Tipsheet: Ulta CEO on CBS | RH -6.0% | H.Depot Founder Talks Nardelli | Wmart Builds Around Home
Fmr. Walmart US CEO Bill Simon Betting on Trump to Cure ‘Ailing’ Economy by Julia Limitone at Fox Business. “Four percent GDP growth … will cure a lot of what ails this country,” he said, adding that Trump’s promise to revive the U.S. manufacturing industry and create jobs is “really exciting.” Video / Read more
Home Depot co-founder Arthur Blank says ex-CEO Nardelli had ‘huge negative effect’ on company by Phil W. Hudson at Atlanta Business Chronicle. “Without being personal about it, let’s just say [Nardelli’s] management style had a huge negative effect on the company: on the associates, on our customers, our brand, our share price, virtually everything could not have gone worse under his leadership,” he said. “And thank heavens… when they got rid of Nardelli they promoted Frank Blake.” Read more
Ulta Beauty CEO Mary Dillon Appears on CBS This Morning 4:36 video
How Big-Box Retailers Weaponize Old Stores by Shannon Pettypiece at Bloomberg. “Tucked away on the northern edge of Michigan’s rugged Upper Peninsula, Sault Ste. Marie is bracing for the battle of its life. The tourist town is heading to court in early 2017 to fight Walmart Stores, which seeks to cut $286,000 off its annual property tax bill on a local store. Using what critics call the “dark store loophole”… Read more
Restoration Hardware Q3 Comp Revenue -6.0% “Gary Friedman: “We are lowering our outlook for fiscal 2016 net revenues and adjusted EPS based on trends to-date during the fourth quarter. First, our business in November was below our expectations, which we largely attribute to consumer softness related to the US election and our Fall 2016 Source Books getting in homes later than planned.” Press release
Former GNC exec, Mark Wahlberg launch new product line by Tim Schooley at Pittsburgh Business Times. “The new venture builds on the established relationship Dowd had with Wahlberg, the well-known rapper, actor and businessman, when he was working on his celebrity partner’s branded product sold at GNC, where he’s worked for years as chief merchandising officer.” Read more
Ex-Amazon star finds new e-commerce success in company’s backyard with Mondelez by Kurt Schlosser at GeekWire. “I was recruited by Mondelez to come start their e-commerce business for food and grocery and snacks and such” (Neil) Ackerman said…The Mondelez office, now located in downtown Bellevue’s Key Center, started with Ackerman by himself and has grown to 15 people.” Read more
Samsung may permanently disable Galaxy Note 7 phones in the US as soon as next week by Jacob Kastrenakes at The Verge. “According to an image obtained by The Verge, an alert went out to at least one Note 7 owner on US Cellular today stating that, “As of December 15th, Samsung will modify the software to prevent the Galaxy Note 7 from charging. The phone will no longer work.” Read more
**A message from Hot Shot – There’s no place like home. And when you rule the roost, you do it all… keep the peace, dry the tears, mop up the messes – even squash the spiders. When bugs cross your threshold, count on Hot Shot® brand for practical, easy-to-use, effective home insect solutions that take care of the creepy-crawlies for you – without breaking the bank. Save the Day. Facebook page
Portland votes to tax companies whose CEOs make more than 100 times the median employee pay at Portland Tribune. Read more
…The new rule could affect more than 500 publicly traded companies that do business in Portland including Walmart by Polina Marinova at Fortune. Read more
TEARS OF JOY- People flew from Washington, New York & Oklahoma to visit black Santa at Mall of America by Tad Vezner at Pioneer Press. “People were crying and emotional, and I was very humbled by that,” he said. “One lady called, said ‘I’m bringing my baby.’ The owner asked, ‘Where are you?’ She said Arizona. I just thought that was incredible. Incredible.” Read more
Shoppers aren’t buying on Pinterest as much as Macy’s expected by Zak Stambor at Internet Retailer. “Customer adoption of buyable pins has been slower than we anticipated,” says Serena Potter, group vice president of digital media strategy at (Macy’s)…“There’s still a lot of Pinterest users who don’t understand how they work.” Read more
Coach Throws Itself a Mind-Blowing 75th Birthday Bash by Brian Sozzi at The Street. “Actually, make that a crowd of fashion elite (and fashion wannabes) the size of a rock concert packed out in an old warehouse by the water in New York City. Coach’s musically loud birthday bash…was nothing short of over-the-top featuring various props such as vintage American cars, hanging electric dinosaurs and outposts that looked straight out of a old Western movie set. And yes, there was top shelf liquor (but sadly, no food).” Read more
45 pilots for Amazon carrier contractor picket Seattle HQ by Daniel Demay at Seattle PI. Pics / Read more
THIS IS HOME – Woman won’t sell home so Walmart builds Supercenter around it by Troy Kless at KBMT. “I like this house because especially my youngest son grew up here, my little grandbabies started coming around here. You know, 25 years can hold a lot of memories” Whitmire said.” Video / Read more
Food Lion expands its home-delivery footprint to 24 new zip codes in Charlotte market by Jennifer Thomas at Charlotte Business Journal. Read more
J.D.Power: Publix Pharmacy ranked “Highest in Customer Satisfaction with Supermarket Pharmacies, Eight out of the Last Ten Years” Press release
Suspect arrested after Wal-Mart semi leads authorities on chase across Spokane by Chad Sokol at The Spokesman-Review. “Nikole Behne was picking out clothes for a date at a nearby sushi restaurant when she heard a loud noise. “And then I smelled burning rubber and looked out the window, and there was a truck in my yard,” she said. “We have two little girls that love to play in the yard, so luckily they weren’t out here when this happened.” Pics/ Read more
Lawsuit claims elderly man died after Walgreens employees made him mop bathroom at Fox News. “The suit claims that on Oct. 15, 2012, Fernando Elizarraras made a routine visit to the Walgreens, located on Landstar Boulevard, but when he tried to leave, employees escorted him back to the bathroom to clean up his alleged mess…His family claims in the suit that the forced chore caused Fernando Elizarraras to feel “humiliated, disgraced and injured in his feelings, emotionally and mentally,” directly leading to his death.” Read more
Tipsheet Extra Stories
Apple CEO to deliver MIT’s 2017 commencement speech
Target employees call cops after being asked on social media to commit fraud
Ex-Hershey Foods CEO wants to get into gummi candy business
Theranos’ email gaffe accidentally outs investors, including reps from the Walton family
New Nordstrom mobile chatbot is ready to help shoppers find the perfect holiday gift
Forget Kobe Beef: These Are the Cult Steaks Everybody Wants Right Now
Amazon Inserts Its Own ‘Man of the Year’ Issue in Time
Pantone’s Color of the Year Is Greenery
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