Tipsheet: GameStop CEO +$179M | B. Buy #65 Diversity | Advance Auto Comp 22%+
How a sweetheart deal gives GameStop CEO a $179 mln goodbye gift at Reuters. “…GameStop granted him more shares linked to his tenure at the company rather than to his performance as most companies do with their CEO, said Eric Hoffmann, a vice president at compensation consultant Farient Advisors LLC.” Read more
America’s Best Employers for Diversity 2021 at Forbes.
- Best Buy #65, Williams-Sonoma #77, Home Depot #105, Nordstrom #141 Ranked list
Amazon to let Whole Foods shoppers pay with a swipe of their palm at Reuters. “The deployment stops short of introducing Amazon’s cashier-less technology at Whole Foods, which critics have said would result in job cuts. Amazon One still requires scanning items at checkout, and the company said it will not impact jobs at Whole Foods.” Read more
LAST NIGHT – an event featuring Target CEO Brian Cornell was postponed as the nation awaited the Derek Chauvin jury verdict at CNBC. Read more
Stop & Shop ‘shocked and heartbroken’ by Long Island grocery store shooting at Fox Business. “Wilson, a shopping cart wrangler at the store, went to the offices immediately after arriving for work at around 11 a.m., wounding a man and a woman in one room before going down the hall and killing a 49-year-old store manager, Ryder said.” Read more
Inside the booming market for buying Amazon sellers: Secrets and insights from an acquirer at GeekWire. “They quickly buy out popular mom-and-pop Amazon sellers, and then attempt to use their e-commerce expertise in marketing and logistics to drive additional revenue and profits across a wide range of brands. There are now about 40 of these aggregators — with names like Perch, Thrasio and Cap Hill Brands — operating across the e-commerce landscape.” Q&A
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LVMH, Richemont and Prada unite behind a blockchain consortium at NY Times. “LVMH Moët Hennessy Louis Vuitton, which first unveiled plans for a global blockchain-based system in 2019, will be joined by Prada Group and Compagnie Financière Richemont in the Aura Blockchain Consortium, a nonprofit group that will promote the use of a single blockchain solution open to all luxury brands worldwide.” Read more
Amazon criticizes European soccer ‘Super League’ as anticompetitive, says Prime Video not involved at GeekWire. Read more
Lidl US Appoints New CEO at Virginia Views. “…its current CEO announced on April 20 that he was stepping down to spend more time with his family. Lidl’s US President and CEO Johannes Fieber is leaving the company in late May, and Michal Laguionek, a long-time Lidl manager based in Germany, will take his place.” Read more
The Americas’ fastest-growing companies 2021 at Financial Times. Ranked list
Home Depot reacts to boycott campaign over Georgia voting law at Fox Business. “One of the leaders, Pastor Jamal H. Bryant – who called notorious anti-Semite Louis Farrakhan “one of the greatest leaders of our people” – called a boycott of the Home Depot a “necessary evil” in a Tuesday New York Times article…Home Depot said in a statement to Fox News that the company would “continue to underscore our statement that all elections should be accessible, fair and secure…” Read more
Advance Auto Parts estimates Q1 comp sales will range from 22% to 24% Press release
STUCK IN THE MIDDLE – Snarled Supply Chain Trips Up Small Businesses at Wall Street Journal. “One of the biggest challenges of being a small company is we buy from billion-dollar companies and sell to billion-dollar companies,” making it difficult to fend off price increases or pass them on to customers, (Heather Chandler) said.” WSJ subs.
Tipsheet Extra
Here’s everything Apple announced at its ‘Spring Loaded’ event
Netflix reveals $17 billion in content spending in fiscal 2021
This startup helps homebuyers make all-cash offers when they don’t have enough cash
L’Oreal targets male beauty with push into new ‘growth engine’ market
Median home price in Boston-area hits record of nearly $725K
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