Today’s Tipsheet: Wmart: Pink Slips & Supplier Pressure | Target Founder’s Estate Sells | REI’s New VP of Retail


Rumors continue about deep job cuts at Wal-Mart, Sam’s Club HQ by Kim Souza at The City Wire. “Rumored corporate layoffs at Wal-Mart and Sam’s Club offices in Bentonville persist, with five sources each telling The City Wire on Wednesday (Sept. 23) that the retail giant will begin handing out pink slips as early as this Friday and continue through the fiscal quarter which ends Oct. 31.” Read more


Target founder’s lakeside estate sold for $5.3M by Sam Black at Minneapolis/St.Paul Business Journal. “The buyer was an entity controlled by developer and real estate agent George Stickney, who plans a housing development.” See the 17 pics / Read more


Wal-Mart presses suppliers to share benefits of cheaper yuan by Nathan Layne & Nandita Bose at Reuters. “Wal-Mart managers in recent weeks have contacted more than 10,000 suppliers in various countries, all of which have manufacturing facilities in China, seeking cost cuts of 2 percent to 6 percent on mainly general merchandise including home furnishings, apparel, health and beauty products, appliances, electronics and toys, according to a consultant who advised Wal-Mart on the move and spoke on condition of anonymity.” Read more


J.C. Penney has a new chief merchant by Maria Halkias at Dallas News. “John Tighe, 46, has been named executive vice president and chief merchant at J.C. Penney, following his mentor, Liz Sweney, into the top merchandising role at the Plano-based department store.” Read more


Canadian Tire debuts mobile credit card app, game and loyalty card by Hollie Shaw at Financial Post. Read more


Target Is Tops in Driving Mobile Sales at Barron’s. “Though consumers spend 60% of digital shopping minutes on mobile, mobile captures only 16% of digital dollars, showing a significant mobile monetization-gap opportunity for retailers who execute well with apps and conversion security.” Read more


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Field Agent Study: The Rise of Online Grocery Shopping  See the full report here


Union fired workers for trying to organize a union: source by Lisa Fickenscher at NY Post. “The union trying for years to organize Walmart workers employs non-union staffers — and fired several of them 15 months ago when they attempted to organize, one former insider claims.” Read more


REI Promotes 25-Year Veteran Rachel Ligtenberg to Vice President of Retail  Read the release


Smart & Final to open 100-plus stores in four years by Mike Troy at Chain Store Age. “Smart & Final, a uniquely positioned operator of 266 warehouse style stores, has plans to open 100 new stores in the Western United States during the next four years. CEO Dave Hirz dropped that bombshell while he and other senior members of the company were at the New York Stock Exchange to ring the opening bell to commemorate the one year anniversary of the company’s listing.” Read more


Home Depot Employees Arrested for Over $200,000 in Credit Card Fraud by Andrew Cohen at Long Island Exchange. Read more


Photos: Tim Cook, Jeff Bezos and Mark Zuckerberg meet China’s president at Microsoft by Taylor Soper at GeekWire. “ See the pics / Read more


Tipsheet Extra

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Walmart Workers Still Unsatisfied, 7 Months After Widely Celebrated Pay Raise

Ron Johnson wants to deliver the iPhone 6s to you in under 4 hours

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Reporter not impressed with Walmart in-store pickup

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