Tipsheet: WM Ditches Min | At Home +44% | WM Bumps Amazon App
Walmart ditches online shipping minimum for Walmart+ members at AP. “Walmart+ members will receive free next-day and two-day shipping on non-perishable items shipped by Walmart, no matter the purchase amount…However, delivery directly from Walmart’s brick-and-mortar stores on basic items like fresh groceries will still carry a $35 minimum and can come as soon as the same day.” Read more
Pier 1 owner buys bankrupt Stein Mart for $6 million, to relaunch brand online next year at CNBC. “Miami-based Retail Ecommerce Ventures has emerged as the winner of a bankruptcy court auction for the intellectual property of Stein Mart, the company announced Wednesday. It will pay $6.02 million for the Stein Mart nameplate, as well as its private-label brands, domain names, social media assets and other customer data.” Read more
Amazon is laying the groundwork for its own quantum computer at Bloomberg via Seattle Times. “One person briefed on Amazon’s plans, but not authorized to discuss them, says the company is using a superconductor model, a similar approach to that used by Google and IBM, among others. The person said Amazon has been on a hiring spree to staff its quantum computing group.” Tiered subs.
U.S. private payrolls miss expectations in November: ADP at Reuters. “Private payrolls increased by 307,000 jobs last month, the ADP National Employment Report showed on Wednesday. Data for October was revised up to show 404,000 jobs added instead of the initially reported 365,000. Economists polled by Reuters had forecast private payrolls would rise by 410,000 in November.” Read more
At Home Group Q3 comp sales +44.1% Press release
Amazon edged out by Walmart for first-time app downloads on Black Friday at Fast Company. “Amazon saw 106,000 installs on November 27 versus Walmart’s 131,000, Sensor Tower reports.” Top 10 app downloads
Seattle U names $100M Center for Science and Innovation after Costco co-founder and wife at GeekWire. Read more
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Fashion retailer Tailored Brands emerges from bankruptcy protection at Reuters. Read more
Shopify Merchants Break Records with $5.1+ Billion in Worldwide Sales over Black Friday/Cyber Monday Weekend “From November 27 through November 30, total sales grew by 76% from the $2.9+ billion reported for Black Friday/Cyber Monday weekend in 2019…” Press release
BigCommerce Merchants Experience Highest Ecommerce Sales Ever During Cyber Week Press release
Jay Schmidt named president of Caleres “Schmidt will assume responsibility for all of the consumer and brand strategy for Caleres’ entire portfolio, which includes Famous Footwear, Allen Edmonds, Dr. Scholl’s, Naturalizer, Sam Edelman and Vionic, among others.” Press release
Rite Aid Hires Texanna Reeves to Lead Diversity, Equity and Inclusion Efforts Press release
Refrigerators, Ovens Get a Hygiene Makeover During Covid-19 Pandemic at Wall Street Journal. “Samsung Electronics Co. is scooping up scientists who specialize in water and air quality, and Beko Electrical Appliances Co., a Turkish manufacturer, recently rolled out “HygieneShield,” a range of appliances such as refrigerators and ovens equipped with disinfection drawers…According to Mark Choe, a senior vice president at Samsung’s digital appliances business division, “all of our product development now is being done through the lens of hygiene.” WSJ subs.
Bars, restaurants may never fully recover from pandemic, Molson Coors CEO says at Fox Business. Read more
Tipsheet Extra
How Francis Ford Coppola Got Pulled Back In to Make ‘The Godfather, Coda’
Biden says will not kill Phase 1 trade deal with China immediately: NYT
‘E-commerce as entertainment’: An investor behind Goop predicts the wild future of retail
Amazon delves deeper into voice recognition, call-center work as COVID-19 drives cloud
Trader Joe’s workers in ‘state of terror’ over NY’s coronavirus surge
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