Wal-Mart CEO to Cramer: This was coming  See the 10 min video interview

 

Walmart CEO Doug McMillon not sure why analysts seemed so surprised with news given it was announced in February by Kim Souza at The City Wire. “Perhaps we did not provide enough details at that time about this incremental investment (hourly wage increase)” he added during the Q&A session of the event.” Read more

 

Target just made its credit card a lot safer at CNN Money. “The retailer is in the process of reissuing all its REDcard credit and debit cards to chip and PIN cards. This means customers will have to enter a PIN and not just a signature to complete a transaction.” Read more

 

Congrats: Home Depot’s Trish Mueller Wins 2015 CMO Marketing Innovation Award  See the 2015 CMO Award Winners

 

Walmart’s Online Grocery Shopping Service Expands To 10 Cities by Sarah Perez at TechCrunch. “The full list of newly added cities includes Dallas, Houston and San Antonio in Texas; Miami, Tampa, Orlando, Naples, and Cape Coral in Florida; and Oklahoma City and Tulsa in Oklahoma.” Read more

 

Whole Foods partners with NYC firm to make retail software by Michael Theis at Austin Business Journal. “The partnership will see Whole Foods become something of a working lab for Infor’s engineers, who will help identify and create solutions to supply chain issues that crop up in any retail environment.” Read more

 

Walmart wants to help unchain companies from their cloud by Barb Darrow at Fortune. Read more

 

Costco Announces New Board Member “Costco announced the election to its Board of Directors of Maggie Wilderotter, the Executive Chairman of Frontier Communications…She formerly served in a number of executive roles at technology and telecommunications companies, including Microsoft, Wink Communications, AT&T, and McCaw Cellular.” Read the release

 

Food Lion completes remodel of 162 stores, largest investment in the company’s history by Amanda Hoyle at Triangle Business Journal. Read more

 

Walmart’s Marcus Osborne on Meeting Americans Where They Are in Healthcare at Oliver Wyman Health. Read the Q&A

 

Albertsons Delays IPO by Corrie Driebusch & Telis Demos at WSJ. “The company is continuing to evaluate market conditions, and the deal could still be launched in the next day or so, the people said.” Read more (Subscription)

 

The 10 Brands With Which U.S. Consumers Have The Greatest ‘Intimacy’ (Amazon #4, Whole Foods #8) by Kathryn Dill at Forbes. Read more / See the list

 

Man Accused of Setting Fire to Halloween Costumes in Walmart by Alan Wang at ABC 7. “It’s was scary. Everyone was freaking out. It’s like, oh my goodness, what is going on here?” said witness Naomi Santiago.” See the video / Read more

 

Walmart Executive Presentations from Yesterday’s Investment Meeting:

Doug McMillon

Charles Holley 

Neil Ashe

Greg Foran

 

Tipsheeet Extra

Target’s hasty retreat still haunting Canadian REITs nine months later

Walmart targets affluent shoppers to shake funk

Minneapolis mayor drops work scheduling proposal

Inside the Patent and Trademark Office’s new Silicon Valley branch

Here’s where Amazon’s next brick-and-mortar store will be

Shopping at Wal-Mart? You might be a Republican

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Eye on Retail Tipsheet is created early every weekday morning and read by retail merchants and executives worldwide. We love data, earnings reports, executive presentations and stories off the beaten path that get at what’s really happening in the world of retail. See the website at www.eyeonretail.net