Eye-on-Retail Daily Tipsheet Archives





Tipsheet: WM Eyes CEO for ‘Stealth Co.’ | Tiffany -2% | Blue Nile CEO Out

  CVS, Walmart resolve pharmacy contract impasse at Reuters. "Evercore ISI analyst Ross Muken said the speed at which the dispute was resolved likely points to the negotiating strength of pharmacy benefit managers in contract discussions." Read more   Tiffany comp sales fell 2 percent during the holiday season at CNBC. Read more   Walmart Is Looking for a CEO for a ‘Stealth...


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Tipsheet: HBR Staffing Strategy | Amazon ‘Owns’ Publishing | Target CFO Non-Compete?

  Target is making a bigger bet on baby by Lauren Thomas at CNBC. "In deciding to grow Cloud Island, (Mark) Tritton explained, "We like to see what customers buy with what... what they come back with frequency on. As they buy x, they buy y." He said many moms and dads come to Target to buy clothes or groceries, and they leave with a pack of wipes or baby formula." Read more   Shopko...


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Tipsheet: Big Y #23 Diversity | Amazon #6 Remote Jobs | Home Sales -11%

  Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid at Reuters. "The billionaire’s proposal, made through his hedge fund ESL Investments Inc, will save up to 45,000 jobs and keep 425 stores open across the United States." Read more   Nordstrom says sales at some stores 'below expectations' this holiday season at CNBC. "... comp sales were up 1.3 percent...


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Tipsheet: WM/CVS Clash | Wgreen/Msoft Team | FDA Restarts | “Cut the Wire” Out

  Microsoft signs a huge deal with Walgreens at CNBC. "Walgreens is signing up more than 380,000 employees for its Microsoft 365 cloud apps offering, including Office 365, Windows 10, and mobility and security tools. The company will move most of its information technology workloads to Microsoft's Azure public cloud." Video/Read more   Walmart CTO Jeremy King excited about computer-vision...


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Tipsheet: Joly Eyes ‘Happiness’ | Kroger CEO on Consumers

  Gymboree expected to file for bankruptcy, with plans to close all 900 of its stores at MarketWatch. "While Gymboree is expected to liquidate, the fate of Janie and Jack stores is still up in the air, one of the people said." Read more   Kroger CEO Says Shoppers Wary About Future by Jordyn Holman & Anne Riley Moffat at Bloomberg. "It’s fascinating right now from a customer...


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Tipsheet: Target +5.7% | Costco +6.1% | Kohl’s +1.2% | Macy’s +1.1%

  SURGE - Target reports holiday same-store sales growth of 5.7%, maintains 2018 outlook at CNBC. "That's compared with growth of 3.4 percent a year ago...digital sales were up 29 percent during the holidays...It said the amount of online orders fulfilled through either in-store pick up or a curbside pick up services was up 60 percent from a year ago and accounted for roughly 25 percent of online...


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Tipsheet: Bezos Divorce | JCP -3.5% | Costco Tiffany Loss

  Court gives Sears new life, allows Chairman Eddie Lampert another chance to save retailer at CNBC. "Lampert's hedge fund, ESL Investments, will now be required to pay a $120 million deposit by 4:00 p.m. Wednesday. Sears will then allow Lampert to participate in a previously scheduled auction on Monday." Read more   JCPenney comp sales fell 3.5% for the nine weeks ended Jan. 5 at CNBC....


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Tipsheet: Sears to Shutter | Amazon In-Garage | Icahn Out of D.Tree

  Sears to ask bankruptcy judge to liquidate at Reuters. "Sears...may have to close hundreds of stores it is still operating...the sources said. Its vast inventories of tools, appliances and store fixtures will be sold in fire sales, the sources added." Read more   ...“We are down, but not out" Sears, via its official Twitter account (@Sears), said in reply to one of the many posts...


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Tipsheet: Kroger/Microsoft Test | Lowe’s Restructures | Starboard Pushes D.Tree

  Starboard buys stake in Dollar Tree, seeks sale of Family Dollar at CNBC. "Starboard, which has taken a 1.7 percent stake worth about $370 million in the retailer, is seeking majority control of the board and is also pushing for Dollar Tree to tweak its pricing model, the paper reported, citing sources." Read more | WSJ subs.   Kroger, Microsoft Create Futuristic Grocery Store...


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Tipsheet: Rite Aid De-Listed NYSE? | Hudson’s Eyes Private | GameStop ‘Irrelevant’

  Rite Aid warned of risk of delisting from NYSE as shares fall below $1 at CNBC. "Shares of the drugstore chain have fallen 64 percent over the past year, down to 75 cents a share as of Thursday's close from $2.11 on Jan. 3, 2018." Read more   Hudson’s Bay Co. closer to going private by Lisa Fickenscher at NY Post. "Ontario Teachers’ Pension Plan is cashing out its position,...


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