Walgreens defends dumping merchandise after landslide by Becky Yerak at Chicago Tribune. “Walgreens is facing criticism for dumping the inventory of a closed Wyoming store in a landfill last week instead of donating it to charity…”This certainly was not a typical situation for us,” Walgreens spokesman Phil Caruso told the Chicago Tribune on Monday. “As sad as it is to throw away merchandise, we decided we couldn’t donate any items out of an abundance of caution.” Read more

 

Newsweek: Top Green Companies in the U.S. 2015 (CVS #16, Best Buy #35, Home Depot #125…) See the top 500ish list

 

Kroger appoints new senior leader, president of Harris Teeter by Tom Demeropolis at Cincinnati Business Courier. “With (Fred) Morganthall’s move, Rod Antolock, currently Harris Teeter’s executive vice president, has been named president of Harris Teeter.” Read more

 

CNN to Profile Home Depot CFO Carol Tomé at News on News “Later in June, CNN’s “Leading Women” profiles US business woman Carol Tomé , CFO of the American retail giant, The Home Depot….Tomé discusses her rise at the company with CNN’s Isha Sesay, touching on family, what it’s like working at a Fortune 30 Company and her approach to work.” Read more

 

***A Message from CLUG: The World’s Smallest Bike Rack is Now Available. The CLUG Bike Clip is targeted at the urban cyclist and the casual enthusiast who are short on storage space for their bikes.  CLUG is a patent pending, high quality product that made the list of 2014 Best Stuff by GQ Magazine in their December 2014 issue.  See the video.  See the sell sheet. Retailers: Contact info@shiftmarketinggroup.net to request a product sample.

 

Sam’s Club Bets Drones Will Fly Off the Shelves at Christmas by Sarah Nassauer at WSJ. “Rival Costco wouldn’t comment on its plans for holiday drones and doesn’t currently sell any. Target Corp. sells a $999 drone on its website and said it is likely it would sell more in the coming months.” Read more (Subscription)

 

Target exec in charge of store operations leaves by Nick Halter at Minn./St. Paul Business Journal. “(Bryan) Everett has been replaced by Cindy Hudson. Hudson started on the sporting goods floor when she was 20 and rose to vice president of asset protection, according to an interview she did with workingmother.com.” Read more

 

Macy’s expands its new discount store concept by Andy Brownfield at Cincinnati Business Courier. “Macy’s is adding two additional stores to the original four it announced in May, bringing the total to six. The two new stores are located in the Bronx, N.Y., and West Orange, N.J.” Read more

 

Wal-Mart execs defend expensive tech investments, will ‘take time to pay off’ by Kim Souza at The City Wire. “Looking forward we expect an increase in global e-commerce sales of around 25% in fiscal year 2016, and we anticipate growth over the three-year period from fiscal years 2016 through 2018 to average 30 to 40%,” Holley said.” Read more

 

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Walgreens Launches App for Apple Watch to Support Medication Adherence  Read the release

 

These Are the 13 Cities Where Millennials Can’t Afford a Home at Bloomberg. See the list

 

Wayfair CEO Niraj Shah to Present at the 35th Annual Piper Jaffray Consumer Conference on June 9, 2015  Read the release

 

Tipsheet Extra

Here’s Why Home Depot Continues To Win

Amazon halts sale of ISIS propaganda magazine ‘Dabiq’

Home Depot sued by woman claiming she injured her back loaded mulch into car

Read Tipsheet Extra Stories

 

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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