How U.S. retailers turn their bane into boon with ‘click and collect’ at Reuters. “According to retail research and consulting firm GlobalData Retail, store pickups accounted for nearly a third of U.S. online sales last November and December. That compares with about 22 percent a year earlier and just over 17 percent during the 2016 holiday season.” Read more
Target is inviting retailers to its website by Lauren Thomas at CNBC. “It says it’s planning to partner with companies in certain categories, like sporting goods and toys, where it’s seeing high shopper demand…Chief Digital Officer Rick Gomez: “This is intended to be a very curated and select group of products and brands. … We are reaching out to the brands we want.” Read more
Apple confirms its plans to close retail stores in the patent-troll favored Eastern District of Texas by Sarah Perez at TechCrunch. Read more
Target Takes on Victoria’s Secret by Khadeeja Safdar at Wall Street Journal. “Target next month will launch three brands to sell women’s bras, underwear and pajamas that it expects will hit more than $1 billion in sales in a year….Target said all the new bras will cost less than $22 and include plus sizes.” WSJ subs. | A Bullseye View story
Amazon Air cargo jet crashes in Texas; 3 people onboard killed by Alan Boyle at GeekWire. Read more
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Bud’s Super Bowl Ad Threatens to Derail Beer Alliance by Saabira Chaudhuri at Wall Street Journal. “A fight between America’s two biggest brewers is jeopardizing a proposed “Got Milk?”-style campaign intended to help struggling beer makers win back drinkers…MillerCoors…pulled out of a meeting slated for next month and said the initiative should be paused following a public spat with Bud Light maker AB InBev.” WSJ subs.
Bellevue looks more and more like Amazon’s HQ2 by Monica Nickelsburg & Nat Levy at GeekWire. Read more
‘Ugly produce’ trend may have limits, as grocers end tests at AP via MSN. “The supplier of the Misfits produce to supermarkets, Robinson Fresh, said about 300 grocery locations still sell the fruits and vegetables, including the Hy-Vee stores. Kroger also said it still plans to introduce its “Pickuliar Picks” this spring. But among other regional chains that have stopped carrying ugly produce are Meijer in the Midwest, Hannaford based in Maine and Pittsburgh-based Giant Eagle.” Read more
Wayfair Q4 Direct Retail Net Revenue Growth +41% Press release
…Wayfair shares are up nearly 70% this year, and charts point to more gains at CNBC. “Friday was Wayfair’s best day on record. The stock soared as much as 30 percent, rocketing to a new high following a revenue beat and a 15 percent increase in active customers.” Read more
Proposed Asian grocery in Fairfield, OH sparked fear of ‘undesirables’, and citizens shut it down by Max Londberg at Cincinnati Enquirer. Tiered subs.
Men and Women Need Different Kinds of Networks to Succeed by Brian Uzzi at Harvard Business Review. “…men benefit not so much from size of network but from being central in the MBA student network—or connected to multiple “hubs”…(women) also had to have an inner circle of close female contacts, despite having similar qualifications to men including education and work experience.” Read more
No ‘Star Wars’ film is slated for 2020, but there will still be plenty of toys by Sarah Whitten at CNBC. “Disney has hired writers to create two separate trilogies. One is being written by David Benioff and D.B. Weiss, the showrunners of HBO’s blockbuster fantasy series “Game of Thrones;” the other by Rian Johnson, director of “The Last Jedi.” Read more
Tipsheet Extra Stories
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Chip and Joanna Gaines buy historic castle in Texas
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