Tipsheet: Target Censoring? | Fred’s -3.5% | Peak Costco? | Rona Wanted Lowe’s
U.S. retail sales barely rise; import prices drop at Reuters. “The Commerce Department said retail sales edged up 0.1 percent last month, the smallest rise since February. Data for July was revised higher to show sales rising 0.7 percent instead of the previously reported 0.5 percent gain.” Read more
Target mistakenly replaces ‘transgender,’ ‘queer’ with asterisks on book descriptions on website by Jackie Crosby at Star Tribune. “Cáel Keegan, author of the November release “Lana and Lilly Wachowski,” noticed the redactions and alerted her publishing company, the University of Illinois Press, according to Publisher’s Weekly, which first reported the glitch.” Tiered subs.
Fred’s Q2 comp sales -3.5% Press release
L Brands to Close All Henri Bendel Stores at Fortune. “Known for its brown-and-white-striped bags, Henri Bendel was founded in 1895…Now all 23 of its stores and its e-commerce website will close in early 2019.” Read more
Sears Q2 comp sales -3.9% Press release
Walmart will acquire Latin American food delivery service Cornershop for $225 million at Reuters. “Costco which offers deliveries via the app, declined to comment.” Read more
Dollarama Q2 comp sales +2.6% Press release
Kroger shares tumbled more than 9 percent Thursday at CNBC. Read more
Instacart teams with Walmart Canada to bring shoppers in Toronto and Winnipeg same-day grocery delivery by Kate Clark at TechCrunch. Read more
Bezos says Amazon’s second headquarters will be revealed by end of 2018 by Tal Axelrod at The Hill. Read more
Walmart Is No. 1 Retailer in Management Top 250 – Home Depot Among Biggest Gainers at Wall Street Journal. Top 250 list (WSJ subs.)
Zulily co-founder departing – for real this time by Nat Levy & Todd Bishop at GeekWire. Read more
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Rona offered to buy Lowe’s Canada years before it was acquired, says ex-CEO in autobiography via Montreal Gazette. Read more
Jeff Bezos Announces Launch of $2 Billion Charity to Help With Education and Homelessness at Fortune. Read more
Meijer Makes Achievers’ Top 50 Most Engaged Workplaces Press release
Costco stock downgraded by Wells Fargo because this ‘may be as good as it gets’ at CNBC. Read more
Forget Airline Miles. Retailers Pile on Perks for Big Spenders. by Suzanne Kapner at Wall Street Journal. “Nordstrom’s revamped loyalty program…has a new category to fete top spenders: invitation-only “icon” status that includes private dinners with designers and other exclusive events…Macy’s platinum cardholders will get special access to its Thanksgiving Day Parade…” WSJ subs.
Chrissy Teigen introduces exclusive kitchen and tabletop collection at Target at A Bullseye View. Read more
THERE WILL BE BLOOD – Mosquitoes the size of a quarter plague Houston area at ABC 13. “ABC13 reporter Steve Campion said: “I can’t tell you how many mosquitoes swarmed @13PhotogReed and me. Every time we hit one there was blood.” Read more
Tipsheet Extra Stories
America’s Most Dangerous Dog Breeds (Infographic)
The four major U.S. wireless carriers detail initiative that may let websites avoid passwords
Startup 50: The Complete Ranking of Canada’s Top New Growth Companies
Walmart EVP Supply Chain Greg Smith speaks to Florida Tech students
Volkswagen to kill the Beetle in 2019 as car sales plunge
Women model lingerie in windows during New York Fashion Week
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