Tipsheet: Wgreens adds pickup service | Wmart prices threaten Target | Facebook lets businesses sell
Walgreens adds in-store pickup service by Lauren Zumbach at Chicago Tribune. Walgreens now lets customers shop online and pick up orders at more than 7,600 of its stores. Read more
Bloomberg: Wal-Mart plans to crack Chinese market by delivering within hours. Read more
Target ranked No. 1 in corporate solar energy capacity by Mike Hughlett at Star Tribune. …adding more solar this year than any other U.S. retailer, according to report out Wednesday. Read more
Any business on Facebook can now sell goods right from its Page by Jason Del Rey at Recode. Facebook had been testing the capability with a limited set of small businesses, but is now opening it up as a tool available to all businesses globally. Read more|
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Wayfair teams with A&E for home improvement show by Megan Woolhouse at Boston Globe. Boston-based home furnishings e-retailer Wayfair Inc. and A&E Television Networks will soon air a new TV series merging two of the nation’s favorite pastimes: watching TV and online shopping. Read more
T-Mobile fined millions for selling unlimited data plans that weren’t really unlimited by Brian Fung at Washington Post. Federal regulators are slapping T-Mobile with millions of dollars in fines and other requirements after consumers complained that the wireless carrier misled them with its advertising on “unlimited” data. Read more
Walgreens profit jumps, Rite Aid deal seen closing in 2017 by Sruthi Ramakrishnan and Martina D’Couto at Reuters. Read more
Apple Mac event: October 27 in Cupertino by Ina Fried at Recode. Apple has scheduled an Oct. 27 event to launch the next generation of Mac computers. “Hello Again,” reads the invitation sent Wednesday to journalists. The event will take place at 10 am PT at Apple’s Cupertino, Calif., headquarters, with new Macs expected to take center stage. Read more
Kroger rival gets acquired by Steve Watkins at Cincinnati Business Courier. A deep-discount grocery chain that’s viewed as a key competitor to one of Kroger Co.’s growing store brands has been sold to a private equity firm. Read more
Walmart’s price cuts could cost Target billions of dollars by Phil Wahba at Fortune.The discount retailer, enjoying something of a renaissance with eight straight quarters of U.S. comparable-sales gains, is cutting the prices on countless items to keep that streak going, something that could put $35 billion worth of business at Target, Dollar General, and Family Dollar at risk, a UBS research paper found this week. Read more
Reuters: Mattel sales beat estimates as Barbie shines. Mattel Inc (MAT.O), the largest U.S. toymaker, reported better-than-expected quarterly revenue, driven by strong demand for its flagship Barbie and Fisher-Price brands. Read more
Wealthy shoppers are spending more on almost everything…except this by Krystina Gustafson at CNBC. Sure, their items cost more. But the struggles of the high-end retail market aren’t all that different from its lower-price counterparts. Read more
Canadians not yet buying into idea of online grocery shopping as retailers try to change behavior by Hollie Shaw at Financial Post. Skeptics may believe online grocery shopping will never catch on in Canada, but that was said about many categories that eventually developed a steady and growing e-commerce presence. Read more
Supervalu changes focus as retail sales slip by Dow Jones News Service. Supervalu said Monday it would sell its Save-A-Lot business, a discount grocery chain that has been a rare bright spot for the company, to a private-equity firm. The announcement reversed plans to spin off the chain into its own public company. Read more
Dollar General Corporation Insiders look optimistic about prospects by Christian Wheeler at Review Fortune. Insider Trading News: Insiders at the company look optimistic about the outlook as they seem to accumulate shares while they have -3.82 retreated so far this year. Read more
Tipsheet Extra Stories
Ikea to elderly Chinese singles: Get a room
Mountain Equipment Co-op takes its sales strategy to the great outdoors
Apples new patent is basically a giant flower pot
Nintendo to release teaser video of next-generation console
How Intel’s Top Female Executive Used the F-word to Conquer a Male-Dominated Culture
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