Tipsheet: Prime Day Oct 13? | Shopify ‘Rogue’ Employees | Amazon Denies Ads
Walmart Took Its Eye Off Black Managers While Women Advanced at Bloomberg. “Walmart Inc. isn’t the only retailer with a poor track record on race: At Target Corp., its cheap-chic rival, only three of the top 54 executives are Black. Costco had no Black senior executives as of 2018, according to the most recent data available, and the leadership team at electronics retailer Best Buy Co. is also dominated by White faces.” Tiered subs.
Amazon Prime Day will begin October 13th, multiple sources say Amazon Prime Day will begin October 13th, multiple sources say at The Verge. “An internal Amazon email seen by The Verge confirms that its Prime Day shopping event will take place October 13th and 14th, and that the company will make an official announcement September 27th.” Read more
Walmart promises ‘all-new Black Friday experience’ at USA Today. “Walmart is “promising an all-new Black Friday experience” and says it “will spread traditional Black Friday savings throughout the season” with more deals available online. While Walmart says the savings will start earlier than ever, the full details on its Black Friday experience weren’t unveiled Wednesday.” Read more
Nike online sales jump 82%, retailer sees rebound in China at CNBC. “…net income climbed to $1.52 billion, or 95 cents per share…far better than the 47 cents per share analysts were expecting…revenue slipped 0.6% to $10.59 billion from $10.66 billion a year earlier, but topped the $9.15 billion forecast by analysts.” Read more
Preorders for the new Xbox crash Amazon, Walmart, Microsoft sites at NY Post. Read more
Walmart Piloting Drone Delivery of COVID-19 At-Home Self-Collection Kits “Walmart has partnered with Quest Diagnostics and DroneUp, a nationwide drone services provider, to launch trial deliveries of collection kits in North Las Vegas today and Cheektowaga, New York, in early October.” Read more
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Bezos’ Blue Origin to set record with launch testing NASA moon mission hardware at CNET. Read more
GameStop shares soar as investor hatches plan to challenge Amazon at NY Post. Read more
Shopify says ‘rogue’ employees stole data from merchants in breach at Financial Post. “Rogue members” of Shopify’s support team were involved in a scheme to obtain customer transactional records from some of the merchants, the company said in a blog post that noted fewer than 200 sellers were affected.” Read more
Jeff Bezos Announces The First Bezos Academy, A Free Preschool For Students From Low-Income Families at Forbes. Read more
Stitch Fix shares plummet after personal styling service swings to a loss at CNBC. “Stitch Fix reported a fourth-quarter loss of $44.5 million, or 44 cents per share, compared with earnings of $7.2 million, or 7 cents per share, a year ago…The company’s active clients grew to 3.5 million, up 9% year over year.” Read more
Saks Fifth Avenue offering 2020 voter registration at Fox Business. Read more
Amazon reportedly prevents some device rivals from advertising competing products at CNBC. “Among the findings were that device makers including Roku can’t purchase sponsored ads in search results for Amazon’s Fire TV, or for Roku’s streaming devices, the Journal found.” Read more
Tipsheet Extra
2020 Working Mother 100 Best Companies
Amazon stops sale of so-called ‘Prime Bike’, calls out fitness company
Mark Cuban, Gwyneth Paltrow, others invest in tree-free TP
DoorDash among LinkedIn’s top U.S. startups
Barriers erected around Louisville Kroger awaiting Breonna Taylor verdict
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