Tipsheet: Dems Wait @ Amazon | Loblaw Fines Return | UK Panic Buying
UK: Panic buying is back as people fear second lockdown at DorsetEcho. “Reduced-price food aisles and hygiene sections at some stores were left depleted in scenes familiar to March and early April, after the Government warned of rising coronavirus cases across the UK.” Read more
Ralph Lauren to cut thousands of jobs and beef up online business at Reuters. “The company had a total workforce of 24,900 as of March end and based on that, the plan could impact more than 3,700 jobs.” Read more
Lawmakers Call Amazon Warehouse Unsafe After Surprise Visit at Bloomberg. “Representatives Rashida Tlaib and Debbie Dingell, both Michigan Democrats, made a surprise visit earlier this month to an Amazon warehouse in Romulus, Michigan. The lawmakers said they were asked to wait outside for about 90 minutes before being invited in for a tour. While they waited, someone inside the building called the police on them.” Tiered subs.
Canada: Loblaw to resume charging suppliers fines on light shipments even as second wave looms at Financial Post. “Loblaw Cos. Ltd., the biggest grocer in Canada, is reinstating fines for light shipments after months of leniency for suppliers that couldn’t keep up with the panic buying and unprecedented demand for food during the pandemic’s first months, but a major trade association is questioning the timing of the fines.” Read more
Walmart Partners with Goldman Sachs to Offer Marketplace Sellers Access to Capital “Initially, approved sellers will have access to lines of credit from Marcus between $10,000 – $75,000, and plans are to substantially increase the maximum line amount available in the future.” Read more
Sam’s Club partners with Seattle startup 98point6 to offer customers telehealth service at GeekWire. “Sam’s Club members will get a discounted introductory fee of $20 for the first three months (normally $30), and then $33.50/month after that…98point6…offers access to physicians that diagnose more than 400 common conditions. It provides primary care in all 50 states to more than 3 million patients.” Read more
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Lowe’s plans to install pickup lockers at all U.S. stores by the end of March 2021 Press release
Amazon adds Tile to Sidewalk wireless network at GeekWire. Read more
Walmart aims for zero emissions across its global operations by 2040 at Fox Business. “Walmart says it plans to harvest enough wind, solar and “other energy sources” to power its facilities with 100% renewable energy by 2035.” Read more
Brookfield Properties’ retail arm is laying off 20% of its workforce, as pandemic hits malls at CNBC. Read more
TikTok’s Zero Hour: Haggling With Trump, Doubts in China and a Deal in Limbo at The Wall Street Journal. “On Friday Mr. Trump jumped on the phone with Oracle Chairman Larry Ellison and Walmart Chief Executive Doug McMillon. Mr. Ellison, a Trump supporter and one of the world’s richest people, spent most of the time getting the president comfortable with the deal structure and Oracle’s role in addressing his security concerns, according to people familiar with the matter.” WSJ subs.
Costco co-founder told CEO ‘I will kill you’ following hot dog combo price hike suggestion at Fox News. Read more
Netflix’s ‘Get Organized with The Home Edit’ has viewers flocking to The Container Store at Mashable. “Shearer and Teplin make over 16 different spaces…everywhere from Reese Witherspoon’s memorabilia closet and Khloe Kardashian’s garage to a neighborhood youth center and kitchen for a family of five…” Read more
Tipsheet Extra
Teenager ‘shot with crossbow’ at Aldi store
Walmart says it will no longer supply English cucumbers wrapped in plastic
Why Boxed is doubling down on its private label program
What to expect at Tesla’s battery day event
Existing home sales jump to 14-year high
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