Amazon sells more than 100 million products on Prime Day event at Reuters. “Amazon said it sold over a million smart home devices in the United States.” Read more
eBay chops hundreds of Bay Area jobs by George Avalos at The Mercury News. “eBay has decided to eliminate nearly 300 Bay Area jobs…They include cuts at the company’s headquarters on Hamilton Avenue in San Jose.” Read more
Inside FreshDirect’s Big Bet to Win the Home-Delivery Fight by Jennifer Smith at The Wall Street Journal. “…the new facility has 15 different temperature zones. Tomatoes do best at about 55 degrees, but “chicken and meat like it to be just at 32 degrees… it gives more of shelf life to it,” said FreshDirect Chief Executive Jason Ackerman.” WSJ subs.
Microsoft CEO on teaming up with Walmart at Fox Business 7:53 video
Meal-kit company Chef’d suddenly shut down and laid off its 350+ employees by Kate Taylor at Business Insider. “Last month, Chef’d announced it would sell its meal kits in 30 Duane Reade and Walgreens locations in New York.” Read more
Target uses Prime Day to its advantage, logging its ‘biggest online shopping day’ so far this year at CNBC. “The company said some of the best-selling items included Dyson vacuums, the Instant Pot pressure cooker (also a big hit on Amazon), Harry’s razors, Graco car seats, the Google Chromecast and furniture from Target’s own Project 62 brand.” Read more
…Nearly 90% of Target.com orders from Tuesday/yesterday will be fulfilled by Target stores Press release
Gap sues Westfield over mall expenses as tensions rise in retail world by Mike Cherney at The Wall Street Journal via Toronto Star. Read more
Dick’s moves programmatic media planning & buying in-house – moved e-commerce in-house last year by Patty Tascarella at Pittsburgh Business Times. Read more
Is Walmart Prepping a Streaming-Video Rival to Netflix and Amazon? by Todd Spangler at Variety. “Execs for Walmart see an opportunity to undercut Netflix and Amazon Prime Video with the $8 price point, according to The Information.” Read more
Loblaw delivers closing arguments in $437-million tax dispute with Canada Revenue Agency via Financial Post. “A lawyer for Loblaw Companies Ltd. told a Toronto court Tuesday there is no evidence to back the Canada Revenue Agency’s allegations that its Barbadian banking subsidiary was misused for tax avoidance.” Read more
Amazon sellers say they were unfairly suspended before Prime Day, and now have two bad choices at CNBC. “The first option is to keep their $200,000 of inventory in Amazon’s fulfillment centers and continue to try and get reinstated while racking up fees from Amazon for storage…Or, the Schapperts can pay 50 cents an item — several thousand dollars in total — to have it all shipped back…If they don’t decide soon, Amazon could destroy their inventory.” Read more
Kroger announces retirement of Atlanta Division President Bruce Lucia and the promotion of Tim Brown to succeed him. Michigan division President Scott Hays has been promoted to president of the Cincinnati/Dayton division Press release
Academy is now the official sporting goods retailer of the SEC by Jen Para at Houston Business Journal. Read more
Behavioral health startup AbleTo poaches CVS exec for its top position by Anthony Noto at New York Business Journal. “Trip Hofer, who led CVS’ specialty pharmacy division, has stepped into the role of chief executive officer at New York-based AbleTo.” Read more
Ketchum hires Chris Martin – former Walmart staffer – to head London public affairs at PR Week. Tiered subs.
Tiffany & Co. Has Built a Secret Lab of Shiny Dreams by Kim Bhasin at Bloomberg. “Their marching orders come straight from Tiffany Chief Executive Officer Alessandro Bogliolo: Rev up the pace of new ideas. Under Bogliolo, the 181-year-old company has been trying to attract a younger clientele with revamped jewelry lines and punchier marketing.” Tiered subs.
Lawsuit filed against Dick’s and subcontractor after basketball hoop – secured into drywall only and not studs – crashes and kills teen at NBC WNDU 16 Read more
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