Tipsheet: WM HQ Cuts | Costco #7 Reputation | Canada Supplier Fears
Walmart U.S. eliminating corporate jobs in Northwest Arkansas, West Coast at Talk Business. “Talk Business & Politics has learned dozens of employees in the areas of fresh produce and meat supply chain, real estate, logistics and transportation, global people, human resources and customer experience teams were also impacted from the ongoing layoffs which began Monday (July 27). Walmart has not provided a job cut total but sources tell Talk Business & Politics it is several hundred jobs in Northwest Arkansas and in West Coast offices.” Read more
Amazon net sales increased 40% to $88.9 billion in the second quarter Press release
CANADA: Supplier fears intensify as major grocer group demands match of any discount given to Walmart at Financial Post. “United Grocers Inc., a national buying group that negotiates supply deals on behalf of Metro Inc., Save-on-Foods, Longo’s, Alimentation Couche-Tard Inc., and other retailers, told suppliers in a letter on Wednesday that it will “expect to receive any cost reduction you may decide to offer any competitors.” Read more
The Harris Poll: 2020 Corporate Reputation Rankings: Amazon #3 / Publix #4 / Wegmans #6 / Costco #7 / Kroger #9 List of 100
…Fastest Rising and Falling Reputations
Biggest Improvement: Target #4
Biggest Declines: Home Depot #3 / eBay #6 / Nordstrom #7 List
Floor & Decor Q2 comp sales down 20.8% “…third quarter-to-date fiscal 2020 comparable store sales increased 16%…” Press release
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Nike hit with a proposed class action alleging its policy that employees wear opaque Nike-branded masks discriminates against deaf and hard of hearing people who rely on lipreading Law 360
Instacart and Costco launch same-day delivery across Canada Press release
Documents unearthed by Congress offer new window into Amazon’s war against one-time rival at GeekWire. “Members of the House subcommittee on antitrust grilled Bezos on a heated price war Amazon fought with Diapers.com…’These guys are our #1 short term competitor … [W]e need to match pricing on these guys no matter what the cost,’ said Amazon executive Doug Herrington in an email released by the committee.” Read more
Amazon tops 1 million employees and seasonal workers for first time at GeekWire. Read more
US consumer spending up 5.6% in June at AP. “Friday’s Commerce Department report showed that the increase in consumer spending in June coincided with a 1.1% drop in personal incomes which followed an even bigger 4.4% decline in incomes in May.” Read more
PayPal and Venmo QR code checkout is coming to 8,200 CVS stores in Q4 at TechCrunch. Read more
Krebs: Is Your Chip Card Secure? Much Depends on Where You Bank “Earlier this month (Visa) released a security alert regarding a recent merchant compromise…Visa did not name the merchant in question, but something similar seems to have happened at Key Food Stores Co-Operative Inc., a supermarket chain in the northeastern United States.” Read more
Rakuten has pulled the plug on its U.S. online retail store, originally known as Buy.com at TechCrunch. Read more
Big Lots announces nationwide same-day delivery partnership with PICKUP Press release
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Tipsheet Extra
PR exec who destroyed Target mask display says she had a ‘mental breakdown’
Amazon’s online grocery sales triple in Q2
Apple loyalists prove physical stores not needed to drive iPhone sales: J.P. Morgan
Under Armour warns sales will decline as much as 25% in second half of 2020
Amazon vows to invest $10B in Kuiper satellites after getting FCC’s go-ahead
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