Walmart Q3 Comp Sales +2.7% “Total revenue was $123.2 billion, an increase of $5.0 billion, or 4.2%…comp traffic increased 1.5%…eCommerce growth increased 50%.” Press release

 

…Sam’s Club Q3 Comp Sales +2.8%, Traffic +3.6% Press release

 

…CNBC: Wal-Mart’s earnings, sales top Street expectations, sending shares higher “We expect top line growth going forward to be led more by comp sales and eCommerce with less emphasis on new units in the U.S.,” Chief Financial Officer Brett Biggs said on a pre-recorded conference call. “We’re prioritizing eCommerce, technology, supply chain and store remodels over new stores and clubs.” Read more

 

Best Buy Q3 Comp Sales +4.4% (vs. expected +4.8%) “As a percentage of total Domestic revenue, online revenue increased 190 basis points to 12.7% versus 10.8% last year.” Press release

 

…Fox Business: Best Buy 3Q results fall short with holiday profit forecast “Its forecast for adjusted earnings for the fourth quarter was $1.89 to $1.99 per share, well short of analysts’ consensus expectation of $2.03 per share.” Read more

 

Amazon has privately blamed the U.S. Postal Service for grocery delivery issues that led to Amazon Fresh changes by Jason Del Rey at Recode. “Amazon officials have told several food brands that the USPS had delivered an unreliable experience to customers with too many late or missed deliveries, according to people familiar with the discussions. With no other good delivery options for fresh food in these areas, Amazon decided to shut down the service.” Read more

 

Forever 21 tells customers that some credit card numbers may have been stolen by Taylor Hatmaker at TechCrunch. “While the company has not yet offered many details about the intrusion, we know that it is looking into a portion of credit card transactions between March 2017 and October 2017.” Read more

 

Ace Hardware Q3 Retail Comp Sales +7.1% “Total wholesale revenues were $1.28 billion, an increase of $105.9 million, or 9.0 percent, as compared to the prior year third quarter. Increases were noted across all departments with outdoor living and lawn and garden showing the largest gains.” Press release

 

**A message from Hot Shot – There’s no place like home. And when you rule the roost, you do it all… keep the peace, dry the tears, mop up the messes – even squash the spiders. When bugs cross your threshold, count on Hot Shot® brand for practical, easy-to-use, effective home insect solutions that take care of the creepy-crawlies for you – without breaking the bank. Save the Day. Facebook page

 

Calvin Klein is for the first time selling new underwear only on Amazon this holiday season by Suzanne Kapner at Wall Street Journal. “The new Calvin Klein underwear styles, including cotton bralettes and striped panties, will be available on Amazon through a dedicated Calvin Klein page and in pop-up shops in New York and Los Angeles from Thursday through Dec. 31. Department stores won’t receive the styles until January.” Read more (subs.)

 

Makeover ahead for Ulta Beauty with new agencies by Adrianne Pasquarelli at Ad Age. “After issuing requests for propoals for both its creative and media accounts in July, Ulta has chosen McCann New York to handle creative and MullenLowe’s Mediahub for media duties. The brand formerly worked with MullenLowe on creative and Mediahub on media.” Read more

 

Amazon’s Cashierless Store Is Almost Ready for Prime Time by Olivia Zaleski & Spencer Soper at Bloomberg. “Employees have tried to fool the technology. One day, three enterprising Amazonians donned bright yellow Pikachu costumes and cruised around grabbing sandwiches, drinks and snacks. The algorithms nailed it…hiring for the Amazon Go team has shifted from the engineers and research scientists…to the construction managers and marketers who would build and promote the stores to consumers.” Read more

 

Taylor Swift shocks fans as she buys her new album Reputation at Target at Daily Mail. “The pop sensation continued the custom of buying her new album at the mega-chain as she stopped by a Nashville location to pick up a copy of Reputation. ‘We have a tradition of going to Target to go buy the album so we’re gonna go do that,’ the 27-year-old said in her Instagram story.” Video/Read more

 

Stage Stores Q3 Comp Sales -3.9% Press release

 

Almost half of all online shopping will be on Amazon.com this holiday season, according to analysis from SunTrust at CNBC. “Mobile (smartphone + tablet) visits will surpass desktop visits for the first time this holiday season, according to Adobe, and one notable trend within mobile is more ’boutique-like’ interfaces will lead to better conversions.” Read more

 

Dick’s Hires Ex-Home Depot Exec as CTO by Stacey Federoff at Pittsburgh Business Times. “Paul Gaffney will lead the company’s technology, including infrastructure and ecommerce platforms, effective Nov. 20…Gaffney most recently served as the senior vice president of information technology with The Home Depot.” Read more

 

Postmates launches in first international city – Mexico City by Megan Rose Dickey at TechCrunch. Read more

 

Advance Auto Parts execs praise reorganizing efforts by Lauren K. Ohnesorge at Triangle Business Journal. “the company streamlined its field operations from 34 to 12 regions in recent months…the firm plans to take $1 billion of inventory out of its system in the next few years – more than $800,000 per store. And plans are in place to optimize the supply chain in 2018.” Read more

 

Loblaw is closing 22 stores and launching home delivery via Financial Post. Read more

 

Prime members get cheaper turkey by Nat Levy at GeekWire. “Whole Foods has cut prices for organic turkeys to $3.49 per pound and antibiotic-free turkeys for $2.49 per pound; for Prime members, those deals are $2.99 per pound and $1.99 per pound, respectively.” Read more

 

RH Raises Third Quarter and Fiscal 2017 Adjusted Net Income Guidance “Adjusted net revenues for the third quarter fiscal 2017 are now expected to be approximately $592.5 million… compares to the Company’s prior guidance of adjusted net revenues in the range of $575 million to $590 million.” Press release

 

Some CVS pharmacies are blocking prescription refills, exec blames ‘internal network’ issues at CNBC. Read more

 

NY Times: Overnight in Walmart Parking Lots: Silence, Solace and Refuge Read more

 

Tipsheet Extra Stories

Man with Best Buy tattoo already camped out in line

Court orders paint companies to pay to clean lead paint out of California homes

IKEA glass tables are spontaneously exploding

P&G just bought this venture-backed deodorant startup for $100 million cash

Banana Republic employee suspended for box braids files discrimination suit for $1 million

GameStop names interim leader as CEO is treated for illness

Read Tipsheet Extra Stories

 

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