Tipsheet: Sam’s New Tech | Kohl’s CTO to Nike | Bezos Onstage Protester
Walmart is going to start delivering groceries inside shoppers’ homes at CNBC. “It will first test this option in three cities: Kansas City, Missouri, Pittsburgh and Vero Beach, Florida. It said it will “learn and scale” in-home delivery from there.” Read more
U.S. adds 75,000 jobs in May – slows sharply; wage gains moderate at Reuters. Read more
Jeff Bezos explains Amazon’s bet on Project Kuiper satellites — and copes with an onstage protest by Alan Boyle at GeekWire. “The protester got within a few yards of where the world’s richest individual was sitting, but in less than 30 seconds, security team members grabbed her and pulled her offstage. Bezos then turned to (moderator) Freshwater and quipped, “Do you have a response to that?” “I wasn’t quite prepped for that,” Freshwater confessed.” Read more
Sam’s Club to unveil new technology plays this week by Kim Souza at Talk Business. “(John Furner) said a formal announcement will be made at the shareholders’ celebration on Friday…An app called Ask Sam and others such as shopping lists and Scan & Go for beer and wine are some of the more promising technologies gleaned from the cashier-less club in Dallas.” Read more
Postmates hires Apple veteran and author Ken Kocienda as a principal software engineer at TechCrunch. Read more
How Amazon’s In-House Brand Biz Measures Up to Rivals by Adrienne Pasquarelli at Ad Age. “Earlier this week, speaking at Amazon’s re:MARS conference in Las Vegas, the company’s retail chief Jeff Wilke said that in-house brand products represent roughly 1 percent of Amazon’s sales—or around $2.3 billion, according to Bloomberg News.” Tiered subs.
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Cato May comp sales +1.0% Press release
North Michigan Avenue tries to bring back the ‘Magnificent’ amid retail upheaval by Ryan Ori at Chicago Tribune. “The coming of the Starbucks Roastery is very exciting, some retailers are going back on the offensive, and some digitally native companies are seeking first or second spaces” on the avenue, (the real estate investment trust) said. “Up until late last year, it was very quiet” at the Disney building, Conlon said. “Going from zero calls to four or five options is very exciting to us.” Tiered subs.
The Buckle May comp sales -0.8% Press release
Walmart adds more than 120 electric vehicle charging stations to US stores at Fox Business. “…opened more than 120 ultra-fast electric vehicle charging stations at Walmart locations in 34 states. Walmart partnered with Electrify America to add the charging stations, which are mainly located on major interstates and highways to provide drivers easy access to them.” Read more
Ex-Kohl’s Exec Named Nike’s New Global Chief Digital Information Officer Press release
Elliott Management to acquire Barnes & Noble for $683 million at CNBC. “For its part, Elliott, the firm founded and led by billionaire Paul Singer, acquired Britain’s biggest bookseller, Waterstones, last year. Owning the two book retailing giants could give Elliott synergies and buying leverage with publishers, people familiar with the industry say.” Read more
Gap says it will derive 100% of its cotton from more sustainable sources by 2025 Press release
Kay Jewelers fires store manager who barred deputy from getting his engagement ring because the uniformed officer had a gun in his holster by Joe Marusak at Charlotte Observer. “We are reinforcing store training regarding all of our Customer First policies, as well as specific policies related to law enforcement, in all of our stores,” the company posted.” Tiered subs.
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