Tipsheet: Kohl’s +100 EV Stations | US Econ. +6.4% | Amazon Pay Bump
US economy accelerated at a robust 6.4% rate last quarter at AP News. “Thursday’s GDP report showed that consumer spending, which accounts for more than two-thirds of the economy, surged at a 10.7% annual rate in the January-March quarter, a significant acceleration after spending had slowed to a 2.3% annual gain in the final three months of last year. Business investment rose at a strong annual rate of nearly 10%, reflecting a burst of spending on equipment.” Read more
Pending home sales rose less than expected in March as prices soared at CNBC. “Pending home sales, a measure of signed contracts on existing homes, rose 1.9% in March compared with April, according to the National Association of Realtors. Forecasters had expected a 5% gain.” Read more
Amazon to spend $1B to boost pay for 500k operations workers by as much as $3 an hour at GeekWire. “Darcie Henry, Amazon’s VP of People eXperience and Technology, Worldwide Consumer, posted on the company’s website that the annual pay review for Customer Fulfillment, Delivery, Package Sortation, and Specialty Fulfillment teams was being moved up from fall to mid-May through early June. Amazon currently offers workers in these positions a starting wage of at least $15 an hour…” Read more
USA Today 10 Best 2021: Best Supermarket in USA
- The Fresh Market
- Hy-Vee
- Lidl
- Market Basket
- ALDI
- Stew Leonard’s
- Publix
- Sprouts Farmers Market
- Wegmans Food Markets
- Trader Joe’s
Judge won’t dismiss Amazon’s claim that Trump interfered with $10B cloud contract at GeekWire. Read more
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U.S. FDA proposes ban on menthol cigarettes at Reuters. “The ban is likely to take years to implement amid possible legal challenges from the tobacco industry, which has repeatedly went up against the FDA to try and block anti-tobacco regulation.” Read more
Tapestry, Inc. appoints Scott Roe CFO & Head of Strategy “Mr. Roe joins from VF Corporation, where he…served as CFO since April 2015.” Press release
A fired Amazon worker is trying to unionize four NYC-area facilities at The Verge. “The company has responded by posting anti-union messages on TV screens at JFK8, the fulfillment center where Smalls used to work. “KNOW THE FACTS BEFORE YOU SIGN A UNION CARD,” reads one of the messages obtained by Motherboard. “If someone asks you to provide your personal information or sign a union card, do not release your personal information without knowing all the facts.” Read more
Kohl’s will bring 100 EV charging stations to 50 additional Kohl’s stores this year “With this expansion, Kohl’s customers will have access to 275 charging stations at more than 150 Kohl’s locations across 22 states.” Press release
People is working with CVS Health and Walmart to help consumers find convenient places to get immunized against COVID-19 at MediaPost. Read more
Tipsheet Extra
7-Eleven’s $70M branding campaign highlights ‘attitude’
BJ’s moving to a downsized corporate headquarters
Surging U.S. crop prices reverse fortunes in rural Iowa
More than 25% of all Starbucks orders in the U.S. are now paid for with a smartphone
Krebs: Task force seeks to disrupt ransomware payments
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