Amazon warehouse workers in Minnesota plan Prime Day strike by Josh Eidelson & Spencer Soper at Bloomberg via Yahoo Finance. “…a sign that labor unrest persists even after the company committed to paying all employees at least $15 an hour last year. Workers at a Shakopee, Minnesota, fulfillment center plan a six-hour work stoppage July 15, the first day of Prime Day.” Read more
Walmart’s e-commerce biz is reportedly racking up $1 billion in losses at CNBC. “And now the company is reportedly pressuring Lore’s team to sell off some of the digitally native brands it’s acquired in an attempt to amass more inventory and gain the expertise of younger, e-commerce leaders. Citing discussions with people familiar, Vox said Walmart has discussed in recent months selling menswear brand Bonobos and women’s clothing retailer Modcloth.” Read more
Spurred by Amazon, Supermarkets Try Swapping Cashiers for Cameras by Parmy Olson at Wall Street Journal. “Tesco’s 4,000-square-foot test store uses 150 ceiling-mounted cameras to generate a three-dimensional view of products as they are taken off shelves…Tesco is considering identifying shoppers through an app or loyalty card when they enter the store and then charging their app when they leave.” WSJ subs.
Home Depot is swooping into new territory after realizing it underestimated millennials by Aine Cane at Business Insider. “(Ted) Decker said that five summers ago, the company established an internship cohort consisting of millennials from a diverse range of backgrounds and interests…He said the interns’ feedback was largely heartening for the company, as many of the millennials had grown up with Home Depot, either through their parents or through the company’s long-running workshops for children.” Read more
7-Eleven parent wants U.S. stores to sell more fresh and fast food ‘like is common in Japan’ by Maria Halkias at Dallas Morning News. “7-Eleven’s U.S. operation reported the highest operating income in its history and posted a 3.4% comparable store sales increase in the first quarter…”In order to change public perception when it comes to buying food products at 7-Eleven, like is common in Japan, we will be strengthening store cleanliness and improving customer service.” Tiered subs.
America’s Best Employers for Women (Ulta #2, Best Buy #7, REI #21) at Forbes. List
Amazon’s fleet expansion a boost for Israel Aerospace at Reuters. “IAI, which also produces drones and satellites, has emerged since 2015 as the leader in converting Amazon’s growing fleet of Boeing 767 aircraft.” Read more
Walmart comp sales in Mexico were up 4.7% in June…For the first six months of the year, comp sales in Mexico were up 5.1%…comp sales rose 5.4% in June for the Central American business and were 3.5% higher for the first six months of the year. Financials
All Kohl’s stores are now accepting Amazon returns by Kelly Tyko at USA Today. “Earnest Research found Chicago stores in the pilot appeared to benefit significantly from the partnership with Amazon. For all of 2018, the Chicago stores posted year-over-year revenue gains totaling 8%, compared with 2% for the other Kohl’s stores, the research firm reported. The Chicago stores also saw a 9% increase in new customers compared with 1% in other Kohl’s locations.” Read more
UK competition watchdog pauses Amazon’s investment into Deliveroo food delivery service at Fox Business. Read more
Teens in Philly loot Walgreens store at ABC 6. “About 60 juveniles walked into the establishment and began removing things from the shelves, destroying property inside the store. The cashier attempted to intervene and some heavy item – I believe it was a bottle – was thrown at him, striking him in the head,” said Captain Sekou Kinebrew of the Philadelphia Police Department.” Video/Read more
Amazon asks FCC for approval of Project Kuiper broadband satellite operation by Alan Boyle & Taylor Soper at GeekWire. Read more
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