Target CEO: We are taking ‘enormous’ market share in cosmetics at Yahoo Finance. “One of the areas we have really focused on is beauty,” Cornell says. “It’s one of our fastest-growing categories and where we are taking enormous market share each and every week. “It’s coming from certainly department stores, but I think we are also starting to win against specialty.” Video/Read more
Sixty-five percent of women said they will not feel safe trying on clothes in dressing rooms, due to the Covid-19 crisis at CNBC. “More permanent options are being explored, such as a sanitizing system made by Indiana-based Global Ozone Innovations, which promises to clean garments using ozone-based technology within one hour…Killing Covid-19 with ultraviolet light is another option retailers are looking at…” Read more
Say Amazon actually buys AMC Theatres. What would that be like? at Fortune. “AMC’s Stubs A-List program, in which subscribers can see up to three movies a week for a monthly fee, would make plenty of sense within Amazon Prime, which already offers free two-day shipping, weekly deals at Whole Foods, and of course, access to Amazon’s video streaming library.” Read more
Czech billionaire and pro soccer team owner looking to shake up Macy’s by Lisa Fickenscher at NY Post. “A Czech billionaire and professional soccer team owner has purchased a 5-percent stake in Macy’s with apparent plans to reshape the struggling company, according to a regulatory filing on Monday.” Read more
PepsiCo has bought the domain Snacks.com and PantryShop.com for their new DTC websites at Fast Company. Read more
Simon Property Group says it plans to have roughly 50% of its malls and outlet centers reopened again within the next week at CNBC. Read more
***A message from SPS Commerce. Are you ordering more product than you actually need or running out of inventory when you need it most? SPS Commerce can help you order exactly what you need with confidence by getting real-time order status from your vendors. More than 3,000 organizations rely on our proven process for automating data exchange with vendors. Get the data you need to reduce inventory by up to 20%! Visit our website for details or contact us at 866-245-8100.
On-demand food delivery apps are letting minors order alcohol at The Verge. “ABC officials ordered about 200 alcoholic beverages…on-demand apps (provided alcohol to minors) four out of every five, or a staggering 80 percent failure rate.” Read more
Mail-Order Drug Delivery Rises During Coronavirus Lockdowns at Wall Street Journal. “CVS Health Corp. saw a 10-fold increase in pharmacy home deliveries during the first-three months of this year, mostly since waiving fees in early March, a spokesman said.” WSJ subs.
Former Amazon Executive Stefan Haney Joins Canopy Management Press release
Looking for toilet paper, disinfecting wipes or hand sanitizer? Try bartering on Facebook and Nextdoor at USA Today. “I guess before it was just so easy to go to the store or click a button and have an item you needed delivered within a day. Now that stores are closed or crowded and deliveries are backed up, we learn to be resourceful,” Victoria says.” Read more
Kroger CEO and other food executives met with VP Mike Pence – just hours after a Pence staffer was revealed to have tested positive for the new coronavirus at Cincinnati Enquirer. Read more
Coming Soon: Theaters Go Back to the Future With $2 Retro Blockbusters at Wall Street Journal. “For such older titles, studios are planning to take as little as 30% of ticket revenue, according to people familiar with the matter, a discount from the typical 50-50 split on new films…Some venues will also turn back the clock on prices, charging as little as $2 to $5 a ticket, some theater owners said.” WSJ subs.
‘Dengue kills too’ – Latin America faces two epidemics at once at Reuters. “The Pan-American Health Organization (PAHO) expects 2020 to be marked by high rates of dengue, which can fill intensive care units and kill patients even absent the pressures of COVID-19, the respiratory disease caused by the novel coronavirus.” Read more
Luxury stores test the water in a Paris devoid of tourists at Reuters. “At an Hermes store on one of Paris’s swankiest streets, shop assistants greeted customers through face masks on Monday with sanitiser gels and a polite refrain: “May I refresh your hands?” Read more
Feds: Arsenal found in the home of Walmart threat suspect
60 Minutes shows Amazon’s virus-killing robot
Old Navy is selling the cheapest cotton masks we’ve seen
Walmart’s Marc Lore sells another $10.3 million of company stock
Ikea hit with class action suit over deadly dressers
Eye on Retail Tipsheet is must-read material for retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.
Subscribe to Eye on Retail Tipsheet here
Contact us: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to email@example.com