Tipsheet: Target Removes Hemp | W.Foods Breach | Jet’s PL | Billy Bass/Alexa
Whole Foods suffers data breach in some stores by Angelica LaVito at CNBC. "Whole Foods suffered a data breach of credit card information used in taprooms and full table-service restaurants in some of the grocery chain's stores, the company said Thursday. Whole Foods noted these venues use a different point-of-sale system than the main checkout systems. Credit cards used at those systems were not affected, the company said." Read more Ikea has bought TaskRabbit by Kara Swisher & Theodore Schleifer at NY Post. "The price of the deal could not be determined, but the contract labor marketplace company [...]
Tipsheet: Rite Aid -3.4% | Pier 1 +1.8% | Amazon #6 Brand | Wawa Fights Claim
Report: Amazon created more jobs last year than 46 states by Kurt Schlosser at GeekWire. "In terms of job creation, if Amazon was a state, those figures would put the company behind only Texas, California, Florida, and New York over that period of time, according to data from the Bureau of Labor Statistics." Read more Rite Aid Q2 comp sales -3.4% "...consisting of a 4.6 percent decrease in pharmacy sales and a 0.9 percent decrease in front-end sales." Press release Wal-Mart Will Offer Free Same-Day Delivery in NYC by Matthew Boyle & Mark Bergan at Bloomberg. "In the New [...]
Tipsheet: Tesla C-Stores? | Freshii Out @ Target | WM #1 in Makeup | Buy BJ’s @$4.5B
Tesla could add C-stores and restaurants at car-charging stations by Luke Stangel at Austin Business Journal. "People are coming and spending 20 to 30 minutes at these stops,” Straubel said, according to Restaurant Business. “They want to eat, they want to have a cup of coffee, they want to use the bathroom.” Read more Freshii a dud at Target; eatery will close all 18 Target store locations by Dan DeBaun at Minneapolis/St.Paul Business Journal. "A statement from Freshii reads. "Sales levels of these locations did not support a continued investment of resources by both parties." Read more BJ’s owner [...]
Tipsheet: Target Embeds Pinterest | Kroger Goes Local | Carol Tome Honored | Disney’s New Store
Bass Pro's $5 billion deal to buy Cabela's is complete; combined company's HQ will be in Springfield, Missouri by Paige Yowell at Omaha World-Herald. "Bass Pro did not respond to questions from The World-Herald about what would happen next with Nebraska workers; Bass Pro has said in the past that it would keep some presence in Nebraska." Read more Amazon can't compete with off-price retailers, JPMorgan says at CNBC. "Here's the argument for off-price retail: Amazon's encroachment into the apparel industry more closely resembles a full-price department store, instead of a Ross or TJ Maxx model, JPMorgan's Boss [...]
Tipsheet: Sam’s Cuts 700 | Costco China Stores? | Target Min $11 | Aldi Outrage
Analyst predicts Costco will soon build stores in China for the first time by Tae Kim at CNBC. "It appears COST is on the verge of a bigger push into China … last week's launch of an official flagship store on the 'Tmall' platform (with an expanded assortment of furniture, consumer electronics, and wine) suggests COST has broader ambitions for the market," analyst Peter Benedict wrote in a note to clients Thursday titled "Flying Below the Radar - China Expansion on Tap?" Read more Sam's Club is eliminating about 700 back-office positions by Robbie Neiswanger at Arkansas Online. [...]
Tipsheet: WSJ Aldi Close-Up | WM Wants Layaway Protection | F.Line -4.5% | Target Expands Restock
Finish Line Q2 comp sales -4.5% "Our second quarter results were shaped by a very promotional marketplace for athletic footwear,” said Sam Sato, Chief Executive Officer of Finish Line." Press release WISH is worth more than Sears, Macy's and JC Penney… combined by Gene Marks at Washington Post via San Diego Tribune. "How about a $1 wristwatch or an $8 sweater? Or better yet, how about paying just the shipping costs-and almost nothing more-for a necklace, a plastic toy or lipstick? All of this is yours if you don't mind waiting two-to-four weeks. The low prices are due to where [...]
Tipsheet: Most Powerful Women | Amazon Eyes PBMs | Couche-Tard Wants Weed
Amazon is taking on the drug supply chain by Christina Farr at CNBC. "Citing an anonymous analyst, the report states that Amazon may "indeed be in conversations with some middle-market PBMs now, in an effort to get into various contract arrangements." That suggests that Amazon is a "bigger threat" than many expect, but that it won't be right away. Leerink estimates that it will take about 18 to 24 months for Amazon to get pharmacy licenses in all 50 states." Read more Fortune’s 2017 Most Powerful Women in Business List Full list Target rolls out Bluetooth beacon [...]
Tipsheet: Costco Kimchi | Bed/Bath -2.6% | Holiday +4.5% | Wgreen CEO Iview
Bed Bath & Beyond Q2 comp sales -2.6% "Comparable sales from customer-facing digital channels continued to have strong growth in excess of 20% for the 13th consecutive quarter, while comparable sales from stores declined in the mid-single-digit percentage range." Press release Early forecast calls for stronger holiday season for retailers at CNBC. "Deloitte said it expects retailers to see holiday sales growth of as much as 4.5 percent. Last year, total sales for the season climbed 3.6 percent, matching results in 2015." Read more Walgreens gets regulatory nod for slimmed-down Rite Aid deal at Reuters. "Walgreens will acquire [...]
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