Tipsheet: Amazon Demands Piece of Co. | N.Y. vs. Pharmacy Chains | Gas Outages Again

 

WANTED: TRUCK DRIVERS – Gas stations are running out of gas ahead of the holiday weekend at CNN. “Right now the outages are scattered across the country, said Tom Kloza, global head of energy analysis for the Oil Price Information Service, which tracks prices for AAA. He said there have been outages reported in the Pacific Northwest, Northern California, Colorado and Iowa. There are also outages reported in Indianapolis and Columbus, Ohio, said Patrick DeHaan, spokesperson for GasBuddy.” Read more

 

An Opioid Case Like No Other: N.Y. vs. the Entire Supply Chain at NY Times. “The New York complaint also had named as defendants four major pharmacy chains: Walmart, CVS, Rite Aid and Walgreens. But in the weeks leading up to the trial, all but Walgreens were severed from the case.” Read more

 

Amazon Demands One More Thing From Some Vendors: a Piece of Their Company at Wall Street Journal. “Suppliers that want to land Amazon.com as a client for their goods and services can find that its business comes with a catch: the right for Amazon to buy big stakes in their companies at potentially steep discounts to market value. The technology-and-retail giant has struck at least a dozen deals with publicly traded companies in which it gets rights, called warrants, to buy the vendors’ stock in the future at what could be below-market prices, according to corporate filings and interviews with people involved with the deals.” WSJ subs.

 

Walmart launches low-priced private label analog insulin at Reuters. “(Walmart) said its more than 3 million customers with diabetes could save between 58% and 75% off the cash price of branded analog insulin products, or up to $101 per branded vial or $251 per package of branded FlexPen.” Read more

 

How Amazon Bullies, Manipulates, and Lies to Reporters at Mother Jones. “Amazon is the only company I’ve dealt with that has directly lied to me,” said one tech writer…“They’d often lie about things we had proof of,” said another reporter, citing times they had visual evidence contradicting the communications teams’ claims. “There will be videos of these big walkouts and they’ll say only a few workers participated.” Read more

 

Playboy owner to buy lingerie retailer Honey Birdette for over $330 million at Fox Business. “Honey Birdette…has around 60 physical stores primarily located in Australia, with a few in the U.S. and the U.K. The company expects revenue of more than $73 million for the fiscal year that ends this month, representing growth of over 40%.” Read more

 

**A message from Comfy Sacks – High-end bean bags continue their meteoric sales growth! Grab your share of this high growth category and add some “wow” and high dollar ring to your assortment. Easy onboard / Retail ready. Website | Sample: info@eyeonretail.net

 

Amazon employee fired by a robot: It’s you vs machine’s algorithm at Bloomberg/Business Standard. “Bloomberg interviewed 15 Flex drivers, including four who say they were wrongly terminated, as well as former Amazon managers…Amazon knew delegating work to machines would lead to mistakes and damaging headlines, these former managers said, but decided it was cheaper to trust the algorithms than pay people to investigate mistaken firings so long as the drivers could be replaced easily.” Read more

 

Burberry shares tumble after saying CEO Marco Gobbetti will leave for Ferragamo at NY Post. “Gobbetti is credited with helping turn Burberry around by raising prices, appealing to younger shoppers and increasing the company’s exposure in higher-margin products like handbags.” Read more

 

Amazon opens buildings at the company’s headquarters to the public as a “cooling center” at GeekWire. “I’ll probably be here all day,” said Tiwari, a product manager at TikTok who was one of the first people to arrive when Amazon opened its Meeting Center, which also turned into a COVID-19 vaccination site earlier this year.” Read more

 

Me@Walmart app aims to improve store efficiency, support employees at Talk Business. “The mobile clock-in function was added and has become the favored way to clock in and out. The mobile time clock uses geofencing technology around the store, and employees tap the button once when they arrive at the store and can go right to work. Justin Tallman, stocking team lead at store No. 2686, said this saves employees five to 15 minutes…” Read more

 

Amazon delivery contractors quit Portland routes, citing ‘unsafe’ work expectations at Seattle Times. “The two companies have about 155 drivers between them, averaging 22,000 Amazon deliveries each day in the Portland area. That may not be enough to disrupt Amazon’s local deliveries and get the company’s attention. The Seattle-based company uses other delivery contractors, including the U.S. Postal Service, and has its own drivers, too.” Read more

 

Amazon is making more real estate moves east of Seattle, adding hundreds of Amazon Web Services roles in Redmond, Wash. at GeekWire. Read more

 

Tipsheet Extra

Venmo to raise fees on instant transfers starting Aug. 2

Jeff Bezos goes after girlfriend’s brother for $250K in legal fees

Target admits St. Paul Juneteenth display ‘missed the mark’

Instagram tests letting anyone share a link in stories

Home prices surge by most on record with flight to the suburbs

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Tipsheet: Women Advance @ Best Buy | Target Inks Queens Deal | Rite Aid +2.2%

 

US economy up 6.4% in Q1 with stronger future gains expected at AP. “Consumer spending…grew at a sizzling annual rate of 11.4% in first three months of the year…Business investment grew at a strong 11.7% rate…” Read more

 

Prime Day 2021 was the biggest two-day period ever for Amazon’s third party sellers “Top-selling products worldwide for Prime Day 2021 included iRobot Roomba 692 Robot Vacuum, Keurig K-Slim Coffee Maker, Apple Cider Vinegar Gummy Vitamins by Goli Nutrition, and Crest 3D White Professional Effects Whitestrips.” Press release

 

Amazon’s Prime Day results were more muted than usual this year at CNBC. “Amazon’s publicity around the Prime Day results was muted compared with previous years, lacking the sales superlatives it typically offers to show how consumers flocked to the site to snap up heavily marked-down goods.” Read more

 

U.S. durable goods orders rise 2.3% in May at AP. “…reversing a 0.8% drop in April and coming despite a backlogged supply chain and a shortage of workers.” Read more

 

Rite Aid Q1 revenues up 2.2% Press release

 

Sobeys parent sees sales slide as grocery shopping begins to get back to normal at Financial Post. “Empire booked earnings of $171.9 million — down $5.9 million year over year — on sales of $6.9 billion in the quarter, ended May 1. Same-store sales…decreased by six per cent, excluding fuel.” Read more

 

Parity.org Best Companies for Women to Advance List 2021 (Best Buy) List

 

Goat Group, Parent of Sneaker Marketplace, Valued at $3.7 Billion in Latest Funding Round at Wall Street Journal. “The company also provided detail about its financial performance, saying $2 billion of merchandise was sold on its Goat platform over the past year. Sales of sneakers during the period doubled compared with the previous year.” WSJ subs.

 

** The Sweets & Snacks Expo is happening now! Find all the product innovations, insights and industry connections you need to build a world-class in-store or online experience that will delight your shoppers. Who’s exhibiting | Show website | Indianapolis, June 23-25 2021

 

Target inks huge deal in Queens at NY Post. “When it opens…the store will have a dedicated ground-floor entrance, the entire 23,400-square-foot second floor and a portion of the third floor of the four-story retail building that is connected to the main 53-story tower’s lobby and Court Square subway hub.” Read more

 

FedEx suspended service for 1,400 freight customers at Fox Business. “In addition to culling customers, FedEx is imposing a $30 per shipment fee on FedEx Freight deliveries to certain ZIP Codes after July 5. Affected are the Sacramento, Calif., Seattle and Miami areas along with parts of New Jersey and Long Island, N.Y.” Read more

 

Gap Home will be available to shop on Walmart.com starting today Press release

 

Best Buy Commits to Spending $1.2 Billion with BIPOC and Diverse Businesses By 2025 “This pledge includes plans to increase all forms of spending with Black, Indigenous and people of color (BIPOC) businesses from nearly every corner of the company—from how it brings goods and services to stores to its supply chain to where and how it advertises.” Press release

 

Home Depot launches online rental reservations; opens new rental locations “After piloting online reservations in the Atlanta, Charlotte and Houston markets, The Home Depot has made the system available to rental customers across North America. The Home Depot also has opened eight new Rental Centers since January…” Press release

 

Pep Boys will shutter several New Jersey stores as part of its plan to close over 100 locations and shift the company out of retail operations at NJ Advance Media. Read more

 

Tipsheet Extra

Amazon vet Dorothy Li joins trucking startup Convoy as CTO

Marc Lore says brands like Warby Parker can’t be replicated by big-box retailers

Ahold Delhaize U.S. CEO on building consumer trust

Google pushes back deadline to kill third-party cookies to 2023

Amazon scooping up solar and wind energy projects around the world

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Tipsheet: B.Buy +Grills | NYT Hits Amazon | Albertsons New Chief Merch. Officer

 

A Covid-era lease break for retailers looks set to become industry standard at CNBC. “Once-temporary rent breaks for retailers are expected to become the new standard among landlords, even after pandemic restrictions end and shopping rebounds, the Wall Street Journal reported Tuesday.” Read more | WSJ subs.

 

The Amazon that customers don’t see: Inside a key warehouse during the pandemic at NY Times via Seattle Times. “Last September, Ann Castillo saw an email from Amazon that made no sense. Her husband had worked for the company for five years…Now it wanted him back on the night shift. “We notified your manager and HR about your return to work on Oct. 1, 2020,” the message said. Castillo was incredulous. While working mandatory overtime in the spring, her 42-year-old husband, Alberto, had been among the first wave of employees at the site to test positive for the coronavirus.” Read more

 

Amazon commits $150M for new ‘Black Business Accelerator’ amid reports of racial discrimination at GeekWire. “The money will be distributed throughout the next four years specifically to Black entrepreneurs selling on Amazon. Participants can access grants through Amazon credits and services, including imaging services and advertising credits. Participants can also receive coaching on marketing and brand promotion.” Read more

 

CVS Pharmacy loyalty program is now paying 2% back in ExtraBucks rewards moments after nearly every transaction, rather than being paid out on a quarterly basis Press release

 

Shopify signs up Google, Facebook for expanded partnership at Financial Post. “Shoppers who connect with retailers through Facebook or Google properties such as Instagram, YouTube or Google Maps will be able to pay for their purchase using Shop Pay, starting in July for Facebook and later in 2021 for Alphabet Inc.’s Google.” Read more

 

Walgreens Now Offering Retail Products on Uber Eats for Same-Day Delivery Across the United States Press release

 

Best Buy will sell luggage, grills as it seeks to capitalize on reopening economy, housing market at CNBC. “Best Buy is starting to sell luggage and outdoor grills, as it tries to take advantage of the rebounding travel industry and the popularity of investing in the home.” Read more

 

** The Sweets & Snacks Expo is a can’t-miss event for thousands of confectionery and snack retailers, manufacturers and suppliers – here you’ll find all the product innovations, insights and industry connections you need to build a world-class in-store or online experience that will delight your shoppers. See who’s exhibiting | Show website | Indianapolis, June 23-25 2021

 

US retail sales take step back as spending pivots to services at Fox Business. “Retail sales fell 1.3% last month. Data for April was revised higher to show sales increasing 0.9% instead of being unchanged as previously reported.” Read more

 

Albertsons Companies Names Jennifer Saenz EVP, Chief Merchandising Officer “Saenz, 43, has over 15 years of experience in the consumer packaged goods sector, holding roles of increasing responsibility within PepsiCo since 2005. Since 2019, Saenz has served as Global Chief Marketing Officer and President, Global Foods…” Press release

 

Walmart Management Presents at 2021 Evercore ISI Consumer & Retail Summit Conference at Seeking Alpha. Transcript

 

Sprout Names Michael Johnston to New Position as Head of Distributed Retail Press release

 

Google’s first retail store opens this week at The Verge. “…located underneath its offices in the Chelsea neighborhood in New York City…Google characterizes this as its “first” store, but in a call with press yesterday declined to say when, where, or even whether other stores could open.” Read more

 

Tipsheet Extra

Ikea ordered to pay $1.3 million fine for spying on French employees

Publix Leaders Recognized as ‘Top Women in Grocery’

States to end unemployment benefits for more than 400,000 people this weekend

Structurlam CEO: Walmart project is right on track

North Korea’s Kim calls food situation ‘tense’ as reports of shortages mount

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Eye on Retail Tipsheet is must-read morning material for retail execs. Tipsheet stories are carefully curated every morning to ensure fresh and unique content.

 

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Tipsheet: Boxed SPAC Deal | H.Depot’s Container Ship | Fast Super Spikes

 

Grocery Courier Boxed to Go Public in SPAC Deal at Wall Street Journal. “Boxed and Seven Oaks Acquisition Corp. said the deal would value the combined company at nearly $900 million and provide money to serve more households and businesses that started ordering groceries online during the pandemic…Boxed isn’t profitable, Mr. Huang said, but Boxed and Seven Oaks projected that its software, advertising and delivery businesses would help it turn a profit within several years.” WSJ subs.

 

Home Depot contracted its own container ship as a safeguard at CNBC. “We have a ship that’s solely going to be ours and it’s just going to go back and forth with 100% dedicated to Home Depot,” Chief Operating Officer Ted Decker said in an interview. It marks the first time that the company has taken such a step.” Read more

 

Walton Family, World’s Richest, Raises $2.1 Billion From Walmart Holdings at Bloomberg. “Members of the Walton family have sold 16.7 million shares of Walmart Inc. this year as they try to keep their stake in the world’s biggest retailer from ballooning amid the company’s stock buybacks. The Walton Family Holdings Trust sold $430 million worth over the past week, taking their total sales to almost $2.1 billion since Jan. 1, according to Securities and Exchange Commission filings.” Tiered subs.

 

Sam’s Club getting into home improvement business at Fox Business. “…in collaboration with Service Finance Company, LLC, a subsidiary of ECN Capital Corp., announced plans to launch Sam’s Club Home Install Experts by Service Finance. The service is said to connect members with local home improvement contractors…” Read more

 

** The Sweets & Snacks Expo is a can’t-miss event for thousands of confectionery and snack retailers, manufacturers and suppliers – here you’ll find all the product innovations, insights and industry connections you need to build a world-class in-store or online experience that will delight your shoppers. See who’s exhibiting | Show website | Indianapolis, June 23-25 2021

 

Spare ticket for spaceflight with Jeff Bezos auctioned for $28 million at CNN. “The company kicked off the auction last month — before it was revealed that billionaire founder and Amazon mogul Bezos, along with his brother Mark Bezos, would be on board New Shepard’s inaugural crewed mission…The flight is expected to take off from Blue Origin’s facilities in West Texas town of Van Horn, on July 20.” Read more

 

Amazon’s new robotic recruits aim to reduce workplace injuries at Fox Business. “Also in development is Amazon’s first autonomous mobile robot, Bert, which is designed to navigate freely through its facilities using advanced safety, perception and navigation technology. According to Amazon, Bert would not have to remain in a restricted space and would be used to carry individual items across its fulfillment centers.” Videos/Read more

 

Amazon’s game streaming service Luna is opening access to all Prime members June 21 and 22 at The Verge. Read more

 

Why Japan refuses to work from home—even in a deadly pandemic at Fortune. “The latest figures from Tokyo-based non-profit Japan Productivity Center (JPC) show that remote work has ticked up to 20% across Japan since the start of the pandemic, just ten percentage points higher than “normal.” By comparison, 44% of Americans worked from home during the pandemic, up from 17%.” Read more

 

Nike Super Spikes Are So Fast That Rivals Are Wearing Them at Wall Street Journal. “…the near-universal belief that they help has prompted a radical move ahead of the U.S. Olympic Track & Field trials that start June 18 in Eugene, Ore.: Brands that pay elite athletes to endorse their shoes are granting them permission to wear a competitor’s product. For many runners, that’s Nike. Reebok and Brooks have said they’ll allow their athletes to wear another brand at the trials.” WSJ subs.

 

Tipsheet Extra Stories

Shopify acquires the team from augmented reality startup Primer

Starbucks files trademark application for stadium naming rights

Mall owner Washington Prime Group files for Chapter 11 bankruptcy

Post-pandemic life has thrust us into the 6th stage of grief: the search for meaning

Amazon Is Pushing For Legalization, But It Probably Won’t Deliver Cannabis

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Tipsheet: Eilish @ Prime Day Show | WM’s 700 Interns | Sally Beauty’s New Anthem

 

Amazon’s ‘Prime Day Show’ will feature Billie Eilish, H.E.R. and Kid Cudi in streaming musical event at GeekWire. “…will premiere globally on Prime Video starting June 17. The event will be available to all customers for 30 days, with or without a Prime membership.” Read more

 

Lululemon first-quarter sales rise 88%, topping estimates at CNBC. “Lululemon’s direct-to-consumer revenue climbed 55% to $545.1 million year over year. Sales in North America were up 82% and increased 125% internationally.” Read more

 

Walmart gives 740,000 associates a free Samsung smartphone at CNN. “Walmart said the primary use of the phone is for its new employee app called Me@Walmart, which the company explained in a release is meant to “simplify daily tasks, serve our customers and plan for life outside of work.” Read more

 

Flink, the German grocery delivery startup, raises $240M after launching just 6 months ago at TechCrunch. “REWE — a German supermarket giant — has inked a strategic partnership with the company that will make Flink its preferred partner for smaller shopping grabs…” Read more

 

Restaurants, Supermarkets Can’t Find Enough Workers to Open New Locations at Wall Street Journal. “Since March, (new grocer) Dom’s has hired nearly 150 of the 160 employees it wants ahead of the opening. It wasn’t easy. A human-resources executive tried to recruit a potential employee while out to dinner. The company added referral bonuses and plans to get temporary staff from food-services companies if needed, Mr. Fitzgerald said.” WSJ subs.

 

Fast Company’s Queer 50 List (#6 – Landry, VP of Grocery Amazon / #13 – Hennington, EVP Target) Ranked list

 

Walmart welcomes 700 corporate interns in virtual summer program at Talk Business. “Goldfinger (SVP of Global Talent) said Walmart hires about 80% of those who intern, and the program remains vital to growing future talent. Goldfinger started her career at Walmart as an intern three years ago.” Read more

 

** The Sweets & Snacks Expo is a can’t-miss event for thousands of confectionery and snack retailers, manufacturers and suppliers – here you’ll find all the product innovations, insights and industry connections you need to build a world-class in-store or online experience that will delight your shoppers. See who’s exhibiting | Show website | Indianapolis, June 23-25 2021

 

Target Resumes In-Store Sales of Pokemon Cards at Comicbook. “Target has not given any indication when sports trading cards will return to stores.” Read more

 

D’Agostino’s executive steps down in grocery chain shake up at NY Post. “Both businesses have shrunk dramatically over the years, with Gristedes down to 18 stores from 200 in its heyday and 11 D’Agostino’s stores, down from 26 at its peak in the New York metro area.” Read more

 

Home Depot CEO Craig Menear @ Alliance Bernstein 37th Annual Strategic Decisions Conference at Seeking Alpha. Transcript

 

A TikTok tune is becoming Sally Beauty’s new anthem as it embraces vivid hair color to fuel growth at CNBC. “Bright hair colors have gained popularity over the past five years, but especially took off during the pandemic, CEO Chris Brickman said. The retailer has been in the midst of a transformation as it leans into e-commerce and reaches out to younger consumers on TikTok and other social media.” Read more

 

Amazon pursuing Al Michaels for mega-deal to make him lead NFL voice at NY Post. Read more

 

Tipsheet Extra

The secret behind Amazon’s domination in cloud computing

Walmart exec receives award honoring Black business icon

On game night ‘Monopoly’ leads to the most fights among family, friends

Dick’s Sporting Goods announces new concept store in Knoxville

Amazon Halo will use your smartphone camera to assess your ‘Movement Health’

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Eye on Retail Tipsheet is must-read material for retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.

 

Subscribe to Eye on Retail Tipsheet here

 

Contact us: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to info@eyeonretail.net

 

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Tipsheet: Ace Hardware #1 | At Home +187% | Prime Day June 21/22

 

Amazon Prime Day will take place June 21 and 22 Press release

 

Largest meat producer getting back online after cyberattack at AP. “If it were to shut down for even one day, the U.S. would lose almost a quarter of its beef-processing capacity, or the equivalent of 20,000 beef cows, according to Trey Malone, an assistant professor of agriculture at Michigan State University.” Read more

 

Amazon Faced 75,000 Arbitration Demands. Now It Says: Fine, Sue Us at Wall Street Journal. “Companies have spent more than a decade forcing employees and customers to resolve disputes outside the traditional court system, using secretive arbitration proceedings that typically don’t allow plaintiffs to team up and extract big-money payments akin to a class action. Now, Amazon.com Inc. is bucking that trend.” WSJ subs.

 

Ace Hardware ranks #1 (Menards #2) in customer satisfaction for Home Improvement retailers at J.D. Power. “Just 13% of home improvement retailer customers say they purchased products via a retailer’s website… satisfaction among Gen Y and Gen Z customers averages 842 (on a 1,000-point scale) while overall satisfaction among Gen X and Boomers averages 824.” Press release

 

At Home Group Q1 comp sales +187.3% Press release

 

Walmart to increase hours Saturday with stores opening at 6 a.m. at USA Today. “Starting June 5, stores will open an hour earlier – at 6 a.m. each day – except for Tuesday mornings, when Walmart will continue to hold its weekly senior hours for those most vulnerable to COVID-19…Most pharmacies and vision centers will resume pre-COVID hours beginning July 3.” Read more

 

** The Sweets & Snacks Expo is a can’t-miss event for thousands of confectionery and snack retailers, manufacturers and suppliers – here you’ll find all the product innovations, insights and industry connections you need to build a world-class in-store or online experience that will delight your shoppers. See who’s exhibiting | Show website | Indianapolis, June 23-25 2021

 

Advance Auto Parts Q1 comp sales +24.7% Press release

 

Etsy targets Gen Z shoppers with $1.6 billion Depop acquisition at The Verge. “Etsy says more than 90 percent of Depop’s users are under 26…while Etsy’s own users are firmly millennial, with a median age for sellers of around 39. Etsy claims that Depop is the 10th most visited shopping site for Gen Z consumer in the US.” Read more

 

Amazon backs legal pot, mellows on employee testing and tracking at GeekWire. “But perhaps the biggest news for hundreds of thousands of warehouse employees is that the online retail giant is modifying its infamous Time off Task employee tracking software to provide more breathing room for bathroom breaks, conversations with supervisors, and equipment repair.” Read more

 

Walgreens completes the sale of its Alliance Healthcare businesses to AmerisourceBergen for approximately $6.5 billion Press release

 

Instacart has a plan to use robots instead of shoppers at NY Post. “(Instacart), which has been slammed with protests over accusations that it has been nickel-and-diming its workers, would largely eliminate personal shoppers under the initiative except for those that gather fresh food, according to the report.” Read more

 

How the World Ran Out of Everything at DNYUZ. “The real question is, ‘Are we going to stop chasing low cost as the sole criteria for business judgment?’” said Mr. Shih, from Harvard Business School. “I’m skeptical of that. Consumers won’t pay for resilience when they are not in crisis.” Read more

 

Tipsheet Extra

Albertsons’ Electric Trucks Hit the Streets

Sam’s Club Brings Sampling Back to Clubs Nationwide

Target joins list of retailers reopening dressing rooms

Amazon workers injured on the job far more often than competitors

One way companies are concealing higher prices: Smaller packages

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Eye on Retail Tipsheet is must-read material for retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.

 

Subscribe to Eye on Retail Tipsheet here

 

Contact us: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to info@eyeonretail.net

 

Website: eyeonretail.net