Walmart and Deliv end online grocery partnership by Nandita Bose at Reuters. “Deliv…served the retailer with a 90-day termination notice, and the two companies stopped working with each other in late January…(Walmart) said it still partners with seven delivery firms, including DoorDash and Postmates.” Read more
Foot Locker gains digital expertise with $100 million investment in Goat Group at CNBC. “The partnership with Goat, which was seen as a threat to the footwear industry, marries the leading sportswear retailer with the largest secondary marketplace for authentic sneakers, Goat Group’s Eddy Lu said.” Video/Read more
Retailers look to ramp up advertising opportunities by Matthew Boyle at Bloomberg via Chicago Tribune. “Walmart, Target Corp. and grocery chains Kroger Co. and Ahold Delhaize are quietly courting big brands with a sales pitch that goes something like this: Facebook might know what your customers like, and Google might know what they want, but only we know what they actually buy.” Tiered subs.
Amazon’s new streamlined packaging is jamming up recycling centers by Kristen Millares Young at Washington Post via Seattle Times. Tiered subs.
Kroger Seeks Its First Creative Agency of Record by Doug Zanger at Adweek. Adweek subs.
Toy sellers skeptical of Toys ‘R’ Us execs’ comeback plan by Lisa Fickenscher at NY Post. “I’m certainly skeptical when I read a statement like ‘new management team,’ ” said Jay Foreman, chief executive of Basic Fun, which lost roughly $6 million in the bankruptcy. “These are the same leaders and same financial partners that were around for the demise of the company.” Read more
Target and UC San Diego are negotiating the terms of a lease for a small-format Target venue in place of the campus bookstore by Jennifer Van Grove at The San Diego Union-Tribune. Read more
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Whole Foods Prices Are Going Back Up on Hundreds of Items at Fortune. “A company email sent in December and viewed by The Wall Street Journal listed 550 items that would see increases. The company said that it has been forced into the move by suppliers charging more due to inflation. The average increase for items on the list was 66 cents.” Read more
NRF: Only 51% of Americans plan to celebrate Valentine’s Day, down from 55% last year and a high of 63% in 2007. by Kim Souza at Talk Business. Read more
Former Amazon Executive Emerges as Foe of Jeff Bezos by Sara Randazzo at The Wall Street Journal. “Jon Fine, the National Enquirer attorney at the center of what Jeff Bezos is calling a blackmail attempt, used to have a much different relationship with the billionaire founder of Amazon.com. For nine years, Mr. Bezos was his boss…” WSJ subs.
Walmart adds Chairman of NBCUniversal Telemundo to Board Press release
Report: We face a 14% higher risk of early death with each 10% increase in the amount of ultraprocessed foods we eat. at CNN. Read more
U.S. mall owner Simon is about to open more than 100 shops selling products infused with CBD at CNBC. Read more
…Barney’s said it will be opening a “cannabis lifestyle shop” in its Beverly Hills store next month, promising more locations to come. The retailer said the space, known as “The High End,” will sell an exclusive vaporizer pen, pastilles and other CBD-related items.
HBC closes sale of the Lord & Taylor Fifth Avenue building to WeWork for $850 million Press release
FDA targets illegally marketed dietary supplements at CNN. “The FDA vowed to update its policies on dietary supplements, promising “one of the most significant modernizations of dietary supplement regulation and oversight in more than 25 years,” according to a statement by FDA Commissioner Dr. Scott Gottlieb.” Read more
Amazon acquiring mesh WiFi startup eero, doubling down on smart home by Nat Levy at GeekWire. Read more
Under Armour earnings, sales top Wall Street expectations at CNBC. “Sales during the quarter rose 1.5 percent to $1.39 billion, again ahead of expectations for $1.38 billion. In the U.S., Under Armour said sales fell 6 percent during the fourth quarter to $965 million, while international sales climbed 28 percent.” Read more
Sears’ ex-chairman closes deal to buy the company, keeping 425 stores open at USA Today. Read more
DoorDash is reportedly raising $500M at a $6B+ valuation by Megan Rose Dickey at TechCrunch. Read more
Amazon’s birthplace for sale: Home where Jeff Bezos started company listed for nearly $1.5M by Todd Bishop at GeekWire. “Open houses are scheduled from noon to 2 p.m. Wednesday and 1 p.m. to 4 p.m. Saturday and Sunday, and you never know who might show up. Offers are set to be reviewed a week from today.” Read more
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