Tipsheet: Target +$2B w/Black-owned Biz | Teen Spend Ticks Up | WM Poaches Disney

  Target says it will spend more than $2 billion with Black-owned businesses by 2025 at CNBC. “…the retailer said it will more actively seek out advertising firms, suppliers, construction companies and other kinds of businesses that are Black-owned. It said it will create a program called Forward Founders for early-stage start-ups led by Black […]

Tipsheet: Lebron Mom & WM | Kroger Empathy | GameStop Eyes $1B Stock Sale

  GameStop plans $1 billion stock sale at Reuters. “The company said it would sell up to 3.5 million shares and use the proceeds to speed up the shift in its business model to e-commerce in an overhaul being led by top shareholder and board member Ryan Cohen.” Read more   Pharmacies score customer data […]

Tipsheet: Amazon Home Goods Outlets? | WM NWA In-Home Deliv | Target Shuts 2 @ SF

  Amazon exploring opening outlets selling home goods, electronics at Bloomberg/Fortune. “The outlets would carry unsold inventory sitting in Amazon’s warehouses at steep discounts, according to two people familiar with the plans. The company has considered opening permanent stores, as well as pop-up locations in malls or parking lots, said the people. The plans were […]

Tipsheet: Walgreens +4.6% | Chewy +51% | Boxes in Demand

  Walgreens Q2 sales +4.6% “The United States segment had second quarter sales of $27.3 billion, an increase of 0.4 percent from the year-ago quarter…Comparable sales increased 2.0 percent from the year-ago quarter reflecting a 4.5 percent increase in comparable pharmacy sales and a 3.5 percent decline in comparable retail sales.” Press release   Lululemon […]

Tipsheet: Home Prices +11.1% | Gennette @ Mad Money | Bed Bath & GameStop Poach

  Bed Bath & Beyond poaches Wayfair, Walmart execs to help it grow online at CNBC. “Jill Pavlovich, previously head of exclusive brands and merchandising for the online furniture retailer Wayfair, has been named senior vice president of digital commerce at Bed Bath. Jake Griffith, previously a general manager for sports and fitness at the […]

Tipsheet: Sam’s SVP @ Chamber | Dick’s 1st Experiential Store | Costco’s Ravens

  ThredUp shares jump nearly 43% in first day of trading at CNBC. “Based in Oakland, Calif., ThredUp is an online resale marketplace where consumers can buy and sell secondhand clothing, shoes and accessories. The website features about 2.4 million listings from over 35,000 brands at any given time.” Read more   Amazon started a […]