Tipsheet: Target Embeds Pinterest | Kroger Goes Local | Carol Tome Honored | Disney’s New Store


Bass Pro’s $5 billion deal to buy Cabela’s is complete; combined company’s HQ will be in Springfield, Missouri by Paige Yowell at Omaha World-Herald. “Bass Pro did not respond to questions from The World-Herald about what would happen next with Nebraska workers; Bass Pro has said in the past that it would keep some presence in Nebraska.” Read more


Amazon can’t compete with off-price retailers, JPMorgan says at CNBC. “Here’s the argument for off-price retail: Amazon’s encroachment into the apparel industry more closely resembles a full-price department store, instead of a Ross or TJ Maxx model, JPMorgan’s Boss said.” Read more


Target is adding Pinterest’s visual search tool to its app and website by Sarah Perez at TechCrunch. “The deal, which represents the first time the company has integrated Lens into a retailer’s app, will allow Target shoppers to snap a photo of any product, and then find similar items available for sale at Target. The company says that this feature will initially become available within Target’s registry, but will expand more fully to Target’s app and desktop website in the future. As a result of this deal, Target is also increasing their ad buy significantly with Pinterest.” Read more


Sarah Jessica Parker to host Airbnb Bloomingdale’s trip by Beth J. Harpaz at AP via Seattle Times. “Each participant will get a pair of shoes from her SJP Collection at Bloomingdale’s, with a stop at the department store’s Forty Carrots cafe for frozen yogurt before the guests head off to the ballet. The listing for Parker’s Oct. 6 experience will go live Tuesday morning, with four spaces bookable at $400 each, first come, first served.” Read more


Kroger is now making it a priority to partner with local brands at its supermarket stores across the U.S. at CNBC. “Currently, Kroger sources from thousands of local suppliers, but it’s looking to grow that number, according to Mike Donnelly, Kroger’s executive vice president of merchandising and procurement…Kroger is now inviting local vendors to join its team. Kroger’s new website reads: “Kroger Loves Local” and “We Are Local.” Read more


Disney’s Fix for Retail Slump: Stream Theme-Park Events in Store by Christopher Palmeri at Bloomberg. “Since July, (Disney) has unveiled 4 of 6 planned stores with the new look, which includes a giant video screen in the front. Guests celebrating a birthday can have Donald Duck and friends sing to them, with their photo featured on the screen. Those showing up in the afternoon can sit on seat cushions and watch a live feed of Disneyland’s daily parade down Main Street. Soon, the stores will wheel up a cart where customers can buy cotton candy and mouse ears, just like those sold at the parks.” Read more


Home Depot’s Carol Tomé among Women Who Mean Business honorees to be celebrated Oct. 19 by Jessica Saunders at Atlanta Business Chronicle. Read more


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Alibaba Says It’s About to Build Up a Massive Logistics Network via Fortune. “Alibaba is investing 5.3 billion yuan in Cainiao Smart Logistics Network to boost its stake to 51% from 47%. The investment would value Cainiao, a joint venture of top Chinese logistics firms, at around $20 billion.” Read more


Amazon reportedly invests $28M in India retailer Shoppers Stop by Nat Levy at GeekWire. “The cash infusion will help Shoppers Stop open 20 new stores over the next four years, bringing its footprint to 100 locations in India. Amazon will put experience centers — areas where customers can try out Amazon products — in Shoppers Stop stores.” Read more


How tall is that wall? Lowe’s has a measuring app for that at Fox Business. “The app, called Measured by Lowe’s, uses the smartphone’s camera to measure items in a room. Measurements can be saved for later or shared on social media.” Read more


Did Target aim for $15 minimum wage too soon? by Brittany De Lea at Fox Business. “[Fifteen dollars per hour is] a big movement higher and I think the challenge is we don’t have any idea what the employment markets are going to look like in 2020,” Scott Mushkin, senior retail analyst and managing director at Wolfe Research, told FOX Business. “If I was running a business, I don’t know if I would rush to match that intention. I wouldn’t have even advised Target to make that announcement.” Read more


E-Commerce Mania Spreads To Warehouse Market by Esther Fung at Wall Street Journal. “A well-located last-mile facility “has the functional equivalent of a high-end retail store,” said Hamid Moghadam, chairman and chief executive officer of industrial real-estate investment trust Prologis Inc.” Read more (subs.)


Moms fuming as posh baby chain Giggle gets ready to close for good by Lisa Fickenscher & Julia Marsh at NY Post. “Many of them had recently purchased expensive items from the stores, had their baby registry with it or were sitting on generous gift cards that might be worth nothing now. “I have $1,000 in Giggle gift cards that I don’t know what to do with,” Jessica-Ann Cohen, who is expecting her first child in December, told The Post.” Read more


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