Tipsheet: 75K Stores Need to Close | Winter Returns | WM Ups Robots

  75,000 more stores need to close across the US, UBS estimates at CNBC. “Assuming online sales’ share of total retail sales in the U.S. grows to 25% by 2026, from 16% today…about 21,000 clothing stores, 10,000 consumer electronics stores, 8,000 home furnishing stores and 1,000 home improvement stores should close, UBS says.” Read more […]

Tipsheet: Lowe’s HQ +600 | McMillon @ CNBC | Barneys Lifeline | D.Tree #9 Brand

  Lowe’s to cut over 200 jobs in Charlotte, relocate hundreds more to nearby HQ by Katherine Peralta at Charlotte Observer. “On Thursday morning, roughly 600 full-time employees at the Lowe’s corporate offices in Wilkesboro were informed that their jobs would be shifting to the retailer’s headquarters in Mooresville, about an hour away. About another […]

Tipsheet: Target Ups Min | CVS Same-Day Rx | Costco #8 Reputable

  Target raises its minimum wage to $13 an hour, with goal of reaching $15 by end of 2020 at CNBC. Read more   Walmart upgrades its baby registry at CNBC. “Online traffic to Walmart’s babies pages is up 30% year over year, according to the retailer…Walmart is adding “thousands” of new baby products online […]

Tipsheet: GameStop -7.6% | Target’s New Furniture | Loblaw Ad Biz

  GameStop Q4 total global sales -7.6% Press release   Loblaw looks to leverage loyalty data with online advertising business by Jake Emiston at Financial Post. “The pilot project, to launch Wednesday, will see Loblaw ask members of its PC Optimum loyalty program agree to become the audience for online ads that Loblaw itself will […]

Tipsheet: CBD Hearing 5/31 | Wgreen Miss | WM/Google Team | Saks Chief Q&A

  Walgreens shares plunge on quarterly earnings miss, weak outlook at Fox Business. “The nation’s largest drugstore chain now expects full-year earnings for 2019 to be roughly flat — compared to its previous guidance of 7 percent to 12 percent growth.” Read more   Weak February US retail sales underscore slowing economy at CNBC. “Retail […]

Tipsheet: No Pay Payless | Target Groc Growth CLT | RH Flat

  H&M shares surge as turnaround gathers pace by Dominic Chopping at MarketWatch. “The Swedish company posted a net profit of 803 million Swedish kronor ($86.4 million) for the quarter ended Feb. 28…beat an analyst forecast by FactSet that pointed to a profit of SEK525 million.” Read more   Dollarama Q4 comp sales +2.6% Press […]