Tipsheet: CVS Front -2.1% | Wmart Heirs Invest | Wayfair +43%
CVS Q2 Comp Sales: Front -2.1%, Pharmacy -2.8% Press release ...CVS Health tops 2Q forecasts, narrows 2017 guidance by Tom Murphy at Fox Business. "Overall, CVS Health's second-quarter earnings of $1.1 billion rose 19 percent compared to last year's quarter, when the company booked a $542 million loss on the early retirement of some debt." Read more Wal-Mart, insurers settle lawsuits over 2014 Tracy Morgan crash by Jonathan Stempel at Reuters. "Terms of the settlement are confidential, and both sides agreed not to bring their claims again...Wal-Mart's payouts to Morgan and Fuqua have not been disclosed, but [...]
Tipsheet: Secret Food Spies | Police Boycott Dunkin | Boxed Shops @ Costco
Boxed buys from rival Costco before hiking prices for delivery by Lisa Fickenscher at NY Post. "Boxed is offering the fresh food service in New York City, Atlanta, Boston and many areas of New Jersey...The grocery service will likely be rolled out next in Dallas or Las Vegas." Read more Tulsa tornado takes out PetSmart sign and causes widespread damage at Tulsa World. Pics Inside the Secret World of Global Food Spies at Bloomberg. "A bowl of ice cream on a hot day in Shanghai gave American Mitchell Weinberg the worst bout of food poisoning he can recall. It [...]
Lowe’s Cuts | Aldi Yanks Eggs | Bezos Buys in B.Hills
Lowe’s is cutting more jobs by Katherine Peralta at Charlotte Observer. "The home-improvement retailer confirmed Thursday that it is laying off an undisclosed number of delivery workers nationwide as the company shifts to a third-party delivery service." Read more Aldi yanks eggs in Germany amid pesticide scare by Mike Corder at AP via Fox Business. "Aldi and rival Lidl had already taken eggs from farms under suspicion of Fipronil contamination off the shelves. Two other German supermarket chains, Rewe and Penny, have stopped selling all Dutch eggs." Read more Early warning signs point to a slowdown in [...]
Tipsheet: Cabela’s -9.3% | Rite Aid Bear | WM Joins Chemical Project | C.Store -1.2%
Wal-Mart Puts Chemicals in Spotlight by Joining New Program by Lauren Coleman-Lochner & Taylor Cromwell at Bloomberg. "Walmart is participating in the Chemical Footprint Project, which seeks to help companies root out dangerous substances from the products they sell. Two dozen companies have joined the effort, including Johnson & Johnson, HP Inc. and Staples Inc., according to a report on Wednesday. The idea was to create a standard modeled on carbon-footprint scores." Read more Thousands show up for jobs at Amazon warehouses in US cities via CNBC. "Amazon said it received "a record-breaking 20,000 applications" and hired thousands of people on the spot, and will [...]
Tipsheet: Brotman Death ‘A Complete Shock’ | WM/Suppliers Face Off | Boxed CEO @ CNBC
Death of Costco co-founder Jeff Brotman, 74, ‘a complete shock’ by Janet I. Tu at Seattle Times. "Mr. Brotman, 74, died in his sleep at his home in Medina, said his brother, Michel Brotman. The cause of death wasn’t immediately known. “We assume his heart just stopped working,” Michel Brotman said. He said that on Monday night, Mr. Brotman had attended a dinner for about 2,000 Costco warehouse managers from around the world who are gathered this week at the Washington State Convention Center." Read more ...Jeff Brotman is the older son of Bernie and Pearl Brotman...Bernie Brotman [...]
Tipsheet: GameStop Open Tgiving | Costco Wine Test | Saks Heat | Joly’s Monks
GameStop Stores Will Stay Open This Thanksgiving, Breaking a Three-Year Policy by Joseph Hincks at Fortune. "The video game retailer announced the changes in a conference call Monday, gaming website Kotaku reports, citing two company staff who joined the call." Read more COSTCO KIRKLAND WINE TASTE TEST - Critic: "In general, they’re drinkable but pretty simple and a bit dull." by Elin McCoy at Bloomberg. Read more Amazon is launching a home improvement show using YouTube stars to sell stuff by Monica Nickelsburg at GeekWire. "Overhaul” debuts in September in a special hub on Amazon.com, according to Business Insider. [...]
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