Today’s Tipsheet: Amazon’s “No Drama” Shareholders Meeting | Dollar Tree Up | Sears Down

  “The Rise of Virtual Brick-and-Mortars” by Jeffrey Rayport at HBR.  “UK-based retailer, Tesco, has launched an array of “virtual” stores designed to sell products with no merchandise. The world’s first virtual store was a Tesco Homeplus opened in the Seoul Subway in August 2011. This wasn’t really a store: it was a wall that […]

Today’s Tipsheet: Lowe’s Resets + Weather = Perfect Storm | Target’s Weather Excuse | Walmart Hires Image Maker

  “Wall Street pours cold water on Target’s weather excuses” by Thomas Lee at Star-Tribune.  ““Weather does not even make up [a quarter] of their sales decline,” said Robin Lewis, CEO of the Robin Report, a retail strategy newsletter.  The Minneapolis-based retailer said sales at stores open for at least a year dropped 0.6 percent […]

Today’s Tipsheet: Lowe’s Soggy Sales | H.Depot Earnings Call Highlights | Why Target Ditched Amazon

  “Lowe’s Earnings Miss as Cool Weather Damps Sales” at CNBC.  ” “Cooler-than-normal temperatures and greater precipitation resulted in a delayed spring selling season, which impacted our results in exterior categories,” Robert A. Niblock, Lowe’s chairman, president, and CEO, said in a statement. “While overall performance in the month of March was particularly soft, April […]

Today’s Tipsheet: Home Depot US Comps +4.8% | Best Buy Short on Revenue

  “Home Depot Announces Q1 Results; U.S. Comp Sales +4.8%” at MSN Money.  “The Home Depot®, the world’s largest home improvement retailer, today reported sales of $19.1 billion for the first quarter of fiscal 2013, a 7.4 percent increase from the first quarter of fiscal 2012…The Home Depot will conduct a conference call today at […]

Today’s Tipsheet: Top Walmart Merchants in Rare Panel | Walgreens Mobile Strategy Revealed

  “Wal-Mart’s top merchandisers share insights” by Kim Souza at The City Wire.  “In a rare panel discussion held Thursday (May 16), four senior management merchandisers for Walmart U.S. spoke candidly about the importance of communication in the busiest company on the planet…Buchanan added that for his team, localization means figuring out what the customers […]

5/17/13 Tipsheet: Fallout From Walmart Q1 Call | Target Tests Movie Streaming Service

  “Walmart Disappoints But Stays Course on Price Ads and Ecommerce” by Jack Neff at Ad Age.  “But executives pointed to things they said are producing positive results, including aggressive pricing, particularly on groceries, backed by local market-basket price-comparison ads on TV and radio that U.S. CEO Bill Simon said will now expand to 70% […]