Macy’s shares drop as sales, earnings fall short of expectations at CNBC. “Macy’s said that it earned 17 cents a share, adjusted, in the fiscal third quarter, on revenue of $5.626 billion. Wall Street had expected Macy’s to report earnings of 41 cents per share, compared with 56 cents a share in the prior-year period.” Read more

 

…Macy’s Q3 Comp Sales -2.7% Press release

 

Wal-Mart’s Thanksgiving sale will begin three hours earlier…sort of by Krystina Gustafson at CNBC. “The world’s largest retailer said Thursday that its website will kick off its online Black Friday sale three hours earlier than last year, at 12:01 a.m. Thanksgiving Day. That’s hours before its in-store doorbuster deals begin at 6 p.m. that evening.” Read more

 

Target Reveals Black Friday Deals, Stores to Open at 6 p.m. “For guests eager to get a start on Black Friday savings, Target is offering a selection of deals, (yesterday) and (today) only…” Press release

 

TRUMP VS. BEZOS

 

…Trump impact: How will Amazon fare? by Angel Gonzales at Seattle Times. “Investors seemed to sniff some danger: Amazon shares fell $15.87, or 2 percent, to $771.88 Wednesday, even as the wider stock market shrugged off initial fears about a Trump presidency.” Read more

 

…Donald Trump said Amazon and Jeff Bezos have a ‘huge antitrust problem.’ Now they may. by Jason Del Rey at Recode. “He thinks I’ll go after him for antitrust,” Trump said at the time. “Because he’s got a huge antitrust problem because he’s controlling so much, Amazon is controlling so much of what they are doing.” Read more

 

Mexico’s Alsea names former Wal-Mart executive as new CEO by Reuters. “Renzo Casillo will take over from Nov. 14, the firm said in a notice to the stock exchange. Alsea manages international fast-food franchises and coffee shops such as Starbucks, Domino’s Pizza and Burger King.” Read more

 

**A message from the 2017 Philadelphia Gift Show – See emerging artists, regional specialties, and gift, home décor, and color trends! Get a sneak peak in our Product Spotlight, and see our list of unique exhibitors. Sweetening the pot, this all-category gift show runs concurrently with the Philadelphia National Candy, Gift & Gourmet Show. See it all January 6-9, 2017, at the Greater Philadelphia Expo Center, in Oaks, PA. Register now | Website

 

Container Store Q2 Comp Sales -4.2% Press release

 

Trends emerge as China’s Singles’ Day shopping holiday nears by Frank Tong at Internet Retailer. “Brands and retailers are purchasing more ads on Alibaba’s e-commerce marketplaces and affiliated ad network in the runup to Singles’ Day…eMarketer reports that Alibaba will become the largest online ad company in China in 2016, and Alibaba’s share of the global digital ad market will jump to 6.5% this year compared with 5% a year ago.” Read more

 

Kohl’s Q3 Comp Sales -1.7% Press release

 

…Fox Business: Kohl’s Profit Beats Estimates “Kohl’s reported a better-than-expected 21.7 percent jump in quarterly profit on Thursday, helped mainly by cost-cutting.” Read more

 

Kohl’s Announces Planned Retirement of Chief Financial Officer in Late Spring 2017 “Kohl’s will be conducting a comprehensive search for the CFO position over the next few months to prepare for McDonald’s retirement.” Press release

 

Online grocery shopping coming to Seattle Fred Meyer location, blocks from new Amazon store by Nat Levy at GeekWire. Read more

 

Target to open flex-format store in Hell’s Kitchen in Manhattan as it zeros in on NYC by Teresa Novellino at New York Business Journal. “The new location at 615 10th Avenue, across the street from Beacon High School, is projected to open by summer 2019.” Read more

 

Bed, Bath & Beyond to create in-store buzz with beer and wine in new Brooklyn store by Lois Weis at NY Post. “Bed Bath & Beyond, plans to create a restaurant serving wine and beer at its upcoming 120,000-square-foot Liberty View Industrial Plaza store in Sunset Park, Brooklyn.” Read more

 

Canada: Your grocery bill is set to go down further as supermarkets fight for market share by Hollie Shaw at Financial Post. “The prices of food purchased from stores declined by 0.9 per cent in Canada in September, according to Statistics Canada, and in particular, consumer packaged goods were almost “universally discounted”. Read more

 

Mike Bloomberg’s $18 Million Helped Soda Tax Measures Win In San Francisco, Oakland by Kate Vinton at Forbes. Read more

 

COSTCO BEHIND-THE-SCENES – Reporter to get rare behind-the-scenes tour of (Costco) headquarters, plus Jelinek gives you a few insider tips you need to know to save some money — Thursday at 5 on Channel 2 Action News. Read more

 

Lord & Taylor closing St. Louis office, laying off 77 IT employees by Lisa Brown at St.Louis Post Dispatch. Read more

 

Why one man bought 150 tons of cashmere in the Gobi desert with $3 million in cash by Elizabeth Segran at Fast Company. “As cofounder and CEO of fashion company Naadam, he has been working to transform the cashmere supply chain by purchasing the wool directly from Mongolian herders, rather than through middlemen who inflate prices…” Read more

 

Tipsheet Extra Stories

Patti LaBelle is getting her own cooking show

Nike opens next-generation store in SoHo (7 pics)

Here’s the memo eBay’s CEO just sent to staff in the wake of Donald Trump’s surprise victory

Trailer Catches Fires, Extends Into Home Depot in Mountain View

Hollywood’s Rising Stars 35 and Under

Read Tipsheet Extra Stories

 

QUICK-SUBSCRIBE to Eye on Retail Tipsheet here