Tipsheet: Target +4.5% | Lowe’s +3% | Macy’s Breach | Jelinek #9 Biz Person


Target Q3 comp sales +4.5% “Third quarter comparable digital channel sales grew 31 percent, on top of 49 percent last year. Same-day fulfillment services (Order Pick Up, Drive Up and Shipt) accounted for 80% of Target’s digital comparable sales growth.” Press release


…Target shares surge after company crushes earnings and raises forecast at CNBC. “Earnings per share: $1.36, adjusted, vs. $1.19 expected. Revenue: $18.67 billion vs. $18.49 billion expected. Same-store sales: growth of 4.5% vs. up 3.6% expected.” Read more


Lowe’s Q3 comp sales +3.0% “…(will) close 34 underperforming stores in Canada (and) undertake a process to simplify multiple Canadian store banners to drive efficiency and reduce operational complexity…” Press release


…Lowe’s raises earnings outlook, shares jump at Fox Business. “Improved execution and strong earnings-per-share growth enabled the company to raise its full-year earnings forecast to $5.63 to $5.70 a share.” Read more


Macy’s said hackers stole customer credit cards – again by Zack Whittaker at TechCrunch. “Macy’s said the breach lasted a week, between October 7 and October 15. The retail giant did not say how many customers were affected, but the breach is likely to affect thousands of customers.” Read more


Walmart CEO Doug McMillon: ‘We could go away at any minute’ at CNBC. “Walmart is not arrogant,” CEO Doug McMillon said at CNBC’s Evolve Summit in Los Angeles on Tuesday morning. “We could go away at any minute. I think most of us act that way every day. If you’re not willing to fail — and we are failing at some things — you’re going to go away.” Read more/27:58 video


Costco’s Craig Jelinek #9 on Fortune’s Businessperson of the Year list Top 20 list


Alibaba raises up to $12.9 billion in landmark Hong Kong listing at Reuters. “The price means Alibaba will raise at least HK$88 billion ($11.3 billion) – a symbolic total because the number 8 is associated with prosperity and good fortune in Chinese culture.” Read more


**A message from Home & Outdoor cookware – High quality cookware made for the cabin, camping, and the great outdoors. 3X stain and scratch resistance. Retail ready packaging. Sales deck | Samples:


TJX Q3 comp sales +4.0% Press release


Amazon Is Planning to Open Cashierless Supermarkets Next Year by Matt Day at Bloomberg. “The new store formats and licensing initiative could launch as soon as the first quarter of 2020, according to a person familiar with the project. Amazon is testing a supermarket equipped with Go technology in a 10,400-square-foot retail space in Seattle’s Capitol Hill neighborhood.” Tiered subs.


Home Depot Q3 earnings call transcript at Seeking Alpha. Transcript


Lowe’s workers have complaints about new scheduling policies by Aine Cain at Business Insider. “One of the primary issues 10 of these workers spoke about had to do with changes to the scheduling policies for full-time employees. The old four-week rotation for full-time employees was replaced with a new system billed as “customer-centric scheduling,” which workers say has brought about less predictability and negatively affected their work-life balance.” Read more


Casey’s names Tractor Supply exec Chief Human Resources Officer Press release


Usain Bolt’s Next Impossible Goal: Finishing a Sam’s Club Run in 3 Minutes by Kathryn Lundstrom at Adweek. “Sam’s Club wants its customers to know they can get all their shopping done in a jiffy…In the bulk retailer’s latest spot produced by MONO, Usain Bolt flies down the aisles to check off all 20 items…” Tiered subs.


Amazon tells senator it’s considered face-scanning doorbells at ABC News. Read more


Customers claim Ulta’s Beautyfest was full of empty promises by Lisa Fickenscher at NY Post. “The retailer told eager consumers last week that its 1,200 stores would open one hour earlier than usual — at 9 a.m. — on Saturday and Sunday…But customers quickly flooded social media with complaints that some stores failed to open their doors on time and that they waited in freezing temperatures for chintzy freebies.” Read more


Tipsheet Extra

Hollywood’s Top 25 Marketing Masterminds of 2019

Here’s Jeff Bezos’ portrait that just made it into the Smithsonian

Capital One partners with OpenTable on exclusive access to premium reservations

FDA to start testing romaine lettuce on heels of Ecoli outbreaks

Warby Parker is launching Scout, its own line of contact lenses

Read Tipsheet Extra Stories



Eye on Retail Tipsheet is must-read material for retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.


Subscribe to Eye on Retail Tipsheet here


Contact us: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to