Tipsheet: Party City -17.1% | On Hold Forever | DoorDash Nears Deal


New coronavirus spread isn’t the feared ‘second wave’–it’s still the first, researchers say at CNBC. “To be defined as a second wave the virus would need to retreat and reappear, or a new variant would have to emerge, said Ian Lipkin, a professor of epidemiology and director of the Center for Infection and Immunity at Columbia University. “The recent increase in cases does not reflect either.” Read more


Party City Q1 brand comp sales -17.1% “During the remainder of 2020, the Company plans to close approximately 21 stores, open 2 new stores, with the remaining 10 planned new store openings likely to shift into 2021.” Press release


EPA tells Amazon and eBay to stop selling fake coronavirus-killing products at The Verge. “The order applies to some products the EPA has already declared illegal, like a supposed disinfectant called “Virus Shut Out,” as well as chemicals like methylene chloride, which is hazardous and partially banned in the US.” Read more


CVS and Walgreens join Walmart in keeping multicultural beauty products out of locked cabinets at Reuters. “(CVS) said it had expanded its selection of products in its textured hair and color cosmetics categories by 35% over the past year to add new brands that appeal to communities of color.” Read more


Liquidation sales could begin as soon as this weekend at the initial 154 J.C. Penney stores that will permanently close at USA Today. Store list/Read more


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DoorDash Nears Deal to Secure Funding From T. Rowe Price, Fidelity, Others at Wall Street Journal. “DoorDash Inc. is close to securing new funding that would value the largest U.S. meal-delivery company at more than $15 billion before the infusion, as a wave of deal making sweeps over the red-hot industry.” WSJ subs.


Starbucks changes policy to allow Black Lives Matter T-shirts at Fox Business. Read more


Patagonia CEO Rose Marcario Will Exit at Footwear News. “The president and CEO will depart on Friday. The move — announced late today — was a surprise. Just a few weeks ago, the executive appeared on LinkedIn to talk about how the company was reimagining its future.” Read more


Sephora is the first brand to join 15 percent pledge – dedicating 15 percent of their shelf space to Black businesses at Elle. Read more


Shoppers Wait and Wait to Reach Lululemon, Best Buy at Wall Street Journal. “…when he last called (Best Buy), the recorded line said there was a 115-minute wait and offered that he leave a number to get a call back. That call never came, he said, and Best Buy hasn’t answered his emails or tweets, which he said usually get a reaction from companies because he has some 40,000 Twitter followers. “It’s like the company doesn’t exist,” he said. “And they just have a website up and nothing underneath.” WSJ subs.


Two more Miami-Dade residents contract West Nile virus at Miami Herald. Read more


Dick’s Sporting Goods will resume paying shareholders a quarterly dividend, citing strong early sales at its stores that have reopened at Reuters. Read more


Tipsheet Extra

These are the organizations that have publicly committed to observing Juneteenth

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Dollar General expands fresh produce offerings

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Read Tipsheet Extra Stories



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