Fresh off IPO, Blue Apron CEO says Amazon’s grocery focus is ‘good for us and good for others’ by Monica Nickelsburg at GeekWire. “There have been tons of players trying to bring online grocery penetration up historically that haven’t been successful because quality is so important,” Salzberg told CNBC…Unlike Amazon, Blue Apron owns and operates its own farm and gets exclusive deals on about 70 percent of food from suppliers.” Read more

 

Retail stands to lose $70 billion over 10 years if food stamp benefits are slashed, and here’s who gets hit the most by Courtney Reagan at CNBC. “…the retail consultancy estimates Walmart would take a $12.7 billion hit to U.S. sales over the next decade. Target sees the second-largest food stamp redemption in the superstore and supercenter category, with an estimated $4.8 billion to $5.3 billion sales drag. Low-priced grocery store chain Aldi would see the third-largest impact, estimated to fall between $4.4 billion and $4.9 billion.” Read more

 

Nike tops Wall Street expectations; confirms deal with Amazon by Lauren Thomas at CNBC. “Earnings per share: 60 cents adjusted vs. a forecast of 50 cents, according to a Thomson Reuters consensus estimate. Revenue: $8.68 billion vs. an $8.63 billion estimate, analysts said.” Read more

 

People Magazine and Bed Bath & Beyond search for new pet products and accessories by Kelli Bender at People. “All you need to do is submit your pet product idea on Edison Nation. Great ideas at any stage are welcomed and encouraged: this means prototypes, sketches, market-ready goods and written descriptions are all suitable.” Read more

 

Deutsche Bank: Prices at Lidl’s stores during its opening week were running between 5.7% to 10% cheaper than neighboring Wal-Mart Stores, nearly 15% lower than Kroger stores but nearly at parity with Aldi by Jon Springer at Supermarket News. Read more

 

From Aldi to Zara, Western stores beef up safety for Bangladesh workers at Reuters. “Cut-price fashion giant Primark, H&M, Lidl and umbrella brand Inditex, which owns Zara and Massimo Dutti, are among the 13 retailers that extended a raft of existing standards and agreed on new terms.” Read more

 

How do Amazon employees view The Spheres? See the winning shots from company photo contest by Kurt Schlosser at GeekWire. Pics/Read more

 

Best Buy academy preparing students for the jobs of tomorrow by KARE 11 NBC “Minneapolis is one of nearly 40 cities that will offer a free two-day camp for kids between the ages of 10 and 18 to learn about coding and music engineering.” Video/Read more | Camp link

 

**A message from the Las Vegas Souvenir & Resort Gift Show – get ready for the nation’s largest souvenir show! We bring together 1,300+ booths filled with the latest introductions from every major souvenir and resort supplier, plus countless new resources. The show welcomes even more made in America products, a new Boardwalk section and a special spotlight on Gourmet gifts. Look for new events and educational offerings, too . September 13-16, 2017. Register Now | Exhibitor List

 

15 Pet-Friendly Companies That Let You Take Your Dog to Work (Amazon, Etsy) via Fortune. List

 

Chinese ready to tuck into U.S. beef imports after 14-year wait at Reuters. “I am a frequent buyer of steak so I can tell the quality by its color and marbling,” said one woman on Thursday at a Beijing Walmart store. She selected a 211 yuan ($31.13) pack of newly arrived U.S. steak over her usual choice from Australia.” Read more

 

1,200 teens and young adults started a 10-week paid internship with Gap this month Press release

 

Schnucks and Instacart Expand Same-Day Grocery Delivery to Most Stores Press release

 

‘Spider-Man:’ A $175 Million Commercial for Disney Toys by Ben Fritz at Wall Street Journal. “Sony will keep all of the profits “Homecoming” generates following its release on July 7. Disney controls all merchandise rights to the character and is betting that a hit movie will result in millions more Spider-Man toys and bed sheets flying off shelves.” Read more (subs.)

 

The latest victim in the retail apocalypse? Outlet malls by Lisa Fickenscher at NY Post. “Tanger Factory Outlet Centers, which owns 43 centers in 22 states and is the largest publicly traded pure-play outlet operator in the US, is throwing off some warning signs, experts tell The Post.” Read more

 

Dramatic moment pregnant woman ran down a fleeing man ‘who stole purse from her car’ in Walmart parking lot at Daily Mail. “After she started chasing the man on foot, she quickly realized being five months pregnant she could not keep up the pace, so she got in her car and ran him over in footage captured on camera.” Video/Read more

 

Eye on Retail Tipsheet will return on July 6th!

 

Tipsheet Extra Stories

Cross-dressing man keeps tying pantyhose to cars in Home Depot parking lot

Mother of Kroger security guard accused of shooting man speaks out

Aldi helps 400 Kenyan farmers through Farm Africa

AMC wants to charge you an extra $5/month to watch its shows without commercials

We’ll consume more than 580 billion water bottles by 2021

RadioShack Creditors’ Lawsuit Says Sprint Killed 6,000 Jobs

Read Tipsheet Extra Stories

 

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