Tipsheet: Cornell/Tome on CNBC | Chain Applies to Sell Marijuana | Amazon #1 in Clothing in ’17 | Target Broadcast Ad $ +21%
Canada: Shoppers Drug Mart formally applies to distribute marijuana, but there will have to be rule change first by Claire Brownwell at Financial Post. “The company plans only to distribute it, not grow it…If Shoppers’ application is successful, it would require changing medical marijuana policies to allow pharmacists to fill prescriptions in person in retail stores. Currently, medical marijuana can only be legally distributed through the mail.” Read more
Target increasing holiday broadcast ad spending by 21 percent by Kavita Kumar at Star Tribune. “Target will roll out a series of promotions in mid-November that each week offer $10 off a $50 purchase in different product categories such as grocery, apparel and toys. And for the third year in a row, Target will offer free shipping on any size online order — a promotion Richfield-based Best Buy also launched earlier this week. Target’s free shipping began Tuesday and will go a week later than last year, until Jan. 1, because Hanukkah starts Dec. 24 this year.” Read more
Home Depot’s Carol Tome on CNBC – Discusses Fuel Cell Initiatives See the segment
Amazon on pace to become biggest U.S. clothing retailer by next year, study says by Nat Levy at GeekWire. “According to a report by Cowen & Co., Amazon’s clothing and accessory sales are projected to rise approximately 30 percent next year to $28 billion, while Macy’s sales are expected to decline 4 percent to $22 billion.” Read more
Online orders must be delivered in two days to be considered ‘fast’ by Krystina Gustafson at CNBC. “According to a new survey by Deloitte, just 42 percent of consumers characterize three- to four-day shipping as “fast” — down 21 points in just one year.” Read more
Kohl’s will likely open on Thanksgiving for Black Friday shopping by Melanie Lawder at Milwaukee Business Journal. “(Kohl’s) recently filed a request with the city of Glendale to open for extended hours on Thanksgiving Day, and Nov. 25 at its location in Bayshore Town Center mall. According to that request, Kohl’s wants to open at 6 p.m. on Thanksgiving and stay open all night, for 30 straight hours, until Black Friday ends at 12 a.m.” Read more
Target CEO Cornell on CNBC See the video
PICS – 3M Design Center spurs creativity and innovation by Rachel Siegel at Minneapolis/St.Paul Business Journal. 9 pics / Read more
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Coke taps high-tech fountain data for new flavor by Russell Grantham at AJC. “(Coke) plans to introduce two new soda flavors early next year — Sprite Cherry and Sprite Cherry Zero — after that flavor combo turned out to be one of the most popular options among customers using its Freestyle soda fountains, which allow people to make mix-and-match drink flavors.” Read more
Study: Nearly 20% of Amazon’s 65M Prime members in U.S. go with monthly charge by Nat Levy at GeekWire. Read more
Walmart in Manitoba drops Visa at 16 stores at CBC News. “Alex Roberton, a spokesman for Walmart, says the company pays more than $100 million a year in credit card fees and is focused on reducing Visa transaction costs. Roberton says the impact of its policy on customers in Thunder Bay has been minimal, adding that the stores have seen an increase in cash and debit payments.” Read more
As Under Armour stock tumbles, Kevin Plank says ‘the growth remains intact’ by Holden Wilen at Baltimore Business Journal. Read more
Target Channels Hamilton and The Nutcracker for Holiday Campaign Aimed at Hispanic Shoppers by Christine Birkner at Adweek. “Its ads include “The Toycracker,” a Broadway-musical inspired spot with both English and Spanish versions, which stars a little girl, Marisol, and Target’s mascot, Bullseye the dog, as well as a parade of toys you can buy at Target.” See the spot / Read more
Google Express expands, now reaches 90 percent of U.S. by Sarah Perez at TechCrunch. Read more
Apple May Have Underestimated Demand for the iPhone 7 Plus via Fortune. “The technology leader is not sure it can make as many units of the iPhone 7 Plus as consumers want in time for the Christmas shopping rush, Apple’s CEO Tim Cook told analysts on Tuesday. It will manage to make enough of the smaller iPhone 7s, though, he said.” Read more
Target Unveils Holiday 2016 Plans Press release
Plunging home improvement stocks raise questions about the housing market by Alex Rosenberg at CNBC. “It’s more of a retail story, and that’s where the issues are. The spending’s just not coming in, and we’re starting to see disappointments,” Sanchez said on CNBC’s “Trading Nation.” Read more
Facebook isn’t making money when you shop on Facebook — yet by Kurt Wagner at Recode. Read more
Jimmy John’s sued: Mustard leaves woman speechless by John Agar at M Live. “She could barely speak when she got home. Several days later, she went to work but was told to go home. “Plaintiff has been unable to speak above a whisper since the incident occurred,” Mueller wrote in the lawsuit.” Read more
AmazonFresh Expands to New Cities, including Chicago and Dallas Press release
Tipsheet Extra Stories
Boston: Purple Carrot partners with Whole Foods
Bloomberg: How MusclePharm Went From Swole to Twig
Apple Pay is live in Japan and works on public transport
Apple Has Mistakenly Unveiled the New MacBook Pro and Touchbar
Nordstrom will hire 1,900 fulfillment employees for the holidays
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