Tipsheet: JCP Jill | H.Dep Innovation Seal | M.Firm Bankrupt?
Home Depot plays up innovative products with new seal by Adrianne Pasquarelli at Ad Age. “The award, given annually, highlights 10 products that create more value and convenience in the home improvement space for customers…Each item will be marked with the seal online beginning Oct. 2; in-store customers will see the label next month.” Tiered subs.
JC Penney taps former Joann Stores chief Jill Soltau as its CEO at CNBC. “Prior to working at fabric and crafts retailer Joann stores, Soltau was a chief merchandising officer at Shopko Stores. She also has worked for Sears and Kohl’s.” Read more
…Joann Stores President & CEO Jill Soltau will resign immediately Press release
…will receive a one-time cash signing bonus of $6 million…Her base salary was set at $1.4 million a year. at Wall Street Journal. Subscription
Walmart plans to acquire plus-sized fashion startup Eloquii for $100 million by Jason Del Rey at Recode. “The Eloquii brand was first created by traditional retailer The Limited in 2011 but was discontinued just 18 months later. A team of employees, with the help of an outside investor, bought the brand and relaunched it in 2014.” Read more
Mattress Firm planning bankruptcy filing as soon as this week at Reuters. “…as it seeks to exit costly store leases and shore up its business, people familiar with the matter said on Tuesday.” Read more
BEZOS SILENCES BERNIE – Bernie Sanders on Amazon: ‘I want to give credit where credit is due’ at Yahoo Finance. Read more
Gump’s bankruptcy auction will take place on October 17, 2018 at 10:00 a.m. Pacific time Press release
Amazon quietly ends its year-old Instant Pickup program that was supposed to be like a better vending machine by Dennis Green at Business Insider. “Customers could order items like snacks, drinks, and basic essentials from the Amazon app and use a barcode to access their purchase at designated Pickup locations. An Amazon employee would fill an Instant Pickup locker within minutes of the order being placed.” Read more
25 most popular stores in America (Target #7, Lowe’s #18, Kroger #24) via USA Today. List
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Parents Magazine Announces Best Children’s Books List (“Do Not Lick This Book”) Press release
How Ring got on Amazon’s radar before $1B acquisition by Taylor Soper at GeekWire. “It was working with them for a long time and building real relationships,” (Ring founder) Siminoff explained. “We realized Amazon had a very similar culture to Ring. Amazon’s core tenant is to start from the customer and work backwards.” Read more
Toys ‘R’ Us debtholders plan to bring back ‘iconic’ brand – plan to open stores in US by Lisa Fickenscher at NY Post. Read more
How to Reach Chinese Consumers? Market in Australia by Mike Cherney at Wall Street Journal. “The Chinese buyers in Australia are called “daigou,”…That role has evolved from students or tourists who sent home the occasional package to people who do it as a part-time or full-time job, reaping often hefty profit margins.” WSJ subs.
Nielsen Brandbank chosen to join Walmart’s Connected Content Partner Program Press release
Restaurants in Austin banned from throwing away food by Avery Anapol at The Hill. “Businesses can dispose of their food waste by donating extra food, giving scraps to local farms for animals, or composting…Official city data shows that 37 percent of material sent to landfills is organic.” Read more
Ex-Rite Aid exec pleads guilty in $5 million kickback scheme by Myles Snyder at ABC 27 News. “James Pilsner, a former vice president for advertising, approved inflated invoices and received a significant portion of Rite Aid’s payments to Nuvision.” Read more
Man, 81, tried to buy woman’s 8-year-old daughter for $200,000 at Walmart store at Newsweek. “The first amount was $100,000, the second amount was $150,000 and then the final amount was $200,000,” Nigh said. “I then said ‘no, we have to go.’” When the pair then tried to leave, the suspect grabbed the girl’s arm and kissed her wrist, police added.” Read more
Tipsheet Extra Stories
42% of all so-called “power gamers” are parents
DxE Occupies Amazon Chicken Supplier To Treat ‘Sick, Starving’ Birds
Walmart files WARN letter on closing return center in Bentonville
Impatient patients turn to online ‘buyers club’ for new drugs
Apple’s Wallet makes room for college student IDs
Tulsans get their first taste of full-strength beer
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