Walmart ends contract with robotics company, opts for human workers instead at CNBC. “The report, which cited unnamed people familiar with the situation, said Walmart recently cut ties with Bossa Nova Robotics. A Walmart spokesperson told the Journal that about 500 robots were in Walmart’s more than 4,700 stores when the contract ended.” Read more
…Walmart ended the partnership because it found different, sometimes simpler solutions that proved just as useful…In addition, Walmart U.S. chief executive John Furner has concerns about how shoppers react to seeing a robot working in a store at Wall Street Journal. Subs.
Publix Q3 comp sales +16.5% Press release
Wayfair Q3 Net Revenue up 67% Press release
PayPal gets pandemic boost, Venmo to hit $900M in revenue at Fox Business. “Approximately $44 billion in total payment volume was processed by Venmo, growing 61 percent, while PayPal’s merchant services grew 40 percent.” Read more
Camping World Q3: Revenue +21% / Gross profit +57.5% Press release
NRF: Americans show they’re eager to shop even as pandemic stretches on at CNBC. “Retail sales rose 1.9% in September, higher than economists surveyed by Dow Jones anticipated. Clothes and accessories jumped by 11%, while sporting goods, music and books grew 5.7%.” Read more
IKEA owner’s profit growth accelerates at The Globe & Mail. “…pretax profit grew 13 per cent to 2.02 billion euros ($2.36 billion)…their sales shrank 4 per cent…” Read more
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Home Depot returns as radio’s number one national advertiser with nearly 50,000 commercials at Radio Ink. Read more
Amazon reportedly planning new service for its rural deliveries at The Verge. “Several since-deleted job postings The Information discovered described “a new delivery business … that will support Amazon’s rural communities.” Read more
Ad Age speaks with CVS chief marketing officer Norman de Greve Podcast
NBA Store landlord seeks $4M in unpaid rent from league at NY Post. “The three-level, 25,000-square-foot store at the East 45th Street corner opened in 2015 after moving from several other Manhattan locations. Famed for its interactive features and video-screen live game displays, it drew legions of tourists, hoops fans and NBA stars…” Read more
Pinterest names Walmart’s Meredith Klein head of consumer, product comms PR Week subs.
Inside Saks’s pandemic protection plan at Vogue Business. “It’s something I learned after 9/11 and after ‘08,” says (CEO) Metrick, who worked as a retail executive during the World Trade Center attacks and the 2008 financial crisis. “You never return to normal. [Soon] you’re going through TSA lines and you’re not bringing liquids onto the plane and it’s normal.” Read more
What’s the germiest surface in a supermarket? You might be surprised
Nike to cut 700 jobs at its Oregon headquarters by 2021
Teen missing for two weeks after being fired from Home Depot
Amazon restricts toy sellers during the Holidays
Target customer slammed as ‘entitled’ for decorating aisle in viral TikTok
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