Amazon scores record sales with a 37% increase year-over-year at Fox Business. “…posted net income of $6.3 billion in the third quarter, or $12.37 per share, compared to $2.1 billion, or $4.23 per share a year ago. Meanwhile, Amazon’s third-party seller services saw a 55% increase year-over-year. On Prime Day, third-party sales surpassed $3.5 billion, a nearly 60% year-over-year increase.” Read more | Press release

 

Amazon expects to incur $4 billion in COVID-related costs next quarter at TechCrunch. Read more

 

Walmart pulls guns, ammo off sales floors because of ‘civil unrest’ in some areas, but will still sell them at CNBC. “We have seen some isolated civil unrest and as we have done on several occasions over the last few years, we have moved our firearms and ammunition off the sales floor as a precaution for the safety of our associates and customers,” Walmart said in a statement. “These items do remain available for purchase by customers,” the retail giant said.” Read more

 

US consumer spending rose a moderate 1.4% in September at AP. Read more

 

Sam’s Club partners with DoorDash to deliver medicines at Reuters. “DoorDash will deliver items from more than 500 Sam’s Club pharmacies and patients can call the pharmacies to schedule a same-day delivery, the warehouse club operator said.” Read more

 

Floor & Decor Q3 comp sales increased 18.4% Press release

 

6 Busted for Stealing $6M in Designer Goods in Series of JFK Airport Heists at NBC 4 New York. “The two primary defendants…are both truckers who formerly worked at JFK and allegedly used their “inside knowledge” to coordinate the heists. Gucci purses, sunglasses, sneakers and clothing, along with Prada bags, ready-to-wear and accessories were among the loot allegedly lifted from the airport since January.” Read more

 

Kohl’s CMO unveils holiday campaign at Ad Age. “Greg Revelle chats about the retailer’s shifting strategy and what that means for marketing.” 29:45 video

 

Target’s New Holiday Campaign at a Bullseye View. “The holidays will be different for all of us this year, and our marketing campaign is all about inspiring guests to celebrate the beauty in simple moments of joy at home,” says Rick Gomez, Target executive vice president and chief marketing and digital officer.” TV spot/Read more

 

Walgreens Boots Alliance Appoints Valerie Jarrett to Its Board of Directors Press release

 

Home Depot Taking East 61st Street Space in Largest Manhattan Retail Lease of 2020 at Commercial Observer. “…will fill the space that Bed Bath & Beyond plans to vacate when its current lease expires in 2021…The 20-year Home Depot deal at 410 East 61st is the largest retail lease in size and rent in Manhattan in the past several years, according to Gazit’s parent, Gazit-Globe. The retailer will exit a space at Vornado Realty Trust‘s 731 Lexington Avenue…” Read more

 

Alibaba-owned Lazada suffers data hack of 1.1 million accounts at Reuters. “…the information was taken from a database of its grocery arm RedMart that was more than 18 months out of date. “The user information that was illegally accessed include names, phone numbers, email and mailing addresses, encrypted passwords and partial credit card numbers,” a spokesman for Lazada said.” Read more

 

About 14 to 23 million households, or as many as 11.5%, said they planned to relocate to another city or region at Fox Business. “…with a higher percentage of residents in major cities (20.6%) saying they planned to do so…The majority of people also planned to move to a home two hours – or more – from their current location.” Read more

 

More than $1M worth of stolen Home Depot goods recovered in Houston area home at Houston Chronicle. “A Katy man is in custody after authorities allege he was part of a retail theft ring that stole more than $1 million worth of goods from a Home Depot in Colorado and then sold them out of his home…the homeowner built a mechanized lift in his home capable of moving heavy equipment.” Video/Pics/Read more

 

Tipsheet Extra

Canada’s 50 Best Executives 2020

Parisians flee, sidewalks empty as France enters lockdown

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McRib returns to McDonald’s nationwide for the first time since 2012

Apple added a secret button to your iPhone & you may not have even noticed

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