Best Buy founder Schulze cranks up giving at his $1 billion family foundation by Jean Hopfensperger at Star Tribune. “Schulze also is bankrolling two experiments he hopes will become national models. One cranks up teaching and technology at Twin Cities Catholic schools; the other speeds up business research-sharing among academics.” Read more

 

Walmart U.S. Appoints Steve Bratspies to Chief Merchandising Officer “The company also announced additional leadership changes, including the appointment of Charles Redfield to executive vice president of food for Walmart U.S…John Furner will serve as executive vice president, merchandising for Sam’s Club.” Read the release

 

Walmart Appoints Brett Biggs New Chief Financial Officer “Charles Holley to retire as CFO Dec. 31, 2015 after serving the company for over 20 years.” Read the release

 

Charles Holley’s Retirement Package by Kim Souza at The City Wire. “When Holley retires he will continue to receive payments of $1.9 million paid in multiple installments through January 2018…31,930 restricted shares of Wal-Mart’s common stock…will be accelerated to vest on the date of Holley’s retirement. These vested shares would have a street value of $2.13 million at Friday’s stock price $77.71 per share.” Read more

 

Lowe’s, Woolworths tip $105 million into Masters as deadline looms by Sue Mitchell at Sydney Morning Herald. “Analysts said Lowe’s willingness to inject another $35 million into the joint venture, taking its total investment over the past six years to $1.11 billion, was not necessarily a sign that the US retailer remained committed to Masters in the long term.” Read more

 

Costco’s Richard Galanti Sells 5,500 Shares for $840,785.00 at Ticker Report. Read more

 

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Whole Foods sets restaurant partnership by Lisa Jennings at Supermarket News. “Del Pero did not disclose terms of the investment, but said the partnership will help the 11-unit sandwich chain build infrastructure as it expands into the San Diego and San Francisco Bay area markets in late 2016. As part of the deal, Whole Foods plans to test the opening of Mendocino Farms outlets in select market locations.” Read more

 

PETA targets Urban Outfitters over angora rabbit fur by Lisa Fickenscher at NY Post. “The group is launching a campaign Monday targeting Free People and highlighting the cruelty it says is inflicted on rabbits when the fur is ripped from their bodies, The Post has learned.” Read more

 

Target and General Mills pledge $6M to North Minneapolis nonprofit by Clare Kennedy at Minn./St.Paul Business Journal. Read more

 

‘Outlaw Hogs’ Crowned 2015 Sam’s Club BBQ Champs at NWA. “Thousands made their way to the Sam’s Club headquarters in Bentonville Saturday for the Kansas City Barbeque Society ‘Sam’s Club National Tour.'” Read more

 

Fort Worth: Target opens its first new local store in years by Maria Halkias at Dallas Morning News. “The 122,000-square-foot store is also one of the first stores in the chain with a newly created position of visual merchandise leader, he said. Home merchandise displays will change several times a year.” Read more / See the pics

 

Countdown to Costco grand opening in New Britain (CT) by Michael Schroeder at New Britain Herald. “It took 70 trucks to bring in the 4,000 items on the shelves, compared with “maybe 14,000” in another store of the same type. This limited selection allows Costco to work with suppliers more directly and keep prices down, (Tom) Daly said.” Read more

 

Florida Orange Crop Crushed With Output Estimated at 52-Year Low by Marvin G. Perez at Bloomberg. “Florida’s orange crop will shrink to the lowest in 52 years, the U.S. Department of Agriculture has forecast, as damage from citrus-greening disease persists.” Read more

 

Tipsheet Extra

Twin Cities: Star Tribune Puts Amazon’s 1-Hour Delivery (Ice Cream) to the Test

Meijer expects 20% increase in Halloween shoppers

New Hartford’s “Rogue Cow” Captured Across from Home Depot

The 5 Weirdest Things Brands Are Doing at New York Comic Con

Sometimes the No. 2 spot on Google can beat the top spot

Read Tipsheet Extra Stories

 

Eye-on-Retail Tipsheet is created early every weekday morning and read by retail merchants and executives worldwide. We love data, earnings reports, executive presentations and stories off the beaten path that get at what’s really happening in the world of retail. See our website at www.eyeonretail.net