Tipsheet: BigCommerce To Go Public | Gun Background Checks +136% | Neiman CEO Pay Plan
Amazon’s new smart shopping cart lets you check out without a cashier at The Verge. “When you’re done shopping, you’re allowed to take the cart through a special lane that checks you out digitally without requiring a human cashier to ring you up…The Dash Cart is coming first to Amazon’s grocery store in the Woodland Hills neighborhood of Los Angeles.” Read more
BigCommerce files to go public at TechCrunch. “BigCommerce, similar to public market darling Shopify, provides e-commerce services to merchants. Given how enamored public investors are with its Canadian rival, the timing of BigCommerce’s debut is utterly unsurprising and is prima facie intelligent.” Read more
Flour and Toilet Paper Are Back at N.Y. Supermarkets, but There’s a Catch at NY Times. “Shops that might have stocked six types of canned tuna fish are down to three or two, said Nelson Eusebio, the legislative director at the National Supermarket Association. “What we’re going through is an extended period, like when there’s a huge snowstorm it takes two or three days to recover,” he said. “In this case, it’ll take two to three months to recover.” Tiered subs.
Walmart is increasing its majority-stake in Flipkart by leading a new $1.2 billion financing round at TechCrunch. “The new capital infusion comes at a time when a new powerful player has started to make inroads in the Indian e-commerce market. JioMart, a joint venture between Reliance Retail (India’s largest retail chain) and Jio Platforms (India’s largest telecom operator)…” Read more
Bed Bath & Beyond Appoints Williams-Sonoma Veteran Neil Lick To Lead New Owned Brands Team “He will report to Joe Hartsig, EVP, Chief Merchandising Officer and lead a cross-functional team across the Company.” Press release
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Record Numbers of Americans Try to Buy Guns at Wall Street Journal. “In June, background checks for firearms were up 136%, compared to a year earlier…Dealers estimate that 40% of sales are going to first-time buyers, an increase over the normal average of about a quarter…During most big sales increases, buyers tend to be gun aficionados or Second Amendment supporters. But this time, sales of handguns, which are used for personal safety, are the strongest.” WSJ subs.
7-Eleven, Inc. Announces 71,100th Store Press release
Wayfair refutes QAnon-like conspiracy theory that it’s trafficking children at The Hill. “(Wayfair) came under scrutiny after the conspiracy theory started spreading Friday, baselessly claiming the company was trafficking children through storage cabinets because the products were “extremely overpriced” at about $13,000. Wayfair told The Hill in a statement Monday that “there is, of course, no truth to these claims.” Read more
Amazon tightens warehouse storage rules to get ahead of holiday shipping rush at CNET. “(Amazon) will institute new limits on how much inventory that independent sellers can store in Amazon’s US warehouses…The intention is to prevent large incoming shipments of products that aren’t big draws during Christmas — say, Easter bunnies or Fourth of July baby onesies — that end up gobbling up a lot of storage space.” Read more
California closes indoor restaurants, movie theaters and all bars statewide as coronavirus cases rise at CNBC. “In addition to the statewide order, Newsom said he would also close indoor operations for fitness centers, worship services, personal care services, malls, offices, hair salons and barbershops for 30 counties on California’s monitoring list, which represent 80% of the state’s population.” Read more
Neiman CEO Geoffroy van Raemdonck bags big checks after waiving salary at NY Post. “On April 10, van Raemdonck got a salary check for $57,692, implying a yearly salary of $1.5 million, court documents show. Later in the month, two smaller salary checks arrived totaling $17,230. And on April 24, van Raemdonck got a payment of $172,135 to offset taxes on more than $2 million in stock options he received the previous year.” Read more
Electric fence keeps drinkers back from the bar in English pub
Walmart calls on private label manufacturers to join virtual pitch
Private schools may benefit from school reopening plan
Amazon worker arrested after reportedly ramming his car into a fulfillment center
Experts seek to calm worries of mother-to-baby COVID transmission
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