Tipsheet: Tiffany -5% | H.Depot Radio Kings | Amazon #1 Reviewer
Tiffany Q1 comp sales -5.0% (Worldwide & Americas) Press release
Sephora will close all locations Wednesday to hold diversity training for its staff after R&B singer SZA accused the store of racial profiling at CNN. Read more
Walmart to woo high school students with free test prep, debt-free college by Julia La Roche at Yahoo Finance. “Walmart partnered with Guild Education…Degrees were initially offered from three universities — University of Florida, Brandman, and Bellevue University…On Tuesday, the program added Southern New Hampshire University, Purdue University Global, and Wilmington University to its suite of schools.” Read more
FTD files for bankruptcy protection, but flower deliveries will continue by Charisse Jones at USA Today. Read more
Walmart Store No. 8 under new leadership at Talk Business. “Scott Eckert will take over for Lori Flees, who ran Store No. 8 in addition to being senior vice president of health and wellness for Sam’s Club. Flees will continue her role at Sam’s Club…” Read more
CVS to open 1,500 HealthHUB stores over next two years by Angelica LaVito at CNBC. “CVS opened its first three HealthHUB locations in Houston in February. It plans to open more in Houston, Atlanta, Philadelphia, southern New Jersey and Tampa, Florida, by the end of the year.” Read more
Apparel giant Forever 21 exploring restructuring at CNBC. “The company is in talks with private equity firm Apollo Global Management about raising debtor-in-possession funds to provide financing should it file for bankruptcy, the person said.” Read more
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Walmart vet now tops Petco digital team “Darren MacDonald will join the company as Chief Digital and Innovation Officer, effective June 10…Prior to joining Petco, MacDonald managed Walmart’s US e-commerce entertainment business.” Press release
Chewy Announces Launch of IPO Press release
Build-A-Bear and Walmart team up by Henry Fernandez at Fox Business. “Build-A-Bear had partnered with retail giant Walmart in opening shop-in-shops inside six pilot stores last holiday season. Now, it’s looking to expand into 25 additional Walmart stores over the course of this year.” CEO video/Read more
Walmart Canada CEO Q&A by Michael Lewis at Toronto Star. Tiered subs.
Amazon will offer 10M products via accelerated Prime program by Kurt Schlosser at GeekWire. “For the first time the company is sharing just how many items are now available to be delivered in such rapid fashion. In the process, the company is effectively throwing down the gauntlet for Walmart.” Read more
Home Depot #1 again in radio spots last week at Radio Ink. “The Home Depot ran another tidal wave of spots last week — 88,365 in all. GEICO put out a healthy 53,778…Lowe’s was third (37,928)…” Read more
LOW SHRINKAGE – Barron’s: If Costco suffered from average retail shoplifting levels, “it would have no operating profit margin excluding membership fees” at Fox Business. Read more
Startup bets high-tech dog lockers will get shoppers to leave pups outside the grocery store by James Thorne at GeekWire. Pics/Read more
Meet the North Dakota man who is Amazon’s No. 1 reviewer. He gets a lot of ‘free’ stuff. by Kim Hyatt at Forum News Service via Pioneer Press. “Yes, Amazon has a hall of fame for reviewers. So he started cranking out the reviews, sometimes as many as six in a day. He reached the top ten this January and thought, “If I keep pushing, maybe I could make No. 1.” Even by 2014, his ranking had reached 370th but took a dip to 812th the following year.” Read more
Tipsheet Extra Stories
NBA teams moving away from ‘owner’ title
Mayor suggests boxing bouts to settle street beefs
Sears’ bankruptcy has burned thousands of vendors worldwide
Amazon offered job to Pentagon official involved with $10B contract it sought
Google outage meant some couldn’t unlock doors or use the AC
Every clothing store stock is down for the past month
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