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Walmart investing in GM’s Cruise self-driving car company at CNBC. “The decision to invest comes about five months after the companies started working on a pilot program to use Cruise self-driving vehicles for deliveries in Scottsdale, Arizona.” Read more


Retail sales increased 9.8% last month at Reuters. “…receipts at auto dealerships surging 15.1% after falling 3.5% in February. Sales at clothing stores soared 18.3%. Consumers also boosted spending at restaurants and bars, leading to a 13.4% jump in receipts.” Read more


How Amazon Strong-Arms Partners Using Its Power Across Multiple Businesses at Wall Street Journal. “Amazon last year told smart-thermostat maker Ecobee it had to give the tech giant data from its voice-enabled devices even when customers weren’t using them. The Canadian company said no…Amazon responded that if Ecobee didn’t serve up its data, the refusal could affect Ecobee’s ability to sell on Amazon’s retail platform, the person said.” WSJ subs.


Target is testing a new approach to get packages to customers’ doors even faster at CNBC. “Target is testing a new way to deliver online orders in the Minneapolis area with a special facility that sorts packages and contract workers from Shipt that help drop them off at customers’ homes.” Read more


CORPORATE REPUTATION – 2021 Global RepTrak® 100 (Ikea #36, Aldi #65, Costco #78, Amazon #92) Top 100 list


Walmart to convert majority of US hourly jobs to full-time positions at The Hill. “Drew Holler, senior vice president of Walmart’s U.S. People Operations, outlined the plans in a blog post, writing that two-thirds of the Walmart roles that are currently hourly will eventually be “full-time with consistent schedules from week to week.” Read more


Tapestry, Inc. appoints Todd Kahn CEO and Brand President of Coach “…reporting to Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc. Mr. Kahn joined the Company in January 2008 and has held a number of leadership roles within the organization…” Press release


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American Eagle Outfitters says its business is exceeding expectations with Q1 revenue on track to over $1 billion, a mid-teens increase compared to pre-COVID 2019 first quarter reported revenue Press release


Here’s Kroger’s big bet to fight Amazon at CNN. “Kroger this spring is opening a $55 million, 375,000 square-foot fully automated distribution center outside Cincinnati in partnership with Ocado…It’s the first of 10 such facilities that Kroger, the largest US supermarket chain, plans to complete over the next two years.” Read more


Dollar Tree builds its own media network “The Company’s Family Dollar brand also announced its partnerships with Swiftly and Aki Technologies to support the new digital platform…” Press release


Amazon sets 2021 diversity goals and releases new workforce data on gender and race at GeekWire. “As of Dec. 31, women make up 31.4% of U.S. corporate employees, up 1.4% from 2019. Black employees make up 7.2%, up from 5.4%. White employees make up 47%, down from 48.4%; Asian employees make up 34.8%, down from 36.2%; and LatinX workers make up 7.5%, up from 6.6%.” Read more


REI releases its 2020 financials and annual impact report Press release


U.S. Housing Market Is Nearly 4 Million Homes Short of Buyer Demand at Wall Street Journal. “The estimate represents a 52% rise in the nation’s home shortage compared with 2018, the first time Freddie Mac quantified the shortfall…“We should have almost four million more housing units if we had kept up with demand the last few years,” Mr. Khater (Freddie Mac) said. “This is what you get when you underbuild for 10 years.” WSJ subs.


The Home Depot Opens Three New Florida Distribution Centers Press release


Mike Lindell says Costco has stopped selling My Pillow products at NY Post. “The decision will cost My Pillow between $4 million and $10 million in annual sales, according to Lindell. It will also affect some 40 salespeople who would travel to Costco stores to hawk the company’s products, he said.” Read more


Almost half of Shopify’s top execs to depart company: CEO at Fox Business. Read more


Flipkart to acquire online travel firm Cleartrip at TechCrunch. “Flipkart has been rumored to be working on introducing flight tickets purchase feature on its marketplace for over a year.” Read more


Walmart ordered to pay startup $115 million for trade secret infringement at Talk Business. “Ecoark sued Walmart in August 2018 after Walmart filed two patents on technology to improvement the freshness of produce. Ecoark claimed it shared information with Walmart between 2014 and 2017 during a pilot of Zest Labs, a subsidiary of Ecoark.” Read more


Tipsheet Extra

Jeff Bezos shows off NS-15 rocket on social media

Hy-Vee names data head

Why Some Grocers Say Amazon Fresh Isn’t a Competitive Threat

Gucci heirs worry over family depiction in Ridley Scott film

Walmart Moves to Protect Pollinators From Pesticides

Read Tipsheet Extra Stories



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