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CANADA – Recreational pot sales officially started at 12 a.m. on Wednesday through the provincial government’s online portal — www.bccannabisstores.com at Vancouver Sun. Read more …Until yesterday Uruguay was the only country to have legalized the entire value chain for adult recreational use of marijuana at Fortune. Read more …Canada Post workers […]
Walmart pairs with Advance Auto Parts to create online specialty auto parts store at CNBC. “The partnership will bring home delivery and same-day pickup in both Walmart and Advance stores. The venture will sell common auto parts and accessories, including tires, lube and battery services, online and in its 2,500 Walmart Auto Care Centers nationwide.” […]
Retail sales edged up in Sept amid the biggest drop in spending at restaurants and bars in nearly 2 years at CNBC. “The Commerce Department said on Monday retail sales edged up 0.1 percent last month after a similar gain in August. Economists polled by Reuters had forecast retail sales increasing 0.6 percent in September.” […]
Walmart Expands Entertainment Strategy With Eko Interactive Content Joint Venture by Cynthia Littleton at Variety. “Walmart has made an investment of about $250 million in Eko, a company based in New York and Tel Aviv…The plan calls for W*E to develop a range of content for Walmart’s website and its Vudu video service. Some of that […]
Walmart Reshuffles Senior Execs in E-Commerce, Grocery by Kim Souza at Talk Business. “Steve Breen is moving from eCommerce to the stores team as SVP of central merchandising…promoted Kieran Shanahan to SVP of eCommerce retail for Everyday Living…Ralph Clair was named VP of merchandising operations snacks, beverage and impulse items…Diane Marshall was named VP, […]
Hurricane Michael anticipated landfall is Wednesday on the northeast Gulf Coast at Miami Herald. Read more Trump to allow more ethanol in gasoline by Donnelle Eller at Des Moines Register. “E15 is banned during the summer months, based on concerns it contributes to smog, a claim ethanol advocates say is unfounded. Almost all gasoline […]
Costco Q4 comp sales (ex gas & f/x) +7.2% “Net sales for the 16-week fourth quarter were $43.4 billion, an increase of 5.0 percent from $41.4 billion in the 17-week fourth quarter last year.” Press release …Costco Falls After Reporting Problem With IT Systems in Results by Matthew Boyle at Bloomberg. “Costco’s information-technology problem, which roiled its […]
BETTER OFF? – Amazon eliminates monthly bonuses and stock grants after minimum wage increase at The Verge. “Currently, warehouse workers get two shares of Amazon stock when they’re hired ($1,952.76 per share as of writing), and an additional stock option each year. After the changes take effect, the RSU program will be phased out […]