Tipsheet: H.Depot Likes Homee | Overstock/Porch Team
Conagra Brands to acquire Pinnacle Foods for about $8.1 billion at CNBC. “The pairing of Healthy Choice-owner Conagra and Bird’s Eye-owner Pinnacle would combine two companies with a large presence in frozen foods at a time when the category is seeing a resurgence. It would also create the second-largest U.S. frozen food company behind Nestle, analysts at RBC Capital Markets have written.” Read more
Home Depot continues to install lockers in stores for online orders by David Pan at USA Today. “The initiative began in 2016 and it hopes to have lockers in all its stores within three years.” Read more
Amazon opens package pickup location in Seattle by Nat Levy at GeekWire. “The store is located at 14333 Aurora Ave. N. in north Seattle…Amazon’s pickup locations offer free shipping on all orders…There are about 30 pickup locations in the U.S., which are like a cross between a FedEx or UPS Store and Amazon Lockers.” Read more
Stitch Fix CEO Katrina Lake has joined the board of beauty brand Glossier by Jason Del Rey at Recode. “Glossier grew out of Into the Gloss, a beauty blog that Weiss created in 2010. Since then, she has raised $86 million in venture capital to help fuel a breakout beauty brand…” Read more
Fortune’s 2018 Best Workplaces for Millennials (Publix #62, Build-A-Bear #87) List
Overstock and Porch team up as they battle Amazon, others in home services industry by Taylor Soper at GeekWire. “After adding installation or assembly services at checkout, Overstock customers can connect with the Porch Home Assistant, an AI-powered feature that uses job request data to match with a local professional.” Read more
Nordstrom to Host Investor Day on July 10 Press release
**A message from Kidibul – The festive, bubbly beverage made for kids’ parties! 100% natural & sparkling juice in a champagne type bottle with natural cork & wire to pop. Website | PowerPoint | Samples: info@eyeonretail.net
A 28-year-old Democratic Socialist just ousted a powerful, 10-term congressman in New York by Gregory Krieg at CNN. “Alexandria Ocasio-Cortez, a 28-year-old Latina running her first campaign, ousted 10-term incumbent Rep. Joe Crowley in New York’s 14th congressional district on Tuesday, CNN projects, in the most shocking upset of a rollicking political season.” Read more
Home Depot, growth equity company invest $11M in Tampa tech firm by Margie Manning at Tampa Bay Business Journal. “Homee uses GPS-enabled smartphone technology to link customers and property maintenance service providers including electricians, plumbers, HVAC technicians and handymen.” Read more
Lessons From a Six-Month Shopping Detox by Hayley Phelan at Wall Street Journal. “Consumer psychologist Kit Yarrow argues that shopping may serve the same function that visualization tactics do for athletes; it helps us prepare for the future, quelling anxiety in the present. But while trips to the mall with friends may qualify as a leisure activity, my solo research missions didn’t feel like much fun.” Read more (Subs.)
User Review: Walmart shopping assistant app isn’t instinctive by Kim Souza at Talk Business. “Users have to switch back and forth from the in-store setting and Walmart.com search options too often for the app to save time. If all the items the shopper wanted to add to their cart could be spoken directly into the app and quickly added to the list then the there could be some time savings.” Read more
Saks Fifth Avenue adds a FaceGym facial workout to its remodeled beauty space by Anne Stych at New York Business Journal. “Saks is the site of the first U.S. location of FaceGym, which offers a “muscle manipulation” workout to tone, tighten and sculpt the face founded in London, Haute Living reports.” Read more
Living near Walmart improves food security, increases obesity via NY Post. “…researchers found that living twice as far away from the nearest Walmart Supercenter would significantly increase a household’s chance of being food insecure by 2 percentage points. And children were 2.7 percentage points more likely to be food insecure in those circumstances.” Read more
Tipsheet Extra Stories
NBA players love this shoe brand so much, they just bankrolled it
Krebs: How to Avoid Card Skimmers at the Pump
Beer rationing begins after a carbon dioxide crisis hits Europe
McDonald’s wants to win breakfast by selling the best part of the muffin
Grammys Expand Major Category Nominations From Five to Eight
**
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: Send story tips, press releases and advertising inquiries to info@eyeonretail.net
Website: www.eyeonretail.net