Tuesday Tipsheet: JCP Hires Target/H.Depot Execs | CVS Comp +0.5% | Lowe’s Taps Tech


CVS Q2 Comp +0.5% (Pharmacy +4.1%, Front end -7.8%) “Net revenues for the three months ended June 30, 2015, increased 7.4%, or $2.6 billion, to $37.2 billion compared to the three months ended June 30, 2014.” Read the release


Lowe’s Taps Into Tech to Promote New Manhattan Locations by Ashley Rodriguez at Ad Age. “A lot of work went into figuring out what home improvement means for the Manhattan customer, for the Upper West Side customer, for the Chelsea customer,” said Mr. Luster. “It was really important for us to be part of the community. We’re not a flagship store here. We’re absolutely a neighborhood home-improvement store.” Read more


J.C. Penney CEO Marvin Ellison hires execs from Home Depot and Target by Maria Halkias at Dallas News. “Michael Amend becomes executive vice president of omnichannel beginning Tuesday. Amend comes to Penney from Home Depot where he was vice president of online, mobile and omnichannel and worked with Ellison. Mike Robbins, formerly the senior vice president of global supply chain for Target, will become senior vice president of supply chain at Penney effective Aug. 10.” Read more


Costco delays online photo services return, citing ongoing security concerns by Tricia Duryee at GeekWire. “Other retailers’ photo sites, including Sam’s Club and Rite Aid continue to be down, as well.” Read more


Amazon Echo sold outside Amazon.com for first time – available at Staples.com for $180 by Taylor Soper at GeekWire. Read more


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Publix Q2 Comp +4.1%  Read the release


Walgreens Names Kimberly R. Scardino SVP, Global Controller and Chief Accounting Officer “Scardino joins Walgreens Boots Alliance from American Express Company, where she was senior vice president, business advisory controller.” Read the release


Alibaba Group Appoints Ex Goldman Sachs Exec as President  Read the release


Sears Q2 Comp Plummets -10.6% at AP via Star Tribune. “At Sears stores, the metric declined 13.9 percent. It fell 6.9 percent for Kmart locations.” Read more


Target Set To Upgrade To Safer Card Technology by Nina Moini at CBS Minnesota. “A Target spokesperson said on Monday the major retailer is on track to mail out new chip-based cards to customers in the next couple of months.” Read more


Amazon Places New Limits on Amazon Prime by Ina Steiner at eCommerceBytes. “A new provision called “Amazon Households” restricts members to sharing the program with up to six members: two adults, each with their own Amazon account, and four children.” Read more


Ingles Markets Q3 Comp +1.6%  Read the release


Office Max Q2 Total Sales -10%  Read the release


Tipsheet Extra

What It’s Like To Use Amazon’s New Dash Buttons

Target offers free shipping and returns

Woman allegedly finds frog in bag of organic spinach from Sam’s Club

Walmart India plans to add 50 stores in 4-5 years

Deliv takes on Amazon with same-day delivery for Macy’s – now it’s headed for NYC

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