“HD Supply may raise up to $1.3 billion in IPO” at AP via Businessweek. “The company plans to sell 53.2 million shares priced between $22 and $25 each…Home Depot remains its largest customer and accounted for $296 million in revenue last year. HD Supply reported a loss of $543 million on revenue of $7.03 billion in its most recent fiscal year.” Read more: https://www.businessweek.com/ap/2013-06-13/hd-supply-may-raise-up-to-1-dot-3-billion-in-ipo
“Will AmazonFresh Kill Online Grocery Startups?” by Gabrielle Karol at Fox Business. “The service, known as AmazonFresh, has been operating in Seattle since 2007. To use AmazonFresh, consumers need to pay a $299 annual subscription fee, plus an additional delivery fee for orders under $35. To get same day delivery, orders need to be placed by 10 a.m.; orders submitted after 10 p.m. will be delivered by 6 a.m. the next morning. Online grocery startups in Los Angeles say they aren’t worried about competition from the $123 billion ecommerce giant in the estimated $6 billion industry.” Read more: https://smallbusiness.foxbusiness.com/entrepreneurs/2013/06/13/will-amazonfresh-kill-online-grocery-startups/#ixzz2WBWo5mGP
“Grocers sue spud growers over alleged price fixing” by John Miller at AP via Seattle Times. “The grocery group (Associated Wholesale Grocers), a cooperative that supplies more than 2,000 stores including IGA, Thriftway and Price Chopper in 24 states, contends the potato growers banded together in 2004 to illegally inflate prices in a scheme akin to the petroleum-producing OPEC cartel, reducing planting acreages and destroying potatoes, all to restrict what was available for sale.” Read more: https://seattletimes.com/html/businesstechnology/2021184846_potatopricefixxml.html
“Is ‘Shark Tank’ Really Worth 5% Of Your Company? Business Owners Say ‘Absolutely’ ” by J.J. Colao at Forbes. “This morning the New York Times reported an interesting piece of information about Shark Tank, the popular ABC show where business owners pitch their companies to a group of high-profile investors, including billionaire Mark Cuban. Just for appearing on the show, owners agree to give up 5% of their company or 2% of future royalties.” Read more: https://www.forbes.com/sites/jjcolao/2013/06/13/is-shark-tank-really-worth-5-of-your-company-business-owners-say-absolutely/
“Wild Oats chain is poised to reopen this year” by Tiffany Hsu at LA Times. “Wild Oats Markets Inc., the closed purveyor of organic and natural foods, is planning a comeback this year, potentially aided by local billionaire Ron Burkle. The company, which has been out of operation since 2007, now says on its website that it is “re-introducing” its brand, bringing beverages, snacks, cereals, pasta and other goods to store shelves….” Story at: https://www.latimes.com/business/la-fi-burkle-wild-oats-20130613,0,2377718.story
“Restoration Hardware Holdings, Inc. Reports Record First Quarter Fiscal 2013 Financial Results” “Carlos Alberini, Chief Executive Officer, said, “We are extremely pleased with our first quarter performance and financial results. During the period, we delivered an increase in net revenues of 38%, comp store sales growth of 41%” Read more: https://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsLang=en&newsId=20130613006282&div=-1245645151
“Duck Dynasty’s Growing Retail Empire” by Alexandra Alter at WSJ. “The family now sells everything from gumbo bowls and toy ducks to Phil bobbleheads and a Willie Chia Pet that grows a verdant, bushy beard. The Duck Dynasty brand has become so popular in Wal-Mart stores that last week, Willie and Korie Robertson were brought in to address the company’s employees at the retailer’s annual meeting. Duck Dynasty T-shirts are the top-selling graphic T-shirt in Wal-Mart’s men’s, women’s and boys’ department…Wal-Mart currently sells Duck Dynasty products in six different departments, from apparel to home goods and sporting gear, and is expanding the line to 13 departments by the holidays. New and coming gear includes Halloween costumes for dogs, with fake beards and camouflage, and an “exclusive” line of Duck Dynasty antibacterial bandages.” Read more: https://online.wsj.com/article/SB10001424127887323734304578541634247239240.html?mod=wsj_share_tweet
“Microsoft sets up shop in your local Best Buy” by Alan Bunkingham at Beta News. “The company’s Brandon LeBlanc lets us know, “today, we announce a strategic partnership to create the Windows Store only at Best Buy, a comprehensive store-within-a-store in 500 Best Buy locations across the United States and more than 100 Best Buy and Future Shop locations in Canada”.” Read more: https://betanews.com/2013/06/13/microsoft-sets-up-shop-in-your-local-best-buy/?utm_source=dlvr.it&utm_medium=twitter&utm_campaign=TechL0G&utm_desttype=twitter&utm_destname=techl0g
“Millennial Women Question Professional Ambition” “A prominent theme emerging from the research is the extent to which millennial women are unwilling to make the personal sacrifices they believe are inextricably linked to their ability to climb the corporate ladder.
* Forty-nine percent say the sacrifices women leaders have to make aren’t worth it, and nine in ten agree that women leaders have to make more sacrifices than their male counterparts
* More than three-quarters of women surveyed (76%) are concerned about their ability to achieve a balance between personal and professional goals
* Less than half of the women (46%) are willing to sacrifice aspects of their personal life to achieve professional goals
“Kroger To Webcast Annual Meeting Of Shareholders June 27” “The Kroger Co. today announced it will webcast the annual meeting of shareholders beginning at 11 a.m. (ET) on Thursday, June 27, 2013. The meeting will be broadcast online at https://ir.kroger.com.” Read more: https://www.prnewswire.com/news-releases/kroger-to-webcast-annual-meeting-of-shareholders-june-27-211383971.html
Thanks for reading…have a great weekend!
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