Amazon plans summer sale for June 22 to ‘jumpstart sales’ after coronavirus crunch at CNBC. “Amazon is still finalizing details around the event, which isn’t named, but has been given a working title of the “Biggest Sale in the Sky.” The company is in the process of finalizing the landing pages for the event and asked sellers to submit deals for items with a discount of at least 30% by the end of the day on Wednesday.” Read more

 

Report: Tiffany / LVMH Deal is at Risk at The Street. “Luxury goods retailer LVMH is worried that the economic crisis triggered by the coronavirus pandemic calls into question Tiffany’s ability to cover its debt covenants, knowledgeable sources told WWD.” Read more

 

American Eagle Inc. Q1 total revenue -38% Press release

 

GUARD DOGS AT SAKS – Saks Fifth Avenue in Manhattan wrapped in razor wire to prevent looting at NY Post. “At least seven German shepherds, Belgian Malinois and pit bull dogs were also on hand, along with guards who will use them to patrol outside the store…The guard noted that the dogs “aren’t friendly.” Read more/Pics

 

Amazon will offer temporary backup childcare to 650K U.S. employees through October at GeekWire. “…up to 10 days of childcare in partnership with Care.com. The benefit lasts until Oct. 2 and can also be used for adult care…Employees will still need to pay a $25 per day co-pay for in-center childcare or $5 per hour for in-home care.” Read more

 

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Alibaba adds financing tools and online trade shows for US merchants at TechCrunch. “Alibaba announced that it will be hosting a number of live-streamed, industry-specific trade shows through its new trade show hub. There are 20 shows scheduled for the next 120 days, starting with an event focused on nutritional supplements.” Read more

 

Instacart will expand sick pay to more gig workers at The Verge. “Instacart will expand its COVID-19 sick pay to include more gig workers as part of an agreement with the attorney general for Washington, DC. Under the agreement, the company is also launching a telemedicine pilot in the DC area to remotely diagnose shoppers who believe they may have contracted the disease, and provide childcare assistance pay to eligible workers while schools are closed.” Read more

 

H-E-B Tops Customer Satisfaction Pandemic Ranking at Progressive Grocer. “(H-E-B) achieved an 80% customer satisfaction mark in the newest Bond Brand Loyalty “Covid-19 Consumer Tracker” study. H-E-B scored higher than such other food retailers as Costco and Walmart, each of them scoring 61%. Publix and The Kroger Co. were behind them, with scores of 59% each.” Read more

 

H-E-B no longer making masks mandatory for customers at News 4 San Antonio. “H-E-B said it will continue to require all partners and vendors to wear them.” Read more

 

New York & Company owner RTW Retailwinds warns bankruptcy filing imminent at CNBC. “RTW Retailwinds currently operates more than 385 retail and outlet locations, across 33 states.” Read more

 

HELP WANTED – Tesco CFO to Step Down in April 2021 at Wall Street Journal. “Tesco said it would look for a successor to Mr. Stewart both inside and outside the company. The long lead time for the search, a spokeswoman said, is unrelated to the coronavirus upheaval, which has delayed CFO searches at other companies.” WSJ subs.

 

Dick’s Sporting Goods Q1 Earnings Call Transcript

 

Target’s Shipt hires Molly Snyder as its first comms head at PR Week. “Most recently, Snyder was SVP of public affairs and comms for U.S. Bank…David Palombi, U.S. Bank’s EVP and chief global communications and public affairs officer…called Snyder a “star”.” Read more

 

Kroger CEO shares reopening plan at White House at Chain Drug Review. “…we developed a 59-page blueprint that we made public. The other day, I was on the Today Show, and they asked me like four times, ‘Why would you do that?’…“We’ve had over 100,000 site visits on that,” McMullen said.  “We’ve had over 26,000 individuals and companies download that.  We get a ton of notes from small companies, in terms of their appreciation.” Read more

 

Tipsheet Extra Stories

U.S. labor market appears to stabilize as private payrolls fall less than expected

Cauliflower and cheaper beer as Prague puts local tourists first

Canada Goose predicts ‘negligible’ revenue after coronavirus shutdown

Dramatic video captures looters clashing with NYPD outside a Zara store

Express Inc. loss widens during coronavirus pandemic

Read Tipsheet Extra Stories

 

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