Daily Headlines

May 21, 2019
Dillard’s Q1 comp sales flat
2019 Fortune 500 (Walmart #1, Amazon #5, CVS #8, Costco #14)
Instacart and Whole Foods officially part ways
Macy’s Q1 comp sales +0.6% owned / +0.7% owned + licensed
The world’s 20 fastest growing retailers (Wayfair #2, Duluth Trading #8)
Online Luggage Retailer Away Lands $1.4 Billion Valuation as It Plots Expansion (WSJ subs.)
Katie Roof at Wall Street Journal
Petco offering a free upgrade to artificial-free pet food
Kelly Tyko at USA Today
Jeff Bezos moves some earth to break ground on new $1.5B Amazon Prime Air hub near Cincinnati
Kurt Schlosser at GeekWire
Alibaba invests about $635M in Red Star Macalline, one of China’s largest furniture sellers
Catherine Shu at TechCrunch
What do Google Chrome’s new privacy customization options mean for retailers?
Katie Evans at Bloomberg via Internet Retailer
Walmart International CEO Says It’s Moving On After a Major U.K. Setback
Phil Wahba at Fortune
Trader Joe’s opening first South Side Chicago location in Hyde Park
Crain's Chicago Business
Ex-Family Dollar CFO Takes Charge for Now at Bed Bath & Beyond
Amazon is rolling out machines to automate a job held by thousands of its workers: boxing up customer orders
Teens Smuggle Burner Phones to Defy Parents (WSJ subs.)
Julie Jargon at Wall Street Journal
Walmart Thursday Earnings Call: Wall Street expects comp sales of 3.1% overall with Walmart U.S. producing comp sales growth of 3.4%.
U.S. retailers revamp loyalty schemes for Amazon era
Amazon employees who quit their jobs to start their own package delivery companies will be eligible for up to $10K & three months pay
Petco to Open First In-Store Health and Wellness Kitchen for Dogs in NYC
NBC 7 San Diego
The two-year quest to rebrand Ikea for the digital age
Katharine Schwab at Fast Company
Doug McMillon speaks at Arkansas’s 2019 Stock Market Game luncheon
Arkansas Business
Mother’s Day spending estimated to reach record of $25 billion, up 8.22%
Kim Souza at Talk Business