Tipsheet: DOJ Probes Beef Prices | T.Supply Eyes +25% | Lowe’s Still #1 Radio
Walmart announces a strategic partnership with fashion resale marketplace thredUP at TechCrunch. “…over 750,000 items from thredUP will be available on walmart.com/thredup, starting today. Notably, only clothing items and shoes marked as “new” or “like new” will be listed, though accessories and handbags marked as “gently used” will also be available…” Read more
Tractor Supply updates Q2 outlook: expects comp sales growth of 20% to 25% Press release
Tuesday Morning declares bankruptcy, to close 33% (230 of its 687 total) of its stores at MarketWatch. Read more
Amazon in Advanced Talks to Buy Self-Driving-Car Tech Company Zoox at Wall Street Journal. “An agreement may be weeks away, one of the people cautioned, and the discussions could still fall apart. Zoox, founded in 2014, has been working to develop the hardware and software needed to create electric-powered, robot taxis that would be summoned by smartphone app starting this year.” WSJ subs.
‘Something isn’t right’: U.S. probes soaring beef prices at Politico. “The Department of Justice is looking at the four largest U.S. meatpackers — Tyson Foods, JBS, National Beef and Cargill — which collectively control about 85 percent of the U.S. market for the slaughter and packaging of beef, according to a person with knowledge of the probe…” Read more
J.C. Penney announces new home brand Linden Street Press release
***A message from SPS Commerce. Tired of waiting weeks or even months to onboard new vendors? SPS Commerce can help! Onboard your vendors on EDI within 48 hours by eliminating technology as a barrier. Immediately address spikes in demand or add new products in key categories. More than 3,000 organizations rely on our proven approach to vendor onboarding. Visit our website for details or contact us at 866-245-8100.
Amazon, Costco, Walmart land top favorability ratings for food retailers during coronavirus at Fox Business. “According to Magid Food and Beverage Insights Tracker, polling 1,000 shoppers for May 2020, 30 percent more shoppers feel favorable about Amazon’s efforts than not, leading all retailers. Costco followed with a differential of 25 percent, Walmart at 22 percent, and Publix and Kroger at 21 percent.” List/Read more
Lowes still number one in radio – airing 68,382 commercials on radio stations last week at Radio Ink. Read more
Hibbett Sports Q1 comp sales -19.5% Press release
Walmart’s Mexico unit pays scaled-down tax of $358 million after government talks at Reuters. “In recent weeks, the (Mexican) president has threatened to make public the names of 15 companies he said owed a total of $2 billion in taxes. Some Mexican media speculated that Walmart de Mexico, also known as Walmex, was on the list…” Read more
REI Co-op and West Elm debut retail partnership with co-curated summer collection Press release
Ira Kress appointed president of Giant Food at Supermarket News. “Kress has served as interim president of Giant since July 2019, taking over from Gordon Reid, who was named president of Ahold Delhaize’s Stop & Shop supermarket chain in the Northeast.” Read more
PriceSmart plans to open its 46th warehouse club on June 17, 2020 in Liberia, Costa Rica Press release
Tipsheet Extra
Woman Nabbed For Spitting On Grocery Items
What to expect at Amazon’s first virtual shareholder meeting
Dollar General Expands Fresh Produce Offerings
Trump threatens to shutter social media companies after Twitter warning
New York City is Papa John’s fastest growing market
**
Eye on Retail Tipsheet is must-read material for retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.
Subscribe to Eye on Retail Tipsheet here
Contact us: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to info@eyeonretail.net
Website: eyeonretail.net