Macy’s shares tank 15% as deep discounting leads to big earnings miss, cut forecast at CNBC. “…(comp sales) were up 0.3%, short of expectations for growth of 0.4%…“We took markdowns to clear the excess Spring inventory and are entering the Fall season with the right inventory to meet anticipated customer demand,” (CEO Gennette) added.” […]
Rite Aid Taps Healthcare Executive As New CEO To Replace Standley by Bruce Japsen at Forbes. “Heyward Donigan, a longtime healthcare executive, will replace Standley as Rite Aid CEO “effective immediately” and also join the drugstore chain’s board of directors, the company announced Monday.” Read more 44 arrested as anti-ICE protesters take over […]
https://shiftmarketinggroup.net/wp-content/uploads/2018/09/eye_on_retail_logo-2-312h.png00jlonghttps://shiftmarketinggroup.net/wp-content/uploads/2018/09/eye_on_retail_logo-2-312h.pngjlong2019-08-12 08:59:492019-08-12 08:59:49Tipsheet: Amazon Sit-In | Rite Aid New CEO | Forever 21 Seeks Loan
Amazon accused of hiring teenage interns in China factory by Gethin Chamberlain at The Guardian. “Some of the pupils making Amazon’s Alexa-enabled Echo and Echo Dot devices along with Kindles have been required to work for more than two months to supplement staffing levels at the factory during peak production periods, researchers found. More […]
CVS posts big earnings beat, raises full-year forecast at CNBC. “CVS’ pharmacy filled 19% more prescriptions this quarter than in the same period last year. Sales in the front of CVS’ drugstores also rose, mostly thanks to an increase of people buying health products like cough medicine.” Read more Walgreens plans to close […]
Barneys New York has filed for Chapter 11 bankruptcy protection and will close 15 of its 22 stores at USA Today. List/Read more For J.C. Penney CEO, debt haunts turnaround bid at Reuters. “Penney has about $1.75 billion in liquidity in the form of cash and money available under a revolving credit line…That […]
Attack on Texas shoppers to be handled as domestic terrorism at AP. “The attack targeted a Walmart and did not spread to other nearby shopping areas, El Paso police Sgt. Robert Gomez said. Most victims were inside the store. By Sunday evening, all bodies had been removed from the store and the parking lot, […]
Tipsheet: Macy’s Miss | WM Winning Online Groc | Kohl’s/Facebook Team
/in Eye-on-Retail /by jlongMacy’s shares tank 15% as deep discounting leads to big earnings miss, cut forecast at CNBC. “…(comp sales) were up 0.3%, short of expectations for growth of 0.4%…“We took markdowns to clear the excess Spring inventory and are entering the Fall season with the right inventory to meet anticipated customer demand,” (CEO Gennette) added.” […]
Tipsheet: Amazon Sit-In | Rite Aid New CEO | Forever 21 Seeks Loan
/in Eye-on-Retail /by jlongRite Aid Taps Healthcare Executive As New CEO To Replace Standley by Bruce Japsen at Forbes. “Heyward Donigan, a longtime healthcare executive, will replace Standley as Rite Aid CEO “effective immediately” and also join the drugstore chain’s board of directors, the company announced Monday.” Read more 44 arrested as anti-ICE protesters take over […]
Tipsheet: Tome Q&A @ WSJ | WM -Vid Signs | F.Locker +50 ‘Power’ Stores
/in Eye-on-Retail /by jlongAmazon accused of hiring teenage interns in China factory by Gethin Chamberlain at The Guardian. “Some of the pupils making Amazon’s Alexa-enabled Echo and Echo Dot devices along with Kindles have been required to work for more than two months to supplement staffing levels at the factory during peak production periods, researchers found. More […]
Tipsheet: CVS Beats | Wgreens -200 | FedEx -Amazon
/in Eye-on-Retail /by jlongCVS posts big earnings beat, raises full-year forecast at CNBC. “CVS’ pharmacy filled 19% more prescriptions this quarter than in the same period last year. Sales in the front of CVS’ drugstores also rose, mostly thanks to an increase of people buying health products like cough medicine.” Read more Walgreens plans to close […]
Tipsheet: Barneys Bankrupt | Inside Google Lab | NYT Nudges WM
/in Eye-on-Retail /by jlongBarneys New York has filed for Chapter 11 bankruptcy protection and will close 15 of its 22 stores at USA Today. List/Read more For J.C. Penney CEO, debt haunts turnaround bid at Reuters. “Penney has about $1.75 billion in liquidity in the form of cash and money available under a revolving credit line…That […]
Tipsheet: Target’s Newest Incubator | Amazon Pressures WM Sellers | CVS CarePass
/in Eye-on-Retail /by jlongAttack on Texas shoppers to be handled as domestic terrorism at AP. “The attack targeted a Walmart and did not spread to other nearby shopping areas, El Paso police Sgt. Robert Gomez said. Most victims were inside the store. By Sunday evening, all bodies had been removed from the store and the parking lot, […]