Tipsheet: eBay CEO Out | Sheetz Tech Hub | B.Buy Double Down
eBay CEO steps down as it continues to weigh selling off businesses at CNN. “Devin Wenig has stepped down as president and CEO…Scott Schenkel, a longtime eBay executive, will take over as interim CEO while the board conducts a search for a permanent replacement.” Read more
Best Buy CEO Corie Barry wants to ‘double down’ on its strategy at CNBC. “We’re the last consumer electronics retailer, and we offer unique advantages to both our vendors and our customers,” Barry said in an interview with CNBC. “If you’re going to hinge on a strategy that’s built around these unique customer relationships, I think you actually double down on it in times of … disruption.” Video/Read more
Target’s systems briefly go down for third glitch to hit shoppers in 3 months by Evan Ramstad at Star Tribune. “Target’s checkout registers, website and mobile app went offline for a short period Tuesday afternoon…As word of the outage spread around 3 p.m. Minnesota time, Target shoppers went on social media to report their experiences. Some said Target employees were handing out candy and coupons to the Starbucks outlets in their stores as customers waited.” Tiered subs.
Amazon launches on-demand healthcare clinic for Seattle-area employees by James Thorne at GeekWire. “Sick employees can sign into a mobile app to meet with a nurse practitioner in real-time through text or video. If the condition can’t be diagnosed or treated remotely, the employees can request that a clinician visit them at home or in the office…” Read more
At Home cancels CEO’s stock options — at his request by Maria Halkias at Dallas Morning News. “The 1,988,255 shares had an exercise price of $38.35 a share, which was the price of the stock when the options were granted, but the options were underwater…At Home’s share price has been on a decline over the last 18 months and closed on Tuesday at $9.49, down 23 cents.” Tiered subs.
Sheetz picks Pittsburgh for technology and innovation hub at KDKA 2 CBS Pittsburgh. “The hub will aim to turn Sheetz into a “one-stop-shop.” “Our mission at Sheetz is to create a business that puts the Sheetz as we know it today, out of business,” (said) Emily Sheetz, Sheetz’s AVP of Strategy” Read more
Working Mother Reveals the 100 Best Companies of 2019 – Johnson & Johnson #1 Unranked list
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Gap Inc. appoints Mary Beth Laughton as president and CEO of Athleta “Most recently, she was EVP of Omni retail for Sephora U.S. leading both the e-commerce and stores channels…Prior to that, Laughton spent nine years at Nike…” Press release
Nike Q1 revenue +7.0% Press release
Arby’s owner buys Jimmy John’s at CNBC. “Inspire Brands, backed by private equity firm Roark Capital Group, announced Wednesday it will acquire Jimmy John’s for an undisclosed amount. The chain has more than 2,800 locations.” Read more
Amazon unveils voice interoperability initiative with more than 30 companies – ‘a shot across Google’s bow’ by Taylor Soper at GeekWire. Read more
Anheuser Busch will sever its relationship with ‘Game Day’ attendee over racist tweets after fulfilling a public agreement to donate to a charity on his behalf at The Hill. Read more
Walmart plants pollination plots by Serenah McKay at Northwest Arkansas Democrat Gazette. “The test gardens are at Walmart stores in Oregon, Washington state and North Carolina, with an additional one at the retailer’s Bentonville headquarters. They were planted in April and May…” Pic/Read more
Tipsheet Extra Stories
Amazon acquires INLT to help sellers import goods to the U.S.
Mattel just launched a line of gender-neutral dolls
Food Network Partners With Amazon for Interactive OTT Cooking Platform ‘Kitchen’
Bonobos’ CEO: Here’s how Walmart has helped us.
Marshalls finally launches first online store
Shooting threat at ‘Joker’ premiere spurs warning from Army Criminal Investigation Command
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