Online sales reach $10.8 billion on Cyber Monday, the biggest U.S. e-commerce day ever, Adobe says at CNBC. “Cyber Monday spending rose 15.1% year over year, according to Adobe, which analyzes website transactions from 80 of the top 100 U.S. online retailers. That came in short of Adobe’s original forecast of $12.7 billion. The firm had been revising the estimate downward in recent days.” Read more

 

Sephora will open mini shops inside 850 Kohl’s stores by 2023 at CNBC. “Some 200 Sephora at Kohl’s locations will open by next fall, rising to at least 850 sites by 2023…Sephora will also launch on Kohl’s website next year, offering more than 100 beauty brands, some of which are exclusive to Sephora.” Read more

 

Amazon says this year’s holiday shopping period has been the biggest in its history at CNBC. “Self-care, “nesting at home”, and “cozy comfort” were among the most popular trends during the period.” Read more

 

…Amazon says sellers racked up $4.8 billion in global sales over holiday weekend at Reuters. Read more

 

Digital ads to account for more than half of year’s U.S. advertising expenditures for first time at Wall Street Journal. “GroupM expects marketers to spend $110.1 billion on digital ads this year, or 51% of the total $214.6 billion total U.S. advertising-spending forecast, excluding political ad outlays. Next year, it expects U.S. ad spending to grow 12% to $240 billion, and digital advertising to account for $130 billion, or 54% of the total.” WSJ subs.

 

Retailers seize on pandemic fallout to become property owners at Fox Business. “Other retailers are taking advantage of the times to upgrade their rental space. Home Depot Inc. is planning to relocate its basement store in Manhattan’s Upper East Side a few blocks away to a four-story store currently occupied by Bed Bath & Beyond Inc.” Read more

 

Walmart Announces Dr. Cheryl Pegus as EVP of Health & Wellness “Dr. Pegus joins Walmart from her most recent role as Cambia Health Solution’s President of Consumer Health Solutions and Chief Medical Officer…Additionally, Dr. Pegus is co-founder of A New Beat, an organization dedicated to improving the cardiovascular health and careers of women and under-represented minorities.” Press release

 

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Canada to force tech giants like Netflix, Amazon and Spotify to charge and remit tax at Financial Post. “The federal government will soon force foreign digital vendors like Netflix and Amazon to collect sales taxes on a bevy of products and services sold to Canadians, while also promising a much-requested new tax on web giants by 2022.” Read more

 

Blue Apron Names Charlean Gmunder Chief Operating Officer “Most recently, Gmunder was the vice president of catering operations with United Airlines…” Press release

 

‘Personalized gifts’ is the No. 1 search term on Etsy this year, CEO says at CNBC. “It is even more popular than queries for masks, a category that was virtually nonexistent on Etsy this year before the coronavirus pandemic caused a boom in sales, Silverman said in a “Closing Bell” interview. In the second and third quarters alone, Etsy sold more than $600 million in face masks…” Read more/Video

 

The Home Depot Expands Skilled Trades Initiative with “Path to Pro” Program “The company recently sponsored its first weeklong boot camp to teach essential industry skills like job site safety, tool usage, material handling as well as communication and professional skills. The boot camp is piloting in the Atlanta area and is planned to expand into additional markets next year.” Press release

 

Bed Bath & Beyond Inc. Hires John Welling To Lead Merchandise Planning Team “He was SVP for Planning and Allocation at JC Penney, before which he held senior merchandising, planning and operations roles at The Michaels Companies and Walmart…” Press release

 

Forbes 30 Under 30: Retail & Ecommerce Read more

 

Foot Locker CFO Lauren B. Peters To Retire In April 2021 “Foot Locker has initiated a comprehensive search process with the assistance of Crist|Kolder, a leading executive search firm, to identify Ms. Peters’ successor.” Press release

 

Tipsheet Extra

Costco Facebook Scam Claims to be Giving Away Free Christmas Food Boxes

Target inks another lease in Manhattan

Average person spending an additional four hours a day sitting down

‘Vikings’ Creator Developing Plague Miniseries for History

In dark day for UK retailing, 242-year-old Debenhams to shut

Read Tipsheet Extra Stories

 

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