Cyber Monday totalled $9.2B in US online sales, smartphones accounted for a record $3B at TechCrunch. “Following the pattern set during Thanksgiving and Black Friday — the total actually just fell short of what Adobe had expected for the day, which was $9.4 billion. Adobe expected an increase of nearly 19%; in the end it was more like 16.5%.” Read more
Supermarket Survival Means Matching Amazon by Matthew Boyle at Bloomberg. “If the new technologies work on a broad scale—and that’s a big if—they could slow Amazon’s advance, boost profits, help fend off deep-discount chains like Aldi and Dollar General and diminish the treasure-hunting appeal of places like Costco and Trader Joe’s. Just 44% of food sales today go to traditional grocery stores, down from 90% 30 years ago, according to Inmar Analytics. Supermarkets are locked in a war of attrition, and right now, they’re losing.” Tiered subs.
WANTED – SLOGAN WRITER: Amazon Critics Rally at Bezos NYC Penthouse for Cyber Monday at Bloomberg. “At the rally outside Bezos’s building, the protesters chanted “We’re cold, we’re wet and we’re holding Amazon in check” and “Bezos, Bezos you can’t hide, we can see your greedy side.” Read more
90,000 Packages Disappear Daily in N.Y.C. Is Help on the Way? at New York Times. “Package horror stories have become so common that some state lawmakers are taking aim at thieves. In Texas, package thieves could face up to 10 years in prison under a new law. A South Carolina bill, called the Defense Against Porch Pirates Act, would make package theft a felony.” Tiered subs.
Catalyst moves to block Hudson’s Bay Co takeover after its rival bid rejected at Financial Post. “The private equity firm proposed to take HBC private for $11 per share — 70 cents better than the $10.30 per share currently on offer from HBC chairman Richard Baker and his group of shareholders. But a special committee, struck by HBC’s board of directors to probe the potential takeover, said Monday night that the Catalyst offer “is not reasonably capable of being consummated.” Read more
Animal-rights activists clash with Nordstrom over fur sales by Paul Roberts at Seattle Times. “PETA plans to share its findings at a downtown Seattle press conference Tuesday morning at the Hyatt at Olive 8, not far from the Nordstrom headquarters.” Read more
Glossier is moving into Nordstrom with mini shops for its perfume, which has a cult-like following at CNBC. Read more
Mattress and bedding giant Tuft & Needle exposed thousands of customer shipping labels at TechCrunch. “More than 236,400 shipping labels were found on an Amazon Web Services (AWS) storage bucket without a password, allowing anyone who knew the easy-to-guess web address access to the customer data.” Read more
GIVING TUESDAY: American Eagle put QR codes in T-shirts to help you donate to your favorite causes at Fast Company. Read more
Lord & Taylor is returning to NYC with a mini store at Ad Age. “The shop will be just 2,400 square feet—much smaller and more tightly curated than Lord & Taylor’s sprawling, 676,000-square-foot former flagship on Fifth Avenue. It will open for two weeks in mid-December in New York’s SoHo district on Wooster Street, surrounded by upscale names like Mansur Gavriel and Diane von Furstenberg.” Tiered subs.
Cyber Monday was once again the single biggest shopping day in Amazon’s history Press release
Whole Foods responds to Mitch McConnell ‘Person of the Year’ confusion at Fox Business. “WholeFoods Magazine (is) an entirely separate publication…Twitter users took to the social media platform to express their confusion and downright disgust about the Republican politician. Some said they would no longer be Whole Foods customers.” Read more
One of Australia’s biggest wholesalers is counting the costs of losing a major deal with 7-Eleven at CNN. “Metcash on Tuesday reported a writedown of 237.4 million Australian dollars ($162.5 million), just weeks after it disclosed the end of its supplier agreement with (7-Eleven).” Read more
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