Tipsheet: FedEx Caps Retailers | Katz to Neiman? | Bed Bath New Brand Officer
Shoppers begin to shift from stockpiling to penny pinching at the grocery store at CNBC. “As this drags on, you are going to see a lot more recessionary behavior coming up,” said Krishnakumar Davey, president of strategic analytics at IRI. “We are just seeing the beginnings of it.” Read more
FedEx, Strained by Coronavirus, Caps How Much Retailers Can Ship From Stores at Wall Street Journal. “Kohl’s, Abercrombie & Fitch among two dozen companies asked to limit shipments…The limits vary at each location and will last until at least Tuesday. A FedEx spokeswoman said the limits are similar to what the company does during busy shipping seasons like Christmas.” WSJ subs.
Lenders want Neiman Marcus CEO canned after bankruptcy plan at NY Post. “The push…has even resulted in a list of replacement candidates, including Raemdonck’s predecessor and longtime Neiman CEO Karen Katz, the source said. Other contenders on the interim-CEO list include ex-Neiman President Jim Gold, former Saks Fifth Avenue Chief Executive Stephen Sadove, and Chris Sim, Neiman’s current chief operating officer, the source said.” Read more
Bed Bath & Beyond names Cindy Davis new Chief Brand Officer and President Of Decorist “Ms. Davis will join the Company from L Brands, where she currently serves as EVP and Chief Digital Marketing Officer…Previously she was EVP, Consumer Experience, at Disney/ABC Television, prior to which she held strategic leadership positions at…Walmart (and) Sam’s Club…” Press release
Jeff Bezos could become world’s first trillionaire by 2026 at NY Post. Read more
Casey’s General Stores hires Ena Williams as chief operating officer and Steve Bramlage as chief financial officer “Williams spent a decade at 7-Eleven and served as senior vice president and head of international.” Press release
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5% to 10% of pre-Covid-19 retail demand could be decimated permanently, as “lost store volume can’t entirely be made up online”: Wells Fargo at CNBC. Read more
TV Shopping Avoids Media’s and Retailers’ Woes at Wall Street Journal. “Qurate Retail, the parent company behind QVC and Home Shopping Network, last Thursday reported over 10% viewership growth on its networks from late March through the end of April year over year. Viewership of its live and original content also is up 100% across social platforms.” WSJ subs.
Amazon calls on Congress to create anti-price gouging law at TechCrunch. Read more
BJ’s Wholesale Club Campaign Depicts Chaos Of Family Meals at MediaPost. “The digital and television campaign also promotes the company’s burgeoning buy online, pickup in-club option—BOPIC, in BJ’s corporate parlance—and same-day, home-delivery service.” Read more | See spot
Amazon Warns Sellers to Standardize Sizes in Apparel at eCommerce. Read more
Bizarre clothing rules for lockdown baffle South Africans at Bloomberg/Gulf News. “South African stores can only sell shoes if they are “closed toe,” and short-sleeved shirts if they are promoted or displayed to be worn under jackets or jerseys, according to the latest list of government rules that spell out what’s allowed during a nationwide lockdown.” Read more
Amazon is designing and building face shields to sell to frontline workers at CNBC. Read more
Lidl Brings New Prototype to Atlanta
HBO teams with Scener to give subscribers the ability to watch TV together
Walmart Fights Prescription Opioid Misuse
Kidney injury seen in more than a third of hospitalized COVID-19 patients
Houseparty to expand its service to co-watching live video with friends
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