“Rona CEO Warns of Retail “Bloodbath” in Canada” by Marina Strauss at Globe & Mail. ““In Ontario, it’s a bloodbath for every retailer,” Robert Sawyer, chief executive officer of home-improvement retailer Rona Inc., said at a conference Tuesday in Toronto, organized by Bank of Nova Scotia. “It’s difficult, not only for the hardware business.” […]
“Walmart’s Cheap Beer Barely Covers Cost” by Minsi Chung and Renee Dudley at Businessweek. “The markup on a 36-pack of Coors Light cans at a Los-Angeles-area store was 0.6 percent, compared with 16.2 percent for a package of Flaming Hot Cheetos, according to internal documents reviewed by Bloomberg. Companies typically don’t release information about markups […]
“At Target, shoppers scramble for 3.1 Phillip Lim bags” by Tiffany Hsu at LA Times. “Shoppers quickly swooped in to a tight circle around the pile, hovering, agitated, as workers loaded the purses on the display and barked at those who got too close. As soon as the OK was given, fashionistas by the […]
“Breaking: Retail sales fall short, up 0.2 percent in August” at CNBC.” “U.S. retail sales rose less than expected in August even as demand increased for automobiles and other big-ticket items, the latest sign that economic growth slowed in the third quarter. The Commerce Department said on Friday retail sales increased 0.2 percent last […]
“Wal-Mart Stores’ CEO Presents at 20th Annual Goldman Sachs Global Retailing Conference” Read the Transcript (Via Seeking Alpha) See the PowerPoint / Hear the Webcast “Highlights from Wal-Mart Presentation at Goldman Sachs Retail Conference” by Kim Souza at City Wire. “Wal-Mart also is using more stores to fill online orders, after piloting that program […]
“Home Depot Is Accused of Shaking Down Suspected Shoplifters” by Susan Berfield at Businessweek. “Jimin Chen received two worrisome letters this summer. Both came from a law firm hired by Home Depot. The first demanded payment of $350 to settle claims that he shoplifted from a California store. According to Chen, in early June […]
Wednesday’s Eye-on-Retail Tipsheet: Retail ‘Bloodbath’ in Canada | Target likes PR | Walgreen Kicks Employees to Obamacare
/in Eye-on-Retail“Rona CEO Warns of Retail “Bloodbath” in Canada” by Marina Strauss at Globe & Mail. ““In Ontario, it’s a bloodbath for every retailer,” Robert Sawyer, chief executive officer of home-improvement retailer Rona Inc., said at a conference Tuesday in Toronto, organized by Bank of Nova Scotia. “It’s difficult, not only for the hardware business.” […]
Tuesday’s Eye-on-Retail Tipsheet: Wmart’s Cheap Beer | Target Opens in Quebec | REI Ends ‘Happy Returns’
/in Eye-on-Retail“Walmart’s Cheap Beer Barely Covers Cost” by Minsi Chung and Renee Dudley at Businessweek. “The markup on a 36-pack of Coors Light cans at a Los-Angeles-area store was 0.6 percent, compared with 16.2 percent for a package of Flaming Hot Cheetos, according to internal documents reviewed by Bloomberg. Companies typically don’t release information about markups […]
Monday’s Eye-on-Retail Tipsheet: ‘Painful’ scramble at Target | H.Depot CEO Demos Products | Wmart & Instagram
/in Eye-on-Retail“At Target, shoppers scramble for 3.1 Phillip Lim bags” by Tiffany Hsu at LA Times. “Shoppers quickly swooped in to a tight circle around the pile, hovering, agitated, as workers loaded the purses on the display and barked at those who got too close. As soon as the OK was given, fashionistas by the […]
Friday’s Eye-on-Retail Tipsheet: Kroger Comps Up 3.3% | Wmart’s Sustainability Mtg | DC Kills Wage Bill
/in Eye-on-Retail“Breaking: Retail sales fall short, up 0.2 percent in August” at CNBC.” “U.S. retail sales rose less than expected in August even as demand increased for automobiles and other big-ticket items, the latest sign that economic growth slowed in the third quarter. The Commerce Department said on Friday retail sales increased 0.2 percent last […]
Thursday’s Eye-on-Retail Tipsheet: H.Depot, Wmart & Lowe’s @ G.Sachs Conf. | Target’s ‘little impact’ in Can.
/in Eye-on-Retail“Wal-Mart Stores’ CEO Presents at 20th Annual Goldman Sachs Global Retailing Conference” Read the Transcript (Via Seeking Alpha) See the PowerPoint / Hear the Webcast “Highlights from Wal-Mart Presentation at Goldman Sachs Retail Conference” by Kim Souza at City Wire. “Wal-Mart also is using more stores to fill online orders, after piloting that program […]
Wednesday’s Eye-on-Retail Tipsheet: H.Depot ‘Shake Down’ | Wgreen Adds 76 Stores | Wmart Sells 362 Restaurants
/in Eye-on-Retail“Home Depot Is Accused of Shaking Down Suspected Shoplifters” by Susan Berfield at Businessweek. “Jimin Chen received two worrisome letters this summer. Both came from a law firm hired by Home Depot. The first demanded payment of $350 to settle claims that he shoplifted from a California store. According to Chen, in early June […]