What We Learned From Retailers’ Five-Day Scramble for Shoppers by Matthew Boyle & Lindsey Rupp at Bloomberg. “This was supposed to be the year that brands like Ralph Lauren and Michael Kors relied less on markdowns to move merchandise. But so far, the industry appears as discount-dependent as ever.” Charts/Read more

 

GBH Insights has predicted the average Prime customer is spending 20 to 25 percent more on Amazon.com this holiday season at CNBC. Read more

 

Tiffany Q3 Comp Sales -1.0% Press release

 

…Tiffany earnings: 80 cents a share, vs 76 cents EPS expected at CNBC. “Total revenue rose to $976.2 million from $949.3 million.” Read more

 

The New Corporate Perk: Gassing Up at Work by Christopher M. Mathews at Wall Street Journal. “Booster Fuels founder and chief executive Frank Mycroft…sees his market as younger, tech-savvy consumers who place a premium on convenience…”Some people are still going to want to go to the gas station and shop and buy other stuff,” Mr. Mycroft said. “I wouldn’t go so far as to say we’d disrupt retail gasoline as Uber has to the taxi market.” Read more (subs.)

 

More than 70 percent of Americans shopped Thanksgiving weekend by Abha Bhattarai at Washington Post via Denver Post. “The 174 million Americans who shopped between Thanksgiving Day and Cyber Monday spent an average of $335 per person during that five-day period, the (NRF) said.” Read more

 

…Older Millennials Were the Biggest Spenders During Holiday Weekend by Lindsey Rupp at Bloomberg. “Older millennials shelled out $419.52 during the five-day stretch, 25 percent more than the overall average.” Read more

 

Here are the top 38 people who run Amazon at CNBC. List

 

WEED WILLING – Couche-Tard Q2 profit surges to record on acquisitions via Montreal Gazette. “Brian Hannasch said the large convenience store chain, which operates as Circle K outside Quebec, has a proven track record of selling age-restricted products like cigarettes and beer. “We welcome the opportunity to work with one of the provinces here in Canada to demonstrate we can be a good partner in the space,” he said during a conference call about its second-quarter results.” Read more

 

Amazon Is Offering Tickets for Jumanji Previews to Its Prime Members by Fortune. Read more

 

Rite Aid hands off first batch of stores to Walgreens at Central Penn Business Journal. “Walgreens Boots Alliance Inc. has taken over the first 97 stores from Rite Aid Corp. as part of a larger store sale valued at nearly $4.4 billion.” Read more

 

Apple security glitch gives anyone access to your Mac without a password by typing ‘root’ at Daily Mail | Krebs article

 

Mars backs Kind bar company with investment, sales deal by Nathan Bomey at USA Today. Read more

 

After shoving its way onto iTunes, U2 is headed for the Amazon Echo by Brian Heater at TechCrunch. “The whole thing will be available as a one-time broadcast in the U.S., U.K., Germany and Austria on Thursday the 30th.” Read more

 

Instacart signs up Albertsons in delivery partnership at CNBC. Read more

 

Dick’s Workers Knock Bid To Pause Their Bag Check Suit by Braden Campbell at Law 360. “Dick’s Sporting Goods workers urged a California federal court Monday not to stay their class action alleging they are owed pay for time spent in security checks.” Read more (subs.)

 

C&S Wholesale Grocers Appoints Mike Duffy CEO Press release

 

Nonprofit Project Veritas — which targeted Jeff Bezos-owned Washington Post — eligible for donations via AmazonSmile by Kurt Schlosser at GeekWire. Read more

 

Williams-Sonoma Introduces New Augmented Reality iOS App for Pottery Barn Press release

 

Fossil watches heading for ‘an epic blow-up’ by Lisa Fickenscher at NY Post. “The watch and leather goods maker, which produces time pieces for Michael Kors, Karl Lagerfeld, Marc Jacobs, DKNY and more than a dozen others, is sitting on a small and shrinking pile of cash — too little to service its enormous debt.” Read more

 

Tipsheet Extra Stories

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WHO: 10% of drugs are bogus in developing countries

Taco truck halts GM autonomous car’s cruise through SF

Read Tipsheet Extra Stories

 

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