Tipsheet: Rona Not ‘Proudly Canadian’ | Amazon Locker Audit | Advance Auto +1.2%


Nike will stop selling its sneakers and apparel directly on Amazon’s website, ending a pilot program that began in 2017 at Fortune. “Nike reportedly struggled to control the Amazon marketplace. Third-party sellers whose listings were removed simply popped up under a different name. Plus, the official Nike products had fewer reviews, and therefore received worse positioning on the site.” Read more


US consumer prices up 0.4% in October; gasoline prices surge at AP. “Excluding volatile energy and food prices, so-called core consumer inflation rose just 0.2% in October. Overall consumer prices rose 1.8% over the past year, just below the Federal Reserve’s 2% target. Core prices increased 2.3%.” Read more


A look inside Starbucks’ largest-ever store in Chicago at CNBC. “The largest-ever Starbucks, housed inside Crate & Barrel’s former flagship location on Michigan Avenue, will open its doors on Friday. The Reserve Roastery’s 35,000 square feet and five floors house three coffee bars, a cocktail bar and an artisan bakery and cafe.” Read more/Pics


Rona ordered to stop saying its stores are ‘Proudly Canadian’ at Montreal Gazette. “Lowe’s “strongly disagrees” with the ruling, a spokesperson told CTV News Nov. 11. The U.S. company said it couldn’t appeal the verdict further because Ad Standards does not have such a mechanism.” Read more


Advance Auto Parts Q3 comp sales +1.2% Press release


Alibaba readies $13 billion Hong Kong listing before the end of November at CNBC. “The Chinese e-commerce giant will issue 500 million new ordinary shares plus 75 million “greenshoe” options, the source, who wished to remain anonymous because they are not authorized to speak publicly, said.” Read more


Famous Footwear Opens Newest Flagship Store in NYC Press release


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Field Agent audits 90 Amazon Hubs across 11 metro areas and 26 different companies “Altogether, 51% said they were “completely” or “very likely” to use the hub they audited to retrieve future packages, while 73% said they’d be at least “moderately likely” to do so.” Read more


Neiman Marcus Borrowed to Cover Summer Cash Burn at Wall Street Journal. “Neiman reported burning $170 million in cash and drawing down about the same amount from its revolving credit facilities during the quarter ended Aug. 3, according to a J.P. Morgan analyst report and the person familiar with the matter.” Subs.


Tim Cook to host Donald Trump at Texas Apple factory, per report at The Verge. Read more


How Wegmans and H-E-B survived Amazon’s onslaught by Nathaniel Meyersohn at CNN. “Michelle Atwood, who started an “I Heart Publix” Facebook page more than a decade ago that has grown to 116,000 followers, said she valued that Publix stores were “clean, well stocked, and filled with associates who are friendly and super helpful.” Read more


Tipsheet Extra

Kanye West to take stage at Joel Osteen’s church Sunday

How ‘VSCO Girls’ Are Killing Makeup Sales

The Average Age of a Successful Startup Founder Is 45

Highest-Paid Country Acts 2019

‘Dancing With the Stars’ ratings boosted 25% by Sean Spicer exit

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