Amazon seller blasts the company’s forced arbitration policy in congressional hearing on antitrust at CNBC. “Jacob Weiss, founder and president of home goods retailer OJ Commerce, told the House Judiciary subcommittee on antitrust that he, like many other e-commerce business owners, relies on Amazon to survive…“Amazon’s forced arbitration clauses have made it impossible to get a fair shake,” Weiss told the subcommittee.” Read more

 

GNC leadership changes: Josh Burris will assume the role of CEO and and Cam Lawrence will assume the role of CFO Press release

 

Coles, Woolworths introduce purchase limits as panic buying begins in Melbourne at News.com.au. “Coles and Woolworths have introduced purchase limits across Victoria after the announcement of a five-day lockdown sparked mass panic buying across the state.” Read more

 

These people rushed to buy homes during COVID. Now they regret it. at Fox Business. “…they were able to buy a four-bedroom house they loved in the East Bay, paying about $100,000 over the $1.89 million asking price…When they returned a few weeks later to move in, “we see all these holes in the siding,” Mr. Weiss said. On closer inspection, they found that the wood on one side of the house was “absolutely devastated,” with some 90 holes in it. It turned out that the culprits were acorn woodpeckers…the only permanent solution is to replace the home’s wooden siding with cement at a cost of roughly $150,000.” Read more

 

Poshmark launches a ‘pets’ category so you can buy Fido that ascot he needs at Fast Company. Read more

 

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My Pillow’s Mike Lindell dropped by 18 vendors at Washington Times. “Mr. Lindell said Dollar General notified him it was dropping My Pillow during a call Wednesday. He said that he told them he will refuse to do business with the company should they ever reconsider. “I will never take them back,” Mr. Lindell said. “I’m standing my ground. If they do something so idiotic and succumb to this cancel culture, [then] they don’t get to come back.” Read more

 

TreeHouse Foods Q4 net sales +3.3% Press release

 

Amazon sues New York attorney general to preempt a state COVID lawsuit at Reuters. “In a complaint in Brooklyn federal court, Amazon accused James of overstepping bounds by legally threatening the company and demanding remedies like its surrender of profit. Federal labor and safety laws preempt those of the state, from which Amazon is seeking injunctive relief, its suit said.” Read more

 

Retail sales will grow by 8.1 percent this year — the fastest pace this century — to a record $4.3 trillion, according to Customer Growth Partners at NY Post. “The retailers that will continue to drive most of the spending this year or account for 12.1 percent of the pie will be those who offer home goods, including big box stores like Target, Lowes, Walmart and Home Depot followed by sporting goods which will account for 9.8 percent of spending…CGP predicts while spending at department stores and other apparel retailers will be down 12.1 percent and 8.7 percent respectively.” Read more

 

‘It’s like Christmas on steroids every day’: high school grads open a surplus bin store at Akron Beacon Journal. “On Fridays, the bin prices at Bada Bins is $10 per item. The price tag drops to $7 on Saturdays and $5 on Sundays before reaching the rock-bottom price of $1 on Tuesdays.” Read more

 

Tipsheet Extra

Texas is the envy of the world thanks to H-E-B’s big box of zipper bags

New East Bay Costco “mega” gas station approved

Albertsons teases own brands awards, launches family packs

United Supermarkets Promotes Sidney Hopper to CEO

Amazon Fresh Opens Third Chicagoland Location

Read Tipsheet Extra Stories

 

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