• Tipsheet: Jelinek #28 CEO | Wegmans #10 for Working Parents | Play About Target

    Published On: November 28, 2017Categories: Eye-on-Retail

      Cyber Monday sales set to hit $6.59 billion, the largest ever online sum for a US shopping day at CNBC. "That projection, made by (Adobe) at 10 p.m. ET, would represent an increase of 16.8 percent when compared with the same time last year, Adobe found. The firm measures 80 percent of online transactions from 100 major U.S. retailers." Read more   Wal-Mart and Kroger Get Tough With Food Suppliers on Delays at Wall Street Journal. "Kroger’s Mr. Clark said the company eventually will fine for any shipment that isn’t received on the due day. “If it was an [...]

  • Tipsheet: Amazon Workers ‘Sleep on Feet’ | ‘Fecal Matter’ in Makeup Samples

    Published On: November 27, 2017Categories: Eye-on-Retail

      Blowout Cyber Monday numbers expected at Seeking Alpha. "First Data president Guy Chiarello tells Bloomberg TV that e-commerce traffic was up over 30% Y/Y for the first couple of hours of the shopping event. The strong showing follows the record $5.03B brought in during Black Friday by retailers." Read more   Cyber Monday showdown - Wal-Mart closes in on Amazon in online price war by Nandita Bose at Reuters. "Prices at Walmart.com are now only 0.3 percent more expensive than Amazon on average, according to the study by retail data analytics firm Market Track, which analyzed prices of 213 [...]

  • Tipsheet: Retailer ‘Toxic’ Rankings | Lowe’s +5.7% | D.Tree +3.2%

    Published On: November 21, 2017Categories: Eye-on-Retail

      Lowe's Q3 Comp Sales +5.7% (vs. 4.6% expected) "Hurricane-related sales in the quarter were approximately $200 million. For the nine-month period...comparable sales increased 4.0 percent." Press release   ...CNBC: Lowe's sales top Street expectations, boosted by hurricane-related purchases Read more   ...Lowe's also announced that Chief Operating Officer Rick Damron will retire and be replaced by the president of the company's international business, Richard Maltsbarger, effective Feb. 3. Read more   Dollar Tree Enterprise Q3 Comp Sales +3.2%: Dollar Tree +5.0%, Family Dollar +1.5% Press release   Burlington Q3 Comp Sales +3.1% Press release   Amazon Web Services Announces Secret Cloud Region [...]

  • Tipsheet: Why is B.Buy Selling Barbie? | ‘Virus of Amazon’ | Macy’s Santa Reservation

    Published On: November 20, 2017Categories: Eye-on-Retail

      In this year's holiday twist, Best Buy is selling Barbies and J.C. Penney has TVs by Kavita Kumar at Star Tribune. "It’s still a small category for us, but it’s a fast-growing category,” said CEO Hubert Joly. “We are clearly known as a destination for entertainment, including gaming and movies — and toys are a natural extension of that.” Read more (tiered subs.)   This Amazon seller lost $400,000 in sales after being attacked by self-proclaimed 'virus of Amazon' at CNBC. "In one text message to Damavandi, a person purporting to represent Krasr called himself the "virus of Amazon" [...]

  • Tipsheet: F.Locker -3.7% | O.Dep CEO Buys Manse | Hibbett -1.3%

    Published On: November 17, 2017Categories: Eye-on-Retail

      Foot Locker Q3 Comp Sales -3.7% Press release   ...Fox Business: Foot Locker beats Street 3Q forecasts "Earnings, adjusted for non-recurring costs, came to 87 cents per share...The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share." Read more   Gap Q3 Comp Sales +3.0% Press release ...By Concept: Old Navy +4.0%, Gap +1.0%, Banana Republic -1.0%   Williams-Sonoma Q3 Comp Brand Revenue +3.3% Press release ...By Concept: Pottery Barn -0.3%, Williams-Sonoma +2.3%, West Elm +11.5%, Pottery Barn Kids +0.1%, PBteen +3.0%   ...Williams-Sonoma is buying a 3-D imaging and augmented reality [...]

  • Tipsheet: Sam’s +2.8% | B.Buy +4.4% | Target +Taylor | Ace +7.1% | WM +2.7%

    Published On: November 16, 2017Categories: Eye-on-Retail

      Walmart Q3 Comp Sales +2.7% "Total revenue was $123.2 billion, an increase of $5.0 billion, or 4.2%...comp traffic increased 1.5%...eCommerce growth increased 50%." Press release   ...Sam's Club Q3 Comp Sales +2.8%, Traffic +3.6% Press release   ...CNBC: Wal-Mart's earnings, sales top Street expectations, sending shares higher "We expect top line growth going forward to be led more by comp sales and eCommerce with less emphasis on new units in the U.S.," Chief Financial Officer Brett Biggs said on a pre-recorded conference call. "We're prioritizing eCommerce, technology, supply chain and store remodels over new stores and clubs." Read more [...]

  • Tipsheet: H.Dep Crushes Street | WM Likes Lord & Taylor | Shoppers Drug Likes Cannabis

    Published On: November 14, 2017Categories: Eye-on-Retail

      Home Depot Q3 Comp Sales +7.9% "...the Company lifted its fiscal 2017 sales growth guidance and now expects sales will be up approximately 6.3 percent and comp sales will be up approximately 6.5 percent." Press release   ...CNBC: Home Depot same-store sales crush Wall Street estimates "Revenue was $25.03 billion, versus an estimate of $24.55 billion. Same-store sales climbed 7.9 percent, compared with an anticipated increase of 5.8 percent." Read more   Wal-Mart strikes deal with Lord & Taylor at CNBC. "The big-box retailer announced Monday it has partnered with Lord & Taylor to create an online "flagship store" for [...]

  • Tipsheet: Mall of America Stabbing | WM Online Prices Higher | Worker @ Costco Can Sit

    Published On: November 13, 2017Categories: Eye-on-Retail

      Multiple people stabbed at Mall of America in botched robbery by Chris Perez at NY Post. "It happened around 6:45 p.m. (Sunday) in the men’s department of Macy’s, which is not far from the mall’s Santa Experience. What started as simple robbery attempt quickly escalated into a violent, multi-victim incident after the would-be thief was caught stealing from two men inside a fitting room." Read more   Now Featured on Wal-Mart’s Website: Higher Prices Than Stores by Sarah Nassauer at Wall Street Journal. "The higher online prices are part of Wal-Mart’s efforts to nudge more customers into stores as well [...]

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