Tipsheet: 13M Fake Amazon Reviews | Target No Mask | DC 90% No Fuel
Target ends mask requirement for fully vaccinated customers at USA Today. “Given the CDC’s updated guidance last week, Target will no longer require fully vaccinated guests and team members to wear face coverings in our stores, except where it’s required by local ordinances,” the retailer said in a statement Monday.” Read more
Walmart says fully vaccinated employees can go without masks starting Tuesday at NY Post. Read more
China says retail sales grew 17.7% in April, missing expectations at CNBC. “That missed expectations of 24.9% growth in April, according to analysts polled by Reuters.” Read more
Millionaires who favor raising taxes on the rich launch protests in front of Jeff Bezos’ home at USA Today. “Leaders of the Patriotic Millionaires told CNBC they are organizing a group of up to 30 protesters to converge on to Bezos’ New York residence with a billboard that says “Cut the bull—-. Tax the rich.” Read more
JD.com’s logistics subsidiary is getting ready for an initial public offering in Hong Kong at TechCrunch. “JD.com, Alibaba’s e-commerce rival in China, began building its own logistics and transportation network from the ground up in 2007 and spun out the unit in 2017.” Read more
At Home Group’s biggest shareholder to oppose deal to take retailer private at Fox Business. “At Home agreed May 6 to sell itself for $36 a share…CAS said in the letter the deal “grossly undervalues the company and deprives stockholders of anything resembling a fair premium.” It suggested that a price above $70 a share would be more realistic…” Read more
About half of North Carolina gas stations still without fuel Monday morning at WCTI 12 ABC. Read more
…Ongoing gas shortage leaves nearly 90% of DC pumps without fuel at Fox Business. Read more
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Merchant commerce platform Pine Labs valued at $3 billion in new fundraise at TechCrunch. “The startup, which also counts PayPal among its investors, serves over 140,000 merchants. Its payments terminal — also known as point-of-sale machines — are connected to the cloud, and offer a range of additional services such as working capital — to the merchants.” Read more
Dillard’s posts impressive first quarter results, revenue up 65% at Talk Business. Read more
Massive database of fake Amazon reviews exposed at Fox Business. “Described as an “organized fake reviews scam,” the server contains over 13 million records – about 7 GB of data – potentially involving more than 200,000 people in unethical activities, the SafetyDetectives report said.” Read more
J.Crew Is Naming Former Supreme Designer to ‘Disrupt’ Brand at Wall Street Journal. “The company on Monday is naming Brendon Babenzien, co-owner of culty New York menswear label Noah and former longtime design director at pioneering streetwear brand Supreme, to the role of J.Crew’s men’s creative director. His first designs will hit stores in the second half of 2022.” WSJ subs.
Amazon launches new worker safety program “Part of the company’s mission to be Earth’s Safest Place to Work…Program components will roll out to all Amazon operations sites in the U.S. by end of year with the aim of cutting recordable incident rates by 50 percent by 2025.” Press release
A $100 Million Bet on Cross-Country Restaurant Delivery at DNYUZ. “More than 400 of the 850 restaurants that sell food on Goldbelly’s platform have joined since the start of the pandemic, an influx that the company says has more than quadrupled sales over the past 12 months. On the back of that boon, Goldbelly plans to announce this week that it has raised $100 million in new funding.” Read more
Tipsheet Extra
eBay will enact a sex ban starting June 15th
Chrissy Teigen’s Cravings cookware is dropped online by Macy’s 3 days after Target
Amazon launches free video streaming service in India
Amazon helps offer $50K reward for information on noose found at warehouse
Smart & Final to be acquired by Bodega Latina for $620 million
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