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Lowe’s, PetSmart And Others Take On New Leadership

PYMNTS

Despite another quarterly earnings miss announced Wednesday (May 23), Lowe’s shares got a 9 percent bump mid-week after poaching JCPenney CEO Marvin Ellison on Tuesday, a move that garnered support from Bill Ackman’s Pershing Square Capital Management LP. Former Ahold financial executive Paula Price will become CFO at Macy’s starting July 9.

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Marc Lore Denies Rumors He’s Leaving Walmart

PYMNTS

The news also comes a month after Jet.com President Liza Landsman left the company to join a venture capital firm. The executive who replaces her “should be groomed to replace Marc Lore, who I anticipate will depart Walmart in 2018 to 2020 at the latest,” Brittain Ladd, a former Amazon executive, told the Post.

New York 108
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Girl Scouts Are Bringing mPOS To The Cookie Booth

PYMNTS

The cookies are popular enough to even inspire Thin Mint-flavored coffees from major brands like Dunkin’ – but sales often hit a stumbling block at the point of sale: Many troops only accept cash. The cookies may be popular, but Girl Scouts can’t capitalize on that if passersby aren’t carrying a payment method they accept.

Atlanta 117
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Grocery Tracker: Whole Foods Rising Up To Challenge Of Rivals

PYMNTS

Co-founder and CEO John Mackey said Whole Foods is on track for positive comp sales and earnings by the end of fiscal year 2018. Jana said it hopes to work with the market’s board and management about reconfiguring leadership, advancing brand development, and tackling key deficiencies such as customer loyalty.

Idaho 100
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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then. Additionally, many of these physical retailers have lost the cache they once had as new direct-to-consumer brands with a hyper-focus on specific products have taken off.

Retail 78
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The Whole Paycheck Tracker: HQ Enhancements, Empathetic AI And Special Guest Bernie Sanders

PYMNTS

Walmart is experimenting with a New York lab to tap into AI; it acquired Polymorph Labs for an unreported amount with the aim of leveraging its technology to make advertising easier for smaller brands, and recently purchased startup Aspectiva , a firm that observes shoppers’ browsing behaviors and aids in making product recommendations.

New York 109
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Disrupting The CPG Industry: How Brands Can Adapt To The Future Of Packaged Goods

CB Insights

In this analysis, we’ll explore the immediate and long-term challenges facing the CPG industry, as well as the business strategies that CPG brands are using to adapt. Barington Capital pressured Avon CEO to step down. Pinnacle Foods, which owns Vlasic pickles and other brands, has been targeted by activist investor Jana Partners.