Amazon Takes a Page From Toys ‘R’ Us With a Holiday Catalog by Matthew Townsend at Bloomberg. “The printed guide will be mailed to millions of U.S. households and handed out at Whole Foods Market locations, the grocery chain Amazon bought last year, said the people, who asked not to be named because the plan isn’t public.” Tiered subs.
Barnes & Noble fires CEO Demos Parneros for violating company policies at CNBC. “The company did not specify exactly which policies were violated…Parneros will not receive any severance and is no longer a director on its board, the company said in its statement.” Read more
Shopping malls want to make you pay for prime parking spots by Lisa Fickenscher at NY Post. “Woodbury Common Premium Outlets is the latest shopping center to sign a deal with MyPark. Shoppers who want to reserve a spot near the entrance or by popular restaurants can pay $3 for two hours — plus $3 an hour thereafter — to reserve a spot as much as six months in advance.” Read more
Walmart pulls controversial ‘Impeach 45’ clothing from website after harsh feedback at Fox News. “These items were sold by third party sellers on our open marketplace, and were not offered directly by Walmart. We’re removing these types of items pending review of our marketplace policies,” a Walmart spokesperson told Fox News.” Read more
Judge sides with L.L. Bean in man’s challenge of its return policy by Lauren Zumbach at Chicago Tribune via Boston Herald. “L.L. Bean put a one-year limit on most returns in February to reduce abuse of its satisfaction guarantee. Less than a week later, Victor Bondi sued in U.S. District Court in Chicago.” Read more
**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: firstname.lastname@example.org
Take Our Cheese, Please: American Cheese Makers Suffer Under New Tariffs by Heather Haddon at Wall Street Journal. ““It’s a nightmare,” said BelGioioso President Errico Auricchio. Milk consumption in the U.S. has been falling for decades, prompting dairies to turn more of it into cheese. To sell it all, farmers have aggressively marketed their products to growing middle-class populations in Mexico and Asia.” WSJ Subs.
Netflix testing higher-priced ‘Ultra’ subscription plan: report at Fox Business. “The price for an Ultra plan could be set as high as $19.80, according to CNET. Other media outlets have reported it will cost users $16.99. Netflix is said to be assessing whether consumers place more value on the number of streams or higher content quality.” Read more
Costco changes up food court menu, but the $1.50 hot dog deal remains by Benjamin Romano at Seattle Times. ““The all-beef hot dog remains,” Galanti said, confirming that the Polish dog is being discontinued to make way for new items…“I can assure we don’t make a lot on the hot dog and soda,” Galanti said. It’s not a loss leader…but “closer to break-even than you think,” he added.” Tiered subs.
New Alibaba concept store teases future of fashion retail “The pilot store, open for a limited time only from Thursday through Saturday at Hong Kong Polytechnic University, showcases Guess apparel through innovations such as “smart mirrors,” which display product information on a nearby screen when shoppers are touching or picking up a garment.” Read more
TiVo CEO resigns for ‘personal’ reason at CNBC. Read more
CANADA – Home Hardware CEO Terry Davis to retire after 48 years with the company at The Globe & Mail. “In 2017, the store’s yearly gross sales reached $6-billion a year, which equalled a 13-per-cent share of the home-improvement industry. That put Home Hardware in third place behind Home Depot Inc. (17 per cent) and Rona Inc./Lowe’s Cos. (15 per cent), and just ahead of Canadian Tire Corp. Ltd. (12 per cent).” Read more
EASY POLICE WORK – Man steals Walmart trailer full of merchandise – leaves it in his front yard at NBC 16 WNDU. “After all of the action calmed down, Walmart sent its people in to reclaim their lost inventory. But it’s hard work. I ended up helping out for 15 minutes or so and found that the entire garage was filled to the brim with products.” Video/Read more
**Eye on Retail Tipsheet will return July 16th!
Tipsheet Extra Stories
Two killed, five injured when large tree branch falls at fireworks show in Illinois
How Smart TVs Track More Than What’s on Tonight
Merkel ready to back lower EU tariffs on U.S. cars
USPS must pay Statue of Liberty replica sculptor $3.5M
Tagwalk wants to be the Google of fashion
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 email@example.com