New Best Buy CEO takes the helm Tuesday at CNBC. "Corie Barry is a former chief financial officer for Best Buy, and she has also played key roles in overseeing strategy and operations...Joly will take on a newly created role, executive chairman, and will continue to advise Barry and other executives in an array of areas, including strategy and mergers and acquisitions." Read more   Neiman Marcus Q3 comp sales -1.5% "During the quarter, the Company reported a net loss of $31.2 million compared with a net loss of $19.9 million for the third quarter of fiscal year 2018." [...]

  Chico's Inc. Q1 comp sales -7.0%. By brand: Chico's -7.8% / White House Black Market -10.0% / Soma +3.4% Press release   Amazon's new rewards card targets those with bad credit by Sarah Perez at TechCrunch. "To pay off purchases, the card is unique in that it allows customers to either choose to make 12 months of equal payments or 6/12/24-month 0% periods for select purchases." Read more   HD Supply Q1 organic growth +5.8% Press release   Target expands childcare and paid family leave benefits at CNN. "Starting this fall, Target workers will receive 20 days of backup [...]

  Walmart is going to start delivering groceries inside shoppers’ homes at CNBC. "It will first test this option in three cities: Kansas City, Missouri, Pittsburgh and Vero Beach, Florida. It said it will “learn and scale” in-home delivery from there." Read more   U.S. adds 75,000 jobs in May - slows sharply; wage gains moderate at Reuters. Read more   Jeff Bezos explains Amazon’s bet on Project Kuiper satellites — and copes with an onstage protest by Alan Boyle at GeekWire. "The protester got within a few yards of where the world’s richest individual was sitting, but in less [...]

  Michaels Q1 comp sales -2.9% Press release   Stitch Fix spikes after beating earnings and revenue expectations by Ashley Turner at CNBC. "Its active clients — people who received a box of clothing in the preceding 12-month period — came in at 3.1 million, an increase of 17% year over year." Read more   Amazon Prime Air drones will start delivering packages ‘within months’ by Alan Boyle at GeekWire. "We right now do have permission to do testing in a couple of locations in the United States with the FAA,” Wilke told GeekWire. “But our objective is to have [...]

  U.S. private sector adds fewest jobs in May since 2010: ADP at Reuters. "U.S. private employers added 27,000 jobs in May, well below economists’ expectations and the smallest monthly gain in more than nine years, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 180,000 jobs..." Read more   American Eagle Outfitters Q1 comp sales +6.0% "By brand, American Eagle’s comparable sales increased 4%, following a 4% increase last year. Aerie’s comparable sales increased 14%, building on a 38% increase last year." Press [...]

  Tiffany Q1 comp sales -5.0% (Worldwide & Americas) Press release   Sephora will close all locations Wednesday to hold diversity training for its staff after R&B singer SZA accused the store of racial profiling at CNN. Read more   Walmart to woo high school students with free test prep, debt-free college by Julia La Roche at Yahoo Finance. "Walmart partnered with Guild Education...Degrees were initially offered from three universities — University of Florida, Brandman, and Bellevue University...On Tuesday, the program added Southern New Hampshire University, Purdue University Global, and Wilmington University to its suite of schools." Read more   [...]