Tipsheet: Prime Sues Prime | WM Bratspies Iview | Bed Bath -7% Corp. | Costco SVP Fresh Iview
Bed Bath & Beyond cuts 7% of corporate staff by Carleton English at NY Post. “…eliminated the combined roles of president and chief operating officer, which had been held by Eugene Castagna…But Wall Street seemed unimpressed at the news and sent the stock down more than 2% in midday trading. “No one is terribly surprised by this,” one analyst told The Post.” Read more
U.S. Justice Department launches sweeping antitrust probe into top U.S. tech companies by Monica Nickelsburg at GeekWire. “No company is named in the announcement but DOJ says it will review “market-leading online platforms” with a focus on “search, social media, and some retail services online.” It’s safe to assume that the most powerful players in those industries, namely Google, Facebook, and Amazon, will be under the microscope.” Read more
UPS to get space in CVS, Michaels, Advance Auto Parts stores for package shipping, pickup by Nathan Bomey at USA Today. “The deal more than doubles the number of UPS Access Points in the U.S. to about 21,000…The expansion includes “most” of CVS’ about 9,600 stores, about 1,100 Michaels stores and an undisclosed number of Advance Auto Parts stores, UPS said.” Read more
Amazon Testimony May Have Been Untruthful, Top Democrat Says by Ben Brody at Bloomberg via Yahoo Finance. “The Rhode Island Democrat focused on testimony by Amazon lawyer Nate Sutton that the company doesn’t use data it collects on sales to favor its own products over third-party sellers.” Read more
Gap Inc. announces Nancy Green to join Old Navy as President and Chief Creative Officer Press release
Walmart’s Bratspies talks gender equality, Open Call, private brands by Kim Souza at Talk Business. “Bratspies said the best way for Walmart to understand the pricing structure of a category is to operate it. Those insights can then be shared with suppliers to help bring down costs…Bratspies has no “master plan” to become a large-scale manufacturer…“We are talking [about] one milk plant and one meat plant, which is a drop in the bucket to Walmart’s total need for these products,” he said.” Read more
Home Depot pledges to reduce carbon emissions 50% by 2035 Press release
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American Eagle exec says there shouldn’t be an age restriction on CBD at CNBC. “We don’t think there should be an age restriction. As I said, we are sticking to just topical CBD, which all the evidence shows is safe,” Chad Kessler, a global brand president for American Eagle, said on CNBC’s “Closing Bell.” Video/Read more
Amazon, Facebook lobbying hits record high amid heightened D.C. scrutiny by Steven Overly at Politico. “Facebook and Amazon each notched a quarterly sum above $4 million for the first time ever in the three-month period from April to June.” Read more
Stage Stores, Inc. plans to convert an additional 100 stores to Gordmans off-price in 2020 Press release
Trucking company sues Amazon over logo on tech giant’s shipping fleet by Nat Levy at GeekWire. “Prime Inc., a nearly 50-year-old trucking company based in Missouri, filed a lawsuit against Amazon earlier this month, alleging that the growing network of trucks sporting the Amazon Prime logo infringe on its trademarks and cause confusion among customers.” Read more
Costco SVP of fresh food Jeff Lyons discusses Equitable Food Initiative by Ashley Nickle at Produce Retailer. “EFI is one of a number of certification programs in the area of responsible labor practices, and Costco would like to see all of its suppliers move in that direction.” 18:11 video/Read more
UPS seeks government approval for ‘advanced’ drone delivery service by Andrew J. Hawkins at The Verge. “Very few drone companies have been given the green light under Part 135. In April, Alphabet’s Wing became the first to receive FAA approval to operate commercially. Others, including Uber’s food delivery service Uber Eats and Amazon Air, have yet to receive approval.” Read more
…UPS Is Moving to 7-Day Delivery with the Help of USPS at eCommerceBytes. Read more
Real estate giant Realogy partners with Amazon at CNBC. “Realogy and Amazon will now offer TurnKey, a program that takes potential homebuyers through the Amazon portal and connects them to a Realogy agent. Once they purchase a home, they then get complimentary Amazon Home Services and products worth up to $5,000.” Read more
Oakland clears homeless encampment after Home Depot delivers ultimatum by Alyana Gomez at Fox 2 KTVU. “What concerns me the most is I have 300 people working here,” (Councilman) Gallo said. He said many are people who grew up in East Oakland and that his community could not afford to lose 300 jobs. “Then I lose $8 million of annual tax money that helps me pay for services,” said Gallo.” Video/Read more
Tipsheet Extra Stories
Kohl’s apologizes after video shows mom wrongly accused of shoplifting
Forever 21 sends Atkins diet bars to plus-size customers
Mystery hangs over Warren Buffet’s charity lunch cancellation
FDA warns top marijuana company for making CBD health claims
This music superstar is performing at Amazon’s annual Post-Prime Day concert
Meet the Austin woman making hundreds of H-E-B tortillas a day
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