Second-quarter GDP jumps 4.1% for best pace in nearly four years at CNBC. Read more

 

Done Chasing Millennials, J.C. Penney Tries to Win Back Moms by Suzanne Kapner at The Wall Street Journal. “Penney Chairman Ronald Tysoe said the board’s priority is to recruit a CEO with apparel experience…“The challenge is to reinvent, but you don’t want to throw the baby out with the bathwater,” Mr. Tysoe said. “To some extent, we did that.” Subscription

 

Target adds former Walmart exec to supply-chain team by David Clarey at Minneapolis/St.Paul Business Journal. “Gemma Kubat will be Target’s senior vice president of supply chain engineering and activation, starting on Aug. 6. Kubat most recently worked at Walmart Stores Inc. as its vice president of global business services.” Read more | Press release

 

Amazon Second Quarter Sales up 39% to $52.9 Billion Press release

 

Walmart and Capital One Sign Credit Card Program Agreement “Capital One will become the exclusive issuer of Walmart’s private label and co-branded credit card program in the U.S. beginning August 1, 2019.” Press release

 

United Natural Foods will work toward exiting Supervalu’s retail business by Brian Feldt at St.Louis Post Dispatch. “We’re not going to be in the retail business, it’s just not what we do,” (UNF’s CEO) said.” Read more

 

…Supervalu Q1 retail comp sales +0.4% Press release

 

Walgreens Launches Digital Marketplace Listing Providers And Prices by Bruce Japsen at Forbes. Read more

 

**A message from X1 Bike – The amazing Electric Bike that’s amazingly affordable! Up to 35 miles on a single 4-hour charge & a top speed of 20 mph. Folds into the size of a golf bag in 1 second. No license or tag required to use it. GPS tracking, VIN # & alarm for security. Video | Website | Contact

 

Sam’s Club sets up technology hub in downtown Dallas at Talk Business. “Sam’s Club recently hired about 100 employees to work in its new downtown Dallas technology center. The tech employees are now working in South Lake in co-working spaces until the new offices are open at 603 Munger Ave., in the West End section of downtown.” Read more

 

Boot Barn Adds Ex-Petco CEO & Floor & Decor Chief Merchandising Officer to Board Press release

 

RadioShack to Open over 100 New Express Locations “It announced a partnership with HobbyTown last week to bring RadioShack branded electronics to over 60 HobbyTown franchise store locations nationwide. Over time this new RadioShack Express “store-within-a-store” concept will be rolled out to HobbyTown in over 100 of their locally owned stores.” Press release

 

Walmart plans to create 30,000 jobs in India at Economic Times. “Walmart India had signed a memorandum of understanding with the state government to open 15 wholesale Cash and Carry stores. Each store is likely to create 2,000 direct and indirect jobs.” Read more

 

Foods That Target Depression and Anxiety by Kathleen Squires at The Wall Street Journal. “Next month, the World Journal of Psychiatry will publish “Antidepressant Foods: An Evidence-based Nutrient Profiling System for Depression”…The foods richest in (key ingredients) include bivalves such as clams, mussels and oysters; leafy greens such as kale and spinach; wild salmon; organ meats; nuts; beans and seeds.” Subscription

 

US Senate quietly votes to cut tariffs on hundreds of Chinese goods via CNBC. Read more

 

At PillPack, a lot of credit goes to dad by Scott Kirsner at Boston Globe. “…not all of the investors were initially convinced about PillPack’s potential. Frankel says that part of what eventually persuaded them was “the edge that TJ articulated to us. He said, ‘We won’t need to invest in robots; we’re going to use the robots that my dad uses for his eldercare business, use that same [individual dose] packaging, and try this thing out.’” Read more

 

Soaring vanilla prices bring crime, violence, and death to Madagascan farmers, where 80 percent of the world’s vanilla is grown at Reuters. 2:06 video

 

Apple needs to publicize its store device security measures to deter robberies by Ben Lovejoy at 9To5 Mac. “iPhones, iPads and Macs alike are all protected in this way. Once the device goes out of range of the store Wi-Fi, it is automatically bricked.” Read more

 

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