Bed Bath & Beyond has tapped Walgreens’ Chief Merchandising Officer Joe Hartsig to become its chief merchant at CNBC. Read more

 

Nordstrom shares dive on earnings miss, Erik Nordstrom to become sole CEO at CNBC. “Nordstrom said full-price net sales during the quarter rose 1%, and off-price net sales — for its Nordstrom Rack division — were up 1.8%. Digital sales climbed 9% and represented 35% of total sales, compared with 33% a year ago.” Read more

 

…Integrating Trunk Club into Nordstrom full-line stores and Nordstrom.com Earnings release

 

Target’s next frontier: Convenience stores and alcohol pickup by Phil Wahba at Fortune. “Target’s top executives told Wall Street analysts at its annual strategy update on Tuesday that its 100 smaller format stores, typically 30,000 square foot—a fraction of the traditional Target’s size—have proved to be such a boon that Target will test out an even smaller 6,000-square-foot model. That’s about the size of a Dollar General store or a convenience store.” Read more

 

…Target Outlines 2020 Strategic Initiatives “… offering an assortment of fresh grocery and adult beverage items via Order Pickup and Drive Up fulfillment…Testing will begin in Minneapolis-area stores in the spring, with plans to expand this service to nearly half of Target’s stores in time for the holiday season.” Press release | Earnings call transcript

 

Survey: U.S. businesses added 183,000 jobs in February at AP News. Read more

 

Ross Stores Q4 comp sales +4.0% Press release

 

Hygiene brand called ‘racist’ for Target ad at HuffPo via Yahoo. “I said nothing about our product being only for black girls,” Dixon noted. She also highlighted the company’s tagline: “made by humans with vaginas, for humans with vaginas.”…The outpouring of positive messages saw The Honey Pot’s sales double by almost 50% on Monday, Dixon told BuzzFeed.” Read more

 

**A message from Sweets & Snacks Expo: The Most Innovative New Product Awards program showcases the most innovative ideas, concepts & products in candy and snacks! View the 2019 award winners | Register/Website

 

J.D. Power Study on Online Flowers: Proflowers.com ranks #1 in customer satisfaction, 1-800-Flowers.com ranks #2 Press release

 

Amazon employee in Seattle tests positive for coronavirus by Monica Nickelsburg at GeekWire. “The employee went home sick on Tuesday, Feb. 25 and later tested positive for COVID-19. Amazon notified employees who came into close contact with the individual. The employee is based out of Amazon’s Brazil building at 400 9th Ave N, near downtown Seattle.” Read more

 

…Seattle feels like ‘ghost town,’ at NBC News. “Millions of people visit Pike Place Market annually. But the stalls are empty this week. Vendors aren’t flinging fish to one another; instead, they’re checking their phones or reading a book.” Read more

 

Lowe’s Canada selling Ace Canada business to owner of TSC Press release

 

Amazon inks deal to stream New York Yankees baseball games on Prime Video by Taylor Soper at GeekWire. “21 Yankees games on Prime Video later this year. The live MLB content will be free for Prime members, but only available to those in the Yankees “home-team footprint”.” Read more

 

WinCo Foods slated to open third Las Vegas store next week at Las Vegas Sun. Read more

 

Mindy Grossman: Risking the unconventional at CNBC. “And when she was ready to move on from HSN, she got calls from headhunters about “giant” retail jobs. They would tell her: “Go run this $30 billion company. Go take on this role. And I said ‘Look, it’s not what I want to do. I’ve done it. And I really feel that my next role is going to be something different,” Grossman told CNBC’s “The Brave Ones.” Read more/Video

 

Tipsheet Extra

US toy makers see business boom

Jeff Bezos’ Blue Origin space venture drops hints on plans

Amazon Studios cancels SXSW plans due to coronavirus

States scramble to prepare ahead of food stamps rule change

Toms founder launches a wellness kit inspired by his own struggles

Read Tipsheet Extra Stories

 

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