Tipsheet: Cristobal Landfall Mon. | Michaels -27.6% | eBay +23%


Record-breaking Cristobal could approach US Gulf Coast as a hurricane at AccuWeather. “The current window of where predicted landfall is most likely extends from the upper Texas coast to the Mississippi Panhandle, putting central Louisiana in the middle of that zone late in the weekend or early next week.” Read more


Michaels Q1 comp sales -27.6% Press release


CDC wants people to drive solo to avoid coronavirus, sparking fear over more congestion and emissions at CNBC. “Promoting private vehicle use as public health strategy is like prescribing sugar to reduce tooth decay,” said University of British Columbia urban planning and public health professor Lawrence Frank.” Read more


The biggest US mall owner, Simon Property, sues Gap over skipped rent payments at CNBC. Read more


Amazon Air adding 12 more cargo aircraft to delivery fleet at GeekWire. “The expansion brings Amazon’s fleet to more than 80 aircraft, with one that was added last month and the other 11 to be delivered in 2021. Amazon Air launched in 2016.” Read more


eBay now expects full Q2 volume growth rates to land between 23% and 26% as compared to the prior year period Press release


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Walmart rethinking use of new home office; technology teams to continue working remotely at Talk Business. “McMillon said Walmart “is always going to need office space” for some divisions and for collaboration. One particular challenge he has seen with working remotely is the “difficulty in onboarding a new associate.”…McMillon said while some divisions will continue to work remotely, most will return to their offices as the pandemic impact subsides.” Read more


Dick’s Sporting Goods will be the lone surviving athletic retailer, Susquehanna says at MarketWatch. Read more


Walmart removes firearms and ammunition from some stores at CNBC. “Walmart CEO Doug McMillon said during the company’s annual shareholders meeting Wednesday that some of its stores have been damaged, too. “We’ve had some stores where we’ve had inventory lost and some physical damage, but it’s not very many stores as a percent of total,” he said.” Read more


Amazon in talks to buy $2 billion stake in Indian telco Bharti Airtel – sources at Reuters. “The planned investment, if completed, would mean Amazon acquiring a roughly 5% stake based on the current market value of Bharti and would give India’s third-largest telecoms company a boost as it seeks to compete against the number one player Reliance Jio.” Read more


Feds indict execs from chicken companies Pilgrim’s Pride, JBS USA for price-fixing at NY Post. Read more


Southeastern Grocers Selling 62 Stores to Food Lion, Dissolving Bi-Lo Banner at Progressive Grocer. “This is part of SEG’s larger plan to no longer operate stores under the Bi-Lo banner, but instead invest in its Fresco y Más, Harveys Supermarket and Winn-Dixie banners.” Read more


Google and Walmart establish dominance in India’s mobile payments market at TechCrunch. Read more


Walmart CEO Doug McMillon hosts 2020 annual shareholders’ meeting at Seeking Alpha. Transcript


Lowe’s Management presents at Baird 2020 Conference at Seeking Alpha. Transcript


Tipsheet Extra

Levi’s says ‘everybody has a new size,’ as shoppers return to stores

Search for baby raccoons handed out outside of 7-Eleven

Epidemic of wipes and masks plague sewers, storm drains

Nintendo’s Donkey Kong statue was not actually stolen from its NYC store

Tampa nurse wants to thank woman that paid for her groceries at Publix

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