JCPenney halves losses, will begin selling used clothing at AP/Yahoo. "Shares of J.C. Penney surged...partnering with thredUP, a resale website where people can buy and sell clothes online. J.C. Penney will open threadUP shop in 30 stores soon...(comp) sales tumbled 9% in the second quarter, or 6% when the impact of the company's exit from major appliance and in-store furniture sales are accounted for." Read more   Tapestry Q4 net sales +2.0%: Coach comp sales +2.0% / Kate Spade comp sales -6.0% Press release   Walmart Canada rolls out nationwide delivery through Instacart at TechCrunch. Read more   Woman [...]

  Walmart’s Q2 earnings and sales top analysts’ estimates at CNBC. "Same-store sales: up 2.8% vs. 2.1% expected...transactions were up 0.6% during the quarter, compared with a 2.7% increase a year ago. The average ticket was up 2.2%, better than a 1.8% increase a year ago...e-commerce sales were up 37% during the quarter, matching growth during the prior quarter." Read more   ...Sam's Club Q2 comp sales +1.2% / Int'l net sales -1.1% Press release   Hy-Vee investigating possible data breach at USA Today. "Hy-Vee is investigating possible security issues with payment processing systems at Hy-Vee fuel pumps, drive-thru coffee [...]

  Macy’s shares tank 15% as deep discounting leads to big earnings miss, cut forecast at CNBC. "...(comp sales) were up 0.3%, short of expectations for growth of 0.4%...“We took markdowns to clear the excess Spring inventory and are entering the Fall season with the right inventory to meet anticipated customer demand,” (CEO Gennette) added." Read more   Walmart tops US online grocery market, with 62% more customers than nearest rival by Sarah Perez at TechCrunch. "The market still has room to grow, as well. Only 12% of U.S. consumers have tried at least one of the grocery services the [...]

  Rite Aid Taps Healthcare Executive As New CEO To Replace Standley by Bruce Japsen at Forbes. "Heyward Donigan, a longtime healthcare executive, will replace Standley as Rite Aid CEO "effective immediately" and also join the drugstore chain's board of directors, the company announced Monday." Read more   44 arrested as anti-ICE protesters take over Amazon store at Fox Business. "Video shows ralliers sitting in at the store, praying and singing songs, including Kol Ha’Olam Kulo, a Hebrew song that urges against giving into fear. Eventually, New York police officers took protesters who refused to leave the premises into custody." [...]

  Amazon accused of hiring teenage interns in China factory by Gethin Chamberlain at The Guardian. "Some of the pupils making Amazon’s Alexa-enabled Echo and Echo Dot devices along with Kindles have been required to work for more than two months to supplement staffing levels at the factory during peak production periods, researchers found. More than 1,000 pupils are employed, aged from 16 to 18." Read more   Police arrest armed man at Walmart in Springfield, Missouri at Ozark First. "According to Lt. Lucas, an off duty fireman who was at the Walmart is to thank in some part for [...]

  CVS posts big earnings beat, raises full-year forecast at CNBC. "CVS’ pharmacy filled 19% more prescriptions this quarter than in the same period last year. Sales in the front of CVS’ drugstores also rose, mostly thanks to an increase of people buying health products like cough medicine." Read more   Walgreens plans to close 200 U.S. stores, according to new SEC filing at USA Today. "The closing stores represent less than 3% of Walgreens nearly 9,600 U.S. stores, Phil Caruso, a Walgreens spokesman, said in a statement to USA TODAY." Read more   FedEx to end ground-delivery deal with [...]

  Barneys New York has filed for Chapter 11 bankruptcy protection and will close 15 of its 22 stores at USA Today. List/Read more   For J.C. Penney CEO, debt haunts turnaround bid at Reuters. "Penney has about $1.75 billion in liquidity in the form of cash and money available under a revolving credit line...That makes Penney’s near-term debt payments manageable. But more than $2 billion comes due in 2023..." Read more   Blue Apron Q2 revenue -34% Press release   Walmart losses in Africa continue, new leadership working on turnaround by Kim Souza at Talk Business. "Massmart will officially [...]

  Attack on Texas shoppers to be handled as domestic terrorism at AP. "The attack targeted a Walmart and did not spread to other nearby shopping areas, El Paso police Sgt. Robert Gomez said. Most victims were inside the store. By Sunday evening, all bodies had been removed from the store and the parking lot, police said." Read more   In the wake of latest massacres, Walmart is pressured to stop selling guns at CNN Business. Read more   CVS targets millennials with Amazon-like membership at CNBC. "CVS announced on Monday its CarePass program will expand nationwide. It had been [...]