Tipsheet: Lore’s $43M Apartment | WM Open Call Today | Target’s ‘Baby Daddy’ Cards
Tesla ditches Home Depot as sales partner for home solar products by Lora Kolodny at CNBC. “Tesla will now sell its Powerwall, Powerpack and residential solar energy products via its own stores and website.” Read more
WALMART OPEN CALL DAY – Hundreds of entrepreneurs, innovators land in Bentonville for Walmart’s ‘Open Call’ by Kim Souza at Talk Business. “Walmart held a product expo and information event at the Four Points Sheraton for the guests a day before the big show…there are roughly 750 meetings between buyers and entrepreneurs…Arkansas Gov. Asa Hutchinson is one of the featured speakers at the general session which will be webcast beginning at 8 a.m. (CST).” Read more
Amazon’s Clever Machines Are Moving From the Warehouse to Headquarters by Spencer Soper at Bloomberg. “Amazon began automating retail team jobs several years ago. Under an initiative called “hands off the wheel,” the company shifted tasks like forecasting demand, ordering inventory and negotiating prices to algorithms…At first, humans could easily override the machine’s decisions….But such tinkering was increasingly discouraged as the machines proved their precision…” Read more (Tiered subs.)
Walmart’s Marc Lore shells out $43.79 million for penthouse apartment in celebrity-friendly Manhattan building at Daily Mail. “Other tenants at 443 Greenwich Street include Jennifer Lawrence, Jake Gyllenhaal and celebrity couple Ryan Reynolds and Blake Lively. The building has been a magnate for actors and musicians thanks to its paparazzi-proof basement garage…” Read more | WSJ article (Subs.)
Macy’s acquires a minority stake in b8ta – will use the startup to enhance The Market, an experiential-based retail concept by Megan Rose Dickey at TechCrunch. Read more | Press release
Gander Outdoors opens first store to sell RVs in Kenosha, WI by Clara Janzen at Milwaukee Business Journal. Read more
SuperValu announces proposal to reorganize the Company’s corporate structure Press release
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Ex-PetSmart/Belk IT exec Ivy Chin to lead digital efforts at American Tire Distributors by Ken Elkins at Charlotte Business Journal. Read more
HBC shareholders challenge executive renumeration and company’s real estate plans via Montreal Gazette. “…one shareholder echoed Litt’s sentiments saying, “What are you people waiting for? Are you waiting for us to go into a recession before you sell some of your real estate?”… CEO Helena Foulkes indicated that the company might be ready to heed some of their investor’s advice.” Read more
Hudson Group Announces the World’s Largest Hudson Store at Atlanta Airport Press release
Country Time lawyers give ‘Legal-Ade’ to squeezed lemonade stands by Rachel Siegel at Washington Post via Chicago Tribune. “Country Time’s solution is to reimburse children who have been fined for running a lemonade stand without a permit, or cover the cost of a permit already secured, until Aug. 31, or until $60,000 has been awarded.” Read more (Tiered subs.)
Chef’d will bring its meal kits to 30 Walgreens and Duane Reade stores in the New York area at CNBC. Read more
Lowe’s suspends receipt checking practice amid racial profiling claims at West Philly store at Fox 29. “The company took action after Will Mega…shared a series of videos…Mega, who has appeared on ‘Big Brother’ and also run for public office, says he was required to produce his receipts upon exiting their store in West Philadelphia on multiple occasions over Memorial Day Weekend.” Read more
OPENING TODAY – Walmart’s new 250,000-square-foot milk processing plant in Fort Wayne, IN at The Journal Gazette. Read more
Target is selling ‘baby daddy’ cards for Father’s Day at Yahoo. “Although it is, presumably, a joke, the greeting card just comes off as incredibly tasteless. Target’s social media team did reach out to one unhappy customer…” Pics/Read more
Tipsheet Extra Stories
Rare type of tick inexplicably turns up in Arkansas
Sacramento’s most bitter political fight may be unfolding at a grocery store
Handgun retailers lobbying Congress after credit shutdown
Jo-Ann looks for ways to get shoppers to stick around, not just shop there
At least one retailer — zulily — is still willing to sign up for Amazon Web Services
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