Today’s Tipsheet: Walmart Most Patriotic | H.Depot Expands Redbeacon | Target Founder Dies


“Target Announces Opening of 20 Additional Store Locations Across Canada” at WSJ.  “The openings mark the first Target store locations in Saskatchewan and follow the opening of 48 stores across Canada earlier this year. These 20 locations officially push Target past the halfway mark for store openings this year, as the retailer plans to open 124 stores across Canada throughout 2013.”  Read more: 


“Home Depot Uses Cloud to Tap ‘Do-It-For-Me’ Market” at WSJ.  ““The market is moving from do-it-yourself to do-it-for-me,” Anthony Rodio, vice president of Home Depot, told CIO Journal. About 42% of home improvement projects are now done by outside help, he said…In January 2012, Home Depot acquired Redbeacon, an online marketplace where consumers can request bids from pre-screened local contractors. That service now operates in five Home Depot markets including San Francisco, Atlanta, Austin, Dallas and Las Vegas. In the next few weeks, the service will expand to more locations on the West Coast and then start to roll out in various markets across the country.”  Read more:


“Walmart Tops List Of Most Patriotic Brands” by Laura Heller at Forbes.  “Walmart, at No. 15, is the only retailer to make the list.  “We looked at eight different categories of retail, which came out to 25 retail brands included in the survey,” explains Robert Passikoff, founder and president of Brand Keys. “Walmart was No. 15 at an 81% rating for the patriotism value, followed by Sears at 80%.”  Read more:


“Sears targets competition in Canada” at The Spec.  “Shoppers will have a “completely different experience” at the newly renovated Sears Home Store in Ancaster, promises Sears Canada’s CEO.  It’s one of three Home Stores to undergo a transformation. The company will monitor feedback and results before investing in the remaining 45 stores across Canada, says Calvin McDonald.”  Read more:


“Target founder Douglas Dayton dies at 88” at Charlotte Observer.  “Having worked as a store manager, Dayton sensed the threat posed by discount retailers such as Kmart. In 1960, he became the first president of Target, and within two years, the company had opened four Target stores in the Twin Cities suburbs.”  Read more:


“Red tape, graft mean India not such a super market for Wal-Mart” at Reuters.  “Now, two sources within the Bentonville, Arkansas-based company’s Indian unit say it is unlikely to apply for its first retail store licence before March 2015. The company has said it needs a further 12 to 18 months after winning government approval to open each store, which means its first retail outlet in the country would open in 2016 at the earliest.”  Read more:


“Target moves multicultural PR account to Boden” by Lindsay Stein at PR Week.  “Target has selected Miami-based Boden PR as its multicultural PR agency partner following a competitive review.  Boden will help the retailer with all of its multicultural PR initiatives, and it will collaborate with LatinWorks, the company’s Hispanic marketing agency, according to a Target representative.”  Read more:


“Harris Teeter’s rising stock price could impact sale” by Jennifer Thomas at Charlotte Bus. Journal.  “Share price could play a role in a sale. For example, if the price pushes north of $50 because of speculation, potential buyers might think that figure is too high, while management thinks it’s the right price for a sale, Cerankosky says.  He believes the board is talking with serious buyers at this point.”  Read more:


“Retail Industry Adds 28,000 Jobs in June”  NRF pegged retail industry job gains at 28,000, with marked increases in every sector except furniture and home furnishings and health and personal care stores.”  Read more:


“Tweens Have a Big Say in Household Spending” by Lucia Moses at Ad Week.  “In the Intelligence Group’s newest Cassandra Report, which focuses on tweens and marketing, fully one-third of parents report their kids are “extremely influential” on household purchases big and small. Armed with technology and opinions, today’s tweens also are well on their way to becoming online shoppers and want products that are customized to them.”   See the infographic:


Thanks for reading…


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