Tipsheet: Target Ups Min | CVS Same-Day Rx | Costco #8 Reputable
Target raises its minimum wage to $13 an hour, with goal of reaching $15 by end of 2020 at CNBC. Read more
Walmart upgrades its baby registry at CNBC. “Online traffic to Walmart’s babies pages is up 30% year over year, according to the retailer…Walmart is adding “thousands” of new baby products online and “dozens” of new baby brands in-store.” Read more
Amazon quietly removes promo spots that gave special treatment to its own products by Catherine Shu at TechCrunch. “As lawmakers pay more attention to the most powerful tech companies, Amazon has begun quietly removing some of the more obvious promotions, including banner ads, for its private-label products.” Read more
CVS expands same-day prescription delivery nationwide at CNBC. “CVS will partner with Shipt, a Target company, to deliver prescriptions the same day they’re filled. The service will cost $7.99.” Read more
Best Buy suspends ties to Care.com – halting an emergency child care benefit for employees at Reuters. “Care.com’s stock tumbled last month after the Wall Street Journal reported that the company listed U.S. caregivers who had police records and were later accused of committing crimes while caring for clients’ children or elderly relatives.” Read more
HBC Q4 Sales: Saks Fifth Avenue comp +3.9% | DSG (Hudson’s Bay, Lord & Taylor and Home Outfitters) comp -5.2% | Saks OFF 5TH comp -2.1% Press release
Walmart, Other Employers Get Choosier About Workers’ Doctors by Melanie Evans at Wall Street Journal. WSJ subs.
America’s Most Reputable Companies 2019 by Reputation Institute via Forbes.
Barnes & Noble #6 | Costco #8 | Bass Pro #12 | Menards #27 | Ace Hardware #35 | Lowe’s #36 | Kroger #45
Amazon moving thousands of employees out of Seattle, relocating key division to Bellevue by Monica Nickelsburg at GeekWire. “Amazon plans to relocate its entire Seattle-based worldwide operations team to Bellevue, Wash., by 2023, adding thousands of employees to its new campus just across Lake Washington, according to an internal email obtained by GeekWire.” Read more
…Bellevue mayor lauds company’s ‘transition’ from Seattle by Taylor Soper at GeekWire “Amazon currently has 700 employees in Bellevue, where it opened its first office in 2017, and more than 45,000 at its Seattle headquarters…Bellevue was actually (Amazon’s) original birthplace…” Read more
Luxury Brands Snub Amazon but Cosy Up to Alibaba by Carol Ryan at Wall Street Journal. “In 2018, 26% of luxury fashion brands tracked by digital research outfit Gartner L2 had a store on Tmall, up from 21% a year earlier.” WSJ subs.
Target’s Drive Up service is now available at more than 1,100 stores at A Bullseye View. Read more
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Sears is opening new stores for home goods at CNBC. “…will open three “Sears Home & Life” stores in May, in Anchorage, Alaska; Layette, Louisiana; and Overland Park, Kansas. These shops will be smaller in size — up to 15,000 square feet.” Read more
Lidl CEO Quits Unexpectedly at Progressive Grocer. “…only a few weeks previously, the head of a Lidl sister banner, the hypermarket chain Kaufland, had abruptly resigned.” Read more
Home improvement marketplace Porch makes another acquisition as headcount hits 500 by Nat Levy at GeekWire. “Porch said it acquired Kandela, a Los Angeles-based company that aims to simplify the moving experience by setting up installation of home services like TV, internet and security systems.” Read more
Staples new logo includes a staple icon that can also be used as a desk by Adrianne Pasquarelli at Ad Age. “Staples’ new brands include Tru Red, for notebooks and pens, Nxt Technologies, for internal tech services, Coastwide Professional, which provides facility supplies, Union & Scale, a furniture collection, and a soon-to-be-released brand Perk, which will sell products for office breakrooms.” Tiered subs.
Signet Jewelers, parent company of Kay, Zales and Jared, to close another 150 stores by Kelly Tyko at USA Today. “By the end of the fiscal year in February 2020, “the company expects it will have reduced its store base by 13% over a three-year period.” Read more
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