Tipsheet: China Deliv War | F.Below +4.4% | Simon Online Platform
Five Below Q4 comp sales +4.4% Press release
Instacart rolls out an Instant Cashout feature for shoppers by Sarah Perez at TechCrunch. “Previously, workers would have to wait a week to get paid. With Instant Cashout, they can instead opt to have their pay immediately transferred to a debit card.” Read more
Sportsman’s Warehouse Q4 net sales -0.2% Press release
Amazon says it will bring 800 new tech jobs to Austin at CNBC. “The new employees will join the more than 6,600 workers Amazon already has in the Austin area, which already includes over 1,000 corporate-level workers.” Read more
lululemon Q4 comp sales +16% Press release
Simon Property Group Inc. is testing an online shopping platform by Alexandria Burris at Indy Star. “We launched (Shop Premium Outlets) because we identified a void for an online marketplace dedicated to outlet shopping, based on our research with consumers,” Achara said.” Read more
Walgreens will sell CBD products in nearly 1,500 stores by Kelly Tyko at USA Today. Read more
Some not happy with shuttered Sam’s Club store that is now an e-com fulfillment center by Sara DiNatale at Tampa Bay Times. “In our opinion, Sam’s has breached the agreement,” Gries said. “It has been unfortunate but necessary to go to court over the matter. There’s a requirement in the agreement to operate as a retail operation, which it has now elected not to do.” Read more
PVH forecasts 2019 above estimates on Tommy Hilfiger boost at CNBC. Read more
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Walmart CEO Doug McMillon visits Israel by Yasmin Yablonko at Globes. “This is not the first time McMillon has been in Israel since he became CEO in 2013 but he has previously been able to keep his visits out of the media limelight.” Read more
Casper adds Ex-Neiman CEO & Canada Goose CEO to Board Press release
The world’s greatest delivery empire made it cheaper to eat in than go out at Bloomberg. “…it’s a fight between Meituan and Alibaba…Alibaba and its various subsidiaries dominate the country’s online retail market for physical goods, but Meituan is leading the way in services. Its namesake app, a sort of mashup of Grubhub, Expedia, MovieTickets.com, Groupon, and Yelp, has 600,000 delivery people serving 400 million customers a year in 2,800 cities.” Tiered subs.
Barneys New York CEO on opening luxury cannabis lifestyle shop at CNBC. 7:38 video
eBay Expands Retail Revival Program to Greensboro, North Carolina at eCommerce Bytes. “Each partner city works with eBay for a 12-month period, during which participating businesses receive training, support and resources to start and scale their businesses on eBay.” Read more
Funko teams up with AT&T to sell Game of Thrones figurines in telecom giant’s stores by Nat Levy at GeekWire. Read more
Stage Stores accelerates expansion of off-price store conversion strategy “The 35 second quarter conversions, which were previously planned for back-to-school, will now be completed in June…” Press release
Tommy Hilfiger joins Gap, Ralph Lauren and Lord & Taylor in closing its Fifth Ave flagship store at Fox Business. Read more
Tipsheet Extra Stories
Kroger’s Jody Kalmbach, VP digital experience, gives presentation
New cars in Europe will be prevented from speeding
The first reviews for ‘Dumbo’ are in – and it’s not looking good
Regis moving HQ to Minneapolis, to lease space in former Target building
Going viral: Dad shares awe and excitement after first trip to Costco
This pop-up bike rack is designed to take over a parking space
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