Retailers including Walmart and Foot Locker looted in Philly at 3 CBS Philly. “Philadelphia police tweeted a warning to stay away from the area as a crowd of approximately 1,000 people was looting in the area…Police say looting along Aramingo Avenue in Philadelphia’s Port Richmond neighborhood has “rapidly gone downhill” Tuesday night and is a “total loss.” Video/Pics/Read more

 

Hy-Vee unveils cart sanitizing system at Fox Business. “Sterile Cart is manufactured by Minnesota-based IZZA Manufacturing and distributed by Ultra Green Packaging. It uses a low-pressure spray system and a dry-in-place disinfectant. With a small footprint, 6 by 4 feet, it can easily be installed where shopping carts are returned and staged for customer use.” Pic/Read more

 

Bed Bath & Beyond targets ‘stable’ sales growth in 2021, low-to-mid single-digit gains by 2023 at CNBC. “Mark Tritton is meeting with investors at 9 a.m. ET Wednesday to lay out a three-year road map for the company, offering fresh financial targets and the strategies to get there.” Read more | Press release

 

…Mark Tritton will appear on CNBC’s Mad Money at 6PM ET tonight 

 

Chewy launches virtual vet visits as pandemic fuels pet boom at CNBC. “Starting Wednesday, the online pet product’s customers can get advice in real time from a licensed veterinarian about their dogs or cats. The service, “Connect-with-a-Vet,” is free for customers who are part of Autoship, the company’s subscription program that automatically ships deliveries of food or other pet goods.” Read more

 

Walmart Inc, Walgreens, CVS and Rite Aid have told Reuters demand for flu shots at their U.S. pharmacies is up sharply – in some cases double from last year Read more

 

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Uber adds grocery delivery service to most of Manhattan at NY Post. “Uber spokesman Harry Hartfield told The Post that it has more than 50 supermarkets and specialty stores signed up on its platform, and is working to sign up more and expand its coverage area. Instead of expanding incrementally, Uber will increase its footprint in chunks when it has enlisted enough shops in a given area.” Read more

 

Grubhub sued for sneakily adding 150,000 restaurants to platform at Crain’s Chicago Business/Bloomberg. “To disguise the subterfuge, Grubhub instructs delivery drivers to place orders with the restaurants themselves and pretend to be the intended customers when they pick up the food, the suit alleges.” Read more

 

Amazon opens dedicated portal for Sweden at TechCrunch. Read more

 

UPS beats profit estimates as pandemic spurs home deliveries at Reuters. “Revenue rose to $21.24 billion from $18.32 billion. Average daily volumes in the United States jumped 13.8% on continued strength in residential demand.” Read more

 

Is Jeff Bezos interested in buying CNN? at Fox Business. “The investment banking world is buzzing that the controversial chief executive of Amazon.com and owner of the Washington Post, Jeff Bezos, is sniffing around on a potential purchase of one of AT&T’s most valued assets, the Cable News Network, bankers tell FOX Business.” Read more

 

Wholesale Marketplace Faire Valued At $2.5 Billion After Sequoia-Led Round at Forbes. “The wholesale marketplace was created by four former Square employees to help mom-and-pop stores compete against Amazon by making it easier to discover and stock new products. A key benefit is that it accepts free returns within 60 days for items that don’t sell, reducing the risk a retailer runs when buying new inventory.” Read more

 

Tapestry, Inc. Names Joanne Crevoiserat CEO “Prior to joining the Company, Ms. Crevoiserat was EVP and COO at Abercrombie & Fitch Co. from February 2017 to June 2019.” Press release

 

Postmates is launching a new retail delivery feature at TechCrunch. “Postmates is now rolling out what could be the biggest update to the company’s service in a long time — adding a retail option for users to shop local stores and for local merchants to set up a virtual on-demand storefront in the app.” Read more

 

Costco is the latest retailer to drop Chaokoh coconut milk over allegations of forced monkey labor, PETA says at USA Today. Read more

 

Tiffany and LVMH discuss price cut to settle deal dispute at Fox Business. “The negotiations were based on a price in the range of $131-$134 for each Tiffany share, against the $135 price when the deal was first agreed last November. An agreement at the bottom of that range would save LVMH, led by billionaire businessman Bernard Arnault, about $480 million on the initial $16.2 billion purchase price.” Read more

 

Many NYC bodegas continue to dole out plastic bags with purchases — risking hefty fines — because paper bags are too costly and hard to find at NY Post. “Bodega owners have found that a package of 200 paper bags costs up to $50 compared with $11 for a package of 600 single-use plastic bags, the survey said. Meanwhile, the state won’t let retailers to recoup those expenses. Stores can charge a 5-cent tax for each paper bag they hand out, but that money goes to state and municipal coffers.” Read more

 

Tipsheet Extra

Callaway announces merger with Topgolf

Ex-police captain is fifth eBay employee to plead guilty in harassment scheme

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Hollywood turns to K Street for help during pandemic

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