Target hires former Bleacher Report exec for secret ‘Goldfish’ project by Katharine Grayson at Minneapolis/St.Paul Business Journal. “Target Corp. has hired the former chief technology officer of sports news website Bleacher Report to play a leadership role at its top-secret “Goldfish” project. Target Entrepreneur-In-Residence West Stringfellow welcomed Sam Parnell in a LinkedIn post Wednesday.” Read more

 

Wal-Mart targets new sales of up to $60 billion by 2019: CEO via Reuters. “So sometimes people say Walmart is not really a growth company any more. I want to say: ‘Well, if we layer on $50 to $60 billion, would that count, in three years?” Doug McMillon told delegates at the Consumer Goods Forum conference in Cape Town.” Read more

 

Private equity firms lined up to bid on gun retailer Cabela’s by Josh Kosman at NY Post. “Apax Partners and TPG Capital are each meeting Cabela’s management as part of an auction for the 82-store chain, sources close to the situation said.” Read more

 

Nordstrom postpones an e-commerce fulfillment center by Matt Linder at Internet Retailer. “We were exploring a West Coast fulfillment center and had not selected a city,” a Nordstrom spokesman wrote in an email, noting that that retailer was “only in the discussion phase.” He declined to provide further detail.” Read more

 

Walgreens pulls sponsorship of GOP and Dem conventions by Harper Neidig at The Hill. Read more

 

**A message from 2016 Sweets & Snacks Expo –The Expo set a new attendance record with 17,000+ industry professionals from 90+ countries! Attendees represented 80% of the buying power in the candy category and 75% of the buying power in the snack category. Hershey’s Reese’s Pieces Peanut Butter Cups received Best-In-Show new product award. See the post-show highlights. The 2017 Sweets & Snacks Expo is nearly 90% sold out and will take place May 23-25 at Chicago’s McCormick Place. See 2016 Expo Instagram pics #SSE16

 

Brocery Shopping With Dad This Father’s Day by Serena Elavia at Fox Business. “Young dads (18-24) hit the grocery store more than any other age groups of dads. Ibotta’s research shows that the most growth in brocery shopping is millennial dads (25-34), a 62% increase over the last three years.” Read more

 

Lumber Liquidators Dodges Mandatory Recall In Flooring Row by Kurt Orzeck at Law 360. “The U.S. Consumer Product Safety Commission on Thursday said Lumber Liquidators Inc. wouldn’t resume sales of allegedly hazardous laminate wood flooring and that there wouldn’t be a mandatory recall, after the company recently paid $26 million to settle related shareholder and derivative suits.” Read more (subscription)

 

Philadelphia is first big city in nation to enact soda tax by Tricia Nadolny at Philly Inquirer. Read more

 

Jeff Bezos’ Blue Origin delays spaceship test due to bad O-ring by Alan Boyle at GeekWire. “It’s now scheduled to lift off from the company’s West Texas launch facility on Sunday, Bezos said today in a tweet.” Read more

 

Goldman Sachs: Ralph Lauren, Nike best positioned for e-commerce by Ivan Levingston at CNBC. “On the other hand, he told CNBC’s “Squawk on the Street” on Thursday that companies like Kohl’s sell products he considers closer to commodities, and face challenges in the e-commerce marketplace. “Those are all things that can be sold by Amazon,” Terry said.” Read more

 

Panel: Retailers aren’t impressing women with social, in-app shopping by Alison Kanski at PR Week. “Only 9% of respondents had used a retailer’s app to make a purchase, according to the research. “Women would rather give up sex or wearing makeup for a month than make purchases on social media,” said WE New York MD Alyssa Garnick.” Read more

 

Amazon makes amends to a seller and relists her ‘cereal killer’ bowl by Matt Linder at Internet Retailer. “Amazon tweeted a picture of the bowl with “#Guilty” and a link to the bowl just hours after a gunman killed 49 people inside Pulse nightclub in Orlando early Sunday. Amazon deleted the tweet about an hour after it was sent and after dozens of Twitter users criticized Amazon for its poor timing.” Read more

 

Nielsen Extends Contract With Meijer As Sole Analytics Provider Read the release

 

Tipsheet Extra Stories

Cam Newton helps Target shoppers with Father’s Day gifts

In The Graveyard Of American Malls, this Retailer Is Reimagining The Brick-And-Mortar Store

Porch’s chief customer officer finds a home in Seattle

Report: What Do Shoppers Think about Walmart’s Superstore of the Future?

ShipBob raises $4 million to help small retailers ship goods like Amazon Prime

Read Tipsheet Extra Stories

 

QUICK-SUBSCRIBE to Eye on Retail Tipsheet here