Tipsheet: Target Halts Fetch | HD Supply +10.1% | RH +5.0%
RH Q2 comp brand revenue +5.0% Press release
HD Supply Q2 organic sales +10.1% Press release
Jeff Bezos making $10 million contribution to a super PAC that aims to elect military veterans to Congress by Reid J. Epstein at Wall Street Journal. “They perceive themselves to be pretty nonpartisan,” Mr. Barcott said. “The idea of doing something different and disruptive appealed to them, along with our focus on values and integrity in our national discourse.” Subscription
Target Fetch Program halted by Ashlee Clark Thompson at CNET. “Target Fetch would have included a toilet spindle (the springy thing that holds the roll), paper towel holder and soap pump that are all Bluetooth-enabled and equipped with sensors. The sensors in each product would have kept track of how much of each item you use, and the app would have sent you an alert when you were about to run out.” Read more
Third Amazon Go location opens a week after second store by Nat Levy at GeekWire. “The new location is in one of Amazon’s office buildings at 300 Boren Ave. N. in the South Lake Union neighborhood. It is the biggest of the three stores — 2,100 square feet versus 1,800 for the original store and 1,450 square feet for the second location.” Read more
How do you know the economy is great? Customer service is terrible. by Danielle Paquette at Washington Post. Tiered subs.
E-commerce driving need for more warehouse workers by Erica E. Phillips at Wall Street Journal via Toronto Star. “U.S. warehouses and distribution centers need an additional 452,000 workers in total this year and next, commercial real-estate brokerage CBRE Group Inc. writes in a new report, a steep acceleration from hiring in the sector in recent years.” Read more
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Amazon enlists Prime Air jet in cancer fight by Kurt Schlosser at GeekWire. “During an event Tuesday at Seattle’s Museum of Flight, Amazon raised its philanthropic profile by bestowing financial gifts on two institutions working toward better awareness of childhood cancer.” Read more
Target’s 2018 toy list at A Bullseye View
Amazon expands San Diego Tech Hub – plans to create 300 high tech jobs Press release
Inditex, the world’s largest clothing retailer and owner of the Zara chain, will sell products from all its brands on the Internet around the world by 2020 at Reuters. Read more
How Amazon and eBay became a tax haven for Chinese sellers by Wolfgang Verler at The Verge. “Now, the UK, Germany, and the EU Commission are stepping forward to hold marketplace operators accountable for tax fraud amounting to around $5 billion a year across Europe, according to estimates by the EU Commission.” Read more
The Amazon-Berkshire-JPM health venture led by Atul Gawande has a COO: Jack Stoddard at CNBC. Read more
Arrest of JD.com CEO Came After Night of Wine and Japanese Food in Minneapolis at Wall Street Journal. “Mr. Liu and the woman, a Chinese student attending the University of Minnesota, sat at the same table Thursday at Origami, a Japanese restaurant in Minneapolis, the person said.” Subscription
2ND TIMES A CHARM – Bass Pro wants skin from giant 1,000 pound alligator nabbed in Florida at Fox 13 “Dalton explained the trio initially hooked the gator around 1 a.m., then lost it after a 45-minute struggle…They spotted the large alligator in about two feet of water, and after a couple of hours, they hooked it again.” Pics/Read more
Tipsheet Extra Stories
Girl hospitalized with life-threatening sepsis after trying on shoes without socks
Huge crowds line up before Wawa demolishes this ’50s restaurant
Netflix snags Disney executive to head consumer products
CDC Begs Consumers Not to Buy Kellogg’s Honey Smacks
Unilever confronts the ‘chairdrobe’ as consumers rethink laundry
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