Tuesday Tipsheet: Target’s ‘Trophy’ T-shirt | Dick’s New Concept | Albertsons Sues Haggen
Dick’s Sporting Goods is launching a competitor to Lululemon by Hayley Fitzpatrick at Business Insider. “We wanted to provide a destination for women who are on their own personal fitness journeys…” said Lauren Hobart, SVP, DICK’S Sporting Goods/General Manager, Chelsea Collective…The first two stores will open next month in Virginia and Pittsburgh.” Read more
Grocery store chain A&P files for bankruptcy at Reuters via CNBC. “The company has lined up buyers for 120 of its 296 stores with total expected proceeds of about $600 million, the Wall Street Journal reported.” Read more
Is Target’s ‘Trophy’ T-shirt demeaning toward women? by Diana Falzone at Fox News. “It is never our intention to offend anyone and we always appreciate receiving feedback form our guests,” a Target rep said in a statement. “The shirt you’re describing is part of a collection of engagement and wedding shirts that are available in our women’s and plus size departments.” Read more
Albertsons sues Haggen over $36 million in grocery inventory by Shan Li at LA Times. “Albertsons says that Haggen refused to pay for $36 million of inventory at 32 stores it acquired. Nearly $5 million in inventory at an additional six stores will be past due Tuesday — bringing the total to more than $41 million, the complaint said.” Read more
Judge tosses bulk of former CFO’s defamation suit vs Walgreens by Jonathan Bilyk at Cook County Record. “Now, Wade Miquelon has asked the judge for permission to amend his complaint again, this time to bolster his claims the company misled him into signing a separation agreement used by Walgreens to defend itself against his lawsuit, and to add a new allegation of defamation against the company and its executives.” Read more
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Amazon takes aim at next target: Macy’s by Krystina Gustafson at CNBC. “According to a report released by Cowen and Company on Monday, Amazon’s U.S. apparel and accessories business will strip Macy’s of its title as the country’s top apparel retailer by 2017.” Read more
Jet.com Will Launch With Amazon Prices Front and Center by Jason Del Rey at Recode. “Jet tested its service with some customers who were given early access by showing its prices against those found on multiple competing websites. But after some people were confused by the appearance of the various competitors, Jet has decided to show its prices against just one competitor, Amazon.” Read more
This is Jet.com’s very weird and costly way to compete with Amazon on day one by Tricia Duryee at Geek Wire. Read more
India: Walmart may sell fashion items on third-party ecommerce sites by Rasul Bailey at Economic Times. “Walmart is in a very early stage of exploring the market for George,” the person said, asking not to be identified.” Read more
Limited Too is coming back — 90s girls everywhere rejoice by Lisa Fickenscher at NY Post. Read more
Jeff Bezos’ space tourism company just launched sign-ups online by Steve Wilhelm at Puget Sound Business Journal. “A key feature of the capsule – which carries six people – will be six 43-inch-high windows, giving those aboard a wide view of the Earth below.” Read more
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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