Tipsheet: WM +$794M w/Bernie | PetSmart/Chewy Up-Close | Amazon Go @ Theaters?
Amazon is in talks to bring its cashierless Go technology to airports and movie theaters at CNBC. “The company has been in talks to bring Go equipment into OTG’s CIBO Express stores at airports and Cineworld’s Regal theaters, one of the people said. Another person said Amazon is looking at concession stands in baseball stadiums.” Read more
How PetSmart Swallowed Chewy—and Proved the Doubters Wrong by Miriam Gottfried at Wall Street Journal. “Chewy went public in June, and its shares have climbed nearly 20% since then in what has been a busy year for initial public offerings and despite the recent tumult in the IPO market. PetSmart’s roughly $10 billion paper gain on Chewy’s first day of trading is one of the largest ever from a private-equity-backed IPO.” WSJ subs.
Read the full transcript of Mark Zuckerberg’s leaked internal Facebook meetings by Casey Newton at The Verge. Transcript
Amazon unveils new ‘IP Accelerator’ to battle fraud on its platform, help sellers trademark products by Nat Levy at GeekWire. “The new Intellectual Property Accelerator takes a unique approach to battling fraud by connecting small- and medium-sized businesses with a group of law firms that specialize in trademarks and IP. Sellers who participate in the program — whether their products are available on Amazon’s retail stores or not — get discounted rates from the law firms.” Read more
A boycott of Fred Meyer stores in Oregon and Washington is over Video/Read more
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Amazon’s Grocery-Store Plan Moves Ahead With Los Angeles Leases by Esther Fung at Wall Street Journal. “One of Amazon’s first grocery locations will be on N. Topanga Canyon Boulevard, at a strip center in the Woodland Hills neighborhood of Los Angeles, the people said…The roughly 35,000 square-foot store was previously occupied by Toys “R” Us, and its neighbors are Citibank, Office Depot and Sharky’s Woodfired Mexican Grill. There is a Costco wholesale market half a mile away.” WSJ subs.
Sportsman’s Warehouse to Acquire 8 Field & Stream Stores from Dick’s Press release
UPS wins FAA approval for drone delivery airline at CNBC. “The company plans to use the approval — the first that the FAA has granted to a company to operate a fleet of drones as an airline — to deliver packages to hospital campuses.” Read more
Under Bernie Sanders’ income inequality tax plan, Walmart would have paid up to $794 million more in 2018 at Newsweek. Read more
…Home Depot up to $538.2 million more at Fox News. Read more
Report: holiday season accounted for almost 24% of all retailers’ sales in the late 1990s, but is closer to 21% today and is expected to continue to shrink at CNBC. Read more
Tipsheet Extra
Monthly enlists experts and celebrities to teach 30-day online classes
Yuengling and Hershey’s have concocted a new chocolate porter
Publix wine buyer says an online presence is a must for success
US construction spending up slight 0.1% in August
The latest in pet furniture: pieces that fit a home’s decor
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