J.C. Penney to employ 1,000 at new tech center in India by Korri Kezar at Dallas Business Journal. “According to the Times of India, the Plano-based retailer expects to hire 450 people for the center by the end of the year. Staff will include engineers to manage internal information technology systems and develop digital, e-commerce and analytics solutions.” Read more

 

MasterCard-Visa Settlement With Retailers Is Overturned by Rachel Abrams at NY Times. “The National Retail Federation, a trade group representing some of the country’s largest retailers, said it welcomed the ruling. “This ‘settlement’ was never a settlement on behalf of the retail industry but rather a back-room deal that failed to represent the interests of retailers,” said Mallory Duncan.” Read more

 

…Retail Industry Leaders Assoc Applauds Circuit Court Decision Rejecting Visa/MasterCard Settlement Read the release

 

Time: 71 Celebrities Share Their Favorite Things About America (Roz Brewer picks Crystal Bridges Museum of American Art in Bentonville, Ark) See the list

 

Former Target real estate chief John Griffith joins American Refugee Committee by Jim Hammerand at Minneapolis/St.Paul Business Journal. “The Minneapolis-based nonprofit said he’ll manage more than 1,600 American Refugee Committee employees in 11 countries.” Read more

 

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Amazon biospheres: What will happen inside those giant glass orbs by Nat Levy at GeekWire. See the recent pics / Read more

 

…You have to see Apple’s spaceship-like campus — it has a 100,000-square-foot gym by Sally French at MarketWatch. “The drone footage was shot by Matthew Roberts, who has been documenting the construction site with a new video every month…” See the recent pics / Read more

 

Dick’s Sporting Goods wins Sports Authority’s brand name by Alicia Wallace at Denver Post. “Dick’s disclosed it was the successful bidder for some of Sports Authority’s intellectual property assets as well as 31 store leases…Dick’s bid $15 million for the intellectual property and $8 million plus cure costs for the rights to acquire the leases, company officials wrote Thursday in a U.S. Securities and Exchange Commission filing.” Read more

 

What a Rubik’s Cube taught Tim Belk about leadership by Katherine Peralta at Charlotte Observer. “Belk set an audacious goal for his team of associates of selling one Rubik’s Cube to each customer. He believed it could be done. Belk says his team was pretty close to hitting its goal when one employee stepped into his office, imploring him, “You have to stop this.” Read more

 

P&G Overhauls Bonus System for Managers by Sharon Terlep at WSJ. “Starting Friday, annual bonuses for thousands of senior managers will be tied more directly to the performance of each leader’s specific business unit instead of being based on the company’s broader, regional operations. “We are trying to get a clearer line of sight between an individual’s responsibilities and their results and their compensation,” Chief Financial Officer Jon Moeller said this week in an interview.” Read more (subscription)

 

Walton heirs dispose of $39 million of Wal-Mart stock, remain the richest U.S. family by Kim Souza at The City Wire. “The Walton Family Holdings Trust was left with a share balance of 173,113,205 shares after the sale. The value of the shares held by Walton Family Holdings Trust is $12.544 billion as of Wednesday (June 29).” Read more

 

Tipsheet Extra Stories

Amazon committed to U.K. data center opening despite Brexit

Americans are drinking so much Corona it has left region surrounding Mexican brewery with drought

A rare one-on-one interview with Nike’s Phil Knight

Wegmans a target of another online scam

Hershey board unanimously rejects preliminary offer from Mondelez

Read Tipsheet Extra Stories

 

 

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