Eye-on-Retail Daily Tipsheet Archives

Lowe’s and Woolworths inject another $90m into hardware chain Masters by Sue Mitchell at Financial Review. “Documents lodged with the Australian Securities and Investments Commission this week show that the Hydrox Holdings joint venture issued 90 million new shares at $1 each – 60 million to Woolworths and 30 million to Lowe’s – on August 28, the same day that Woolworths revealed that losses from home improvement jumped 33 per cent to $224.7 million in 2015.”Read more

J.C. Penney gives a boost to its private brands by Maria Halkias at Dallas Morning News. “Penney CEO Marvin Ellison talked about private-label brands during a Goldman Sachs conference Wednesday in New York. Ellison said he would like to see private brands occupy “north of 50 percent” of the store…”I have no desire to displace our national brands, but we can create private brands to increase our online penetration”Ellison said he was wearing Strahan apparel at the conference.”Read more

Dick’s Opening 2nd and 3rd All-American Sports Centers “The All-American Sports Center features a DICK’S Sporting Goods and a Field & Stream store in one location under the same roof.”#2 in Polaris, OH#3 in Columbus, OH

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Dollar General to build $75M distribution center in Janesville, WI by Sean Ryan at Milwaukee Business Journal. “The Midwest distribution center would be Dollar General’s 14th in the country…“With 122 stores in Wisconsin and more than 900 employees, Janesville offers an ideal location to service the growing needs of our business in the Upper Midwest,” said Todd Vasos, chief executive officer, Dollar General.”Read more

Staples-Office Depot deal could be in trouble by Taryn Luna at Boston Globe. “To cure the anticompetitive threats, you’d have to divest operations to create a national competitor,” said Randy Stutz, associate general counsel at the American Antitrust Institute in Washington. “You’re talking about giving up extremely valuable assets and huge numbers that almost make the deal not worthwhile at that point.”Read more

Tipsheet Extra

Kmart beefs up layaway scheme eyeing early holiday demand

Fortune: The siege of Herbalife

Nordstrom’s new N.Y.C. home, the Central Park Tower, loses its spire

No 99 Wayne Gretzky Collection Now Exclusively Available at Sears Canada

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 our website atwww.eyeonretail.net