McLay #9 Power | Publix #22 Tech | Target/’Wicked’

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2024 100 Most Powerful Women in Business (Lynch #2 / McLay #9 / Campbell #50 / Barry #58) at Fortune. “The list features women from six continents, 19 countries and territories, and 14 different industries, proving there is no one-size-fits-all approach to reaching the pinnacle of business.” Read more | Press release

 

Sneak Peek of Prime Big Deal Days (Starting October 8th) Press Release

 

Ship queue grows at US ports at Reuters. “At least 45 container vessels that have been unable to unload had anchored up outside the strike-stricken East Coast and Gulf Coast ports by Wednesday, up from just three before the strike began on Sunday, according to Everstream Analytics.” Read more

 

…Coffee containers pile up at US ports at Reuters. “Prices for coffee held in U.S. warehouses are already rising due to the delays, said one coffee trader with containers stuck in ports. “We have some 40 containers waiting to be moved,” said the head trader of one of the largest coffee importers in the U.S.”. Read more

 

Striking Dockworkers Are Top Earners—When They Work at WSJ. “Dockworkers say that behind the outsize pay demand and the ranks of high-earning union members, especially in the New York region, are thousands who earn far less loading and unloading cargo at ports in places like Virginia, Florida and Texas, where pay scales are lower and ports aren’t as busy.” WSJ subs.

 

Union boss who threatened to ‘cripple’ economy lives in luxe 7,000-square-foot mansion at NY Post.  “Photos taken by drone on Tuesday show the (Bentley)…outside what appears to be a five-car garage that’s connected to his 7,136-square-foot, Tudor-style home by a covered skyway. The hulking, two-story mansion — located on a 10-acre property in Sparta, a leafy enclave 50 miles west of New York City — encircles a spacious backyard patio with an amoeba-shaped pool.” Read more/Pics

 

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Best Employers for Tech Workers (Publix #22 / Home Depot #27 / Big 5 #28 / Costco #30) at Forbes. Full list

 

CRAMER: Oppenheimer thinks Costco could get a short-term bump in sales from customers stocking up on goods due to the port strike. This view was based on their checks at a Northern New Jersey store.

 

QVC to add USA Pickleball to its home shopping experience at CNBC. “…will mix the shopping experience with the live matchups. As part of the partnership, QVC will also be the exclusive retail industry partner of USA Pickleball.” Read more

 

Target partners with ‘Wicked’ costume designer Paul Tazewell on 150+ movie-inspired products Press release

 

Thousands of shipping containers have been lost at sea. What happens when they burst open? at AP News. “Russ Lewis has picked up some strange things along the coast of Long Beach Peninsula in Washington state over the years: Hot Wheels bicycle helmets with feather tufts, life-size plastic turkey decoys made for hunters, colorful squirt guns. And Crocs — so many mismatched Crocs…More than 20,000 shipping containers have tumbled overboard in the last decade and a half.” Read more

 

Walmart employees to get expanded cancer treatment options with the Mayo Clinic at AP/ABC. “Walmart’s cancer program had been offering employees and their dependents help from the Mayo Clinic on breast, lung, colon, prostate, pancreatic and blood cancers. It is now expanding the coverage to include most other cancers.” Read more

 

Costco now sells platinum bars — but some financial pros say they aren’t a sure bet at MarketWatch

 

Why Target’s Good & Gather Line Hit the Mark at Progressive Grocer. Conlin Q&A

 

Mooresville, N.C. Worries There’s Danger Lurking Under Its Lawns at WSJ. “Coal ash, which contains arsenic, heavy metals and radioactive elements, is stirring unease in this town of 50,000…North Carolina records show 350,000 tons of coal ash under a Lowe’s, 100,000 tons under a daycare center and 54,000 tons under apartments next to a high school.” WSJ subs.

 

Sen: Elizabeth Warren is requesting answers from Stop & Shop after a Boston youth group revealed higher prices at store in low-income neighborhood Warren Letter

 

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C-store Top 10 | CVS Cuts 2.9K | Ace #5 | NC Mules

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A historic strike is underway at U.S. ports at CNBC. “Danish shipping giant Maersk has warned that just a one-week shutdown could take four to six weeks to recover from…” Read more

 

…Can West Coast ports absorb East and Gulf Coast import volumes? at Fox News. “I don’t think we’re going to see a lot of re-routing. I do think that the ports on the West Coast are preparing for some increase in volume associated with that. But their ability to absorb nearly 50% of the import volume is not even a remote possibility,” (EVP @ ASCM) Kent said.” Read more

 

CVS explores options including potential break-up at Reuters. “The plan to potentially split the company’s pharmacy chain and the insurance business has been discussed with the board of directors, which is yet to decide on the best course of action for CVS to pursue.” Read more

 

…CVS to lay off nearly 3,000 employees at The Hill

 

Supplies arrive by plane and mule to North Carolina as Helene death toll tops 100 at Politico. “Several dozen people gathered on high ground in Asheville, where they found one of the city’s hottest commodities — a cell signal. “Is this day three or day four?” Colleen Burnet asked. “It’s all been a blur.” Read more

 

…Home Depot and Lowe’s join Hurricane Helene relief efforts

 

Consumers have crowned Wawa the nation’s No. 1 c-store chain at CNBC

These are the ACSI’s top scoring c-store chains: 

  1. Wawa 
  2. QuikTrip
  3. Buc-ee’s
  4. Murphy USA 
  5. Casey’s General Stores 
  6. Sheetz 
  7. Kwik Trip 
  8. BP 
  9. Cumberland Farms 
  10. Speedway 

 

PetSmart CEO J.K. Symancyk is stepping down immediately. Alan Schnaid, who has served as the Company’s CFO since 2017, will serve as interim CEO until a successor is in place. Press release

 

The Franchise Times Top 400 (7-Eleven #2, Ace Hardware #5) Full list

 

As big supermarkets pursue profits, new research shows growing exploitation of shrimp farmers at AP News. “The analysis of the industry in Vietnam, Indonesia and India, which provide about half the shrimp in the world’s top four markets, found a 20%-60% drop in earnings from pre-pandemic levels as producers struggle to meet pricing demands by cutting labor costs.” Read more

 

When the dollar store closes, US families on food benefits lose a lifeline at Reuters

 

San Jose’s record sixth Costco getting closer to reality, and not everyone is happy at Fox News. “The location is inappropriate,” Julie Reynolds, president of the high school’s Parent Teacher Student Association, said, according to the Spotlight. “It’s less than 50 feet from long-established homes, close to several parks, across from assisted living centers and 1,000 feet from a high school.” Read more

 

Amazon workers ‘rage apply’ for other jobs after RTO mandate adds hours to commute: ‘I will not go back’ at NY Post

 

Mexico antitrust regulator to rule on Walmart unit in coming days says at Reuters. “Mexican antitrust regulator Cofece…had alleged that Walmart de Mexico was imposing prices and terms on its suppliers or distributors…” Read more

 

2-year-old child is OK after getting stuck playing in Amazon package locker at GeekWire

 

How Walmart Is Connecting Shoppers With Jobs at Progressive Grocer. “Manpower recently opened two job “hubs” in Walmart stores, in Sturtevant, Wis., and High Point, N.C., and plans to unveil four more within the coming weeks at locations in Texas, Minnesota and North Carolina.” Read more

 

Why Do All These 15-Year-Old Boys Want to Smell Like the 1990s? at WSJ. “About 44% of boys ages 12 to 14 and 57% ages 15 to 17 use fragrance, according to market-research firm Mintel. Fragrance is the fastest-growing beauty category in 2024, up 15% since January, according to market-research firm Circana.” WSJ subs.