Tipsheet: Cornell Named RILA Chairman | Amazon Go Video
Target CEO Brian Cornell is RILA’s New Chairman “Cornell: Without a doubt, the battle over the border adjustment tax was unprecedented, and it showed us that there’s an opportunity for more retailers to engage in public policy on an ongoing basis and advance our common agenda.” Cornell Q&A
Amazon Prime’s Monthly Price Hike Will Generate $300 Million a Year by Spencer Soper at Bloomberg. “Cowen estimates that 30 percent of Amazon’s 60 million Prime subscribers in the U.S. pay monthly.” Read more
Carrefour details investment plan, job cuts at Fox Business. “Carrefour says it will invest 2.8 billion euros ($3.4 billion) over the next five years in online shopping as part of a plan to boost growth that will also result in 2,400 job cuts. Europe’s biggest retailer said Tuesday that the job cuts will be implemented through voluntary departures. The positions being cut are at its French headquarters near Paris, where 10,500 people work.” Read more
Private equity firm Advent is in talks to buy 50 percent of Wal-Mart’s operations in Brazil at Reuters. Read more
ID PLEASE – Asda and Aldi stop energy drink sales to under-16 year olds in UK. “The move follows calls by campaigners for a complete ban on energy drinks, and it comes weeks after MP Maria Caulfield asked Prime Minister Theresa May to consider a UK-wide ban.” Read more
We accidentally took a yogurt from Amazon’s new grocery store without paying, but Amazon told us to keep it at CNBC. “First and foremost, enjoy the yogurt on us,” Puerini said. “It happens so rarely that we didn’t even bother building in a feature for customers to tell us it happened. So thanks for being honest and telling us.” Read more
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…As Amazon Go makes its public debut, job postings point to future expansion at Nat Levy at GeekWire. “Amazon has listed on its jobs page more than 40 positions working on Amazon Go, covering everything from real estate and construction to food service to IT, suggesting expansion of the cashier-free grocery concept.” Read more
…Line of people around the block by Todd Bishop at GeekWire. Video/Read more
‘We loot or we die of hunger’: food shortages fuel unrest in Venezuela by John Otis at The Guardian. “At a recent news conference, Freddy Bernal, the urban farm minister, declared: “We need people to understand that a rabbit is not a pet. It’s two and a half kilos of meat.” Read more
Menard’s denies liability in toy aisle stocking accident by Jonathan Ellis at Argus Leader. “Defendant’s employees negligently operated the forklift, and pushed four boxes off of the shelf and into the aisle where plaintiff was; at least one of said boxes struck plaintiff Ferrigno in the left arm/shoulder,” her complaint says.” Read more
Rite Aid Update on Asset Sale to Walgreens “Rite Aid has transferred 625 stores and related assets to WBA…WBA will purchase a total of 1,932 stores.” Press release
Tween retailer Claire’s turns to Lazard for debt advice at CNBC. Read more
Neiman Marcus encourages employees to interact with customers on social media by Lisa Fickenscher at NY Post. “Each of its associates is given a company-issued iPhone, on which he or she uses an app called Isell to communicate with customers.” Read more
Market Force: America’s Favorite Grocery Stores: #1 Publix, #1 Wegmans, #2 Trader Joe’s, #3 H-E-B at Forbes. Top 19 list
The Internet Is Filling Up Because Indians Are Sending Millions of ‘Good Morning!’ Texts by Newley Purnell at Wall Street Journal. “Millions of Indians are getting online for the first time—and they are filling up the internet. Many like nothing better than to begin the day by sending greetings from their phones. Starting before sunrise and reaching a crescendo before 8 a.m., internet newbies post millions of good-morning images to friends, family and strangers.” Read more (subs.)
Sobeys partners with U.K.’s Ocado to build online grocery delivery business at Toronto Star. Read more
Apple’s HomePod will be available to order Friday and will arrive February 9 at CNBC. Read more
Hip Airbags Aim To Save Seniors’ Lives by Angela Greenwood at CBS Sacramento. “It’s part of a pilot study working to design, develop and perfect technology to prevent hip fractures during falls and is all contained in a belt. An airbag for your hips. “The bags deployed so fast, and they come out, and they really surround your hip. they’re not just on the side,” said Eskaton resident Karen Robison.” Video/Read more
Tipsheet Extra Stories
Lowe’s Activist Believes Stock Value Could Triple
Firefighters free mom, 3-year-old who staff left trapped in Walmart bathroom
‘Incredibles 2’ Reveals New Cast, Character Details
Small-town budgets hurting from loss of mini Walmarts
Save-A-Lot plans grocery store in St. Louis “food desert”
The bats are back at Walmart store
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