Tipsheet: Women: REI #1 | Drizly Breach | T.Joe’s Push Back
Read: Amazon CEO Jeff Bezos testimony before House panel at The Hill. “My mom, Jackie, had me when she was a 17-year-old high school student in Albuquerque, NewMexico. Being pregnant in high school was not popular in Albuquerque in 1964. It was difficult for her. When they tried to kick her out of school, my grandfather went to bat for her. After some negotiation, the principal said, “OK, she can stay and finish high school, but she can’t do any extracurricular activities, and she can’t have a locker.” Read more
Alcohol delivery startup Drizly hit by a data breach at TechCrunch. “The hacker took customer email addresses, date-of-birth, passwords hashed using the stronger bcrypt algorithm, and in some cases delivery address, the email read. As many as 2.5 million Drizly accounts are believed to have been stolen.” Read more
Shopify beats quarterly revenue estimates on higher merchant signups at CNBC. “Revenue, for the second quarter ended June 30, rose about 97% to $714.3 million from a year earlier, beating the average analyst expectation of $513.83 million, according to Refinitiv IBES data.” Read more
Blue Apron turns profit at Fox Business. “…earned $1.1 million, or 8 cents per share, as revenue rose 10 percent from a year ago to $131 million. Wall Street analysts surveyed by Refinitiv were anticipating a 45-cent per-share loss on revenue of $102.9 million.” Read more
The Container Store Group Q1 net sales down 27.6% Press release
Victoria’s Secret owner L Brands is preparing to cut 15% of its corporate workforce, or about 850 jobs at CNBC. Read more
**A message from Comfy Sacks bean bag chairs – Comfy Sacks premium bean bag sales have spiked as consumers look for comfort at home. Filled with superior quality furniture grade foam. Offer your consumer something truly unique & comfortable. Booklet | Video | Website | Request sample bag: info@eyeonretail.net
PUSH BACK – Trader Joe’s disagrees any of its ethnic food brands are racist amid calls to change packaging at USA Today. “While Trader Joe’s says it plans to change some of the names and packaging of several of its ethnic food brands…”We want to be clear: we disagree that any of these labels are racist,” the company said a new statement shared with USA TODAY on Tuesday. “We do not make decisions based on petitions. … If we feel there is need for change, we do not hesitate to take action.” Read more
Protective face shields made with help of Prime Air drone engineers now for sale at cost on Amazon at GeekWire. Read more
Fast Company: Best workplaces for Innovators 2020 (Amazon #18, Etsy #48) Read more
Bed Bath & Beyond Inc. Appoints Lynda Markoe As Chief People & Culture Officer “Since 2003, Ms. Markoe has held various leadership roles at J.Crew Group, Inc., including Chief Administrative Officer and Global Head of Human Resources.” Press release
eBay Q2 revenue was $2.9 billion, up 18% on an as-reported basis – annual active buyers grew by 5% Press release
Meet America’s Best Employers For Women 2020 at (REI #1, Ulta #3, B.Buy #8) Forbes. List
J.Jill Q1 net sales -48% Press release
Walgreens Now Offers Nationwide Same-day Curbside Pick-up Press release
Tipsheet Extra
AMC Theatres, Universal collapsing theatrical window to 17 days
Struggling merchants, insurers battle over pandemic coverage
Dolly Parton/American Greetings roll out joyful series of cards at Walmart
Walmart’s Flipkart to offer 90-minute deliveries in India
3 food suppliers ordered to close after coronavirus outbreaks go unreported
**
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