Nordstrom Q2 Comp Sales +4.0% / Digital Sales +23% Press release

 

…CNBC: Nordstrom shares soar 10% on earnings beat “(Comp sales) were up 4 percent overall, far surpassing the increase of 0.8 percent that analysts had forecast. That consisted of same-store sales growth of 4.1 percent at Nordstrom’s full-price locations, and an increase of 4 percent at Nordstrom Rack.” Read more

 

…Wall Street Journal: Nordstrom Deserves Better by Elizabeth Winkler. Subscription

 

Dillard’s Q2 Comp Sales +1.0% Press release

 

GOOGLE FLAGSHIP STORE IN CHICAGO – Google is planning a two-level store in Chicago’s Fulton Market district, its first known location for a retail flagship. The technology giant is close to finalizing a lease for almost 14,000 square feet on the first and second floors of several connected, two-story brick buildings between 845 and 853 W. Randolph St., according to sources.” Tiered subs.

 

Restoration Hardware founder’s latest venture is folding at NY Post. “He had visions of this being the next J.Crew,” a source close to Gordon said. “Gordon ran out of time.” Guideboat sold upscale outdoors wear targeted at men and women ages 35 to 55.” Read more

 

Kroger and Nuro announce Scottsdale, Arizona as the city for their self-driving grocery delivery pilot Press release

 

UPGRADE – In October, Walmart Labs’ current San Diego team of 70 will take over a custom-built venue at Carlsbad’s premier business address: the Make campus at 5600 Avenida Encinas by Jennifer Van Grover at San Diego Tribune. “Amazon’s out here knocking on our door,” Jones said, explaining Walmart Lab’s rationale for the move.” Read more

 

DOWNGRADE – Walmart gets downgrade due to Flipkart’s weight on profits for ‘the next couple of years‘: Raymond James at CNBC. Read more

 

Bass Pro founder Johnny Morris opens new luxury glamping campground by Kaitlyn Schwers at Kansas City Star. “The “glamping” tents, according to the Big Cedar Lodge website, come with “a King canopy bed, crowned by a chandelier,” a table and chairs, a small refrigerator and coffee maker and a private bathroom with a shower.” Pics/Read more

 

AUSTIN – Amazon rolls out its first fleet of branded delivery vans in the country by Calily Bien at KXAN NBC. Pics/Video/Read more

 

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The fight to shave milliseconds off your credit card purchases by Emily Bary at MarketWatch via NY Post. “Square announced that it had hit a new milestone, as it can now process chip cards in two seconds…Square also plans to eliminate the signature requirement for merchants, which will shave a few more seconds off of the overall process.” Read more

 

Welcome to Waltonville, where the world’s richest family reigns by Tom Metcalf at Bloomberg via Toronto Star. “Recent growth is due to the Walton grandchildren,” said local realtor Larry Horton, who says real estate prices have tripled in the past few years…“A few years ago you could have fired a scattershot downtown and not hit anyone,” said Don Overstreet, whose family jewelry store has been on Bentonville’s town square since 1948. “Now look at it.” Read more

 

Raley’s customers can now refill their prescriptions using a mobile app by Hannah Holzer at Sacramento Bee. Read more

 

Backlog for Big Rigs Stretches to 2019 by Erica E. Phillips at Wall Street Journal. “An unprecedented run of orders for big rigs has pushed the backlog at truck factories to nine months, according to industry analysts, the largest since early 2006.” Subscription

 

Dolls Kill Opens Flagship Store On Fairfax In Los Angeles Press release

 

Amazon exec Jeff Wilke explains the meaning of company’s newest leadership principle and how to avoid ‘Day 2’ by Taylor Soper at GeekWire. Read more

 

Staples is hot on the path of a major office supplier by John Chesto at Boston Globe. “Staples director Stefan Kaluzny increased the pressure this week on Essendant CEO Richard Phillips to do a deal. Phillips already has a competing offer on the table, to merge with Genuine Parts Co.’s S.P. Richards business.” Tiered subs.

 

Inokyo just launched its prototype cashierless autonomous retail store by Josh Constine at TechCrunch. “Inokyo (rhymes with Tokyo) is now accepting signups for beta customers who want early access to its Mountain View store.” Pics/Video/Read more

 

“Sparrow Mart” art pop-up features 31,000 felt groceries for purchase in faux supermarket at NY Daily News. 14 pics

 

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