Tipsheet: CNN Hits Target | WM InHome Live | Lowe’s Upgrade | Barneys in Saks?
Walmart will now put groceries right in your fridge, starting in Kansas City, Pittsburgh and Vero Beach, FL at CNBC. “InHome grocery delivery is a membership program that is being rolled out at an introductory price of $19.95 a month. It requires shoppers to purchase a $49.95 smart door lock kit or smart garage door kit, which comes with free installation and one month of free unlimited grocery delivery.” Read more
Barneys nearing sale to Saks, Authentic Brands by Lisa Fickenscher at NY Post. “Saks Fifth Avenue is teaming up with licensing firm Authentic Brands Group to acquire Barneys out of bankruptcy for $270 million, sources told The Post…Under the deal, ABG would acquire the Barneys brand and Saks would pay a licensing fee to operate Barneys.com and create a Barneys store within Saks.” Read more
Walmart subsidizing some vendors in price war with Amazon at Ad Age. “Walmart…has introduced a program to temporarily lower the price consumers pay for some items on its marketplace site, where third-party vendors pay Walmart a fee to list their goods. The merchants selling on the site, however, will still be paid the same amount that was listed before the cuts, with Walmart subsidizing the difference, according to a description of the plan obtained by Bloomberg that was confirmed by a Walmart spokeswoman.” Registration/Subs.
Amazon Joins Trend of Sending Workers Away for Health Care by Melanie Evans at Wall Street Journal. “One of the latest is Amazon.com which will pay travel costs for workers diagnosed with cancer who choose to see doctors at City of Hope, a Los Angeles-area health system. More than 380,000 of the Seattle-based company’s employees and families across the U.S. are eligible for the travel benefit.” WSJ subs.
How Kohl’s is trying to keep its stores fresh ahead of the holidays at CNBC. “At a Kohl’s store here, the retailer has rolled out a space called “Curated by Kohl’s,” to be heading to 50 of Kohl’s roughly 1,100 locations nationwide. It features six brands, including lingerie maker Adore Me and card marker Lovepop. And in these spaces, Kohl’s is working with Facebook — and its massive database of brands that advertise on the social media platform and Instagram — to help market the brands and choose what might rotate in next.” Read more
**A message from Home & Outdoor cookware – Utensils perfect for the cabin, camping, RVs, hunting and fishing. High quality and 3X stain and scratch resistance. Retail ready packaging. Sales deck | Samples: info@eyeonretail.net
Panera Bread employee who posted video ‘exposing’ how mac and cheese is prepared was fired at Fox News. Read more
How Amazon.com moved into the business of U.S. elections by Nandita Bose at Reuters. “The expansion by Amazon Web Services into state and local elections has quietly gathered pace since the 2016 U.S. presidential vote. More than 40 states now use one or more of Amazon’s election offerings, according to a presentation given by an Amazon executive this year and seen by Reuters.” Read more
Walmart’s Flipkart confirms it is entering the food retail business in India by Manish Singh at TechCrunch. Read more
Amazon is eating into Google’s dominance in search ads at CNBC. “Amazon’s share is expected to grow to 15.9% by 2021, with Google’s expected to contract slightly to 70.5% of the market.” Read more
Piper Jaffray analyst Peter Keith upgraded Lowe’s to Overweight from Neutral with a price target of $130, up from $113 at Real Money. Read more
Target raised wages. But some workers say their hours were cut, leaving them struggling by Nathaniel Meyersohn at CNN Business. “CNN Business interviewed 23 current and former Target employees in recent months, including department managers, who say hours have been scaled back…Andrew, who works at a Target store in Maryland, put it simply: “How are we supposed to be enthusiastic and happy if we’re only working 19 hours a week?” Read more
Tipsheet Extra
Underground store for buying stolen credit card data has itself been hacked
Amazon’s rapid expansion in Bellevue could reach 4.8M square feet
Mack Truck workers strike for the first time in decades
2019 C-store design contest honors seven retailers
Woman feels ‘violated’ after Instacart delivery gone bad
Black households can afford just 25% of homes for sale, down from 39% in 2012
**
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