Tipsheet: 52% to Stockpile | IKEA Buyback 50% | Nike Kicks Independents


Amazon’s German workers launch Prime Day strike over pandemic pay at Fortune. “This time the big issue is that of how workers are treated during the COVID-19 pandemic. As with strikes at Amazon facilities elsewhere earlier this year, there are allegations that Amazon isn’t doing enough to protect its staff, and also isn’t paying them enough considering the circumstances.” Read more


EBay takes a bite at StockX and GOAT with sneaker authentication for sales $100+ in the US at TechCrunch. “The authentication will be done by Sneaker Con…The quick story here is that eBay’s  rep for authentic merch is, uh, not great — especially the sneaker universe, where fakes can be virtually indistinguishable from authentic items.” Read more


52% plan to stockpile this fall at MSN. “Already, there’s some evidence that grocery sales are rising…The typical bill for a trip to the grocery store rose to $72 for the week ended October 6, or 11% higher from the week before, according to data company Envestnet Yodlee.” Read more


Nike digital strategy kicks independent sellers at Fox Business. “Moe Stein, the owner of Frank’s Sport Shop, called the move a “complete surprise” after making “in excess of $10,000,000 in business with them” throughout 40-plus years of being a Nike dealer…In August, it was revealed Nike would no longer have its products available at major retailers such as Belk, Dillard’s, Zappos, Boscov’s, Bob’s Stores, Fred Meyer and EBLens.” Read more


Walgreens Boots Alliance Co-COO Ornella Barra highly commended for responsible business leadership Press release


Bed Bath & Beyond CFO Looks to Declutter Shelves, Reduce Working Capital at Wall Street Journal. “A new store model, which Bed Bath & Beyond plans to unveil on Oct. 28, will require less inventory to fill shelves, according to analysts…The company also is rationalizing the number of vendors it works with to reduce costs…” WSJ subs.


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Southeastern Grocers to unveil four new Florida Winn-Dixie stores Press release


After an early pandemic shortage computers are shipping again, Canalys reports at The Verge. “Computer manufacturers shipped 79 million personal computers in the third quarter of 2020, an uptick of 13 percent year-over-year with Lenovo leading the pack, technology analyst firm Canalys reported.” Read more


America’s Richest Self-Made Women at Forbes. List/Read more


Bored with your flat pack furniture? – IKEA will buy it back at Reuters. “…runs in 27 countries from Nov. 24 to Dec. 3, customers will get vouchers to spend at IKEA stores…Customers with “as new” items, with no scratches, will get 50% of the original price, “very good” items, with minor scratches, will get 40% and “well used”, with several scratches, will get 30%.” Read more


Tipsheet Extra

Despite tax receipts, court orders destruction of ‘historic’ moonshine

The Southern town that Hollywood insiders are building from scratch

Grocery prices rise as retail promotions shrink (31.4% to 25.9%)

Georgia Publix pharmacies now fill pet med scripts

Apple’s new HomePod mini speaker revealed in leaked images

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