Tipsheet: Schnucks Buys 19 | Amazon Go Line | Kroger’s Dip
Chicago’s new Amazon Go store had a line of customers out the door and down the block waiting to get in Monday during the lunch rush by Lauren Zumbach at Chicago Tribune. “…prices that struck him as relatively reasonable for the Loop…“I don’t know if people would come more than once just for the payment process, but if the quality is good, it’s convenient,” (a shopper) said.” Tiered subs.
Schnucks buying 19 Shop ‘n Save stores by Brian Feldt at St.Louis Post Dispatch. “The fate of the remaining 17 Shop ’n Save locations remains uncertain…the stores not acquired by Schnucks will remain open for now but will close “later this year” if a buyer doesn’t emerge…Schnucks is also buying the remaining prescription files of the Shop ’n Save stores not included in the deal, too.” Read more | Press release
Visa, Mastercard reach $6.2 billion settlement over card-swipe fees at Reuters. Read more
Best Buy joins $12M quest by Melinda Gates to bridge gender gap by Jackie Crosby at Star Tribune. “Best Buy is investing $600,000 as one of a dozen technology companies involved in the latest initiative by philanthropist Melinda Gates.” Tiered subs.
AutoZone Q4 domestic comp sales +2.2% Press release
Kroger’s new fashion label, Dip, is rolling out this week to 300 Kroger Marketplace and Fred Meyer stores nationwide by Alexander Coolidge at Cincinnati Enquirer. “More than 80 percent of the collection is $19 or less.” Read more
Emmys: Complete Winners List at Hollywood Reporter. Read more
Trump Saves Kids, and Target, as China Levies Exclude Baby Goods by Angus Whitley & Bruce Einhorn at Bloomberg. “The Trump administration excluded several big-ticket children’s items including playpens, car booster seats and highchairs from the final list of $200 billion of Chinese goods set for tariffs.” Tiered subs.
**A message from the Megaphone sound enhancing case: Don’t tolerate average smart phone sound – get Loud + Clear Megaphone sound! No wires or batteries, boosts sound 2X and filters the sound for a smoother “stereo” listening experience. Website/Video | Sample
The CEO of Macy’s says it’s harder for an e-commerce giant to conquer offline retail than the other way around by Shirin Ghaffary at Recode. “But: “What all retailers are figuring out is that you can’t starve your home base of brick and mortar while you’re taking care of what your needs are going to be online.” Read more
…Macy’s partnering with Facebook to bring nearly 150 e-commerce brands to The Market @ Macy’s across nine stores Press release
Amazon plans to release at least 8 new Alexa-powered devices, including a microwave, an amplifier, and an in-car gadget at CNBC. “Amazon is expected to reveal some of these devices at an event later this month, according to an internal document describing the plans.” Read more
…Amazon teams up with Audi to expand Alexa’s automotive presence by Nat Levy at GeekWire. “At an event in San Francisco, the German auto giant showed off the new $74,800 e-tron SUV, Audi’s first vehicle with Alexa built into the console display.” Read more
Instacart expands ALDI partnership by Kate Clark at TechCrunch. “As of Thanksgiving, Instacart users in 35 states and 5,000 ZIP codes will be able to fill their virtual carts with ALDI groceries.” Read more
Lemonis doubles down on long-term view for Camping World, says No. 1 asset is loyalty club at Mad Money on CNBC. “What we’re ultimately, Jim, trying to do is find the millennial, the millennial who doesn’t want to go in their father’s … motor home,” the CEO said. “They want to go in a smaller unit, a lighter unit. They want to pull it with their Prius.” Video/Read more
Ikea is now interested in self-driving cars by Katharine Schwab at Fast Company. “…has released a set of seven concepts meant to help people think about how car interiors might shift when they become autonomous. There’s a shopping car (outfitted with Ikea products, of course), as well as a grocery car, a coffee car, and a hotel car.” Read more
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