Walmart to pay $428 Million more in associate bonuses – will close Walmart U.S. stores on Thanksgiving Day this year “The bonus will be $300 for full-time hourly associates and $150 for part-time hourly and temporary associates. Drivers, Managers and Assistant Managers in stores, clubs, DCs, FCs and Health & Wellness will also receive a bonus.” Press release

 

Amazon officially delays Prime Day in the U.S. until sometime later this year at TechCrunch. “It will also host a Prime Day in India next month, from August 6 through August 7.” Read more

 

Men’s Warehouse owner Tailored Brands plans to shut 500 stores, cut 20% of corporate workforce at CNBC. “It also announced that its current CFO, Jack Calandra, will depart the company on July 31. In the near term, it said Calandra’s responsibilities will be divided between its CEO and Holly Etlin, a managing director at AlixPartners who has been appointed to a new chief restructuring role for Tailored Brands.” Read more

 

Coach parent Tapestry names Joanne Crevoiserat interim CEO as Jide Zeitlin resigns at MarketWatch. Read more

 

Amazon expands its robot delivery trials to more states at The Verge. “Scout is now undergoing trials in Atlanta, Georgia and Franklin, Tennessee, Amazon announced today. It’s unclear how many robots are on the road and how many customers Scout is serving.” Read more

 

Big Lots Appoints Jack Pestello as Chief Merchandising Officer “At Walmart, he most recently served as SVP and General Merchandise Manager for Walmart’s Grocery business, after having spent five years as SVP, Private Brands…(Big Lots) now expects comparable sales in the second quarter of fiscal 2020 to be at the high end of its previously communicated guidance of a mid-to-high twenties percentage increase.” Press release

 

Aldi to open 70 new stores by year’s end at Fox Business. Read more

 

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Malls are dying, but Nordstrom has no intention of being dragged down with them at Fortune. “It’s really an acceleration of pre-COVID trends,” Erik Nordstrom, chief executive and the great-grandson of the retailer’s founder, tells Fortune. “We really don’t think of ourselves as a mall-based department store.” Read more

 

Dollar Tree, Family Dollar reverse decision to require masks at all stores at USA Today. Read more

 

Walmart, Target, and CVS team up to reinvent single-use plastic bags at Fast Company. “The three companies are leading the new initiative with Closed Loop; Kroger and Walgreens have signed up as well. With $15 million in promised investments, the partners are inviting entrepreneurs and inventors to pitch new ideas to replace the 100 billion plastic bags still used in the United States every year.” Read more

 

Hibbett Provides Q2 Sales Update – Q2 Comp Sales Are Forecasted to Increase in Excess of 70% Press release

 

Dollar Tree Announces Planned Leadership Succession “Michael Witynski…has been promoted to President and Chief Executive Officer. Gary Philbin…who joined Dollar Tree in 2001 and became CEO in 2017, is retiring…” Press release

 

Target’s fresh grocery pickup service expands to 1,000-plus stores in 47 states at USA Today. Read more

 

Lowe’s taps Ford Motor vet for a new role at Chain Store Age. “Lisa Schoder will join the home improvement retailer in a new role as VP, integrated media and partnerships, effective August 10. She will report Marisa Thalberg, executive VP, chief brand and marketing officer…” Read more

 

Tipsheet Extra

Forbes: America’s Best Sports Cities 2020

Nearly 4 in 10 Consumers Are Currently Boycotting a Company

Sony to limit PlayStation 5 sales to one per customer

Wegmans Pivots Again on Store Openings

Woman urinates in-store after refusing to wear face mask

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