Tipsheet: Brooks Nears Bankruptcy | Lysol Effective @ Covid | WM/Target Drop Redskins
Brooks Brothers nears bankruptcy as talks heat up with potential buyer at Fox Business. “Private equity firm Solitaire Partners is in talks with the haberdasher to make a bid once a possible Chapter 11 bankruptcy filing has been made, according to people close to the matter.” Read more
U.S. government’s boxed food aid promise falls short at Reuters. “We’re getting about 60% of what we were told we would get,” said Brian Greene, CEO of the Houston Food Bank, in an email. “Some of it was vendors couldn’t do what they said they would do.” Read more
Shoppers across the country are retreating again as coronavirus cases surge at CNBC. “Of the 38 states with traffic falling again, only eight of those are requiring masks statewide, Field said. Of the 13 on the rise, 11 require the general public to wear masks, he said. The biggest growth in retail traffic is happening in states including New Jersey, Maryland, Massachusetts, Rhode Island and New York, according to ShopperTrak data.” Read more
Retailers Turn to Personal Shoppers, Sidewalks to Win Back Business at Wall Street Journal. “Some—like Alice and Olivia LLC, a women’s designer clothing store with five locations in the city—are offering personalized shopping experiences, including allowing longtime customers to take home clothing to try on if they are uncomfortable with in-store dressing rooms.” WSJ subs.
Walmart and Target drop Washington Redskins merchandise from online stores at Yahoo. “Meanwhile, literally every member of the Washington ownership group that isn’t a direct relative of Snyder is reportedly trying to sell their stake in the team and citing Snyder’s leadership as a major reason why.” Read more
Amazon stock hits $3,000 for the first time at GeekWire. “Amazon’s soaring share price has increased CEO Jeff Bezos’ net worth to more than $172 billion…” Read more
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Uber launches grocery delivery in Latin America, Canada with U.S. to follow at Reuters. “A launch in U.S. cities is expected later in July, beginning with regional merchants in Miami and Dallas, an Uber spokeswoman said.” Read more
11th Circuit won’t reinstate $775k jury verdict for deaf Costco worker at Reuters. “An 11th U.S. Circuit Court of Appeals panel in a 2-1 decision said plaintiff Christine D’Onofrio failed to show that Costco violated the Americans with Disabilities Act (ADA) by denying any specific accommodations, and faulted her for refusing to use a video-interpreting system installed by the company.” Read more
EPA names Lysol useful in fighting COVID-19 at The Hill. “The EPA announced its approval Monday of Lysol Disinfectant Spray and Lysol Disinfectant Max Cover Mist as two cleaners that are effective in warding off coronavirus infections given proper use. The study on both disinfectant products was conducted in a clinical setting. These two products are the first to be directly tested against COVID-19 viral particles.” Read more
Tipsheet Extra
Inside the luxury nuclear bunker protecting the mega-rich from the apocalypse
AI 50: America’s most promising artificial intelligence companies
How a liquor store manager broke news of Patrick Mahomes’ record-setting contract
The recession will scar Gen Z. And it could be even worse for black youth
Shake Shack says it lost $3.2 million in sales due to protests and curfews
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