Tipsheet: Kroger Hack | Activists Get Kohl’s | Best Loyalty Programs
Kohl’s shares soar as activist investor group looks to add 9 directors to board at CNBC. “The group is hoping to drive the stock price more than two times higher than current levels, through a sale-leaseback program for $3 billion worth of real estate, and a major share repurchase program, it explained in a letter sent to Kohl’s stockholders on Monday.” Read more
…A group that includes activists Macellum Advisors GP LLC, Ancora Holdings Inc. and Legion Partners Asset Management LLC, as well as 4010 Capital LLC, controls a combined 9.5% stake in Kohl’s and earlier this year nominated nine people to its now-12-person board, the people said…The group’s slate of nominees include Macellum Chief Executive Officer Jonathan Duskin and former Burlington Stores Inc. CEO Thomas Kingsbury.” WSJ subs.
Kroger warns pharmacy customers’ personal data may have been stolen in hack at AP/ABC. “Kroger Co. says personal data, including Social Security numbers of some of its pharmacy and clinic customers, may have been stolen in the hack of a third-party vendor’s file-transfer service…it believes less than 1% of its customers were affected — specifically some using its Health and Money Services — as well as some current and former employees because a number of personnel records were apparently viewed.” Read more
Alexa-enabled printer, Amazon’s first product from Kickstarter-like program Build It, hits preorder goal at GeekWire. “The other two products, Smart Nutrition Scale ($35) and Smart Cuckoo Clock ($80), are at 42% and 37% of their goals, respectively. Unlike Kickstarter and Indiegogo, which display a total dollar amount or total number of preorders as their goals, Build It campaigns only show a percentage progress bar.” Read more
U.S. Hiring Alliances Help Tens of Thousands Find Jobs by Wall Street Journal. “Albertsons says it has recruited at least 1,400 staffers from 23 corporate partners, including Hilton, MGM Resorts International, Regal Cinemas and Inspire Brands Inc…Walgreens estimates roughly 6,200 employees arrived from 50-plus partners, including retailer Kohl’s Corp., Hilton, Gap and the Chicago Cubs. Walgreens plans to keep hiring this way for the indefinite future “because it has been so successful,’’ says Chief Human Resources Officer Hillary Leisten.” WSJ subs.
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America’s Best Loyalty Programs 2021 at Newsweek. “Supermarkets: H-E-B #1 / Club stores: Costco #1 / Pharmacies: Giant Eagle #1.” Full list
Canadian Tire is closing its 18 National Sports stores at Global News. “Canadian Tire Corp. Ltd. says it’s closing all National Sports stores to reduce overlap in the company’s sporting goods assortment after an internal evaluation.” Read more
Shops, haircuts return in April as UK lifts lockdown slowly at AP. “…those longing for a haircut, a restaurant meal or a pint in a pub have almost two months to wait, and people won’t be able to hug loved ones that they don’t live with until May at the earliest.” Read more
Stacey Abrams joins push for historic union vote at Amazon’s Alabama facility at AJC. “The Georgia Democrat posted an online video Saturday urging the employees at the online retailing giant’s Bessemer, Ala. facility to form a union to “make your jobs safer, stronger and more secure.” Read more
Parents found 5,000 fentanyl pills inside stuffed toy purchased from thrift store at The Hill. “In a tweet, the Phoenix Police Department warned its followers to “inspect all opened and used items” and said that over 5,000 pills had been discovered in the green, apparently unbranded “glow worm” toy purchased by the family.” Read more
German brewers forced to throw away beer, seek state aid like pubs
Outdoor NHL game turns into a nightmare for players
LVMH’s Moet Hennessy buys in to rap star Jay-Z’s champagne brand
Apple reclaims global smartphone lead ahead of Samsung for first time since 2016
Toast Inc. planning IPO that could value company at $20M
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