Tipsheet: McKenna #21 Power | China Livestreaming

 

From Online Shoppers to Dairy Farmers, the New Nafta Will Leave Winners and Losers in Its Wake at Fortune. “The deal will raise Canada and Mexico’s de-minimis levels, or the threshold above which consumers pay tax on a cross-border shipment. This means, for instance, that Canadians will now be able to buy more online, tax-free.” Read more

 

The World’s 100 Most Powerful Women at Forbes. 

Judith McKenna #21

Roz Brewer #43

Ranked list

 

Can Bergdorf Goodman Win the Barneys Race? by Sapna Maheshwari at NY Times. “While (President Darcy) Penick, who speaks in measured tones and has a blond pixie cut, aims to propel Bergdorf’s forward, her office is steeped in reminders of the store’s legacy. There is a letter from Jacqueline Kennedy to a Bergdorf’s associate about hats, and a photo of a young Michael Kors, who got his start at the store.” Tiered subs.

 

lululemon Q3 comp sales +16% Press release

 

Safeway Owner, Rival Grocers Bet on Smaller Warehouses by Jaewon King at Wall Street Journal. “The owner of the Safeway and Jewel-Osco chains is adding small fulfillment facilities at two stores in South San Francisco, Calif., and San Jose, Calif., in partnership with Takeoff Technologies Inc., which builds automated warehouses. Albertsons said it is establishing more of these 10,000-square-foot distribution centers, which each cost about $3 million to build.” WSJ subs.

 

Home Depot 2019 Investor and Analyst Conference Transcript via Seeking Alpha. Transcript

 

Tariff Threat Dims Holiday Cheer for Christmas Tree Company by Alex Leary at Wall Street Journal. “Mr. Harman is chief executive of Balsam Brands of Redwood City, Calif., which sells artificial Christmas trees made in China. One of the factories that he buys from has given him a Dec. 20 deadline to place orders for next year…Since tariffs will force him to take either lower profit margins or fewer sales, Mr. Harman’s company is holding off plans to add 50 people to its U.S. workforce of 130.” WSJ subs.

 

Dollar Tree, Inc. makes leadership changes “Michael A. Witynski has been promoted to Enterprise President…Richard L. McNeely has been promoted to Chief Merchandising Officer…Thomas R. O’Boyle, Jr. has been promoted to Chief Operating Officer.” Press release

 

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Size, color and smell: Livestreaming rings up big sales in China by Brenda Goh at Reuters. “While e-commerce growth has slowed in a stuttering economy, the world’s second-biggest, the livestreaming model has given retailers a shot in the arm. Alibaba Group said over 50% of its Tmall merchants used livestreaming to sell nearly 20 billion yuan ($2.84 billion) of products on Singles Day last month.” Read more

 

Americans’ Credit Card Debt Poised to Reach 10-Year High at Bloomberg/Yahoo. Read more

 

Home Depot ties opioid crisis to recent surge in store theft by Matthew Boyle at Bloomberg via MSN. “In response, (Home Depot) is using technology including machine learning to anticipate where the crime rings are headed next. It’s also installing technology so that power tools won’t work unless they go through the retailer’s point-of-sale system, while working with local law enforcement and taking some high-value inventory off the sales floors…The “significant” impact of thefts was a reason why Home Depot’s operating profit margin should narrow to about 14% next year, the company said.” Read more

 

Former Snap exec Imran Khan’s retail site Verishop has teamed up with a US mall owner to open 14 stores at CNBC. Read more

 

Walmart, Flipkart invest in fresh produce supply chain startup in India by Kim Souza at Talk Business. “Ninjacart’s focus on direct-from-farm sourcing resonates well with Walmart’s commitment to supporting farmers in India. We are working towards our commitment of sourcing 25% of produce in our Best Price cash-and-carry stores directly from farmers by 2023…,” said Krish Iyer, president and CEO, Walmart India.” Read more

 

RH Chairman & CEO sells 6.9% of his RH common stock ownership position Press release

 

QUEBEC RECORD STORE CRACKDOWN – Mile End record stores facing steep fines for staying open past 5 p.m. by T’cha Dunlevy at Montreal Gazette. “Several Mile End record shops were celebrating their unlikely survival (on Record Store Day) along with the rest of the world on Saturday, April 13, when a little past 5 p.m. they got a not-so-friendly visit from Quebec’s Ministère de l’économie et de l’innovation…Eight months later, those warnings have turned into hefty fines they say threaten their livelihood.” Read more

 

Tipsheet Extra

The Hollywood Reporter’s 2019 Women in Entertainment Power 100

The great $50M African IP address heist

The 100 most important gadgets of the decade

Toy industry turns to Trump pal to save it from tariffs

Study says Americans spend over $1,000 a year on lotto tickets

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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

Tipsheet: Kroger/Wgreen Alliance | Best Buy/Mayor Pete | H.Dep Tamps Down

 

Kroger and Walgreens want to buy products together to cut supplier costs at CNBC. “Kroger and Walgreens hope more retailers will join their alliance. “If another organization thinks they have significant buying in these areas, they could partner with Kroger and Walgreens to save and reduce waste,” Millerchip said.” Read more

 

Home Depot forecasts 2020 sales growth below expectations at Reuters. “The company, ahead of its analyst day on Wednesday, said it expects fiscal 2020 sales growth of about 3.5% to 4%. Analyst on average had expected sales growth of 4.3%, according to IBES data from Refinitiv.” Read more

 

Stitch Fix CEO talks up future for online fashion company as shares soar on strong quarterly results at CNBC. “Revenue grew 21% year over year to $445 million, above the $441 million that had been expected. Stitch Fix’s active clients matched analyst estimates at 3.4 million, a 17% increase from a year earlier.” Video/Read more

 

Pete Buttigieg’s McKinsey clients included Best Buy and Loblaws at CNN. “Buttigieg later disclosed that he had two clients in 2008…The first was Loblaws…the mayor worked for six months on analyzing “the effects of price cuts on various combinations of items across their hundreds of stores.” The second was Best Buy, where the mayor said he spent three months working on a “project to investigate opportunities for selling more energy-efficient home products in their stores.” Read more

 

American Eagle Q3 comp sales +5.0% Press release

 

Walmart and Nuro test autonomous grocery delivery in Houston by Kim Souza at Talk Business. “Walmart said the service will be available in the coming months for a select group of Houston customers who opt into the test program. The service plans to expand to the general public later in 2020.” Read more

 

GameStop Q3 comp sales -23.2% Press release

 

Walmart will continue accepting paper prescriptions in 2021, but for how long? at USA Today. “Starting Jan. 1, 2020, six more states will require electronic, or e-prescriptions for controlled substances, which include opioid painkillers and antidepressants. A year later, Medicare Part D will require controlled substances prescriptions be submitted electronically. But at Walmart, paper prescriptions for controlled substances aren’t being tossed out completely in the new year like initially planned.” Read more

 

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Ingles Markets Q4 comp sales +3.7% Press release

 

Flaws in Smartwatches on Amazon May Let Strangers Track Kids at Bloomberg. “Security researchers discovered vulnerabilities in cheap smartwatches for children that make it possible for strangers to override parental controls and track kids.” Tiered subs.

 

United Natural Foods Q1 net sales increased to $6.0 billion, including an incremental $3.1 billion from Supervalu Press release

 

How Rare Luggage Replaced Sneakers as the Latest It-Accessory at Wall Street Journal. “For me, luxury luggage is part of the outfit, it’s like a handbag,” said Gary Wong, 33, an architectural lighting designer in New York City who fits the mold of a hype-conscious frequent flier.” WSJ subs.

 

Suspects targeted kosher supermarket in Jersey City shooting rampage, mayor says at USA Today. Read more

 

U.S. short-seller makes Canadian Tire its latest target at Financial Post. “As short sellers, we look for companies with challenged business models and bad balance sheets,” Spruce Point founder Ben Axler said. “In the case of Canadian Tire, the debt has been rising, and in fact, there doesn’t seem to be a complete understanding of how much debt the company has.” Read more

 

Amazon’s Deliveroo deal in doubt after UK regulator raises serious concerns at Reuters. Read more

 

COSTCO CLIMBER – ‘Mission: Impossible’- like thief swipes fine jewelry from Costco store at Livingston Ledger. “The burglar climbed an outside drainage pipe to get access to the store’s roof, and then pried open a skylight, police said. The thief then used a rope to rappel about 40 feet to the sales floor. From there, he made his way to the fine jewelry department…“The burglar is believed to be familiar with climbing sports,” police said in a news release.” Read more

 

Tipsheet Extra

Amazon and Apple will be our doctors in the future

Popeyes serving up ugly Christmas chicken sandwich sweater

Hollywood Reporter: The Worst Movies of the Decade

Macy’s has shrunk to the size of Beyond Meat

Tesla files patent for lasers that clean your car’s windshield

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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

 

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Tipsheet: Martinis @ Retail | Target Co. of the Year | AutoZone +3.4%

 

Fourth Floor, Men’s Wear. Fifth Floor, Martinis. at NY Times. “All over Midtown Manhattan, department stores are opening a new department: the spiffy, up-to-date cocktail bar. The new Neiman Marcus at Hudson Yards has Bar Stanley, a snug nook on the sixth floor that has two prebatched and bottled cocktails among its offerings. This month, Bergdorf Goodman will open Goodman’s Bar, an Italian-style cafe and aperitivo bar, on the second floor of its men’s store on Fifth Avenue.” Tiered subs.

 

AutoZone Q1 comp sales +3.4% Press release

 

California fines CVS $3.6M for failing to redeem recyclables at The Hill. “In California, stores located in “convenience zones” that do not have associated recycling centers must allow customers to redeem California Redemption Value beverage containers or face $100 per day fines.” Read more

 

Casey’s Q2 grocery/other merchandise comp sales +3.2% Press release

 

Retailers Don’t Like Paying the Fees for Your Apple Card at Bloomberg. “That’s because the card, marketed by Apple and backed by Goldman Sachs Group Inc., is designated “elite,” which allows it to levy significantly higher interchange fees on each swipe or tap.” Tiered subs.

 

Kroger slashes food waste to feed the hungry at The Hill. “It’s a journey,” Armbruster says. “You’ll see that reflected in the fact that we only estimate we’re capturing 40 percent of the food waste in our stores and the rest still ends up in landfill. But I would say you definitely would see a much different assortment in there now than you would have three years ago or even one to two years ago.” Read more

 

HD Supply Q3 net sales +2.0% Press release

 

She was Instacart’s biggest cheerleader. Now she’s leading a worker revolt. at Washington Post. “But Bain, then a 30-year-old mother, was quickly won over with meaningful work and a sense of respect. And her take-home pay rose roughly 65 percent compared to teaching and tutoring combined. At the end of a day working for Instacart, Bain had more energy, which made her a better mom…” Tiered subs.

 

Chewy Q3 net sales +40% Press release

 

Target is the Yahoo Finance 2019 Company of the Year “Obviously, there were some doubters out there a few years back,” Target CEO Brian Cornell tells Yahoo Finance. “But to see people put Target back in the winner’s circle, this iconic American retail brand, I take a lot of pride in the work the team’s done. And it’s certainly gratifying to see the progress that we’ve made.” Video/Read more

 

Empire wants to crack the Toronto grocery market and Farm Boy is its secret weapon at Financial Post. “When Empire’s chief executive Michael Medline acquired Farm Boy last year for $800 million last year, he said he wanted to double the chain’s 26 stores within five years. The plan, he once said, was to “blanket Toronto with Farm Boy.” Sobeys, Empire’s main banner based in Stellarton, N.S., has historically had trouble in Toronto, Medline said.” Read more

 

Lululemon COO to leave for luggage maker Away at Reuters. Read more

 

Companies Say They Want to Save the Planet—but They Can’t Agree How at Wall Street Journal. “Our objective is to avoid a huge divergence in what it means to be climate positive,” said Mark Griffiths, who works on climate issues at the World Wide Fund for Nature. WWF is facilitating an event Tuesday in Madrid at the United Nations’ conference on climate change, known as COP25, for companies to discuss the parameters for a global definition.” WSJ subs.

 

Hudson’s Bay Q3 comp sales -1.7% / Saks Fifth Avenue -2.3% / Saks Off 5th +4.9% Press release

 

…Hudson’s Bay Sales Slump Ahead of Vote on Baker’s Takeover Bid at Bloomberg via Yahoo. Read more

 

Tipsheet Extra

Jim Cramer: Macy’s, Kohl’s ‘have never felt more irrelevant’

Amazon’s Ring is making its first smart light bulb, FCC documents reveal

CDC: Salinas company salad kits linked to another E. coli outbreak

Dollar General to sell CBD cosmetics in select Tennessee and Kentucky stores

Museum of Ice Cream scoops NYC flagship location, eyes global expansion

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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

 

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Tipsheet: D2C White Flag | Boot Barn Eyes 500 | Instacart Protest

 

Boot Barn CEO plans to double store count to 500 at CNBC. “We’ve said in the past that this is a massive retail opportunity that’s been hidden in plain sight for years,” (CEO) Conroy said. “It’s hard to understand when you’re in Manhattan or when you’re in Los Angeles, but when you fly across the country you look down and you’re looking at our customer.” Video/Read more

 

Big Brands, Online Startups Find Success Rests on Store Shelves at Wall Street Journal. “We gave up on the direct-to-consumer angle to work with retailers,” said Yanghee Paik, co-founder of Rael, which sells organic maxi pads, tampons and other feminine-care products. “We’re already asking people to convert from conventional products made by the P&Gs of the world. To also buy online is asking for a lot of change.” WSJ subs.

 

Why Amazon’s Move Into Food Delivery Could Get Tripped Up by Facebook’s WhatsApp Buy at Bloomberg via Fortune. “Amazon.com Inc.’s bid to buy into one of the U.K.’s most successful startups may get caught up in antitrust authorities’ fear that they made mistakes in the past. The Competition and Markets Authority has until Wednesday to decide whether to continue a two-month-old probe that froze Amazon’s bid of around $500 million for a minority stake in food-delivery service Deliveroo.” Read more

 

Kicking off next Monday, Instacart shoppers plan to take one action per day, for six days in protest of Instacart at TechCrunch. “We’re still just trying to get this one tiny thing: double the default tip percentage,” Instacart shopper and protest organizer Sarah (pseudonym) told TechCrunch. “We’ve tried endlessly to get them to raise the base guarantee pay. But we feel like, fine, at least give us the higher default tip.” Read more

 

Amazon remains low-price leader online against competitors by Kim Souza at Talk Business. “Analysts with Profitero surveyed prices across 12,500 products and 16 categories…Walmart’s prices were 4.1% higher than Amazon, while Target’s prices indexed 10.6% higher…Walmart..was competitive in the baby category, with prices just 0.2% above Amazon.” Read more

 

Proxy adviser ISS opposes plan by Hudson’s Bay chairman to take firm private at Reuters. Read more

 

CVS CEO on What’s Happened After Its Aetna Merger—and What Comes Next at Fortune. “Fortune sat down with Merlo for a wide-ranging conversation on meeting patients where they are, the value of Aetna to CVS’ expansion ambitions, and the pilot projects the company has coming down the pike. The top line takeaway? “The Aetna integration certainly has changed CVS into a full-fledged health care company,” says Merlo.” Read more

 

Build-A-Bear expects to close up to 30 stores at St. Louis Post Dispatch. Read more

 

Bezos says ‘the country is in trouble’ if big tech turns its back on the Pentagon at CNBC. “Look I understand these are emotional issues, that’s okay, we don’t have to agree on everything, but this is how we are going to do it, we are going to support the Department of Defense. This country is important,” (Bezos) added.” Read more

 

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French e-grocery app Jow has raised $7 million in new funding at TechCrunch. Read more

 

Someday There Might Not Be a Menswear Department at Bloomberg. “According to Pew research, 35% of Generation Z knows someone who identifies as non-binary and prefers gender neutral pronouns—and millennials and even Generation X aren’t far behind. Retailers, and in particular clothes sellers, have taken notice.” Tiered subs.

 

Amazon will open a new office in Manhattan in 2021 and accommodate more than 1,500 employees at CNBC. Read more

 

Forget fashion and beauty. These are the grocery store influencers at CNN Business. “Jen Coleman and Laura Wiertzema started their Instagram page, Costco_doesitagain, two years ago after success with a similar Target handle. Today, the Costco page has more than half-a-million followers…Katie Cooksey, who runs Kroger Krazy, a Facebook page with nearly 600,000 followers, said Kroger sends her its weekly advertising early and invites her to special corporate events.” Read more

 

How Nordstrom uses robots and shelves inspired by ants to deliver lipstick faster at CNBC. “Nordstrom is working with two tech companies, Attabotics and Tompkins Robotics, at one of its nine U.S. distribution centers.” Read more

 

Amazon expands Bezos’ elite ‘S-team,’ adding 6 execs from emerging branches of the company by Monica Nickelsburg at GeekWire. “The expanded leadership team will have 22 executives. The six members Amazon is adding to the S-team are:

Neil Lindsey — Vice President, Worldwide Prime & Marketing
Rohit Prasad — Vice President & Head Scientist, Alexa
Colleen Aubrey — Vice President, Performance Advertising
Matt Garman — Vice President, Amazon Web Services Compute Services
Christine Beauchamp — Vice President, Amazon Fashion
Peter Krawiec — Vice President, Worldwide Corporate Development Read more

 

Tipsheet Extra

Walmart donates 75 acres for ‘destination park’ in Bentonville

Field Agent: Best grocery displays Christmas 2019

Walmart apologizes for sweater that appears to feature Santa with cocaine

There’s a unit inside Amazon that will be a $31 billion business in four years, RBC says

Barneys Employees Brawl With Suspected Shoplifters

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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

Tipsheet: H.Depot New Tagline | Lawton to T.Supply | WM Stores Optional

 

Macy’s president Hal Lawton is stepping down to become CEO of Tractor Supply at CNBC. “Lawton will be leaving to join Tractor Supply as its CEO, succeeding Greg Sandfort, effective Jan. 13. He will also join Tractor Supply’s board.” Read more

 

Kroger Q3 ID sales (ex-fuel) +2.5% Press release

 

Costco comps: November +5.3% / November ecom -3.6% / Q1 +4.3% Press release

 

Walmart’s McMillon says there is a ‘magic’ in being different, says online grocery business is ‘great’ by Kim Souza at Talk Business. “If customers don’t want stores, we won’t have them,” McMillon said during an interview by Barclays analyst Karen Short on Wednesday (Dec. 4) at the brokerage firm’s “Eat, Sleep, Play – It’s Not All Discretionary” conference in New York.” Read more

 

Dollar General Q3 comp sales +4.6% Press release

 

Duluth Trading Q3 net sales +12.2% “Net sales were driven by a 2.9% growth in direct net sales and 24.1% growth in retail net sales…At the end of the third quarter, the company had 58 stores compared to 43 stores in the same period a year ago.” Press release

 

Five Below Q3 comp sales +2.9% Press release

 

RH Q3 net revenue +6.4% “Traditional retailers…have allocated the vast majority of their capital to unnaturally grow their digital business. This has resulted in shifting, not lifting, sales online at greater costs, driving down margins while physical stores have been left to rot. We on the other hand have chosen to take the road less traveled…” Press release

 

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Tiffany Q3 comp sales unchanged Press release

 

…Tiffany shares down after a big earnings miss at CNBC

  • Earnings per share, adjusted: 65 cents vs. 85 cents expected
  • Revenue: $1.015 billion vs. $1.037 billion expected
  • Same store sales: unchanged vs. expected 1.4% gain

 

Michaels Q3 comp sales -2.2% Press release

 

Walmart favors ‘reasonable controls’ over collection and use of personal data at Reuters. “(Walmart) said shoppers should have an opportunity to “reasonably access, correct or delete their data while limiting the sale of their data to third parties and its use in digital advertising,” as it testified at a hearing by the U.S. Senate Committee on Commerce, Science and Transportation.” Read more

 

Dollarama Q3 comp sales +5.3% Press release

 

Home Depot hammers home new tagline with ads that emphasize digital investment and delivery options by Adrienne Pasquarelli at Ad Age. “The new tagline, “How doers get more done,” will replace the “More saving. More doing” line the retailer has used for more than a decade…The new campaign, debuting this weekend, will include a 30-second TV spot that showcases the new digital offerings, along with promotions on social media and in online channels.” See spot/Read more

 

Express Q3 comp sales -5.0% Press release

 

Antitrust investigators have reportedly widened their examination of Amazon and its retail marketplace to include the corporation’s cash cow: cloud computing at Fox Business. “The Federal Trade Commission is asking questions about Amazon Web Services, Bloomberg reported Wednesday, citing people familiar with the matter.” Read more

 

At Home Group Q3 comp sales -2.0% Press release

 

Target plans to open a store in New York’s Times Square in 2022 at CNBC. “Target has signed a lease for a small-format store in Manhattan in the heart of Times Square, on 42nd Street between 7th and 8th Avenues.” Read more

 

J.Jill Q3 comp sales -7.0% Press release

 

CVS CEO: I saw Hello Kitty logo on a vaping device 5 years ago and knew something was wrong at CNBC. “CVS Health CEO Larry Merlo raised concerns Thursday over the teen vaping crisis and the longterm health risks. “We don’t know the longitudinal effect of these products,” Merlo told CNBC’s “Squawk Box.” “Something has to be done.” Video/Read more

 

Tipsheet Extra

Rent the Runway partners with W Hotels so you can pack lighter

KFC brings back fried chicken scented firelog

Millennials are warming up to some baby boomer lifestyle choices

J.J. Abrams Hints at LGBTQ Representation in Star Wars

The iPhone 11 Pro’s Location Data Puzzler

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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

Tipsheet: NYC Cargo Bike Deliv | SNAP -750K | Gum -23%

 

Trump administration to introduce plan cutting food stamps for 750,000 people at The Hill. “The work or vocational training requirement applies to recipients who are “able-bodied” or those who are not caring for a child under six years old. Under the current guidelines, states can receive a waver for work requirements for those receiving benefits from SNAP, if its unemployment rate is at least 20 percent above the national rate, according to Bloomberg.” Tiered subs.

 

Amazon doubles truck fleet to 20,000 by Nat Levy at GeekWire. Read more

 

Retail Created the Armchair Shopper and Now It Wishes It Hadn’t at Bloomberg. “Retailers trained us to order holiday gifts from the comfort of our couches by dangling free home delivery. Now they’re trying to convince us to get out of our pajamas and drive to the store after all. It’s not an easy sell.” Tiered subs.

 

Walmart tops Amazon as most-downloaded US shopping app on Black Friday at TechCrunch. “Sensor Tower (said) Walmart was the most-installed shopping app on the U.S. App Store on Black Friday, with 113,000 new downloads…Amazon’s app was a close second, with 102,000 first-time installs.” Top 10/Read more

 

Inside Canada Goose’s new inventory-free store at Financial Post. “It’s by no means an inexpensive experiment but I believe it’ll be a very worthwhile one,” Canada Goose chief executive Dani Reiss said on Monday. “We’re not going to learn if we don’t experiment.” Read more

 

Amazon Is Still the DSP of Choice Among Marketers While Google Loses Ground by Lisa Lacy at Adweek. “Nearly half—46%—of the advertising professionals interviewed said they have used Amazon Advertising in the past 12 months…The Trade Desk was the second-most popular DSP overall with 38%, followed by Google with 33%. MediaMath (31%), Adobe Advertising Cloud (25%) and AppNexus (24%) rounded out the top five.” Tiered subs.

 

Postmates cuts dozens of jobs and shuts Mexico City office after investors turn on cash-burning businesses at CNBC. Read more

 

**A message from Real Coconut Water: Sweet, 100% pure coconut water. PL or branded organic in Tetra Pak. Sell sheet | Website | Samples: info@eyeonretail.net

 

Gum That Promises to Help You Sleep and Make You Skinny at Wall Street Journal. “Gum sales dropped 4% globally by volume between 2010 and 2018, according to Euromonitor, and 23% in the U.S. “Chewing gum is becoming less socially acceptable,” said Dirk Van de Put, chief executive of Mondelez International Inc., owner of Trident and Dentyne, in a recent interview.” WSJ subs.

 

Yankees teaming up with Amazon to stream games by Josh Kosman at NY Post. Read more

 

NYC to Announce Cargo Bike Delivery Pilot with Amazon and Others by Dave Colon at NY Times. “It will be the first time the city, long home to bike messengers, has specifically promoted cargo bikes as an alternative to delivery trucks. As many as 100 pedal-assisted cargo bikes operated by Amazon, UPS and DHL will be allowed to park in hundreds of existing commercial loading areas that are typically reserved for trucks and vans. Unlike those vehicles, the bikes will not have to pay meters.” Tiered subs.

 

Baby Yoda toys won’t be available in time for Christmas at GeekWire. Read more

 

The death of Sidney, Nebraska: How a hedge fund destroyed ‘a good American town’ at Fox News. “O’Connell and many other residents are still suffering from the loss of sporting goods retailer Cabela’s, which kept its headquarters in Sidney until it merged with Bass Pro Shops in 2017…Before the merger, O’Connell’s lumberyard did great business. But over the past two years, just one new home has been built in Sidney, he said.” Read more

 

Starbucks COO Rosalind Brewer on race and leadership by Jonathan Capehart at Washington Post. “If I have gone from the gym, and then I wanna walk into a high-end department store … and the store will be right here, and the gym way over here,” said Brewer. “I’ll go home and change clothes and come back, because I know I’m not gonna get the service I need.” Podcast/Tiered subs.

 

Tipsheet Extra

Harsh housing forecast for 2020, especially in these big cities

Women increasingly spending money on tech, not clothes

It’s crunch time for Getty Images, and for photographers

Lidl will open first Baltimore store

Acosta says consumer behavior, industry trends led to bankruptcy

Drag queen economy booming

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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

 

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Tipsheet: Cyber Mon +16.5% | NYC Package Thieves | Bezos Rally

 

Cyber Monday totalled $9.2B in US online sales, smartphones accounted for a record $3B at TechCrunch. “Following the pattern set during Thanksgiving and Black Friday — the total actually just fell short of what Adobe had expected for the day, which was $9.4 billion. Adobe expected an increase of nearly 19%; in the end it was more like 16.5%.” Read more

 

Supermarket Survival Means Matching Amazon by Matthew Boyle at Bloomberg. “If the new technologies work on a broad scale—and that’s a big if—they could slow Amazon’s advance, boost profits, help fend off deep-discount chains like Aldi and Dollar General and diminish the treasure-hunting appeal of places like Costco and Trader Joe’s. Just 44% of food sales today go to traditional grocery stores, down from 90% 30 years ago, according to Inmar Analytics. Supermarkets are locked in a war of attrition, and right now, they’re losing.” Tiered subs.

 

WANTED – SLOGAN WRITER: Amazon Critics Rally at Bezos NYC Penthouse for Cyber Monday at Bloomberg. “At the rally outside Bezos’s building, the protesters chanted “We’re cold, we’re wet and we’re holding Amazon in check” and “Bezos, Bezos you can’t hide, we can see your greedy side.” Read more

 

90,000 Packages Disappear Daily in N.Y.C. Is Help on the Way? at New York Times. “Package horror stories have become so common that some state lawmakers are taking aim at thieves. In Texas, package thieves could face up to 10 years in prison under a new law. A South Carolina bill, called the Defense Against Porch Pirates Act, would make package theft a felony.” Tiered subs.

 

Catalyst moves to block Hudson’s Bay Co takeover after its rival bid rejected at Financial Post. “The private equity firm proposed to take HBC private for $11 per share — 70 cents better than the $10.30 per share currently on offer from HBC chairman Richard Baker and his group of shareholders. But a special committee, struck by HBC’s board of directors to probe the potential takeover, said Monday night that the Catalyst offer “is not reasonably capable of being consummated.” Read more

 

Animal-rights activists clash with Nordstrom over fur sales by Paul Roberts at Seattle Times. “PETA plans to share its findings at a downtown Seattle press conference Tuesday morning at the Hyatt at Olive 8, not far from the Nordstrom headquarters.” Read more

 

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Glossier is moving into Nordstrom with mini shops for its perfume, which has a cult-like following at CNBC. Read more

 

Mattress and bedding giant Tuft & Needle exposed thousands of customer shipping labels at TechCrunch. “More than 236,400 shipping labels were found on an Amazon Web Services (AWS) storage bucket without a password, allowing anyone who knew the easy-to-guess web address access to the customer data.” Read more

 

GIVING TUESDAY: American Eagle put QR codes in T-shirts to help you donate to your favorite causes at Fast Company. Read more

 

Lord & Taylor is returning to NYC with a mini store at Ad Age. “The shop will be just 2,400 square feet—much smaller and more tightly curated than Lord & Taylor’s sprawling, 676,000-square-foot former flagship on Fifth Avenue. It will open for two weeks in mid-December in New York’s SoHo district on Wooster Street, surrounded by upscale names like Mansur Gavriel and Diane von Furstenberg.” Tiered subs.

 

 Cyber Monday was once again the single biggest shopping day in Amazon’s history Press release

 

Whole Foods responds to Mitch McConnell ‘Person of the Year’ confusion at Fox Business. “WholeFoods Magazine (is) an entirely separate publication…Twitter users took to the social media platform to express their confusion and downright disgust about the Republican politician. Some said they would no longer be Whole Foods customers.” Read more

 

One of Australia’s biggest wholesalers is counting the costs of losing a major deal with 7-Eleven at CNN. “Metcash on Tuesday reported a writedown of 237.4 million Australian dollars ($162.5 million), just weeks after it disclosed the end of its supplier agreement with (7-Eleven).” Read more

 

Field Agent: In stores on Black Friday 2019 Pics/Read more

 

Tipsheet Extra

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What Happens if Trump’s China Tariffs Go Into Effect Dec. 15?

Exclusive: Inside the new Star Wars ride at Disney

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Read Tipsheet Extra Stories

 

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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

 

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Tipsheet: Costco Tgiving Web Outage | Etsy + Free Shipping | Black Friday Global

 

 

Black Friday sees record $7.4B in online sales at TechCrunch. “The figures were up by $1.2 billion on Black Friday 2018 but they actually fell short of Adobe’s prediction for the day, which was $7.5 billion.” Read more

 

Thanksgiving Day saw record online sales of $4.2 billion at CNN. “According to Deloitte’s annual pre-Thanksgiving survey of American shoppers, 82% of Generation Z shoppers (18-22 years old) and 60% of Millennial shoppers (23-38 years old) said they planned to shop with family and friends. That compares to 49% of Gen X, 41% of Baby Boomers and 50% of seniors surveyed.” Read more

 

Retailers see biggest-ever Cyber Monday after record online Black Friday at AP News. “Adobe Analytics on Sunday predicted the opening weekend of U.S. retailers’ crucial holiday season would set a new record of almost $30 billion in sales, with Cyber Monday – now traditionally the U.S. economy’s biggest online shopping day – alone expected to reach $9.4 billion.” Read more

 

Target, Walmart and other major retailers are a threat to Amazon this Cyber Monday at CNBC. “Walmart and Target had bigger jumps than Amazon in online customer spending during the first two weeks of November compared with the same period last year, according research firm Edison Trends, which looked at more than 1.2 million transactions. Walmart took in 51% more than last year, while Target followed close behind with a 47% increase. Amazon’s customer spending grew just 32%.” Read more

 

Amazon Tests Cheap Warehouses to Make Cyber Monday Snafu-Free by Spencer Soper at Bloomberg. “The new service, Amazon Storage and Replenishment, lets its merchants stage inventory close to Amazon’s delivery operation so products can be quickly replenished, according to documents reviewed by Bloomberg. Amazon is trying out the program in Ontario, California, about 20 miles from its closest facilities and has plans to expand the program to other locations around the country, according to the documents.” Tiered subs.

 

Is Black Friday only an American tradition? Not anymore by Coral Murphy at USA Today. “The expansion of chains such as Walmart around the world has prompted some countries to adopt the Black Friday custom of big sales. Take Argentina: Black Friday sales grew more than 376% in the past five years in the Latin American country, according to a survey by Black Friday Global.” Read more

 

Tight Holiday-Season Calendar Will Test UPS, FedEx and Amazon by Paul Ziobro at Wall Street Journal. “The math leaves little room for error, said Citi transportation analyst Christian Wetherbee. “We think that the set up for the parcel carriers is as tricky as we’ve ever encountered,” Mr. Wetherbee said. “The risk someone gets coal in their stocking seems elevated.” WSJ subs.

 

Costco’s website crashed for several hours over Thanksgiving by Mary Hanbury at Business Insider. “According to data from the outage-tracking website Downdetector, which was shared with Business Insider by the retail aggregate LovetheSales.com, the website was down for at least 16.5 hours…Costco could have missed out on as much as $10.9 million worth of sales.” Read more

 

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Amazon removes Auschwitz-themed holiday decorations, bottle openers and fridge magnets at CNBC. Read more

 

Amazon and Walmart Thought India Would Be Their Next Giant Market. India’s Shopkeepers Would Like to Disagree by Ari Altstedter at Bloomberg via Fortune. “In the heart of New Delhi’s largest wholesale bazaar, merchants who normally compete with each other have united against a common enemy. “Amazon, Flipkart!” one merchant after another shouts into a microphone from a small stage in Sadar Bazaar’s central traffic circle. Some 50 other shopkeepers gathered around shout back in unison: “Go back! Go back!” Read more

 

NBC wants you to shop while watching TV by Peter Holley at Washington Post via My San Antonio. “Midway through the (“Songland”) episode, Ryan Tedder, a Grammy Award-winning singer and producer featured as a judge on the show, tinkered with an eye-catching, illuminated keyboard called Lumi. As Tedder played the instrument, a QR code casually appeared at the bottom of the screen with instructions that read more like commands than suggestions: “Open Camera, Scan Code, Shop Now.” Read more

 

It’s Way Too Easy to Get a .gov Domain Name at Krebs on Security. Read more

 

Etsy CFO Bets Free Shipping Will Give Company an Edge During Holidays by Mark Maurer at Wall Street Journal. “We don’t believe that people wake up in the morning and say, ‘Hey, I want to go shopping for something handcrafted today,’ ” finance chief Rachel Glaser said in an interview. “They wake up saying, ‘I need a gift for my sister’s birthday’ or it’s Christmastime and ‘I need a special gift for a person that I love.’ ” WSJ subs.

 

Amazon plans to hire 200,000 seasonal workers this year, twice as many as last year at GeekWire. Read more

 

Chicago City Council raises minimum wage to $15 by 2021 at Chicago Tribune. “(Mayor) Lightfoot’s plan eliminates exemptions to the minimum wage for other workers, including people with disabilities, youth under 18, agricultural workers and people in transitional employment programs.” Tiered subs.

 

Apple star designer Jony Ive officially leaves company at NY Post. Read more

 

Disgruntled holiday shoppers stuck in 4-hour snarls near popular Charlotte-area mall by Joe Marusak at Charlotte Observer. “Congestion grew so bad Friday evening that police blocked the three entrances into Concord Mills from Concord Mills Boulevard.” Tiered subs.

 

Tipsheet Extra 

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Marc Jacobs Says Nirvana Smiley Face Isn’t Copyrightable

QuikTrip Showcases Smoked BBQ Offering With New Mobile Game

Comparing Amazon’s Allbirds lookalikes to the real thing

Read Tipsheet Extra Stories

 

**

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