Home Depot’s Marvin Ellison Leaves for J.C. Penney: “I couldn’t pass it up” by Maria Halkias at Dallas Star. “Ellison, 49, will start Nov. 1 but doesn’t become CEO until August. At that point, Ullman, 68, will stay on as executive chairman for a full year. In an interview Monday, Ellison called Penney […]
“Target tries new, bigger strategy for Boston store” by Taryn Luna at Boston Globe. “Target is coming to the Fenway area next year with its own urban-concept store called “CityTarget,” the retailer’s first on the East Coast. But this location will actually be bigger…The CityTarget that will occupy four floors in a building under […]
“Family Dollar net income plummets 66% in Q4” by Jennifer Thomas at Charlotte Bus. Journal. “From a financial standpoint, fiscal 2014 was one of the most difficult years in our company’s history,” Family Dollar Chairman and CEO Howard Levine said during a conference call on the retailer’s earnings late Thursday afternoon.” Read more […]
“Wal-Mart realigns small-store format management, adjusting ‘on the fly’” by Kim Souza at The City Wire. “(Mike Moore) said the team is lean with five senior vice presidents that report to him with specific duties. The team, which had its first meeting this week, are: Larry Mahoney – logistics; Marc Lieberman – vice president of […]
“Costco Q4 Comp Sales Jump 6%” “Net sales for the fourth quarter were $34.75 billion, an increase of nine percent from $31.77 billion in fiscal 2013. Net sales for the fiscal year were $110.21 billion, an increase of seven percent from $102.87 billion last year.” Read the release “Costco Beats Street – Q4 […]
“Curbside Powers Same-Day Pickup at Target, Raises $8 Million” by Liz Gannes at Recode. “That’s the premise of Curbside, a startup that’s officially launching today with significant funding and a beta test with 10 San Francisco Bay Area Target stores…Under Curbside’s current business model, retailers pay Curbside a customer acquisition fee. Customers pay neither […]
Tuesday Tipsheet: Marvin Ellison Congrats | Costco in China | Dick’s Adding 4
/in Eye-on-RetailHome Depot’s Marvin Ellison Leaves for J.C. Penney: “I couldn’t pass it up” by Maria Halkias at Dallas Star. “Ellison, 49, will start Nov. 1 but doesn’t become CEO until August. At that point, Ullman, 68, will stay on as executive chairman for a full year. In an interview Monday, Ellison called Penney […]
Monday Tipsheet: CityTarget Goes Big | Costco Wine Buyer Iview | H.Depot Asia Mtg
/in Eye-on-Retail“Target tries new, bigger strategy for Boston store” by Taryn Luna at Boston Globe. “Target is coming to the Fenway area next year with its own urban-concept store called “CityTarget,” the retailer’s first on the East Coast. But this location will actually be bigger…The CityTarget that will occupy four floors in a building under […]
Friday Tipsheet: F.Dol. Downer | Wgreen CTO | Macy’s Memo | Dick’s Letter
/in Eye-on-Retail“Family Dollar net income plummets 66% in Q4” by Jennifer Thomas at Charlotte Bus. Journal. “From a financial standpoint, fiscal 2014 was one of the most difficult years in our company’s history,” Family Dollar Chairman and CEO Howard Levine said during a conference call on the retailer’s earnings late Thursday afternoon.” Read more […]
Thursday Tipsheet: Wmart Realigns | Costco Call Highlights | Target’s Ramsey Downplays Apple Pay
/in Eye-on-Retail“Wal-Mart realigns small-store format management, adjusting ‘on the fly’” by Kim Souza at The City Wire. “(Mike Moore) said the team is lean with five senior vice presidents that report to him with specific duties. The team, which had its first meeting this week, are: Larry Mahoney – logistics; Marc Lieberman – vice president of […]
Wednesday Tipsheet: Costco Q4 Comp +6% | FTC/F.Dol. on Friday | N.Marcus’ Fantasy Gifts
/in Eye-on-Retail“Costco Q4 Comp Sales Jump 6%” “Net sales for the fourth quarter were $34.75 billion, an increase of nine percent from $31.77 billion in fiscal 2013. Net sales for the fiscal year were $110.21 billion, an increase of seven percent from $102.87 billion last year.” Read the release “Costco Beats Street – Q4 […]
Tuesday Tipsheet: ‘Curbside’ Pickup at Target | iPAD #1 Brand w/Kids | 8-11% Holiday Online Growth
/in Eye-on-Retail“Curbside Powers Same-Day Pickup at Target, Raises $8 Million” by Liz Gannes at Recode. “That’s the premise of Curbside, a startup that’s officially launching today with significant funding and a beta test with 10 San Francisco Bay Area Target stores…Under Curbside’s current business model, retailers pay Curbside a customer acquisition fee. Customers pay neither […]