Tipsheet: WM Drones @ NC | H.Depot Holiday Plan | PriceSmart +4.5%


Walmart to test drone delivery of grocery, household items at Reuters. “…test would start on Wednesday in Fayetteville, North Carolina, with cloud-controlled drones picking up and dropping off select items. “We know that it will be some time before we see millions of packages delivered via drone. That still feels like a bit of science fiction,” Tom Ward, senior vice-president, customer products, said in a statement.” Read more


Home Depot adapts 2020 holiday shopping season to pandemic era with 2 months of Black Friday deals at CNBC. “It will collaborate with Pinterest to inspire a different kind of DIY project: Making meaningful, homemade gifts…emphasized an option that could gain greater popularity this year, though it was available in years past: Getting a fresh Christmas tree delivered to a customer’s doorstep.” Read more


LVMH drops $16 billion Tiffany takeover, battle lines drawn at Reuters. “The stage is set for an acrimonious legal dispute; Tiffany said it was filing a lawsuit against LVMH to force it to complete the deal as agreed last year, accusing the French group of deliberately stalling completion of the takeover.” Read more


PriceSmart August net merchandise sales +4.5% Press release


Walmart to hear from 850 entrepreneurs in the October virtual Open Call at Talk Business. “The retailer sifted through more than 4,800 product pitches this year, a 44% increase from the number of submissions last year.” Read more


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Food prices up globally during coronavirus for 3rd month in row at Fox Business. Read more


Amazon opens new Go Grocery store in Microsoft’s HQ neighborhood at GeekWire. “While the new store may attract shoppers who work at Microsoft, the location is also notable because Microsoft is not shy about also wanting to “redefine the shopping experience” through technology.” Read more


Casey’s Q1 comp sales: inside sales flat / fuel gallons -14.6% Press release


Walmart Management Presents at Barclays Global Consumer Staples Conference at Seeking Alpha. Transcript


Bed Bath & Beyond appoints Rick Wilkins as Regional VP for the West region Press release


Sports Authority founder sounds off on LeBron James, mixing sports with politics at NY Post. “If I had Sports Authority, I’d take the LeBron [Nike] shoes and put them on the back shelf,” said Jack Smith, who resigned from the company in 1998.” Read more


Tipsheet Extra

Jeff Bezos-backed cancer testing company Grail files for U.S. IPO

UFCW: Grocers should kick out maskless shoppers

A look at Jeff Bezos’ Manhattan Portfolio

Walmart gets Hissho Sushi & Craft Beer Bar

Remote learning is costing parents a fortune

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