Home Depot Q3 Comp Sales +7.9% “…the Company lifted its fiscal 2017 sales growth guidance and now expects sales will be up approximately 6.3 percent and comp sales will be up approximately 6.5 percent.” Press release

 

…CNBC: Home Depot same-store sales crush Wall Street estimates “Revenue was $25.03 billion, versus an estimate of $24.55 billion. Same-store sales climbed 7.9 percent, compared with an anticipated increase of 5.8 percent.” Read more

 

Wal-Mart strikes deal with Lord & Taylor at CNBC. “The big-box retailer announced Monday it has partnered with Lord & Taylor to create an online “flagship store” for the apparel retailer. The landing page will launch on Walmart.com in spring 2018. “Our goal is to create a premium fashion destination on Walmart.com,” Denise Incandela, head of fashion for Wal-Mart’s U.S. e-commerce division, said in a statement.” Read more

 

Shoppers Drug Mart issues job posting for medical marijuana brand manager at Canadian Press via Vancouver Sun. “A job posting on the website of Canada’s largest pharmacy says the senior brand manager role will entail leading its strategy and marketing activities to doctors and health-care providers in the cannabis space.” Read more

 

Wall Street Journal says Dallas, Boston & D.C. have the strongest characteristics for Amazon HQ 2 by Laura Stevens, Sean McDade & Stephanie Stamm. WSJ subs.

 

…Minneapolis & Austin are Long Shots WSJ subs.

 

Spotify expands merch to beauty products, sells out tickets for Who We Be by Ingrid Lunden at TechCrunch. “…this is not a new revenue stream for Spotify, which does not take a cut of any of the sales that happen through the platform. The idea, instead, is to sweeten the deal for artists and give them more opportunities to make money on Spotify beyond streaming.” Read more

 

Hobby Lobby Scion Spent Millions on Biblical Relics—Then Came a Reckoning by Kelly Crow at Wall Street Journal. “After months of back and forth, Mr. Green’s family business paid $1.6 million for the lot. Mr. Green thought he was getting a bargain…Archaeologists and biblical scholars now say there are questions about the origins and authenticity of the rest of the Green collection…It has also cast a shadow over the Nov. 17 opening of the museum the Green family built, in part to house its collection.” Read more (subs.)

 

Amazon denies report that it’s developing a free ad-supported video service to complement Prime Video by Taylor Soper at GeekWire. Read more

 

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Stitch Fix gets a close look from consumer VC firm Goodwater Capital ahead of IPO by Matthew Lynley at TechCrunch. “After surveying around 3,000 people over the past few quarters, the firm found that while a tiny fraction of the people surveyed are Stitch Fix users, more than half of those people expect their use of Stitch Fix to increase.” Read more

 

Lowe’s Built an Escape Room and Challenged Four DIYers to Build Their Way Out by Gabriel Beltrone at Adweek. “A new 17-minute reality-style ad puts four skilled craftspeople—an electrician, Moe; a contractor, Wes; and two YouTubers who run DIY channels, Bob and Grant—in a custom-built obstacle course with three rooms, a series of puzzles to solve, and one hour to make it to the ground floor.” Read more

 

Amazon to adapt J.R.R. Tolkien’s ‘Lord of the Rings’ books into new fantasy television series by Kurt Schlosser at GeekWire. Read more

 

Ads May Soon Stalk You on TV Like They Do on Your Facebook Feed by Todd Shields & Gerry Smith at Bloomberg. “Sinclair Broadcast Group Inc. and other TV station owners say the new standard, known as Next Gen TV, will provide sharper pictures and video on demand. It will also allow them to track viewers of their programming on tablets and other platforms.” Read more

 

Supervalu’s Anne Dament Promoted to Executive Vice President, Retail, Marketing and Private Brands Press release

 

Publix promotes: “Randy Barber, 55, will be promoted to VP of Industrial Maintenance and Purchasing…Brad Oliver, 44, will be promoted to Vice President of Product Business Development for Dry Grocery and Non-Foods.” Press release

 

Coming to Your Local Mall: Online Retailers Beloved by Millennials by Esther Fung at Wall Street Journal. “Five years from now, we won’t be debating whether ‘e-tailers’ are taking share from ‘brick-and-mortar retailers,’ because they are all the same,” said Citi Research analysts in a recent research note.” Read more (subs.)

 

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12% of Couples Consider Divorce When Remodeling Their Home

Apple could reportedly put a rear-facing 3-D sensor in its 2019 iPhone

Read Tipsheet Extra Stories

 

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