Wednesday Tipsheet: Target: Mtg, Strollers & Liquor | HD Sup.+6% | Wgreen VC Fund
“Michael Bloomberg Backed Moms in Action Take Their Fight to Target Shareholder Meeting” “Moms Demand Action for Gun Sense in America today announced that it will host a “Stroller Jam,” a gathering of moms and children with their strollers, outside of Target Corp.’s annual shareholder meeting in Dallas on Wednesday to continue its call on Target Corp. to prohibit the open carry of guns in Target stores.” Read the release
Today in Dallas: Target Annual Meeting of Shareholders Webcast at 1:30 PM CST
“Sozzi: Carl Icahn Knows That Your Local Family Dollar is a Mess” “An activist investor such as Carl Icahn doesn’t magically appear on the doorsteps of publicly traded companies for no good reason…Family Dollar is in a state of operational disarray says CEO of Belus Capital Advisors Brian Sozzi.” See the video / Read more
“Online grocery a tough sell despite all the buzz” by Krystina Gustafson at CNBC. “A new study from PwC found that only 1 percent of consumers said online shopping is their primary way to purchase groceries. That’s despite the fact that the vast majority of the 1,000-plus respondents have access to the option.” Read more
“eBay: We’re not killing our same-day delivery service (but not expanding as planned)” by JP Mangalindan at Fortune. “eBay Now isn’t going anywhere for the foreseeable future. “We’re still focused on the 4 cities we’re in right now,” he adds…they no longer have plans to expand to 25 U.S. cities by the end of 2014 — an about-face from the ambitious goal they stood by as recently as late last year.” Read more
“HD Supply Q1 Sales +6%” “Adjusted EBITDA increased $25 million, or 15 percent, to $190 million for the first quarter of fiscal 2014 compared to $165 million for the first quarter of fiscal 2013.” Read the release
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“Target Hands A Big Victory To Low-Wage Janitors In Minnesota” by Dave Jamieson at HuffPo. “That sort of measure, sometimes referred to as a labor peace agreement, could very well pave the way for subcontracted janitors in Target’s Minneapolis-area stores to unionize.” Read more
“Walmart & Costco Condemn Slave Labor in Prawn Supply Chain” by Felicity Lawrence at The Guardian. “Walmart said: “We are actively engaged in this issue and playing an important role in bringing together stakeholders to help eradicate human trafficking from Thailand’s seafood export sector…Costco told us it required its suppliers of Thai shrimp “to take corrective action to police their feedstock sources”. Read more
“Walgreens: The big name in startup funding you don’t know” by John Pletz at Crain’s. “For the past few years, it has been operating one of metro Chicago’s largest venture-capital funds. Walgreen won’t put a figure on its Well Ventures unit, but multiple sources who have had discussions with the company say it has more than $150 million available. Only a handful of local players, such as Pritzker Group Venture Capital and Lightbank, have bigger war chests.” Read more
“Finally: Minnesota Target Store Will Sell Liquor this Summer” by John Ewoldt at Star-Tribune. “Later this summer, the Otsego SuperTarget will open a liquor store adjacent to its main location as part of a pilot program Target is launching in Minnesota…The retailer has been selling wine, beer and spirits since 1996 and offers them in 1,300 of its 1,800 locations nationwide. Minnesota is one of the last states where Target doesn’t sell alcohol.” Read more
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