Bernie Sanders targets Walmart with bill that would prevent stock buybacks unless companies pay workers $15 minimum wage at CNBC. “The Walton family, the owners of Walmart, are the wealthiest family in America with a net worth of about $180 billion. Meanwhile, most Walmart retail workers are working for horrendously low wages with minimal benefits,” Sanders said in a statement to CNBC.” Read more

 

Nordstrom Q3 comp sales +2.3% Press release

 

…Credit-card mistake slams Nordstrom’s Q3 profit by Benjamin Romano at Seattle Times. “Nordstrom’s quarterly profit — and its stock price — were walloped by the disclosure that it has been charging some credit-card customers too much interest since 2010…the years-long error, in which delinquent card accounts were overcharged, was recently discovered and is being corrected, resulting in a $72 million hit to Nordstrom’s third-quarter earnings.” Tiered subs.

 

U.K. school bans pricey Canada Goose jackets in effort at ‘poverty-proofing’ at BBC News. “One Twitter user wrote: “Absolutely ridiculous, banning those coats. It’s a fact of life that there are poor kids, get over it.” Read more

 

Why the USDA isn’t releasing brand names in turkey salmonella outbreak at USA Today. “The outbreak has hospitalized 63 people in 35 states, killing one in California, the Centers for Disease Control and Prevention reported. Investigators say raw turkey products from numerous sources are contaminated with salmonella, including ground turkey and turkey patties.” Read more

 

Target meets with Rep. Rush, won’t budge on closing Chicago South Side stores by Manny Ramos at Chicago Sun Times. “(Rush) said “busloads” of protesters will disrupt the shopping experience for Black Friday bargain-hunters at Target’s store at State and Madison streets — even though, he added, the fight to keep Target open in Chatham and Morgan Park “is like David going up against Goliath”.” Read more

 

Walmart US CEO talks technology, workers by Anne D’innocenzio at AP. “Q. Does Amazon keep you up at night? A. To be frank, lots of things keep me up at night. Amazon is one of them. Target is another. I am in Aldi stores, Lidl stores. There’s no doubt that Amazon is a significant competitor. You keep tabs. But your job is not to copy.” Q&A

 

Thanksgiving dinner for 8 costs less at Walmart vs. Aldi at CNBC. “Walmart’s prices for Thanksgiving ingredients were about 45 percent less than comparable prices on products at Whole Foods.” Read more

 

**A message from the 3-Foot Circle – Golf is back! The golf training aid that gets you down in two shots from the edge of the green. Video/Info

 

JCPenney Q3 comp sales -5.4% Press release

 

Williams-Sonoma Q3 comp brand revenue +3.1% Press release

• Pottery Barn +1.4%
• West Elm +8.3%
• Williams-Sonoma +2.1%
• Pottery Barn Kids & Teen 0.0%

 

Shoe Carnival Q3 comp sales +4.5% Press release

 

There would be no Amazon had Walmart gone this all-out online years ago: Ex-Target vice chair at CNBC. “Amazon “certainly wouldn’t have grown to the scale it is, and they wouldn’t have got the lead they have” if Walmart had gotten an earlier start, said (Gerald) Storch.” Read more

 

Walmart to overtake Apple on list of biggest e-commerce retailers at MarketWatch. Read more

 

Dillard’s Q3 comp sales +3.0% “Dillard’s Chief Executive Officer William T. Dillard, II, stated, “While we are encouraged by our 3% comparable sales performance, this was a disappointing quarter as markdowns weighed heavily on gross margin.” Press release

 

…Dillard’s shares plunge 18% as 3Q earnings fall short of Wall Street views by Kim Souza at Talk Business. Read more

 

Jeff Bezos to employees: ‘One day, Amazon will fail’ but our job is to delay it as long as possible at CNBC. “At an all-hands meeting last Thursday in Seattle, an employee asked Bezos about Amazon’s future…”Amazon is not too big to fail,” Bezos said, in a recording of the meeting that CNBC has heard. “In fact, I predict one day Amazon will fail. Amazon will go bankrupt.” Read more

 

Walmart and Target embrace in-store mobile checkout for the holidays by Sarah Perez at TechCrunch. Read more

 

Bankrupt Sears wins court approval for plans to sell stores at Reuters. Read more

 

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