Tipsheet: Wgreen CEO @ CNBC | Warren Pushes Toys R Us | Sears ‘Reassures’ Vendors
CANADA – Recreational pot sales officially started at 12 a.m. on Wednesday through the provincial government’s online portal — www.bccannabisstores.com at Vancouver Sun. Read more
…Until yesterday Uruguay was the only country to have legalized the entire value chain for adult recreational use of marijuana at Fortune. Read more
…Canada Post workers could begin rotating strikes Monday at CBC News. Read more
‘I Urge You to Reconsider:’ Elizabeth Warren Pushes Toys ‘R’ Us to Give Laid-Off Employees Some Serious Severance at Fortune. Read more
Walgreens wants to be seen as a health-care company, not just a retailer at CNBC. “So you will see that in a few years our stores will be completely different and will give lot of prominence, even in front of stores, to health and beauty…” Walgreens Boots Alliance CEO Stefano Pessina said Tuesday.” Video/Read more
Target Reimagines Toy Experience for the Holidays “…adding nearly a quarter-million square feet of new space for toys across more than 500 stores and will complete remodels of toy departments in more than 100 stores.” Press release
Russian e‑commerce could nearly triple in the next five years by Adrien Henni at Internet Retailer. “Despite the growth, a dominant e-commerce player has yet to emerge in Russia…The top four e-commerce companies in Russia currently account for a mere 27% of the market vs. 63% in the USA and 84% in China.” Read more
Some of Amazon’s brand-new Mercedes-Benz delivery vans are suffering a mechanical failure by Hayley Peterson at Business Insider. “One Amazon delivery service provider has encountered the power-steering problem in about a quarter of the 40 Mercedes-Benz vans that the company received at a delivery station in early September, according to an employee of the company.” Read more
Sears tries to reassure suppliers after bankruptcy filing by Lisa Fickenscher at NY Post. “We do not anticipate any impact to vendor payments,” Chief Financial Officer Robert Riecker wrote in the letter obtained by The Post, adding, “We have sufficient funding for ongoing operations.” Riecker pointed to the $300 million debtor-in-possession financing that Sears got from its lenders to fund its operations and to an additional $300 million in financing that is being negotiated.” Read more
Wall Street analysts heard from Walmart executives on Tuesday by Kim Souza at Talk Business. “McMillon also said Walmart has a small advertising agency and there is more growth possible with AdIquity, Flipkart Ads and Walmart Media Group. He also said Walmart has never tried to monetize its massive data holdings, but that’s another opportunity.” Read more
…Walmart saves $200 million by changing its light bulbs and $20 million with a new floor wax at CNBC. Read more
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We’ve hit peak subscription box by Elizabeth Segran at Fast Company. “There are now 3,500, an increase of 40% from a year before. And a full 47% of subscription boxes launched in the past 12 months…McKinsey has found that in the overcrowded world of subscription boxes, the wheat is now separating from the chaff.” Read more
UPS CEO joins former Home Depot chairman on Macy’s board of directors Press release
Credit Suisse cautious on home improvement retailers at Seeking Alpha.”Analyst Seth Sigman lowers the price target on Home Depot to $204 from $222 and reduces the PT on Lowe’s to $111 from $115.” Read more
Carl Icahn has taken a stake in Dollar Tree by Josh Kosman at NY Post. “Icahn’s plans for the Dollar Tree stake weren’t immediately clear. Reached on Monday, he declined to comment.” Read more
Barneys New York Launches Barneys Home and Kids Press release
Albertsons launches an online marketplace selling 40,000 food, wellness and household products at Internet Retailer. “By the end of 2018, the site, Albertsons.com/Marketplace, will offer more than 100,000 products.” Read more
Greetings, death: Coca-Cola’s marketing slogan backfires badly in New Zealand at CNBC. Read more
Beer sold in 77-packs has Maryland’s comptroller accusing Anheuser-Busch of promoting binge drinking by Gina Salamone at NY Daily News. “They’re obviously promoting binge drinking by young people,” Maryland comptroller Peter Franchot said, according to CBS affiliate WUSA9.” Read more
Tipsheet Extra Stories
2018 100 best adoption-friendly workplaces list
Worker dies at Macy’s warehouse after 35-foot fall from cargo lift
Police now investigating the $35K left behind in a freezer bought and exchanged through Costco
Apple fixes ‘terrible’ bagel emoji design after social media outrage
Boston – not New York – has the best pizzeria, according to TripAdvisor
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