Canadian Tire Q1 retail comp sales +0.7% Press release
PriceSmart April net merchandise sales -10.9% Press release
Target in talks to boost its same-day delivery ambitions by buying pieces of startup Deliv at CNBC. “The aspect of the technology that interests Target is its ability to pool multiple orders and route them to a similar place, according to a source familiar with the deal who was granted anonymity to discuss it.” Read more
The 2020 DiversityInc top 50 companies for diversity (Target #13, CVS #24, Walmart #32, JCP #41) Read more
Businesses Struggle to Lure Workers Away From Unemployment at Wall Street Journal. “Ilona Luce-Fina, who was laid off from her job as a bartender at the airport in Ithaca, N.Y., said she hopes her boss doesn’t call her back too soon. “I was crying at work to leave, but then as time went on and I did receive benefits, it was like, wow, I’m getting more than when I worked there,” Ms. Luce-Fina said.” WSJ subs.
Camping World Q1 revenue -3.5% Press release
Levi’s CFO Picks Up the Phone to Remind Retailers to Pay Their Bills at Wall Street Journal. “I’m the chief debt collector,” said Harmit Singh. “I am calling the big retailers, saying, ‘You are owing me money; when are you paying me?’…“My feedback to all of them is I need a little bit of money every week.” WSJ subs.
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Seattle City Council’s ‘Amazon Tax’ will be tabled while Washington state remains under its stay-home order by Monica Nickelsburg at GeekWire. Read more
Bain & Company: Global luxury sales could collapse up to 60% in the second quarter at CNBC. “McKinsey & Company also issued a report in April which said global revenue for the personal luxury goods market is expected to contract between 35% to 39% in 2020, compared to the previous year.” Read more
JCPenney and Sephora Reaffirm Partnership Press release
Fourth Amazon warehouse worker dies from coronavirus at NY Post. “(Amazon) has not provided an official tally of employees infected or killed by the virus. But workers have reported about 300 cases to United for Respect, a nonprofit that’s tracking the disease among Amazon staff.” Read more
The Buckle April total net sales -80.8% Press release
High Times owner hires Victoria’s Secret, cannabis vet as CEO at NY Post. “The company, which owns stoner magazine High Times, has appointed Peter Horvath, most recently CEO of Green Growth Brands, to replace Stormy Simon, who resigned Monday after four months on the job.” Read more
Officer uses “take-down” maneuver on Walmart shopper not using mask at USA Today. “Video of the confrontation at a Birmingham Walmart circulated widely on social media. The video shows the officer picking the woman up and throwing her to the ground. It appears he was attempting to handcuff her.” Read more
Amazon heads into regulatory whirlwind
Neiman Marcus has been the heart of downtown Dallas for 113 years
Ohio firm buys former Walmart distribution center in Fort Smith
Murphy Oil relocating corporate HQ from south Arkansas to Houston
Brawl breaks out at Atlanta mall on day it reopens after coronavirus lockdown
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