Tipsheet: Speedway For Sale | At Home -46.5% | Amazon Adjusts Seattle Route
Amazon adjusts delivery routes in Seattle protest area as some customers can’t get orders delivered at GeekWire. “Reddit user nerevisigoth said “I know I wouldn’t want to drive an Amazon-branded van into a ‘cop-free’ area inhabited by volatile people who really hate Amazon.” Read more
At Home Group Q1 comp sales -46.5% Press release
Marathon Petroleum in Talks With Potential Buyers of Speedway Gas-Station Unit at Wall Street Journal. “Possible buyers include Canada’s Alimentation Couche-Tard, people familiar with the matter said. It couldn’t be determined how much the business might fetch, but Marathon indicated last fall that it could be worth between $15 billion and $18 billion. Any deal is likely weeks away, and Marathon might opt to stick with a plan to spin off the unit instead.” WSJ subs.
There’s a one-in-three chance of a ‘massive’ disaster that could be worse than COVID-19, says Deutsche Bank at MarketWatch. “The solar flare possibility is one rarely discussed, perhaps because the last severe one was in 1859, but the Deutsche Bank team finds that to be more likely than a major global war. “There could be major power outages as electrical power grids are disrupted…” Read more
Kohl’s says its tie-up with Amazon ‘underscores’ importance of having stores at CNBC. “It has opened our eyes … that there are other roles a Kohl’s store can play to the American consumer,” Kohl’s chief technology officer Paul Gaffney told CNBC’s Deirdre Bosa Thursday afternoon during a virtual CNBC @Work Spotlight event.” Read more
Walmart’s Black Executives Lost Ground Since Five Years Ago at Bloomberg. “The share of senior Black executives at the world’s largest retailer has declined since 2015, while the share of Black mid-level managers has stagnated, the report shows…Many of Walmart’s rivals, like Target Corp., are also struggling to create a more diverse workforce. And Walmart’s leadership ranks are more diverse than the overall retail industry…” Read more
**A message from Real Coconut Water: 100% pure coconut water. Ask about our organic private label Tetra Pak. Sell sheet | Website | Samples: info@eyeonretail.net
Albertsons sets IPO terms – seeking to sell 65.8 million shares in a range between $18 and $20 a share at MarketWatch. Read more | WSJ subs.
Global Pandemic “Wasn’t in the Plan,” Says Casey’s CEO After First Year at Helm at Convenience Store News. Read more
Tractor Supply names Melissa Kersey EVP, Chief Human Resources Officer “Melissa Kersey most recently served as the Senior Vice President and Chief People Officer for McDonald’s USA…Before joining McDonald’s in 2017, Kersey held a number of executive-level roles with Walmart from 2008 to 2017…” Press release
RIS: Influentials: Top Movers and Shakers in Retail 2020 List
Alibaba and JD.com handle a record $136.51 billion in sales during major Chinese shopping event at CNBC. “Known as 618 because it falls on June 18, the festival was being closely watched for signs about the health of the consumer in China.” Read more
Amazon joins Valentino in Rockstud counterfeit case, putting the legal shoe on the other foot at GeekWire. Read more
Kroger Q1 2020 Earnings Call Transcript at Seeking Alpha. Transcript
California officials on Thursday mandated mask-wearing in public with few exceptions at NBC News. “Exceptions include dining, drinking or participating in outdoor athletic activity that can be done with a distance between people of 6 feet. The mandate includes medical exemptions. The requirement was already in place in the state’s two largest counties, Los Angeles and San Diego.” Read more
Walmart Faces Pension-Fund Suits Over Internal Opioid Files at Bloomberg/Yahoo. “Walmart and several U.S. pharmacy chains face a November trial before a federal jury in Cleveland in which states and municipalities will seek billions in damages for the companies’ alleged failure to recognize “red flags” about heavily repeated sales of the painkillers.” Read more
Tipsheet Extra
The ‘eBay’ for discounted lost luggage just opened
BetRivers becomes first legal online sportsbook in Illinois
Florida Keys now requiring face masks until June 2021
NBA players to wear “smart” ring to help monitor coronavirus
Time is money: the armchair stock traders of lockdown
**
Eye on Retail Tipsheet is must-read material for retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.
Subscribe to Eye on Retail Tipsheet here
Contact us: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to info@eyeonretail.net
Website: eyeonretail.net