Eye-on-Retail Daily Tipsheet Archives
Bernie Sanders targets Walmart with bill that would prevent stock buybacks unless companies pay workers $15 minimum wage at CNBC. "The Walton family, the owners of Walmart, are the wealthiest family in America with a net worth of about $180 billion. Meanwhile, most Walmart retail workers are working for horrendously low wages with minimal benefits," Sanders said in a statement to CNBC." Read...
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US retail sales rebound sharply in October at CNBC. "The Commerce Department said retail sales increased 0.8 percent last month also as households bought electronics and appliances. Economists polled by Reuters had forecast retail sales increasing 0.5 percent in October. Retail sales in October rose 4.6 percent from a year ago." Read more
Walmart U.S. Q3 comp sales +3.4% and Walmart...
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Amazon Picks New York City, Northern Virginia for Its HQ2 Locations at CNBC. "The report said Amazon is dividing the headquarters evenly between New York's Long Island City neighborhood in the borough of Queens, and the Crystal City section of Arlington County, across the Potomac from Washington. According to Reuters, Amazon will also be announcing a significant investment in one additional...
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Alibaba sets new Singles Day record with more than $30.8 billion in sales in 24 hours at CNBC. "In Chinese currency terms, GMV totaled 213.5 billion yuan, easily beating last year's figure of 168.2 billion yuan and representing a nearly 27 percent year-on-year rise. That was, however, smaller than the 39 percent year-on-year growth recorded in 2017." Read more
UPS Freight approve...
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FDA plans to restrict flavored e-cigarette sales to vape shops, ban menthol cigarettes from market at CNBC. "The flavor restrictions will exclude menthol, meaning menthol vapor products will still be allowed to be sold in convenience stores and gas stations — until the FDA removes menthol cigarettes from the market." Read more
Brookstone will return to malls in $165M deal by Lisa...
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The 20 Best Workplaces in Retail 2018 (Wegmans #1, Publix #2, Sheetz #4, Burlington #5) at Fortune. List
Costco October comp sales (ex. gas & f/x) +6.6% "Net sales of $11.16 billion for the retail month of October, the four weeks ended November 4, 2018, an increase of 10.6 percent from $10.09 billion last year." Press release
TARGET STANDS BY 'DIFFICULT...
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Facebook catches pop-up fever, opening first retail shop in 9 Macy's stores by Charisse Jones at USA Today. "(Facebook) is introducing a mix of roughly 100 businesses at nine Macy's stores across the U.S. this month, through December. The small ventures will be housed within "The Market,'' a nearly year-old space carved out at various Macy's stores to put the spotlight on new or growing...
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US Christmas sales predicted to surpass $1 trillion for the first time this year at CNBC. Read more
Marvin Ellison has chopped 150 stores since taking the reigns at Lowe's at MarketPlace. "Lowe’s announcement that it would shutter 51 “underperforming” stores...is the second set of closures in Marvin Ellison’s short tenure as CEO, and analysts say they might not be the last....
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US employers added 250K jobs in October, soaring past expectations of +190K at Fox Business. Read more
Shipping container data details what retailers are importing for Christmas by Lori Ann LaRocco at CNBC. "Kohl's is betting on shopper demand for ladies' cardigans, cable knit holiday stockings, cook pots and radio-controlled toys, the data show. Amazon ordered 50 containers...
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Albertsons is bringing in robots to pack its online grocery orders at CNBC. "It will initially launch Takeoff as a pilot before deciding whether to scale it more broadly." Read more
75 Best Large Workplaces for Women (Wegmans #2, Publix #29, Sheetz #54) at Fortune. List
CVS is testing a membership program at CNBC. "CVS is piloting a program in Boston that includes...
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