Tiffany Q4 comp sales -1.0% (vs. estimated +0.8%) Press release
…CNBC: Tiffany shares fall as holiday-quarter sales miss expectations “Tiffany has typically been reliant on Chinese shoppers to boost sales. But uncertain and ongoing trade talks between the U.S. and China have posed a larger threat…” Read more
Subtle changes are coming to Lowe’s stores by Katherine Peralta at Charlotte Observer. “The whole effort here is about letting product be king. It’s not about a bunch of fluffy fixtures, but more about how you can simplify it, make it easier for them to shop, both on the pro side of the store and the DIY side, so that she wants to come in and look around.” (Bill) Boltz said. Tiered subs.
Walmart Builds a Secret Weapon to Battle Amazon for Retail’s Future by Sarah Nassauer at Wall Street Journal. “Walmart is using Jetblack’s army of human agents to train an artificial intelligence system that could someday power an automated personal-shopping service, preparing Walmart for a time when the search bar disappears and more shopping is done through voice-activated devices, said Jetblack CEO Jenny Fleiss.” WSJ subs.
Judge “strongly” advises Lampert’s firm to pay back millions swiped from Sears by Lisa Fickenscher at NY Post. Read more
Amazon to Launch Mobile Ads by Spencer Soper at Bloomberg. “Amazon has been beta testing the ads on Apple Inc.’s iOS platform for several months, according to people familiar with the plan. A similar product for Google’s Android platform is planned for later this year.” Tiered subs.
Walmart is reportedly looking into launching its own cloud gaming service by Stefan Etienne at The Verge. Read more
GameStop names George Sherman as its new CEO by Jeff Grubb at VentureBeat. “Prior to Victra, Sherman worked as an executive at Advance Auto Parts, Best Buy Services, Home Depot, and Target.” Read more
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CVS to sell cannabis-based products in 8 states by Chris Mills Rodrigo at The Hill. “The products will be available in 800 stores in Alabama, California, Colorado, Illinois, Indiana, Kentucky, Maryland and Tennessee, according to NBC.” Read more
…CVS CEO Larry Merlo talks with CNBC’s Jim Cramer 2:27 video
Cato Q4 comp sales -2.0% Press release
Avon, After Breakup, Explores Deal That Would Put It Back Together by Sharon Terlep at Wall Street Journal. “Natura approached Avon about a potential takeover last year, The Wall Street Journal reported in September, but the talks weren’t serious at the time. Like Avon, Natura sells cosmetics via a direct sales force, though it also owns the Body Shop retail chain.” WSJ subs.
Google will open new Seattle campus this summer, just across the street from Amazon’s HQ by Nat Levy at GeekWire. Pics/Read more
Nike Q3 revenue +7.0% Press release
UPS eyes in-home health services with U.S. vaccine project at Reuters. “Workers in UPS’…healthcare complex at Worldport will package and ship the vaccine to one of the more 4,700 franchised U.S. UPS stores. A home health nurse contracted by UPS’ clinical trial logistics unit known as Marken will collect the insulated package, transport it the “last mile” to the patient’s home and administer the vaccine…” Read more
Q&A with Petco’s chief marketing officer Tariq Hassan by Paul Talbot at Forbes. Read more
eBay is adding support for Google Pay by Dami Lee at The Verge. Read more
CA bill would ban cosmetics with toxic ingredients by Rina Raphael at Fast Company. “A new bill attempts to ban asbestos, lead, formaldehyde, and 17 other toxic chemicals in cosmetics. California lawmakers introduced the landmark bill on Tuesday…would be the first of its kind in the country.” Read more
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