Tipsheet: Target Done w/Hampton Creek | Fastest Retail Apps | Chinese Ecom Founder Arrested
Target Ends Relationship With Troubled Startup Hampton Creek by Olivia Zaleski at Bloomberg. “There were multiple reasons we terminated our relationship with Hampton Creek and all of the reasons were clearly communicated to Hampton Creek,” Reck said by phone. She declined to elaborate, saying Target doesn’t discuss details of its business relationships.” Read more
Chinese online retailer selling luxury goods reportedly arrested on smuggling charges at CNBC. “Ji Wenhong, the founder of Xiu.com, an online e-commerce website that specializes in imported luxury goods, was captured in Indonesia and returned to China, where he will face trial, the newspaper said.” Read more
Target’s Nicollet Mall store makeover gives glimpse into plan to retool stores by Kavita Kumar at Star Tribune. “This is the most ambitious redesign in my 22 years at Target,” said Joe Perdew, who leads Target’s store design team that includes 170 architects, engineers, interior design and fixtures specialists.” Read more
Facebook’s Craigslist competitor will soon feature a lot more than just your neighbor’s old junk by Kurt Wagner at Recode. “It’s just not sure what those big plans should look like. So to figure that out, Facebook is throwing a bunch of products inside Marketplace to see what people want, including more professional products and services offered by actual retailers, not just regular Facebook users.” Read more
Target debuts apparel line for kids with disabilities by Lauren Thomas at CNBC. “Stemming from the success of Target’s private label, Cat & Jack, the retailer has rolled out a sensory-friendly selection for kids with processing sensitivities. The pieces include heat-transferred labels in place of tags, flat seams, and one-dimensional graphic tees, all designed to minimize discomfort when in contact with the skin.” Read more
New luxury wing at Philly-area Mall a hit by Suzette Parmley at Philly Inquirer. “Maybe it’s the year-round $7 valet parking service. Or the concierge service with complimentary coffee, sparkling or filtered water, and cookies on weekends. Or the charging stations for one’s mobile device or electric car…“Especially in the winter, it’s been fantastic,” Pinzon said.” Read more
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Retail execs to speak at Code Commerce in September 13/14 in Manhattan (Williams-Sonoma CEO, Boxed CEO, Amazon Prime Now GM & more) List of speakers
Tourism Saved Iceland, but Now It’s a Headache by Nina Adam at Wall Street Journal. “…about 2.2 million tourists are expected to flow into the country of 330,000 people this year, almost five times as many as in 2010…“We wanted more tourism and we worked hard to make it happen….But this immense growth was not something that anyone could foresee,” said Sigrun Brynja Einarsdottir, a top Department of Tourism official.” Read more (subs.)
The fastest apps for back-to-school shopping (Target #2, Amazon #3, Walmart #8) by April Berthene at Internet Retailer. Top 11 list
Walmart Wants to Take on Amazon With Flying Warehouses via Fortune. “The blimp-style machine would fly at heights between 500 feet and 1,000 feet (as much as 305 meters), contain multiple launching bays, and be operated autonomously or by a remote human pilot. Amazon was granted a patent for a similar vessel in April 2016.” Read more
REI CEO, 350 outdoor business leaders urge secretary of the interior to protect national monuments Press release
Build-A-Bear Adopts Share Repurchase Program of up to $20 Million Press release
That drill you returned to the hardware store? It’s now half price at a liquidator by John Ewoldt at Star Tribune. “Even entrepreneurs with no retail experience are getting in on the action. Any hobbyist intent on making “beer” money can buy a pallet of returns from a website such as Liquidation.com.” Read more
Google brings six-second video previews to mobile search at TechCrunch. Read more
Tipsheet Extra Stories
Jeff Immelt has emerged as the front-runner to become Uber’s CEO
Guess how old the average Amazon customer is
Nasty Gal founder raises $1.2M for her new company, Girlboss
Foot Locker may want to invite WWE star to all its events
Even Amazon Didn’t Think You’d Waste So Much Money On Prime Day
It’s free to visit the site of Dragonstone from ‘Game of Thrones’—but there’s a catch
U.S. farmers confused by Monsanto weed killer’s complex instructions
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