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FILE PHOTO: A 3D printed TikTok logo is placed on a keyboard in front of U.S. flag in this illustration taken October 6, 2020. President Donald Trump’s August order gave the Justice Department the power to enforce the divestiture order once the deadline expired, but it is unclear when or how the government may seek to compel divestiture. The government had previously issued a 15-day and seven-day extension of the initial 90-day deadline, which was Nov. 12, in Trump’s order. The Justice Department did not immediately respond to requests for comment, while the White House did not comment. The Trump administration contends TikTok poses national security concerns as the personal data of U.S. users could be obtained by China’s government.
Persons: Trump, Dado Ruvic, CFIUS, Donald Trump’s, TikTok, ByteDance, , ” ByteDance Organizations: WASHINGTON, TikTok’s, REUTERS, Department, Foreign Investment, Justice Department, Justice, U.S ., Walmart Inc, Oracle Corp, Reuters, Oracle, Walmart, U.S, Appeals, Apple Inc, Google Locations: TikTok’s U.S, United States, U.S, ByteDance, Washington
The coronavirus pandemic has brought online grocery — a promising but formerly niche industry — to the fore. How well online grocers meet demand during the pandemic will play a major role in determining the top online grocers after the pandemic abates. Next, we examine why the pandemic is popularizing online grocery services and the impact it's already having on adoption. In full, the report:Examines the US online grocery industry prior to the coronavirus pandemic to highlight what was driving the industry's adoption, and what obstacles it faced. Discusses why the duration of the pandemic and online grocers' ability to meet demand will determine the popularity of online grocery after the pandemic subsides.
Persons: Hannaford Organizations: Walmart, Target, Business, Intelligence, Grocers, Bain, Google, Albertsons, Aldi, BJ's Wholesale, Costco, Kroger, Ocado, Walgreens Locations: Grubhub
Now, many DTCs, including Casper, Harry's, and Native, are reversing their initial strategy with wholesale partnerships with major retailers like Target, Walmart, and CVS. Retail partnerships offer DTC brands a way to expand their customer base without the expensive costs of acquiring them through digital ad spend in a crowded market. While you're there you can also pick up a Casper mattress, a stick of Native deodorant, a BarkBox dog toy, and a Quip toothbrush — all DTC brands that were previously online-only. CVS also has a growing number of DTC brands in its stores, like Stryx and Public Goods. CVS also took note of this trend when building out its partnerships with DTC brands.
Persons: Casper, Harry's, , tampons, DTCs, Philip Krim, Krim, Afton Vechery, Vechery, it's financials, Shane Pittson, Pittson, Meghan Knoll, Brian Eason, Consumers aren't, We've, Eason, Morgan Hirsch's, Hirsch Organizations: Target, Walmart, CVS, Goods, Business, Wholesale, Google, Facebook, Growth, Consumer Health, Wellness, Consumers, Public Goods, Public Locations: DTCs, beeline
Jamba has teamed up with Blendid, a robot smoothie maker, to unveil a Jamba by Blendid kiosk at a Walmart in Dixon, California. The menu includes Blendid smoothies, smoothies developed by the partnering companies that were "inspired" by Jamba flavors, and Jamba Boosts. The Blendid kiosk uses an artificial intelligence and machine learning-powered system with a robotic arm, blenders, a refrigerator, and ingredient dispensers. Jamba has teamed up with Blendid, a robot smoothie maker, to unveil the first Jamba by Blendid kiosk. The Jamba by Blendid kiosk is located in a Walmart in Dixon, California.
Persons: Jamba, smoothies, influencer Organizations: University of San, Sonoma State University, Tech Center Locations: Dixon , California, Fremont , California, University of San Francisco, Silicon Valley
9-Year-Old YouTube Star Ryan Kaji Opens Virtual World on Roblox
  + stars: | 2020-12-04 | by ( Sahil Patel | ) www.wsj.com + 0.00   time to read: +5 min
“We don’t need to go buy real estate, but focus on where kids actually are today, which is platforms like Roblox,” Mr. Williams said. With Roblox, “Ryan’s World” will earn revenue when players purchase “gems” that they can exchange for virtual gadgets and other in-game items. One challenge for “Ryan’s World” will be staying relevant as its young star grows older, said Mr. Gahan, the Mekanism executive. Mr. Williams, a former Disney executive, said Pocket.watch aims to replicate the success of “Ryan’s World” with its other YouTube creators. “Ryan’s World” has the largest business of the group, Mr. Williams said.
Persons: Ryan Kaji, Ryan, Ryan Guan, Brendan Gahan, , they’ve, Chris Williams, Mr, Williams, Roblox, Gahan, Pocket.watch, Shion Guan, ” Mr, Guan, Diana, , “ It’s, Sahil Patel Organizations: Walmart Inc, Target Corp, Roblox Corp, Mekanism Inc, Sesame, Pocketwatch, YouTube, Schwarz, Roblox, Disney, Disney Jr, Walmart, U.S . Consumer Locations: Roblox, Culver City, Calif, U.S, sahil.patel
Amazon, Walmart, Dollar General, and CVS, all saw booming profits during the coronavirus pandemic. Hazard pay is additional compensation for performing hazardous duty or work involving physical hardship, in this case, working during the pandemic. Amazon provided what amounted to an average $.95 per hour raise to frontline employees' pay from March through November. CVS and Dollar General also ranked low on the list, with Dollar General ranking the worst. At CVS, the starting wage is $11, and at Dollar General, it's $8, according to the report.
Persons: Hazard, Rachael Lighty, it's Organizations: Brookings Institute, Walmart, Amazon, CVS, Business, Dollar, National Retail Federation, Companies, Target, Employee Relief Fund Locations: COVID, Washington ,
For $98 per year or $12.95 per month, Walmart+ offers a currently short list of benefits to undercut Amazon Prime — a service that costs $119 per year. Walmart also just got rid of the $35 shipping minimum for all orders made by Walmart+ members. Read more: Walmart Plus: Everything you need to know about Walmart's Amazon Prime competitor launching on September 15Whether you're an Amazon Prime member or not, the launch of a competitor service like Walmart+ changes the landscape quite a bit for online shopping. For $98 per year or $12.95 monthly, Walmart+ members receive benefits to rival those of Prime members. Walmart offers a free 15-day trial for you to explore, but if you want answers before enrolling, we've also compiled the three main benefits that Walmart+ offers upon sign-up.
Persons: Read, we've Organizations: Walmart, Amazon
Walgreens joins other retailers in launching a retail media network to capitalize on the growth of ecommerce channel ad spending. And if Big Tech companies like Amazon can shift consumer prescription habits to digital platforms, Walgreens will likely benefit. This week, Walgreens launched its media network Walgreens Advertising Group (WAG), offering ad placements on Walgreens' digital properties and other brand-safe third-party websites. Walgreens looks to capitalize on the $17.37 billion ecommerce channel ad spending market. Retailers are investing in proprietary media networks to capitalize on the growth of ecommerce channel advertising.
Persons: Adweek Organizations: Walgreens, Big Tech, Intelligence, Walgreens Advertising, CVS, Walmart, Target, Amazon Pharmacy, Media, Marketing
Walmart-owned Flipkart sold a percentage of its ownership stake in India-based payments firm PhonePe. PhonePe's move can solidify its leading position in India's payments space. The payments firm recently announced that it reached 100 million monthly active users in October and processed 925 million transactions—helping it grab more than 40% of India's digital payments market. The move can further solidify PhonePe's leading position in India's payments space. Two of Southeast Asia's most powerful players may be banding together—which could lead to significant changes in the markets's growing digital payments market.
Persons: Flipkart, PhonePe's, PhonePe, Sameer Nigam, Paytm, Ant's, GrabPay — Organizations: Walmart, Intelligence, Payments & Commerce, Payments, Commerce, National Payments Corporation, India, Google, Ant Locations: India, PhonePe, Asia, Paytm, China, Indonesia, Singapore
This cost-conscious mentality will be top of mind during the 2020 holiday shopping season, he added. Finding unexpected bargains at stores like Ross and Marshalls also creates what some experts describe as a "treasure hunt experience," another benefit that off-price stores can offer. Ross Stores opened 30 new Ross Dress for Less stores across the US in October. Because of how off-price stores source their merchandise, they can quickly pivot their store offerings to fit changing consumer trends. So far, off-price stores have shown resilience in terms of foot traffic.
Persons: TJ Maxx, Brett Rose, Rose, Amanda Lai, McMillanDoolittle, Ross, Lai, Neil Saunders, Saunders, Shoshy, Z Organizations: Marshalls, JCPenney . Department, Target, Walmart, United National Consumer Suppliers, Ross Stores, TJX Companies, GlobalData, Nordstrom Locations: Ross, Burlington, discounters, athleisure, Ross , Burlington, Marshalls
When soap and water aren't accessible, using hand sanitizer is an excellent method for keeping your hands clean. Retailers such as Amazon, Walmart, or even Office Depot all carry hand sanitizer online, but options frequently sell out. Below, we compiled a list of every place we know that carries hand sanitizer and provided links to as many in-stock options as we could find. To fill the market gap, plenty of smaller brands have started producing hand sanitizer that's just as effective. The top 5 places to buy hand sanitizer onlineIn-stock hand sanitizer optionsThe CDC's recommendations for using hand sanitizerUse hand sanitizer Before and after visiting a friend or loved one in a hospital or nursing home, unless the person is sick with Clostridioides difficile (if so, use soap and water to wash hands).
Persons: sanitizer, you've, it's, We've, Clostridioides Organizations: CDC, Walmart, FDA Locations: COVID
The trend that encapsulates the greatest reshuffling of stakeholder value in recent history is… the Great Dispersion. Read more: COVID-19 threatens to create a 'lockdown generation' in Europe: Here's why young people could be the ones paying for yet another crisisErosion of empathyThe Great Dispersion will create many winners, on several levels. Scott GallowayWhile this dispersion has tangible benefits, it also has the power to erode our weakening ties of community and cooperation. The structural distancing of the Great Dispersion presents an enormous threat to our commonwealth, a further erosion in empathy. This represents a larger trend, the Great Dispersion, and enormous economic opportunities.
Persons: Scott Galloway, Galloway, Levi Strauss, paywalls, We've, it's, Esther Perel, panhandling, Tesla, Jeff Bezos, Read, , Diana Prince, She'll, Scott P.S Organizations: NYU Stern, Amazon, Walmart, Netflix, Scott Galloway Integration, Pfizer, Moderna, Chrysler, Post Locations: America, Europe, Vermont , Alaska, Wyoming, Detroit, Post Corona
As Deadline Lapses, Trump Administration Continues TikTok Talks
  + stars: | 2020-12-04 | by ( David Mccabe | ) www.nytimes.com sentiment -1.00   time to read: +1 min
WASHINGTON — The Trump administration will allow a Friday deadline for TikTok’s Chinese parent company to sell the viral video app to lapse, said a person with knowledge of the decision. But the government will continue to work on a deal that would put a larger slice of TikTok’s ownership in American hands, the person said. The White House ordered the sale of TikTok’s U.S. assets in August over concerns that the app’s Chinese ownership posed a national security risk. ByteDance, the Chinese internet giant that owns the app, embarked on an effort to sell the app to American buyers and satisfy the administration’s concerns. ByteDance had until Dec. 4 to sell the app under a White House order; the deadline had been extended multiple times.
Persons: WASHINGTON, Trump, ByteDance Organizations: White House, Walmart, Oracle Locations: U.S, Beijing
Walmart to spend more than $700 million on new round of employee bonuses
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
FILE PHOTO: A shopper who refused to wear a mask is seen leaving a Walmart store in Bradford, Pennsylvania, U.S. July 20, 2020. REUTERS/Brendan McDermid/File Photo(Reuters) - Walmart Inc said on Thursday it would spend more than $700 million on bonuses as the retailer compensates its U.S. employees for helping meet a surge in demand for essential goods during the COVID-19 crisis. The company, like many supermarket chains, was pushed to hire hundreds of thousands of new hourly workers during the pandemic, incurring billions of dollars in costs to keep stores operating safely. Walmart, which is also the largest employer in the United States, said the additional spending brings the total 2020 quarterly and special bonuses to more than $2.8 billion. The latest bonus announcement includes $319 million in quarterly bonuses paid in November and about $388 million in special cash bonuses to be paid to full-time and part-time associates later this month.
Persons: Brendan McDermid Organizations: Walmart, REUTERS, Walmart Inc Locations: Bradford , Pennsylvania, U.S, United States
LONDON (Reuters) - Sainsbury’s and Aldi will forgo UK property tax relief during the pandemic, following rivals Tesco and Morrisons and taking the total saved by the government from supermarkets to 1.4 billion pounds ($1.9 billion). REUTERS/Neil Hall/File PhotoSainsbury’s said on Thursday it would now pay 410 million pounds in so-called business rates in its financial year to March 2021, and 30 million pounds in the following year. German-owned Aldi said it would pay 100 million pounds. Taking account of the business rates it will now pay, Sainsbury’s forecast underlying pretax profit of at least 270 million pounds in its 2020-21 year. This will push back its target of reducing net debt by at least 750 million pounds in the three years to March 2022.
Persons: Neil Hall, Sainsbury’s, , Simon Roberts, Lidl Organizations: Aldi, Tesco, Morrisons, REUTERS, Analysts, Walmart, Asda Locations: London, Britain, England, Sainsbury’s
LONDON (Reuters) - Sainsbury’s, Asda and Aldi will forgo UK property tax relief during the pandemic, following rivals Tesco and Morrisons and taking the total saved by the government from supermarket groups to 1.74 billion pounds ($2.34 billion). REUTERS/Neil Hall/File PhotoSainsbury’s said on Thursday it would now pay 440 million pounds ($591 million) of so called business rates, while Walmart owned Asda will pay 340 million pounds and German-owned Aldi will pay 100 million pounds. Morrisons followed, saying it would pay 274 million pounds. Taking account of the business rates it will now pay, Sainsbury’s forecast underlying pretax profit of at least 270 million pounds in its 2020-21 year, and over 586 million pounds in 2021-22. Sainsbury’s also repeated its call for the government to review the business rates system to create a more level playing field between physical and online retailers.
Persons: Neil Hall, Sainsbury’s, Tesco, Simon Roberts, Roger Burnley, Ken Murphy, , Murphy, Discounters, John Lewis, Boris Johnson Organizations: Asda, Aldi, Tesco, Morrisons, REUTERS, Walmart, Sky News, Waitrose, John, John Lewis Partnership, British Locations: London, Britain, England, Sainsbury’s
UK food retailers hand back $2.4 billion in property tax relief
  + stars: | 2020-12-03 | by ( James Davey | ) www.reuters.com + 0.00   time to read: +3 min
LONDON (Reuters) - Sainsbury’s, Asda, Aldi and B&M will forgo UK property tax relief during the pandemic, following rivals Tesco and Morrisons and taking the total recouped by the government from retailers to 1.8 billion pounds ($2.4 billion). REUTERS/Neil Hall/File PhotoBritain’s supermarket groups have seen sales soar during the pandemic, but have been criticised by lawmakers and media for paying shareholder dividends while receiving tax relief. Sainsbury’s said on Thursday it would now pay 440 million pounds of so-called business rates, while Walmart owned Asda will pay 340 million pounds and German-owned Aldi will pay 100 million pounds. Discounter B&M later said it would forego business rates relief worth around 80 million pounds in its current financial year. “With regional restrictions likely to remain in place for some time, we believe it is now fair and right to forgo the business rates relief,” CEO Simon Roberts said.
Persons: Neil Hall, Sainsbury’s, Tesco, Simon Roberts, Roger Burnley, Ken Murphy, , Murphy, discounter Lidl, John Lewis, Boris Johnson Organizations: Aldi, Tesco, Morrisons, REUTERS, Walmart, Asda, Sky News, Waitrose, John, John Lewis Partnership, British Locations: Asda, London, Britain, England
Walmart, Like Amazon, to Pay Holiday Bonuses to U.S. Workers
  + stars: | 2020-12-03 | by ( Sarah Nassauer | ) www.wsj.com + 0.95   time to read: +1 min
Walmart said it would pay $300 cash bonuses to full-time workers and $150 bonuses to part-time associates in the U.S. on Dec. 24. Last week, Amazon.com said it would pay a round of cash bonuses to its employees. Walmart also paid $319 million in regular quarterly bonuses on Nov. 24, which the company has long paid employees based on store performance. Including typical quarterly bonuses, Walmart said it has paid more than $2.8 billion in cash bonuses this year. The company said about 1.5 million workers will get the latest bonuses, including staff at Walmart stores and distribution centers and its Sam’s Club warehouse chain.
Organizations: Walmart Inc, Amazon.com Inc, Walmart, Amazon.com Locations: U.S
Kroger Reports Strong, But Slowing, Sales Growth
  + stars: | 2020-12-03 | by ( Jaewon Kang | ) www.wsj.com sentiment -0.91   time to read: +1 min
Sales growth at Kroger Co. slowed during the latest quarter despite people eating mostly at home, illustrating mounting competition among food sellers to reach consumers during the coronavirus pandemic. The nation’s biggest supermarket operator posted 14.6% growth in same-store sales during the prior quarter. Other food sellers have also indicated recently that big sales gains are slowing. Walmart Inc. said in November that its comparable sales rose 6.4% in their latest quarter compared with 9.3% the quarter prior. Kroger and other supermarkets have generated strong sales this year to people staying and cooking at home.
Persons: Kroger Organizations: Kroger Co, Walmart Inc, Costco Wholesale Corp, Kroger
Walmart's Flipkart to partially spin off digital payments business
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +1 min
FILE PHOTO: The logo of India's e-commerce firm Flipkart is seen in this illustration picture taken January 29, 2019. REUTERS/Danish Siddiqui/IllustrationNEW DELHI (Reuters) - Walmart Inc-controlled Indian e-commerce firm Flipkart said on Thursday it was partially spinning off PhonePe in a move aimed at widening the digital payments platform’s access to capital to fuel its growth. PhonePe, which competes with Alibaba-backed homegrown payments pioneer Paytm and GooglePay, will raise $700 million in primary capital, Bengaluru-based Flipkart said in a statement. The funds will be raised at a post-money valuation of $5.5 billion from existing Flipkart investors led by Walmart, the statement said. PhonePe has more than 100 million monthly active users which helped it clock nearly one billion digital payment transactions in October.
Persons: Danish Siddiqui, Flipkart, PhonePe Organizations: REUTERS, Danish, NEW, Walmart Inc, Walmart Locations: NEW DELHI, Bengaluru
Walmart's Flipkart to spin off digital payments business
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97   time to read: +2 min
NEW DELHI (Reuters) - Walmart Inc-controlled Indian e-commerce firm Flipkart said on Thursday it was partially spinning off PhonePe to widen the digital payments platform’s access to capital to fuel its growth. FILE PHOTO: The logo of India's e-commerce firm Flipkart is seen in this illustration picture taken January 29, 2019. REUTERS/Danish Siddiqui/IllustrationPhonePe, which competes with Alibaba-backed home-grown payments pioneer Paytm and Google Pay, will raise $700 million in primary capital, Bengaluru-based Flipkart said in a statement. The fintech firm has more than 100 million monthly active users which helped it clock nearly one billion digital payment transactions in October. That rapid growth in fintech has driven India’s flagship payments processor, the National Payments Corp of India (NPCI), to cap the share of digital transactions some companies can account for.
Persons: Flipkart, Danish Siddiqui, Sameer Nigam, PhonePe, Nigam Organizations: Walmart Inc, REUTERS, Danish, Google, Walmart, , Facebook Inc, National Payments Corp of India, Facebook, Payments, Paytm Locations: DELHI, Bengaluru, fintech
NEW DELHI (Reuters) - PhonePe, the digital payments unit of Walmart’s Indian e-commerce arm Flipkart, said on Thursday it would sell a stake to existing investors for $700 million, helping it fuel growth in a crowded market that includes Google and Amazon . FILE PHOTO: The logo of India's e-commerce firm Flipkart is seen in this illustration picture taken January 29, 2019. REUTERS/Danish Siddiqui/IllustrationPhonePe’s fundraising, from Flipkart investors led by Walmart, will give it a valuation of $5.5 billion, the company said in a statement. The fintech firm has more than 100 million monthly active users which helped it clock nearly one billion digital payment transactions in October. That rapid growth in fintech has driven India’s flagship payments processor, the National Payments Corp of India (NPCI), to cap the share of digital transactions some companies can account for.
Persons: Danish Siddiqui, PhonePe, Sameer Nigam, Binny Bansal, Nigam Organizations: Google, REUTERS, Danish, Walmart, Flipkart, , Facebook Inc, National Payments Corp of India, Facebook, Payments, Paytm Locations: DELHI, India, fintech
E-Commerce Strength Boosted November Retail Sales
  + stars: | 2020-12-03 | by ( Matt Grossman | ) www.wsj.com sentiment -0.99   time to read: +1 min
U.S. retail spending edged higher last month despite the continuing coronavirus pandemic as a surge in online shopping boosted sales, according to data from Mastercard Inc. The data, which cover cash and check payments as well as credit cards, show that consumer spending rose 3.1% year over year in November, excluding car sales. Excluding gasoline as well, spending rose 5.1%, according to Mastercard. As shopping continues to shift online during the public-health crisis, e-commerce spending rose by 53% compared with last November to make up 18% of the month’s total retail sales, excluding cars. Holiday shopping—more of which took place before Black Friday this year—drove a portion of the November spending growth, according to Mastercard.
Persons: Organizations: Mastercard Inc, Mastercard, Shoppers, Walmart Inc, Target Corp, Depot Inc
LONDON (Reuters) - For Big Oil, coffee and chocolate could be the new black gold. Europe’s big oil firms, however, have another card to play: their vast global networks of filling stations. While the so-called marketing operations of big oil firms - retail sales of fuel, lubricants, groceries and TV dinners - usually contribute a smaller slice of profits than oil and gas production, they typically have higher margins. Total’s Chief Financial Officer Jean-Pierre Sbraire told investors in October that retail sales in Europe were back at pre-pandemic levels in the third quarter, even though fuel sales remained very weak. “Retail is the only thing in the oil and gas value chain that gets you closer to the customer.
Persons: Regis, Huibert, , Emma Delaney, Jean, Pierre Sbraire, Delaney, BP’s, Shell, Vigeveno, Mirko Rubeis, ” Delaney, Spencer, Jamie Oliver, Uber, Shell’s Vigeveno, , Boston Consulting Group’s, ” Rubeis Organizations: REUTERS, Royal, Shell, EV, Shell . U.S, Walmart, BP, Reuters, Boston Consulting Group, Tesco, Boston Consulting Locations: Latresne, Bordeaux, France, Europe, Shell ., , China, Britain, British, United States, Carrefour
Echelon Fitness is capitalizing on demand for its at-home stationary bicycles that are both cheaper and more readily available than Peloton products, which remain mired in supply chain delays. "When the pandemic hit, we were ready," Echelon CEO Lou Lentine told Business Insider. As the self-proclaimed "most formidable competitor of Peloton," Echelon Fitness is doubling down on its same-day delivery proficiency, available inventory, and comparative affordability in its quest to beat out the luxury fitness brand that remains plagued with supply chain issues amid increased demand from shoppers. In September, the brand reported a sales increase of 700% year-over-year, buoyed by partnerships with major retailers like Dick's Sporting Goods and a rise in demand for at-home fitness products during the pandemic. Today Echelon products sell in more than 3,500 retail locations including Walmart, Sam's Club, and Costco stores, and is slated to sell in a total of 7,000 in 2021.
Persons: Lou Lentine, Lentine Organizations: Business, Amazon, Dick's Sporting Goods, Costco, Visit, QVC, Sporting Goods, Echelon, Walmart, Sam's, Amazon Prime
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