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 startup for $112 million by Jason Del Ray at Recode. “Williams-Sonoma has been a client of Outward’s for three years and originally used its technology to allow customers to get a 360-degree view of a piece of furniture on its websites and to easily swap out different color choices.” Read more

 

Shoe Carnival Q3 Comp Sales +4.4% Press release

 

Costco to detail gender pay gap after investor pressure by Jim Hammerand at Puget Sound Business Journal. “About 43 percent of Costco employees are women, the investment firms said, and 53 percent are sales workers. Coscto women make up 3 percent of executive leaders and senior level managers and 31 percent of first- and mid-level managers, they said.” Read more

 

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Ross Stores Q3 Comp Sales +4.0% Press release

 

Walmart adjusts to Jet’s racier product offering by Jen Wieczner at Fortune. “I had some really fun conversations early on—I used to joke with [Walmart’s] head of compliance that the only thing we ever talked about was sex. Because we sell adult products on Jet,” (Liza) Landsman said at Fortune’s Most Powerful Women Next Gen Summitin Laguna Niguel, Calif. “And those are really products that aren’t, pretty much, sold on Walmart.com or in Walmart stores.” Read more

 

Stitch Fix prices IPO of 8 million shares at $15, below expectations at CNBC. “…below its indicated range of $18 and $20. The company had originally planned to sell 10 million shares in the offering.” Read more

 

Kum & Go to Shift Its C-Store Business to McLane Press release

 

Walmart tests deal with Handy: Buy TV, someone will install at CBS. “The test, which started recently in Atlanta only, is a partnership with on-demand online services platform Handy. Shoppers who buy furniture or a TV at the stores participating in the limited pilot program can also pay for Handy’s services and book a professional to help.” Read more

 

Hibbett Sports Q3 Comp Sales -1.3% Press release

 

Office Depot CEO Buys Mansion from Wayne Huizenga Jr. for $6.7 Million by Brian Bandell at South Florida Business Journal. 38 pics

 

Fred’s sheds nearly 90 jobs by Meagan Nichols at Memphis Business Journal. “A source familiar with the situation said the cuts were made across the company’s 13-state footprint and that severance would be provided.” Read more

 

Albertsons Invests in Texas-Based El Rancho Supermercado Press release

 

Amazon quietly launched an app called Relay to go after truck drivers at CNBC. “Relay is Amazon’s first attempt at automating the truck delivery process, which is error-prone due to its reliance on phone calls and paperwork. About 80 percent of cargo in the U.S. is transported via truck.” Read more

 

Apple is giving away free Postmates Unlimited subscriptions by Megan Rose Dickey at TechCrunch. Read more

 

Macy’s Emotional Holiday Ad Tears a Page Out of the U.K. Retailer Playbook by Angela Natividad at Adweek. See the spot

 

It Sure Feels Like Rotten Tomatoes Is Covering For ‘Justice League’ by Paul Tassi at Forbes. “In this case, it seems like bad optics but RT maintains Warner Bros. is not involved, despite their stake in the site. I would argue that this timetable of having the score go live a day or two after embargo is not a great idea generally, and especially so given the context of Justice League.” Read more

 

Tipsheet Extra Stories

Millionaire to install a 800-pound, eight-foot tall Ten Commandments stone tablet inside his mall

See Inside: FedEx’s state-of-the-art packaging lab (50 pics)

Wal-Mart may soon settle bribery allegations, takes $283 million charge Q3

Pa. approves Amazon’s Woot! clothing plant near Norristown

Amazon Uses Tennis for Fresh Attack on Sports Broadcasters

Read Tipsheet Extra Stories

 

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