Rite Aid warned of risk of delisting from NYSE as shares fall below $1 at CNBC. “Shares of the drugstore chain have fallen 64 percent over the past year, down to 75 cents a share as of Thursday’s close from $2.11 on Jan. 3, 2018.” Read more
Hudson’s Bay Co. closer to going private by Lisa Fickenscher at NY Post. “Ontario Teachers’ Pension Plan is cashing out its position, selling its 18 million shares to the company’s executive chairman, Richard Baker.” Read more
Apple’s slowdown in China could mean bad news for Best Buy at CNBC. “UBS has estimated that roughly 15 to 20 percent of Best Buy’s total sales are of Apple products, which tend to sell at higher price points than other merchandise in Best Buy stores.” Read more
US employers added a stellar 312,000 jobs in December at AP. “Health care and education services added 82,000 jobs in December, the biggest jump since February 2012. Restaurants and drinking placed posted a net gain of 40,700 jobs. Builders added 38,000 construction jobs, while manufacturers increased their payrolls by 32,000 workers.” Read more
Whole Foods launches digital catalog organized by dietary preference by Tonya Garcia at MarketWatch. Read more
Startups Can Lead Kids to Water But It’s Harder to Make Them Drink by Matthew Boyle at Bloomberg. “It’s the Bermuda Triangle of beverages,” says Gerry Khermouch, founder of Beverage Business Insights, an industry publication. “They’ve tried every permutation of recipe — unsweetened, juice-sweetened, naturally sweetened — and almost all inevitably fail.” Tiered subs.
Health insurer Molina Healthcare has extended its agreement with CVS Health’s PBM through 2021 by Bruce Japsen at Forbes. Read more
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Clothing Retailer FullBeauty To Restructure In Ch. 11 Press release
GameStop Struggles to Boost Sales by Patrick Thomas at Wall Street Journal. “GameStop has become irrelevant in the video game market,” said Mike Hickey, an analyst at BenchMark, in a research note. Not everyone considers a sale to be the best outcome. GameStop could become more active in esports—competitive videogame contests—and hold tournaments at its most popular locations, said Colin Sebastian, an analyst at Baird.” WSJ subs.
Hemp entrepreneurs say big retailers unfairly dominate online ads by Alexis Keenan at Yahoo Finance. “Sherman…wants to know why big box retailers are allowed to run paid ads for hemp products while his ads are shot down…“They’re allowing them to advertise a few hemp products here and there,” Sherman said. “Versus us, we couldn’t promote those exact same items.” Read more
26% of First-Time Home Buyers Are Turning to the Bank of Mom and Dad – Up From 22% in 2011 by Ben Eisen at Wall Street Journal. WSJ subs.
Apple’s App store pulled in $1.22B over the holidays plus a record $322M on New Year’s by Sarah Perez at TechCrunch. Read more
Amazon settles bias claims with transgender employee, husband at Reuters. Read more
Ex-Toys ‘R’ Us staffers start receiving checks from hardship fund by Lisa Fickenscher at NY Post. “MJ Williams, a former Toys ‘R’ Us employee in Texas, received a $4,000 check this week for her two decades of service to the retailer.” Read more
The distance at which flu may spread from one person to another is 3 to 6 feet by Jo Craven McGinty at Wall Street Journal. WSJ subs.
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