Amazon’s Most Ambitious Research Project Is a C-store by Brad Stone & Matt Day at Bloomberg. “Will all this work be worth it? Some Go stores seem almost deserted except for the lunchtime rush. Employees familiar with Amazon’s internal projections say the outlets in Chicago, in particular, are falling short of expectations, and the company has had to resort to raffles and giveaways of tote bags and other branded goodies.” Tiered subs.
Inside the massive Amazon Prime activation at Comic-Con 2019 by Phillip Molnar at San Diego Union-Tribune. “Amazon Prime…has taken over a 60,000-square-foot lot across from the convention and turned it into an interactive advertisement for three new TV shows. It is free and does not require a Comic-Con badge. It is also bigger in scale than anything outside the convention, and possibly inside.” Tiered subs.
Where did Forever 21 go wrong? by James Peltz & Hailey Mensik at LA Times via Seattle Times. “It’s so hard because I like Forever 21 in some circumstances,” (shopper) Pena said. “But at this age, when you’re going into internships, you need nicer clothes and ones that last, so you can’t really shop at Forever 21.” Tiered subs.
The World’s Highest-Paid Entertainers 2019 at Forbes. List
Amazon says this year’s Prime Day surpassed Black Friday and Cyber Monday combined at CNBC. “Amazon said it sold more than 175 million items during this year’s Prime Day shopping event…it added more new Prime members on July 15 than it ever has before on a single day. And it said almost as many people signed up again on July 16.” Read more
2019 Disability Equality Index: Companies scoring 100% include CVS, Walgreens and Walmart Report
These 16 states are giving families a back-to-school tax break at USA Today. “Alabama’s holiday is first, with a three-day holiday kicking off Friday. Mississippi and Tennessee hold their holidays later in July but the bulk of the holidays are set for the beginning of August.” List/Read more
Lead paint suppliers settle California lawsuit for $305M at AP News. Read more
EBay is buying a 5.5% stake in e-com marketplace Paytm Mall at TechCrunch. “Paytm Mall claims to have over 100,000 seller partners on its platform. This is EBay’s third investment in India.” Read more
Ex-Petco CEO Brad Weston named Party City President Press release
Netflix suffers first major loss of US subscribers, blames price hikes by Julia Alexander at The Verge. “The company lost approximately 130,000 subscribers in the United States in Q2, and only gained 2.7 million global subscribers, after projecting it would add 5 million.” Read more
$15 minimum wage bill headed to House floor at Fox Business. Read more
Toys R Us stores will be back this holiday season, this time with a tech partner at CNBC. “…will open two permanent stores in November – at Simon Property Group’s Galleria mall in Houston and at Unibail-Rodamco-Westfield’s Garden State Plaza mall in Paramus, New Jersey. The stores are product of a joint venture between software retailer b8ta and Tru Kids.” Read more
Former Home Depot CEO Bob Nardelli’s sons have a new series debuting on Amazon at Fox Business. Video/Read more
EBay moves forward with potential StubHub sale: Sources at CNBC. “The sources said eBay is still early in the process, but note there are “multiple” parties interested in buying StubHub.” Read more
James Savarese and John Mulliken to retire from Wayfair – Thomas Netzer Appointed Chief Operating Officer, Allan Lyall Appointed Chief Global Supply Chain Officer, Jim Miller Appointed Interim Chief Technology Officer Press release
Kohl’s says let the holiday hiring season begin at CNBC. “Kohl’s said it’s now hiring for an “early wave of seasonal positions” at 500 stores, about double the number in last year’s early-hiring program.” Read more
Tipsheet Extra Stories
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