Today’s Tipsheet: Amazon #2 Retailer in 2020 | Home Depot #1 in Radio | Target’s Slow Cartwheel
“Wal-Mart sits safely atop list of 100 retailers” by Kim Souza at The City Wire. “Given the current trajectory Wal-Mart would have roughly $444.4 billion in annual U.S. sales by 2020, enough to maintain the No. 1 rank among its competitors. Amazon would rank No. 2 with $215.12 billion sales if maintaining the 30% annual growth rate through 2020.” Read more: https://www.thecitywire.com/node/28465#.UdIOKPnVDpU
“Buying a Picasso on Amazon? Not So Crazy Anymore” by Robert Frank at CNBC. “Reports from the Art Newspaper and the Wall Street Journal say Amazon is making plans to sell fine art online. The reports say the company is working with galleries around the U.S.—perhaps more than 100—to act as an online art market and collect a commission on the sales.” Read more: https://www.cnbc.com/id/100858073
“Wal-Mart’s ‘American Idol’-style contest is back” by Parija Kavilanz at CNN Money. “”This contest doesn’t displace that traditional process. It complements it,” said Joel Anderson, president and CEO of Walmart.com. “In this age of technology, the contest is a great way for us to engage our customers and small businesses in a different way.” The contest drew more than 5,000 entries last year and over 1 million votes to determine one grand prize winner and two runners-up.” Read more: https://money.cnn.com/2013/07/01/smallbusiness/walmart-contest/
“Judge blocks Cracker Barrel from grocery shelf” at USA Today via The Tennessean. “Grocery sales are part of Cracker Barrel’s strategy to expand its brand beyond its 600-plus restaurants and stores. The chain has signed a licensing agreement with John Morrell & Co. for ham, bacon and other meats. But food giant Kraft Foods is suing to block the move, saying it would infringe on Kraft’s trademarked Cracker Barrel brand cheese and confuse consumers.” Read more: https://www.usatoday.com/story/money/business/2013/07/01/cracker-barrel-kraft-grocery-suit/2480245/
“Home Depot Still Radio’s Champ” at Radio Ink. “Home Depot maintained the top spot as radio’s number one advertiser according to Media Monitors, the company that tracks how many spots play on the radio every week. Last week, The Home Depot aired 60,812 commercials on the radio across the country. A distant second was iHeartRadio with 38,000, although those were probably trade. McDonalds aired 28,900 spots and came in third.” Read more: https://www.radioink.com/Article.asp?id=2670633&spid=24698
“Target pushes out its Cartwheel slowly but surely” by Thomas Lee at Star-Tribune. “After a month into its Beta launch, Target has released some early numbers: more than 200,000 users have redeemed more than $275,000 in digital coupons. Among the products consumers mostly bought were Fresh Berries, Fruittare Popsicles, Dove Hair Care, and Market Pantry milk. Users with Facebook accounts log into a website, where they can select from a large variety of deals, like 5 percent off Diet Coke or 10 percent off bath towels.” Read more: https://www.startribune.com/blogs/213574321.html
“RadioShack opens first concept store at 2268 Broadway in Manhattan” “Over the next several weeks, RadioShack plans to open a variety of different store configuration prototypes in the New York metropolitan area, as well as in New Jersey and Texas…Key learnings from each of the newly configured stores will serve as the foundation for future retrofits and remodeling of many of RadioShack’s 4,300 stores throughout the United States.” Read more: https://www.prnewswire.com/news-releases/radioshack-opens-first-concept-store-at-2268-broadway-in-manhattan-213908641.html
“Walmart Says No Current Plans for Peru Store” by Robert Kozak at WSJ. “”Walmart is opening an office to support the company’s quality assurance function for sourcing product from Peru. Walmart has no current plans to have retail operations in the market and nothing to announce at this time,” said Walmart senior director of international corporate affairs Kevin Gardner.” Read more: https://online.wsj.com/article/BT-CO-20130701-708076.html
“Target Expands into California” at Zacks. “Target Corporation announced it plans to open 2 new stores in California, one each in Fresno and Rocklin (CA). The 140,000 square feet Fresno Northwest store and the 136,000 square feet Rocklin store are slated to open in Mar 2014.” Read more: https://www.zacks.com/stock/news/102651/target-expands-into-california
“How to Revive Your eBay Sales” by Julia Priddle at Retail Digital (UK). “Title optimization is an effective way to generate improved search rankings. Many sellers have not taken advantage of the new title length since eBay moved the character limit from 55 to 80 characters. This expanded title length provides the opportunity to create a focussed, specified and targeted introduction to a listing.” Read the five tips: https://www.retail-digital.com/online_retailing/how-to-revive-your-ebay-sales?utm_content=Retail+News&utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Twitter&utm_term=Retail+News
Thanks for reading…
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