China Dumps | Bezos Dad Hiring | WM/Target Deals
Jeff Bezos’ Billionaire Dad Is Hiring a CEO to Run His Family Office at WSJ. “The office recently hired a chief executive, Valeria Alberola, several of the people said, to manage the entity from Miami. Alberola recently worked for Walmart heir Ben Walton and his wife, Lucy Ana Walton, in the Denver area overseeing their investment and philanthropic activities. The firm also is looking to hire a chief investment officer.” WSJ subs.
Walmart Deals run October 7*–12 “Walmart Deals are open to all customers — no membership required. Walmart+ members, however, enjoy a 5-hour head start beginning Oct. 6 at 7 p.m. ET…” Press release
Target Circle Week is returning Oct. 5-11 ” Target Circle 360 (allows) members to shop top deals 24 hours before Target Circle Week online and in store…” Press release
China Floods the World With Cheap Exports After Trump’s Tariffs at Bloomberg. “Indian authorities have received 50 applications in recent weeks for investigations into goods dumping from nations including China and Vietnam, according to a person familiar with the matter…Indonesia’s trade minister pledged to monitor a deluge of goods, after viral videos of Chinese vendors touting plans to export jeans and shirts for as little as 80 US cents to major cities caused an outcry.” Bloomberg subs.
Walmart decorates 150,000 cakes a week across its US stores at Talk Business. “The cake decorator job at Walmart is the highest-paying, non-management position in a supercenter. Average pay for a cake decorator at Walmart is $19.25 per hour…” Read more
Amazon’s famed ‘Customer Obsession’ credo is on trial this month at Fortune/Yahoo. “On Tuesday, a federal judge will begin hearing the FTC’s case against Amazon that alleges the company intentionally used manipulative practices to trick customers into signing up for the Prime membership service, and knowingly complicated the cancellation process…The agency is also asking the court to hold personally liable at least two Amazon executives—Jamil Ghani, a vice president and worldwide leader of Prime, and Neil Lindsay, formerly senior vice president of Prime…” Read more
CVS’s Omnicare Files for Bankruptcy After $949 Million Judgment at Bloomberg/Yahoo
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For a Glimpse Into Ukraine’s War, Stop at a Gas Station at NY Times. “You could call it the first outpost of civilization,” said Dmytro, who gave only his first name for security reasons and per military protocol. The station, its shelves stacked with energy drinks and its grills humming with sausages, felt to soldiers “like Las Vegas,” he added.” NY Times subs.
Walmart becomes the first retailer to deliver refrigerated and reconstituted prescriptions alongside groceries/essentials in a single online order Press release
Missouri Powerball winner who split historic $1.78B jackpot breaks silence: ‘I’m a homebody’ at NY Post
Target Cautions Shareholders Regarding TRC Capital’s “Mini-Tender” Offer Press release
Walmart’s Marketplace boom: How lax vetting came with identity theft and fakes at CNBC. “CNBC found at least 43 vendors who used the identity of another business to set up their account. Over time, Walmart made its seller and product vetting more lax than Amazon’s policies in a bid to woo sellers away from its rival, according to nine marketplace sellers and four current and former Walmart employees.” Read more
Gatik and Loblaw ink deal to scale Autonomous Trucking Solution in Toronto area Press release
C&S Wholesale Grocers Completes Acquisition of SpartanNash Press release
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