Amazon Picks New York City, Northern Virginia for Its HQ2 Locations at CNBC. “The report said Amazon is dividing the headquarters evenly between New York’s Long Island City neighborhood in the borough of Queens, and the Crystal City section of Arlington County, across the Potomac from Washington. According to Reuters, Amazon will also be announcing a significant investment in one additional city.” Read more
…Reuters: Nashville will be home to Amazon’s new East Coast hub of operations, adding 5,000 new corporate jobs Read more
Home Depot Q3 Comp Sales +4.8% / US +5.4% Press release
…The Street: Home Depot Tops Q3 Earnings Estimate on Solid US Comps, Boosts Full-Year Outlook “…earnings for the three months ending in September came in at $2.51 per share, topping the $2.26 estimate and rising 36.4% from the same period last year.” Read more
Walmart Indian venture Flipkart loses CEO after misconduct probe at Reuters. “While the investigation did not find evidence to corroborate the complainant’s assertions against Binny, it did reveal other lapses in judgment, particularly a lack of transparency, related to how Binny responded to the situation,” the company said.” Read more
Petco will no longer sell cat and dog food filled with artificial ingredients by Dee-Ann Durbin at AP. “(Petco CEO) Coughlin said food with those ingredients will start coming off the shelves in January…Food with artificial ingredients that isn’t sold by May will be donated to animal shelters. Eventually the store plans to expand its ban on artificial ingredients to foods it sells for other animals, he said.” Read more
The decision to close two Target stores on Chicago’s South Side is shaping up to be a big issue in the mayor’s race—or as Gery Chico said Monday, “It’s the issue.” at Politico. “Also at issue (and it’s big): charging shoplifters with misdemeanors instead of felonies. That began two years ago when Cook County State’s Attorney Kim Foxx ordered prosecutors to lower charge for shoplifters unless the value of the stolen goods exceeds $1,000 or the alleged shoplifter has 10 prior felony convictions. Retailers say they’re feeling the effects of that decision as shoplifting is on the rise.” Read more
Macy’s Radical Plan to Save Itself: Shrink by Suzanne Kapner at Wall Street Journal. “If your store is too big and your dollars per square feet are too low and you can’t lease the space to someone else, then you’ve got to hive off a floor,” Macy’s chief executive Jeff Gennette said in an interview…The smaller-store footprint, an experiment now under way at four locations…” WSJ subs.
Walmart to give hiring preferences to military spouses by Kim Souza at Talk Business. Read more
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Amazon closes Sacramento center due to Camp Fire smoke by Michael McGough at Sacramento Bee. “Lynch said it was not immediately clear if local deliveries would be delayed, or if other California fulfillment centers may be affected by the ongoing closure.” Read more
1 million Americans live in RVs. Meet the ‘modern nomads.’ by Heather Long at The Washington Post via SF Gate. “The Meinhofers are doing this by choice, not financial desperation. They are part of a movement of people ditching “sticks and bricks” homes that have long embodied the American Dream and embracing a life of travel, minimal belongings and working when they want.” Tiered subs.
Kellogg looks to sell off Famous Amos and Keebler at CNN Business. Read more
40th FREIGHTER – Jeff Bezos unveils Amazon Prime Air’s flying tribute to veterans: Valor by Alan Boyle at GeekWire. “A cheering crowd, including more than 100 Amazon veterans and military spouses, was on hand for today’s ceremony at Long Beach Airport in California. After an appropriate drum roll, Bezos pulled down a banner that was slung over the plane’s nose, revealing the plane’s name.” Pic/Read more
U.S. pigs out on bacon, ribs as trade wars cut chicken demand at Reuters. Read more
Signet Jewelers, Tiffany shares fall as De Beers lowers low-end diamond prices at CNBC. “The low-end diamond market is struggling with too much supply, according to Bloomberg. This has put the squeeze on locations like Surat, India, a major diamond-cutting hub, leading to lower profit margins.” Read more
Wawa launches catering service with Sizzli Boxes in Philadelphia at Philly Voice. Read more
Scammers hack Target in bitcoin fraud by Nathan Bomey at USA Today. “Although Target quickly regained control of the account, the hackers were able to post a tweet promising to give out 5,000 Bitcoin in “the biggest crypto-giveaway in the world!” Read more
Walmart, Home Depot adopt health insurer tactic in drug copay battle at Reuters. “…have embraced a health insurance strategy that punishes drugmakers for using discount cards to keep patients from switching or stopping their medications.” Read more
Whole Foods hands AOR account to MWWPR by Diana Bradley at PR Week. PR Week subs.
The War Inside 7-Eleven by Lauren Etter & Michael Smith at Bloomberg. “The corporate investigators have used tactics including tailing franchisees in unmarked vehicles, planting hidden cameras and listening devices, and deploying a surveillance van disguised as a plumber’s truck. The company has also given the names of franchisees to the government, which in some cases has led immigration authorities to inspect their stores.” Tiered subs.
Bank of America downgrades Best Buy to neutral ‘after several years of outsized growth’ at CNBC. Read more
Don’t drink this Tide just because it looks like boxed wine at NY Post. “The “visibly grape-flavored” liquid even comes complete with what one tweeter dubs a “shot glass.” Wow, just when we were finally recovering from the great “Tide Pod Challenge” hangover of 2017.” Pic/Read more
Tipsheet Extra Stories
Jony Ive has gone from designing iPhones to diamond rings
eBay will end mandatory arbitration for sexual harassment claims
House Democrats are eager to take on corporate America
FDA recalls another blood pressure drug for possible cancer risk
Bay County, FL allowed some hurricane victims to vote by fax or email. That’s not allowed.
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