Target Next-Day 54% | Cardi B @ WM | 10% Buy 50%
Target steps up next-day parcel delivery as discounter tries to narrow gap with rivals at AP. “Target is expanding its next-day delivery of parcel shipments to 35 of the nation’s top 60 metropolitan markets by the end of next month, marking 22 new cities this year…That means that its next-day delivery expansion will go to 54% of the U.S. population, up from 20%, according to Gretchen McCarthy, Target’s chief supply chain and logistics officer.” Read more
Amazon Prime Big Deal Days returns October 7-8 Press release
The New Pitfall of Online Shopping: A Surprise Tariff Bill at WSJ. “Anthony DeSousa, a pizza shop owner in Estes Park, Colo., was expecting his annual shipment of oven replacement parts from Canada this month. They were worth around $640. Before delivery, he received an email from UPS, saying that he owed “government charges” of $1,196.12 and “brokerage charges” of $128.17.” WSJ subs.
Target announces holiday plans Press release
Moody’s: Consumers in the top 10% of the income distribution accounted for 49.2% of total spending in Q2, up from 48.5% in Q1, reaching the highest level in data going back to 1989. Bloomberg subs.
Cardi B to appear in-store at Walmart to promote new album Info/RSVP
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Amazon pledged to support affordable housing. How has it fared so far? at Seattle Times. “The fund was supposed to stretch out over five years, but last year (Amazon) said it already exceeded the goal. The projects it funded had completed 21,000 units, 8,600 of which were in the Seattle area. The company then committed another $1.4 billion to create an additional 14,000 homes across the three cities. Now, it has hit 10,000 units in the Seattle area.” Read more
Canada: Consumers can now file a claim for their share of a $500-million bread-fixing settlement at Financial Post
US retail sales climbed in August as consumers tried to beat tariffs at GlobalData/Yahoo. “…clothing and accessories stores saw a 0.2% increase from the previous month after seasonal adjustments…The report revealed that retail sales, after excluding automobiles and gasoline, rose by 0.5% after seasonal adjustments from July to August.” Read more
Gap appoints Jody Gerson, Chairman and CEO of Universal Music Publishing Group, to Board of Directors Press release
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