IKEA’s Strategy in India: If We Build It, They Will Come at Wall Street Journal. “The (first store in) India…set to open next month in the southern city of Hyderabad, will feature IKEA’s first in-house furniture-assembly team, with 150 full-time employees. IKEA created the optional service after research indicated many Indians would be unlikely to buy bookshelves and tables they had to screw together.” Subscription
Why Amazon Is Warning the U.K. Government About ‘Civil Unrest’ by Grace Dobush at Fortune. “Brexit without a trade deal would lead to civil unrest within two weeks, Amazon’s top U.K. manager said. The Times reported Doug Gurr, head of U.K. and Ireland business for Amazon, privately met with Brexit Secretary Dominic Raab and other business leaders on Friday.” Read more
Singer Demi Lovato plays to Amazon’s Prime crowd in Seattle by Kurt Schlosser at GeekWire. Read more/Pics
How OfficeMax’s/Supervalu’s former CEO lost more than $4 million, thanks to Wells Fargo’s investment advice by James Rufus Koren at LA Times. “Wells Fargo’s wealth management unit has been ordered to pay $8.6 million in damages and fees to a client — the former chief executive of retailer OfficeMax — who lost millions of dollars in risky Puerto Rico bonds recommended by his financial advisor.” Tiered subs.
Trader Joe’s gunman shot his grandmother six times after she told him to turn off the TV at Daily Mail. Read more
Amazon’s new feature is a DIYer’s dream by Mark Wilson at Fast Company. “Part Finder’s superpower is the sheer specificity with which it can do the job. It can tell a SplitRivet from a WingNut and a flat head from a pan head. It can identify over 100 types of fasteners in all, “which represents thousands, if not millions of parts,” according to Amazon.” Read more
Lowe’s Poaches Another J.C. Penney Exec at Bloomberg. “(Lowe’s) named Joe McFarland executive vice president of stores, the company said. He starts on Aug. 15.” Tiered subs.
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Bass Pro Shops, Cabelas could be getting Wahlburgers restaurants by Alissa Zhu at Springfield News Leader. “(Johnny) Morris spoke with actor Mark Wahlberg over video during the episode…”Hey Mark, it’s Johnny. I’ve got this big contract before me. We’re very proud, very excited about this,” Morris said.” Read more
Home Depot CEO & Walmart VP of People attend White House to sign workforce training pledge at Politico. Read more
The museum pop-up craze continues, with patrons willing to pay between $20 and $40 for an experience that looks good on social media at CNBC. “In an experienced-based economy, having a photo on social media is sometimes more valuable than buying an actual item, said Gerald Storch, CEO of Storch Advisors, a retail advisory firm. “It’s just as real if it’s virtual,” said Storch, who also served as vice chairman of Target.” Read more
Retail stocks are proving that Amazon is not the industry-killer everyone feared at CNBC. Read more
Mortgage, Groupon and card debt: how the bottom half bolsters U.S. economy by Jonathan Spicer at Reuters. “A Reuters analysis of U.S. household data shows that the bottom 60 percent of income-earners have accounted for most of the rise in spending over the past two years even as the their finances worsened – a break with a decades-old trend where the top 40 percent had primarily fueled consumption growth.” Read more
Target’s CBGB Recreation Is Another Slap in the Face for Punk Fans by Rob Arcand at Spin. “No throwback to the neighborhood’s heyday could be complete without mention of its infamous punk club CBGB, and Target has thankfully memorialized the venue with its own mock storefront dedicated to the space. Beneath an awning spelling out “TRGT” in the venue’s classic font.” Read more/Pics
Tipsheet Extra Stories
Moms slam Target, Walmart for ‘hooker style’ shorts for tweens
Fired Walmart employee films his boss trying to snatch his camera during intense confrontation
Alibaba Looking at Expansion in Advertising, Media Sectors
‘Aquaman’ Is Shaping Up to Be ‘Game of Thrones’ Underwater
Goat saved from Walmart lot after ‘rescuers’ asked if they could eat him
Forbes suggested Amazon should replace libraries, and people aren’t having it
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