Tipsheet: Trump “Obsessed” w/Amazon | Wgreen Pharm +5.1% | Ex-Neiman Q&A | Ace + Joanna
Walgreens profit, sales beat estimates via CNBC. “Same-store sales at Walgreens’ U.S. pharmacies rose 5.1 percent in the quarter. The company filled 269.2 million prescriptions, up 9.1 percent from a year ago.” Read more | Press release
Trump hates Amazon by Jonathan Swan at Axios. “Trump wants to go after…Amazon, according to five sources who’ve discussed it with him. “He’s obsessed with Amazon,” a source said. “Obsessed.” Read more
Hudson’s Bay Q4 comp sales -2.4% “Comparable sales at Saks Fifth Avenue grew for the third consecutive quarter, increasing by 2.1%…Comparable sales declined by 2.6% at DSG, 3.4% at HBC Europe, and 7.6% at HBC Off Price…” Press release
Campaigners call for plastics-free aisles in Kroger at Reuters. “An online petition has drawn some 75,000 signatures in less than a week…The petition comes less than a month after the Dutch organic chain Ekoplaza set up what it said was the world’s first such supermarket aisle.” Read more
J. Crew Looking to Madewell Chain to Fuel Growth After Slump by Nick Turner at Bloomberg. “Though overall revenue increased just 2% last quarter, it jumped 32 percent at Madewell…Madewell, a seller of denim clothing and accessories for women, has become a bright spot at J. Crew by appealing to millennials.” Read more
…J.Crew Q4 comp sales decreased 3% following a decrease of 5% in the fourth quarter last year Press release
2018 Harris Poll Reputation Quotient® Rankings (Amazon #1, Costco #17, Kroger #18, Home Depot #26, Target #49, Nordstrom #55) Top 100 list
RH Q4 net revenue +14% Press release
**A message from BK Resources – Restaurant owners, plumbers & GCs buy food service equipment – are you getting your fair share of this business? BK Resources is a leading supplier of stainless steel: commercial faucets, sinks, work tables, bar equipment, ice bins and more. Catalog | Website | Custom/Sample requests
Kohl’s bets on smaller stores to fuel its growth at CNBC. “Kohl’s currently has 12 shops in the U.S. that are roughly 35,000 square feet…”An average full-size Kohl’s store is doing 15 percent less business than it did five years ago,” outgoing CEO Kevin Mansell told CNBC Tuesday.” Read more
Neiman Marcus and Joor develop technology to relieve buyers of a lot of the job tedium Press release
Walmart Beat Netflix and Amazon to Video on Demand But Still Lost by Matthew Boyle at Bloomberg. “As its competitors flourished, Vudu languished. Even though it’s pre-loaded in or can be downloaded to hundreds of millions of smart TVs, Blu-ray devices and video-game consoles.” Read more
Forbes talks with Ruth Crowley, VP of customer experience design at Lowe’s to discuss its efforts to reach millennial new home buyers by Jeff Fromm. Q&A
Walmart Tries to Join the #MeToo Movement By Removing Cosmo From Checkout Lines by Natasha Bach at Fortune. Read more
Former Neiman Marcus CEO Relishes the ‘Sweet ‘Revenge’ of Success by Suzanne Kapner at Wall Street Journal. “Over lunch of poached eggs on avocado toast at the Mark Restaurant by Jean-Georges in Manhattan, the 61-year-old Ms. Katz spoke about her career and how women can make it to the top…” Q&A (subs.)
Lululemon outperforms estimates in Q4 after strong holiday season via Vancouver Sun. “…net revenue increased 18% to $928.8 million for its fourth quarter ended January 28.” Read more
Consumer Reports says Trader Joe’s Liquid Laundry HE and Xtra Scentsations detergents performed only slightly better than plain water by Marilyn Moritz at KSAT 12 ABC. “Member’s Mark Ultimate Clean from Sam’s Club or Kirkland Signature Ultra Clean Free and Clear from Costco are both good options.” Video/Read more
Kroger New Director of Investor Relations Started as a Cashier Press release
In Venezuela, hungry child gangs use machetes to fight for ‘quality’ garbage by Eduard Freisler at Miami Herald. “At 16, Liliana has become the mother figure for a gang of Venezuelan children and young adults called the Chacao…The 15 members, ranging in age from 10 to 23, work together to survive vicious fights for “quality” garbage…Their weapons are knives and sticks and machetes. The prize? Garbage that contains food good enough to eat.” Read more
Tipsheet Extra Stories
The Unlikely Tale of an $89 Amazon Coat That’s Taken Over the Upper East Side
Saudi Arabia Lifts Its 35-Year Ban on Movie Theaters
Ace Hardware Launches Exclusive Paint Partnership With Joanna Gaines
HEB Grocery shopper seeks $1 million over alleged injuries caused by falling boxes
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