Tipsheet: Atlanta Mayor No to Wgreens | Dollar Stores 45% of Openings | Simon Gets Eddie
Atlanta Mayor Bottoms not going to Walgreens at 11 Alive. “What I know is that in the absence of my speaking my truth, people will insert a narrative, which is why I’m here today. Ros Brewer is my girl, I love her dearly, but she didn’t get to be the CEO of Walgreens by offering jobs to random friends,” the mayor said. “I am not going to Walgreens in Chicago, (her husband) Derek is not going to Walgreens in Idaho. I can’t get Derek to move two miles off of Cascade Road, so I promise you that is not true.” Read more
Amazon blocked 10B listings in counterfeit crackdown at Fox Business. “The numbers were released in Amazon’s first report on its anti-counterfeiting efforts since it announced new tools and technologies in 2019. The number of blocked phony listings last year was up about 67% from the year before.” Read more
Nearly 1 in 3 new stores opening in the US is a Dollar General at CNN. “About 45% of the 3,597 store openings that large retail chains in the United States have announced so far this year are from Dollar General, Dollar Tree and Family Dollar, according to the latest figures from Coresight Research, a firm that aggregates the numbers from company filings and press releases.” Read more
Simon Property, Authentic Brands to buy outdoor gear label Eddie Bauer at Reuters. “Eddie Bauer has 300 stores across the United States and Canada, but nearly half of its retail sales last year came through e-commerce as COVID-19 accelerated a shift to online shopping.” Read more
Ex-Amazon exec Jeff Blackburn leaves venture capital post after 5 weeks on job at GeekWire. “Will Blackburn’s new role be as welcomed by his former boss Jeff Bezos. When Blackburn retired, Bezos wrote that his former colleague “has kept me in the loop on his next chapter, and I can assure you it’s a very exciting one!” Read more
Tile’s trackers will work with Amazon’s Sidewalk network starting June 14th at The Verge. Read more
**The Sweets & Snacks Expo is a can’t-miss event for thousands of confectionery and snack retailers, manufacturers and suppliers – here you’ll find all the product innovations, insights and industry connections you need to build a world-class in-store or online experience that will delight your shoppers. See who’s exhibiting | Show website | Indianapolis, June 23-25 2021
Walmart’s Flipkart to cover insurance for all sellers in India and waive additional fees at TechCrunch. “The news today comes a week after Amazon, Flipkart’s chief rival in India, announced it was waiving 50% of the referral fee sellers are required to pay the e-commerce firm for this month, though not all sellers are qualified to avail this benefit.” Read more
Hedge fund founder sentenced to prison in Neiman Marcus fraud at NY Post. “According to prosecutors, Kamensky exploited his role as co-chair of a Neiman creditors committee last July 31 to block Jefferies from bidding 30 cents per share for securities he wanted to buy for 20 cents per share.” Read more
A leaked Walmart memo highlights the daunting challenges facing the world’s largest retailer at Recode. “A source familiar with Walmart+ told Recode that retaining members has indeed been an issue for the new subscription service in its short existence and that retention is strongest among members who use the gas-discount perk of the program.” Read more
Amazon delivery drivers were told to turn off safety apps to meet quotas at The Verge. “Vice reports that some of the delivery companies will have the drivers keep the app on for part of the day to try to trick Amazon and the Mentor app, with one company sending drivers messages like “everyone needs to be logged into Mentor for at least 2 hours no more no less.” Read more
Walmart Health To Acquire Telehealth Provider MeMD “MeMD was founded in 2010 by Dr. John Shufeldt to provide virtual care nationwide, leveraging the latest online technologies to deliver high-quality care 24/7/365 in a convenient and accessible manner. Today, MeMD delivers medical and mental health visits to millions of members nationwide.” Press release
Amazon delays Prime Day in India and Canada at CNBC. “Outside of Canada and India, Amazon said Prime Day will continue to move forward in other countries including the U.S., U.K., Germany, France, Spain and China. Amazon announced in its first-quarter earnings results that this year’s Prime Day will take place in June.” Read more
Tipsheet Extra
Publix employee accidentally trashes man’s $1M lottery ticket
Sprouts CEO: ‘We’re Focused on Growth, Not Comps’
Southeastern Grocers CEO Talks Shop as Turnaround Hits Growth Phase
Wegmans has no plans to bring back self-serve food ‘in their traditional way’
How Nordstrom and The Home Depot take advantage of livestreaming’s potential
**
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 info@eyeonretail.net
Website: eyeonretail.net