Tipsheet: Cornell @ CNBC | Flu Killer? | Best Buy Donates
Walmart’s Big Bet on Home Delivery Hasn’t Paid Off Yet by Matthew Boyle at Bloomberg. “(Marc Lore’s) a tenacious fighter,” said Kirthi Kalyanam at Santa Clara University’s Leavey School of Business. “Evidence suggests he really hates Amazon. For him it’s personal, not business.” Read more
Target CEO: Online shopping alone won’t cut it, retailers also need great stores at CNBC. “Cornell on “Squawk Box: “For the foreseeable future, the majority of U.S. retail sales will still take place at stores.” Video/Read more
Retailers are trying to profit off Toys R Us’ struggles by Lisa Fickenscher at NY Post. “The buzz at Toy Fair this week, according to Silver, is that Kohl’s, JCPenney, Best Buy and others are talking to manufacturers about increasing their toy inventory this year.” Read more
Crate & Barrel Relaunches Kids Division Inside Existing Stores by Lindsey Rupp at Bloomberg. “…is renaming Land of Nod…as Crate & Kids, according to a company representative. It will debut March 7 and be integrated into more than 40 Crate & Barrel stores by early April. All Land of Nod stores will be closed by the end of May.” Read more
Amazon plans to open as many as six more cashierless Amazon Go stores this year by Jason Del Rey at Recode. “Amazon has held serious talks with billionaire developer Rick Caruso about bringing a Go store to The Grove, his 600,000-square-foot outdoor shopping Mecca, two of these people said.” Read more
Drug That Promises to Kill Flu in a Day Approved in Japan by Preetika Rana at Wall Street Journal. “Osaka-based Shionogi plans to file for U.S. approval later this year, and doesn’t expect a decision before 2019. Switzerland’s Roche has already acquired the license to sell Xofluza overseas, including in the U.S.” Read more (subs.)
Best Buy customers, staff donate $20 million to St. Jude’s by Shannon Prather at Star Tribune. Read more (tiered subs.)
Amazon’s latest Prime perk is free shipping on its deals site Woot! by Sarah Perez at Techcrunch. Read more
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Retailers that promote auto-renewal subscriptions online will have to allow online cancellation when a new California law takes effect July 1 by Jamie Rubin at Internet Retailer. Read more
Loblaw shrugs off PC Optimum card glitches, signs up 6 million customers amid fierce competition by Hollie Shaw at Financial Post. “In December, the retailer admitted that it was the whistleblower as one of the players in a widespread industry scheme to fix bread prices, and it incurred a slew of charges in the period totalling $230 million.” Read more
Chase ‘Glitch’ Exposed Customer Accounts at Krebs on Security. “Fly & Dine included screenshots of one of their writer’s spouses logged into the account of a fellow Chase customer with an Amazon and Chase card and a balance of more than $16,000.” Read more
Jet’s website may not be reaching customers beyond city limits by Tonya Garcia at MarketWatch. “Walmart plans to invest more in the flagship website and lower its spending on Jet “except in urban markets” because the customer-acquisition cost is lower.” Read more
H&M speaks out on Chinese prison labor claim by Daniel Shane at CNN Money. “H&M said that it couldn’t confirm whether Humphrey’s allegations were true, but added that it was taking them “very seriously.” Read more
L.L.Bean President, CEO to Deliver Dickinson College Commencement Address Press release
Home Depot’s podcast series “Give Me An H” talks to Hector Padilla, President, Southern Division Transcript (English) | Podcast (Spanish)
Apple devices are butt dialing 911 from its refurbishing facility – 1,600 calls since October by Sarah Buhr at Techcrunch. “Apple has told CBS Local it was aware of the problem and was “working closely with local law enforcement to investigate the cause and ensure this doesn’t continue.” Read more
Tipsheet Extra Stories
Does #MeToo Matter in the Teamsters? Trucker Sisters Take on “Boys Club”
Man found guilty of hijacking truck from Costco parking lot, crashing it into a tree
General Mills to buy natural pet food company Blue Buffalo
First National Bank of Omaha and car rental company Enterprise bail on NRA
Are Driving Bans Coming for German Cities?
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