Tipsheet: Amazon +1K MBA’s | SHOT Show On | Target Talks Cotton
Kroger stock jumps amid acquisition rumors by Steve Watkins at Cincinnati Business Courier. “Bloomberg reported that Twitter speculation referenced Ahold reportedly has hired advisers to look into a possible bid for Kroger $32 a share, Bruno Monteyne, a London-based supermarket analyst at Bernstein, wrote in a research report Tuesday. But Monteyne believes any deal would have to be structured as a merger of equals.” Read more (subs.)
Amazon said looking for physical stores, possible acquisition in France by Jeff Daniels at CNBC. “Amazon is on the prowl for approximately 15 store locations in France, especially in Paris, in the next two years, according to the newspaper Le Monde. The French publication also said that the U.S. company has “approached French distributors to forge partnerships or make an acquisition in France.” Read more
…French supermarket operator Leclerc has been approached by Amazon over possible logistics partnerships at Fortune. Read more
Amazon has acquired 3D body model startup, Body Labs, for $50M-$70M by Natasha Lomas & Jordan Crook at TechCrunch. “…a company with a stated aim of creating true-to-life 3D body models to support various b2b software applications — such as virtually trying on clothes or photorealistic avatars for gaming.” Read more
Report: If Sears Canada is to completely shutter – it should get it done before Christmas by Francine Kopun at Toronto Star. Read more
Puerto Rico Faces Critical Drug Shortage as Walgreens Restores Service at NBC News. “As of Tuesday, only 76 of the 120 Walgreen pharmacies across the island are open, many on a limited basis.” Read more
The SHOT Show will go on as planned in Las Vegas by Tamar Lapin at NY Post. “Out of respect for the families of the victims and the law enforcement process, we are not going to comment or participate in media requests made relating to this attack.” Read more
M.B.A.s Want to Work for Amazon by Kelsey Gee at Wall Street Journal. “Amazon is now the top recruiter at the business schools of Carnegie Mellon University, Duke University and University of California, Berkeley, and it is the biggest internship destination for first-year M.B.A.s at the University of Michigan, Massachusetts Institute of Technology, Dartmouth College and Duke…All told, Amazon has hired roughly 1,000 M.B.A.s in the past year.“ Read more (subs.)
Target Team Travels the Globe to Kick off New Sustainable Cotton Sourcing Goal at A Bullseye View. “Today, we’re taking our next step forward—setting a goal to source 100% sustainable cotton by 2022 for our owned and exclusive national brands in apparel, home and essentials, and introducing a new policy to help guide the way.” Read more
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EU hits Amazon with $294 million bill over what it deems to be illegal tax breaks at Bloomberg. Read more
60 per cent of a consumer’s buying decision shaped by digital medium: Krish Iyer, Walmart India CEO at The Economic Times. Read more
Ace Hardware Acquires Majority Stake In E-Commerce Startup, The Grommet “The Grommet operates an e-commerce website that markets and sells new and innovative products created by independent entrepreneurs…It has discovered and launched dozens of now household brand names, including FitBit, IdeaPaint, OtterBox, SimpliSafe and SodaStream.” Press release
Due to Lowe’s contract, logistics company to ink large industrial lease in Houston by Cara Smith at Houston Business Journal. “NFI plans to sign a three-year lease for 250,000 square feet of industrial space, per industry sources, and will work exclusively with Lowe’s…In September..Home Depot signed a lease for 300,000 square feet of warehouse space in Jersey Village.” Read more (subs.)
AutoZone’s national sales meeting draws thousands to Memphis by Meagan Nichols at Memphis Business Journal. 31 pics/Read more
Best Buy Bets on Adults Remotely Monitoring Their Aging Parents by Matthew Boyle at Bloomberg. “As Best Buy proceeds, it could find itself competing against companies that already sell geriatric products in—you guessed it—Best Buy stores. One of those is GreatCall, which has offered its senior-friendly phones and medical-alert devices at Best Buy for about a decade. GreatCall CEO David Inns says he welcomes the competition as a sign that senior care is “finally becoming sexy.” Read more
St.Thomas Home Depot Re-Opens Today at 11 a.m. at St.Thomas Source. Read more
Amazon brings Echo and Alexa to India and soon Japan, its first markets in Asia by Ingrid Lunden at TechCrunch. Read more
Pilot Flying J Teams with Bass Pro Shops for In-Store Experience by David Bennett at Convenience Store Decisions. “The shop-in-shop concept is scheduled to be expanded to additional Pilot Flying J locations by the end of the second quarter 2018. Pilot Flying J is looking at five more locations to fit the shop-in-shop concept.” Pics/Read more
Blue Apron Launches New Branded Podcast “Why We Eat What We Eat” by Jeff Beer at Fast Company. Read more
Amazon leases Seattle’s soon-to-be 2nd tallest building by Nat Levy at GeekWire. “The 1.17 million-square-foot project includes 200 apartments on the upper floors of the 58-story building…Amazon does not get special priority on either the housing or hotel rooms, but Johnson said those aspects were attractive to Amazon.” Read more/Pic
Tipsheet Extra Stories
Icahn pushes $2B into auto parts business
A peek inside McDonald’s new Chicago HQ (13 pics)
Publix sued for religious discrimination for requiring employee to cut dreadlocks
Canadian cafe goes ‘screen free after 5 p.m.’, sparks backlash
Walmart Thief Leaves 2-Year-Old Son to Die on Road as He Flees Scene
Why Colorado’s special legislative session on pot-tax error left everyone empty-handed
Snap has sold ‘over 150k’ pairs of Spectacles since launch
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