Daily Headlines

February 24, 2020
U.S. homebuilding fell less than expected in January while permits surged to a near 13-year high
Bed Bath & Beyond Boss Tries to Declutter Stores (WSJ subs.)
Wall Street Journal
Grocers Wrest Control of Shelf Space From Struggling Food Giants (WSJ subs.)
Groupon Says It Will No Longer Sell Stuff, Shift Focus To Experiences
Krebs: Encoding Stolen Credit Card Data on Barcodes
Krebs on Security
Walmart CEO Doug McMillon wants to crack the code on apparel and home goods
…CNBC’s full interview with Walmart CEO Doug McMillon on fourth-quarter earnings
Walmart employees say they’re preparing for job cuts as retailer rolls out its ‘Great Workplace’ program
Washington Post
Issa Rae of HBO’s ‘Insecure’ at Target HQ for standing-room-only event
Kavita Kumar at Star Tribune
Belk eliminates 80 positions at corporate office
Charlotte Observer
Fortune’s 100 Best Companies to Work For (Wegmans #3, Publix #39, REI #60, Sheetz #80)
Bed Bath & Beyond agrees to sell online retailer PersonalizationMall.com to 1-800-Flowers.com for $252 million
Fox Business
Amazon Changes the Way It Recruits M.B.A.s (WSJ subs.)
Wall Street Journal
Warren Buffett buys $500M / 2.3% stake in Kroger
Cincinnati Enquirer
Blue Apron is considering selling itself
TechCrunch
Kroger CEO Rodney McMullen Appointed to American Heart Association CEO Roundtable
How H-E-B helped reduce utility company’s request for electricity price hike
L.M. Sixel at Houston Chronicle
Canadian Tire Q4 comp sales +4.8%
Stores and Shoppers Agree: Self-Checkout Is Hard (WSJ subs.)
Sarah Nassauer at Wall Street Journal
Wayfair is cutting 550 jobs
Ace Hardware Q4 comp sales +2.1%
Apple expands ‘Quick Look’ to let retailers sell things directly in augmented reality
TechCrunch