Barneys New York has filed for Chapter 11 bankruptcy protection and will close 15 of its 22 stores at USA Today. List/Read more

 

For J.C. Penney CEO, debt haunts turnaround bid at Reuters. “Penney has about $1.75 billion in liquidity in the form of cash and money available under a revolving credit line…That makes Penney’s near-term debt payments manageable. But more than $2 billion comes due in 2023…” Read more

 

Blue Apron Q2 revenue -34% Press release

 

Walmart losses in Africa continue, new leadership working on turnaround by Kim Souza at Talk Business. “Massmart will officially report six-month earnings on Aug. 29, but the retailer said losses are expected to widen despite comp sales growth of 3.6%, with inflation being 2.7% of that gain.” Read more

 

Amazon seeks FCC’s go-ahead to test mobile broadband devices in Silicon Valley by Alan Boyle at GeekWire. “Compared with other parts of the spectrum, the CBRS band is expected to be easier to make use of, could enable local data transmission at speeds that are better than Wi-Fi, and should play well with 5G.” Read more

 

NY Times: Dear Walmart C.E.O.: You Have the Power to Curb Gun Violence. Do It. “The legally purchased weapons that were used in the mass shootings did not come from Walmart. But guns in America travel through a manufacturing and supply chain that relies on banks like Wells Fargo, software companies like Microsoft, and delivery and logistics giants like Federal Express and UPS. All of those companies, in turn, count Walmart as a crucial client.” Tiered subs.

 

Walmart wrestles with how to respond to active shooters at AP. “Melissa Love, a 26-year-old store associate in Long Beach, California, said Walmart’s active shooter training is inadequate and does not make her feel prepared. She said employees essentially watch a video and there is no chance to practice.” Read more

 

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Amazon offers Prime Student members Amazon Music Unlimited for $0.99/month Press release

 

A first look inside Google’s top-secret design lab by Mark Wilson at Fast Company. “In any other setting, Ross’s upbeat, bohemian demeanor would evoke that of a high school art teacher or perhaps the owner of a crystal shop more than a design director at one of the most powerful companies in the world. Today she walks me, the first journalist ever allowed in the building, through the space…” Read more

 

US Foods Q2 revenue +4.6% Press release

 

Albertsons names chief HR officer, Portland division president at Supermarket News. “Mike Theilmann is joining Albertson Cos. as executive vice president and chief human resources officer, and company veteran Gineal Davidson has been promoted to president of the Portland (Ore.) division.” Read more

 

Squad, the ‘anti-bro startup’, is creating a safe space for teenage girls online by Kate Clark at TechCrunch. “Girls have been completely pushed off of Twitch,” (CEO Crawford) said. “The Twitch community didn’t want them there and they weren’t friendly to them.” Read more

 

When you buy kids’ clothes from UpChoose, you can exchange them later for bigger ones by Adele Peters at Fast Company. “…the old clothes are resold on the same platform to other parents. The company plans to expand to other products like toys and furniture.” Read more

 

Tipsheet Extra Stories

Giant Eagle plans tech hub for Pittsburgh area

Jeff Bezos spotted at Pro Football Hall of Fame enshrinement ceremony

Apple releases videos that show how the Apple Card works

‘Maybe think twice’ about blocking blue zone spots at Costco

Five apps you’ve never heard of that teens are using to shop

Read Tipsheet Extra Stories

 

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