Tipsheet: Target’s Newest Incubator | Amazon Pressures WM Sellers | CVS CarePass
Attack on Texas shoppers to be handled as domestic terrorism at AP. “The attack targeted a Walmart and did not spread to other nearby shopping areas, El Paso police Sgt. Robert Gomez said. Most victims were inside the store. By Sunday evening, all bodies had been removed from the store and the parking lot, police said.” Read more
In the wake of latest massacres, Walmart is pressured to stop selling guns at CNN Business. Read more
CVS targets millennials with Amazon-like membership at CNBC. “CVS announced on Monday its CarePass program will expand nationwide. It had been tested it in Boston, Philadelphia and Tampa. Consumers pay $5 a month or $48 annually for free delivery on drugstore products and prescription drugs, discounts on CVS-branded items, a monthly $10 coupon and access to a pharmacy hotline.” Read more
Amazon Is Squeezing Sellers That Offer Better Prices on Walmart by Spencer Soper at Bloomberg. “Some merchants are keen to increase their sales on Walmart, where it costs less to do business since advertising costs less than it does on Amazon. But sellers say the price alerts are forcing them to maintain allegiance to Amazon and making it harder to diversify their businesses.” Tiered subs.
Target’s newest incubator program focuses on Generation Z entrepreneurs by Kavita Kumar at Star Tribune. “I believe we have a leading portfolio of accelerator and incubator programs,” said Minsok Pak, Target’s chief strategy and innovation officer. “I anticipate that we’ll continue to grow them going forward.” Tiered subs.
The 50 best workplaces for innovators (Amazon, Chobani, P&G) at Fast Company. List/Read more
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Walmart’s Flipkart to add free movies, videos streaming to its app at Reuters. “Flipkart competes with Amazon.com Inc’s Indian unit in the country. Unlike Amazon’s Prime video service, Flipkart won’t charge users for streaming and won’t launch a separate application for these services, the spokeswoman said.” Read more
70% of shoes sold in the US come from China. With new tariffs, the industry braces for a hit at CNBC. Read more
FedEx, UPS Find Formula for Delivering Seven Days a Week: Discount Sunday Drivers by Paul Ziobro at Wall Street Journal. “The bulk of deliveries will be residential, which are more costly than deliveries to businesses. Both companies recently disclosed the new seven-day-a-week schedule, which starts in January after the busy holiday season.” WSJ subs.
Chainsmokers fans flocking to Hudson Yards Vessel after ‘Takeaway’ video at Page Six. Read more
How this former Amazon exec is turning Snap’s ad business around at CNBC. “(Jeremi) Gorman joined Snap from Amazon, where she was most recently the head of global field sales. Though her tenure at Snap is still young, advertisers told CNBC that her mark on the social media company is already undeniable.” Read more
Jody Pinson on Walmart’s beauty department: ‘When you have over 4,700 stores, reinvention takes time’ by Priya Rao at Glossy. “Time is not our shopper’s friend. We don’t have beauty advisors in our environment, which can be a challenge, but it’s also a focus for us. Simplifying the message is critical, so we have to use the right words in stores and on digital and social, so we can remain credible.” Q&A
1-800-FLOWERS.COM, Inc. To Acquire Shari’s Berries Brand Press release
Store walks never go out of style for retired Walmart execs by Kim Souza at Talk Business. “Walking a Walmart Supercenter never gets old,” (Andy) Wilson said during a recent walk he made in Fayetteville. “If you want to know your business well, you have to read your stores, and that is exactly what Sam Walton did.” Read more
Tipsheet Extra Stories
Man who killed calf in Home Depot lot charged with cruelty
‘Copycat’ attack thwarted at Fla. Walmart
Kwik Trip tests delivery at select Wisconsin C-stores
Everyone Hates Customer Service. This Is Why. (WSJ subs.)
Vietnamese Egg Coffee Is Taking North America by Storm–but What Is It?
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