Today’s Tipsheet: Costco Profit Up | H. Depot’s CEO Speaks | Harris Poll Top Retailers

  “Low Prices Help Costco’s Quarterly Profit Rise ” at CNBC.  “Costco Wholesale reported third-quarter profit just above analysts’ estimates, as its low prices for food and gasoline appealed to shoppers…Total sales at stores open at least a year, or same-store sales, rose 5 percent.”  Read more:  https://www.cnbc.com/id/100770469   “Costco Wholesale Corporation Reports Third Quarter and […]

Today’s Tipsheet: Bi-Lo Buys Grocery Chains | Ace in Afghanistan | Walmart’s Pesky Protesters

  “Walmart.com hires a VP of marketing” by Thad Reuter at Internet Retailer.  “Wal-Mart Stores Inc. has hired Brian Monahan as vice president of marketing for Walmart.com. He starts his job today and reports to Joel Anderson, president and CEO of Walmart.com U.S.Walmart.com is No. 4 in the new Internet Retailer Top 500 Guide.”  Read […]

Today’s Tipsheet: Walmart’s Green Dots | Target’s Budget Bridal Line | H.Depot’s “Fun” Shareholder Mtg

  “Wal-Mart Plasters Stores With Green Dots to Stay Stocked” by Renee Dudley at Businessweek.  “In April, Acosta Inc., a Jacksonville, Florida-based consulting firm, began the green-dot program in Wal-Mart’s U.S. stores after previously conducting shelf audits without telling workers what items would be monitored.”  Read more:  https://www.businessweek.com/news/2013-05-24/wal-mart-plasters-stores-with-green-dots-to-stay-stocked-retail   “Say ‘I Do’ in Target’s Budget […]

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 […]