Tipsheet: SoCal Cargo Choked | Chubb Beats Target | Justo +$65M


TikTok sale to Oracle, Walmart is shelved as Biden reviews security at Fox Business. “Discussions have continued between representatives of ByteDance and U.S. national security officials, the people said. Those discussions have centered on data security and ways to prevent the information TikTok collects on American users from being accessed by the Chinese government, they said.” Read more


America’s Best Mid-Sized Employers (Build-A-Bear #4, True Value #73) 2021 at Forbes. Read more


U.S. consumer prices increase steadily in January at Reuters. “The Labor Department said on Wednesday its consumer price index increased 0.3% last month after climbing a revised 0.2% in December. In the 12 months through January the CPI rose 1.4% after gaining a revised 1.3% December. Economists polled by Reuters had forecast the CPI rising 0.3% and increasing 1.5% year-on-year.” Read more


About 60% of nursing home staff declined Covid vaccines, Walgreens exec says at CNBC. Read more


Target’s Paying Frontline Team Members to Get the COVID-19 Vaccine at A Bullseye View. “…providing up to four hours of pay (two hours for each vaccine dose) to our hourly team members when they get their vaccines. We’ll also provide all U.S. team members with free Lyft rides (up to $15 each way)…” Read more


Shipping Companies Look at Sailing Away From Choked Southern California Gateways at Wall Street Journal. “The backups have tied up inventories for weeks in some cases as ships wait to reach berths while cargo that has been offloaded sits for long periods at packed freight terminals, where operations have slowed as dockworkers have coped with an outbreak of coronavirus cases.” WSJ subs.


Jüsto, an online supermarket based in Mexico City, announced Tuesday it has raised $65 million in a Series A round at TechCrunch. Read more


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Seafood rides the wave of sales increases during the pandemic at Fox Business. “In just the past year, frozen seafood sales overall saw a 25% uptick compared to 2019, according to market research firm IRI. During the holiday season of 2020, seafood sales at U.S. supermarkets and other food retailers jumped 26% from a year prior, following a year of robust sales compared with grocery store sales as a whole.” Read more


Walmart and Sam’s Club pharmacies will begin administering COVID-19 vaccines through the U.S. Federal Retail Pharmacy Program on Feb. 12, 2021 Press release


Adults are acting like children and ruining the Pokémon 25th anniversary McDonald’s Happy Meal promotion at Fast Company. Read more


Louis Vuitton Cartoon Characters Touch Down at Beverly Hills Pop-Up Store at Hollywood Reporter. “Atop the building, located at 468 North Rodeo Drive, sits an inflatable dragon character in a green shirt, while windows are covered in vinyl red, black and white graphics, including huge QR codes. Fans of LV can scan the codes to enable a Snapchat filter that brings the cartoon characters to life as people enter the building.” Read more


Heineken to cut 8,000 jobs – nearly 10% of its global workforce at Fox Business. Read more


Target loses coverage bid in fight with Chubb over data breach settlements at Westlaw. “A Minnesota federal judge sided with an insurer in a dispute with Target Corp related to settlements over its 2013 data breach, finding the retail company didn’t meet the burden for showing coverage under its insurance policies.” Read more


LVMH, Rihanna close Fenty luxury fashion line at Reuters. Read more


Dick’s Sporting Goods Announces Grand Opening of Five Stores in Five States in February Press release


Tipsheet Extra

Ex-Amazon board member reviews the new book, ‘Working Backwards’

3D audio could be the next big podcast trend

EPA again orders Amazon to stop selling illegal pesticides

Q&A with HMart’s Vince Colatriano

Former Dollar General CEO’s mansion on the market for $12.9M

Kroger’s Simple Truth is adding a line of beauty products

Read Tipsheet Extra Stories



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