Tipsheet: WM Bread Price-Fixing? | Lowe’s +$1,000 | Wgreens #95


Kroger names Cincinnati exec as first-ever African-American division president by Alexander Coolidge at Cincinnati Enquirer. “Monica Garnes, currently corporate vice president of produce-floral merchandising, will move to Phoenix to became president of the grocer’s Fry’s division.” Read more


Brand Finance: Amazon now the world’s most valuable brand (Walmart #9, H.Depot #27, Walgreens #95) Top 100 list


Loblaw, Walmart, Sobeys, Metro, Giant Tiger allegedly involved in alleged bread price-fixing scheme by Francine Kopun at Toronto Star. “The court documents released Wednesday provide more details on how the scheme allegedly worked: the agreed-upon price increases were on average, about 10 cents per product per year, with seven cents going to the suppliers and three cents to the retailers. The pattern became known colloquially as “the 7/10 convention.” Read more


Whole Foods’ 365 Offshoot Moving Ahead Under Amazon Ownership by Craig Giammona at Bloomberg. “365 by Whole Foods Market opened its latest store this week in Brooklyn — its first location on the East Coast. And the division is still signing leases and plans to open at least five more 365 sites this year, an indication that Amazon hasn’t backed off the concept.” Read more


Mastercard Lands Cabela’s Credit-Card Business by AnnaMaria Andriotis at Wall Street Journal. “Cabela’s was the 15th largest credit-card issuer in the U.S. as of June 2017…Cabela’s-branded cards have run on the larger Visa Inc. network, while Bass Pro Shops’ cards run on Mastercard’s.” Read more (subs.)


eBay Q4 revenue +9% “eBay grew active buyers by 5% across its platforms, for a total of 170 million global active buyers.” Press release


Lowe’s to give some employees bonuses of up to $1,000 and expand benefits due to tax reform at CNBC. “Effective May 1, Lowe’s will also be expanding its benefits package for full-time workers to include paid maternity leave for 10 weeks, paid parental leave for two weeks, adoption assistance of up to $5,000, and faster eligibility for health benefits, the memo said.” Read more


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Tractor Supply Q4 Comp Sales +4.0% Press release


Kroger Announces Divisions for Scan, Bag, Go Expansion “Kroger will introduce its Scan, Bag, Go shopping technology in 18 operating divisions, making the service available this year to customers at 400 stores.” Press release


Sears lays off roughly 220 corporate workers ‘effective immediately’ at USA Today. Read more


Murphy USA gets $89 million fourth quarter profit boost from GOP tax cuts by Wesley Brown at Talk Business. “Revenues in the fourth quarter rose to $3.37 billion, up 10.5% compared to $3.05 billion a year ago.” Read more


NRF: Valentine’s Day spending expected to reach $19.6 billion, up from $18.2 billion last year Press release


After 15 years, eBay plans to cut off PayPal as its main payments processor by Jason Del Rey at Recode. Read more


Amazon releases full Super Bowl ad by Todd Bishop at GeekWire. “… featuring celebrities Cardi B, Gordon Ramsey, Rebel Wilson, and Sir Anthony Hopkins playing the role of Amazon Alexa, under the premise that she lost her voice.” See the spot/Read more


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