News

Amazon takes another big step to control its own delivery logistics
The e-commerce giant has entered into an agreement with Atlas Air Worldwide Holdings for Atlas to operate 20 Boeing Co. cargo planes for Amazon. Atlas Air will operate the 20 converted freighters for Amazon on leases from seven to 10 years. “We are excited to welcome a great provider, Atlas Air, to support package delivery to the rapidly growing number of Prime members who love ultra-fast delivery, great prices and vast selection from Amazon,” said Dave Clark, Amazon’s senior VP of worldwide operations.
Whole Foods Q2 profit tops even as sales slow; expanding rewards program
Whole Foods Market reported better-than-expected earnings for the second quarter amid cost controls that helped lessen the impact of slowing sales.

Net income was a better-than-expected $142 million for the quarter ended April 10.

Sales inched up 1.3% to $3.7 billion, slightly below estimates.

Surprise — The Limited debuts new store brand in hot niche

The Limited has entered the fast-growing value retail sector.

Moving under the radar, The Limited has quietly debuted a new store concept, called Backroom at the Limited, in six malls across the nation.

The format offers a mix of work-to-weekend apparel, jewelry and accessories, with the merchandise made exclusively for the Backroom as well as the Limited’s outlet stores.
Study: Customer experience improves across channels during holidays

In what could be termed a gift for customers, major retailers generally improved how they engaged and served consumers in different channels during the 2015 holiday season.
Former Starbucks COO plans new multi-use venue

Troy Alstead, the longtime Starbucks executive who resigned as COO in February 2016, is ready to take his next professional step.

According to the Puget Sound Business Journal, Alstead is planning to open a 57,000-sq.-ft. “sustainable social hub” in Gig Harbor, Washington. Offerings will include a restaurant, bar and café as well as a 20-lane bowling alley and meeting and party rooms.
April was unusual for L Brands

L Brands turned in a disappointing sales performance in April, a rarity for a chain that has turned in consistently strong monthly results.

The parent company of Victoria’s Secret reported a 1% increase in same-store sales, below Wall Street expectations of a 4.8% gain.

Sales for the month increased to $737.5 million, up from $724.6 million in the same month last year.

The company’s Bath & Body Works division saw a 5% increase in same-store sales while Victoria's Secret posted a 1% decrease.
On-demand may not be future of online delivery

Photo: Matt Chasen, CEO, uShip
Liquor delivery specialist opens the taps for selection

It’s a shame (or maybe a good thing) Hemingway and Bukowski did not live in an age where a vast assortment of alcohol is available a click away.

Omnichannel beer/wine/liquor delivery service Drizly is launching a new service that provides digital drinkers with a product selection far beyond the scope of local stores. Currently available in Boston and Washington, D.C., Drizly Connect lets users shop across tens of thousands of beer, wine and spirits products for next-day delivery orders.
Guess what old tradition Walmart is bringing back?

The employees who once greeted shoppers with a friendly “Welcome to Walmart” are making a comeback.

Walmart is reviving and updating its door-greeter program in an effort to improve customer service and also deter shoplifting.

The greeters were the invention of company founder Sam Walton, who saw them as a way to put a friendly face on the chain’s large stores. But in recent years, most of the employees who served as greeters were moved to other parts of the store.
California puts crimp in Costco in April

Slow traffic at its California stores proved a drag for Costco Wholesale Corp. in April.

The retailer reported flat same-store sales in April, below analysts’ estimates of a 1.2% increase.

Total sales in April rose 3% to $8.98 billion, helped by strength in Canada.

Excluding gasoline-price fluctuations and currency exchange rates, U.S. same-store sales rose 2%, below estimates for growth of 3.4%. Same-store sales in Canada increased 2% overall and 7% when excluding gas prices and currency.