Thursday Tipsheet: Rite-Aid Q1 Comp Flat | Lowe’s Sniffing NYC for Urban Stores

  “Rite-Aid: Q1 Front-End Comp Sales Flat”  “The company reported revenues of $6.5 billion, net income of $41.4 million or $0.04 per diluted share, and Adjusted EBITDA of $282.6 million…Same store sales for the quarter increased 3.1 percent over the prior year. Front-end same store sales were flat compared to the prior-year period while pharmacy […]

Wednesday Tipsheet: Jay Z Coming to Wgreens | Amazon’s Secretive Lab | 8 Cities w/out Wmart

  “Jay Z and Mariah Carey, Coming to a Walgreens Near You” by Zack O’Malley Greenburg.  “The partnership stems from a meeting (former Def Jam chief Kevin) Liles had with executives from Walgreens. They were talking about foot traffic and demographics…Liles asked for a list of the company’s best-selling product categories, and discovered that the […]

Tuesday Tipsheet: @WalmartLabs Grabs Stylr | Target’s Mea Culpa Video | Inside Amazon’s Phoenix FC

  “Target Canada employees issue mea culpa in new video” by Hollie Shaw at Financial Post.  “A company video shared in social media by president Mark Schindele carries an apologetic tone and a commitment to turn things around…“Certainly, we think that we have disappointed our Canadian guests,” says Damien Liddle, senior corporate counsel, echoing a promise to […]

Monday Tipsheet: Target Glitch = Long Lines | Hillary at Costco | CA ‘safety warning’ on Soda?

  “Target Hit with Register ‘Glitch’ and Long Lines on Sunday” by Kavita Kumar at Star-Tribune.  “Customers around the country took to social media Sunday night reporting long check-out lines due to ­registers not working.  Target did not elaborate on the exact problem or problems, but said it would provide updates as they became available. […]

Friday Tipsheet: 8 Worst Things @ T.Joe’s | Lowe’s Lab | Target Mtg: 1 Stroller

  “Whole Foods’ CFO dishes on the early days” by Colleen Leahey at Fortune.  “What was the atmosphere like when you first started? We were just about to open stores seven and eight [Richardson, TX, and Palo Alto, CA], so the company was very small. [Co-founder] John Mackey actually did the financial plan on a spreadsheet […]

Thursday Tipsheet: Lowe’s New ‘Holoroom’ | Target’s Quick Mtg | Rest. Hard. Shines

  “Amazon to take on Angie’s List/Home Depot/Lowe’s by connecting patrons with service providers” by Deepa Seetharaman at Reuters via Columbus Dispatch.  “Amazon.com Inc. plans to launch a marketplace this year for local services, a broad term that encompasses anything from baby sitters to handymen, people familiar with the matter said…at least one of the […]