CNN Money
Under a five-year deal, Walmart will boost its use of Microsoft's cloud services and work with the tech firm on artificial intelligence and machine learning projects. The agreement will help both companies take on Amazon. Walmart has been pushing aggressively to transform its digital operations in order to compete with online rivals. Cloud computing is one of the few areas where Microsoft competes with Amazon.
The New York Times
Faced with potential lawsuits from hundreds of victims of last year’s mass shooting in Las Vegas, MGM Resorts International is trying an untested strategy: suing the victims first. The company’s aggressive legal approach, which stirred outrage on social media Tuesday, turns on an interpretation of federal law. MGM is not suing for money, but the company wants a federal court to rule that it cannot be held liable for the shooting.
Associated Press
CVS Health is apologizing after a black customer says white store managers in Chicago accused her of trying to use a phony coupon. Camilla Hudson posted cellphone video of one of the managers appearing nervous. Morry Matson’s left hand shakes as he calls police around 11:30 p.m. Friday. Matson is running for Chicago City Council and was a state delegate for Donald Trump’s 2016 presidential campaign.
Chain Store Age
Amazon is on pace to capture 49.1% of the market, up from a 43.5% share last year, according to eMarketer’s latest forecast on the top 10 U.S. e-commerce retailers. Amazon’s closest competitor is eBay, with 6.6% of the market, followed by Apple (3.9%.) and Walmart (3.7%). Amazon controls nearly 5% of the total U.S. retail market (online and offline), and will generate $258.22 billion in U.S. retail e-commerce sales this year.
New York Post
Hudson’s Bay shoppers can no longer find the Ivanka Trump brand on the company’s website, and by the fall it will be completely gone from its 90 stores. The decision to yank the controversial clothing line— there have been boycotts against the brand in the U.S. and in Canada for some time — was based on its “performance,” Hudson’s Bay said in a statement. The Toronto-based company also owns Saks Fifth Avenue and Lord & Taylor.
Retail Dive
J. Crew is partnering with Universal Standard, a women’s apparel brand specializing in inclusive sizes, for summer and fall collections. The apparel line — which includes a range of tops, dresses, skirts and pants — will be available in sizes up to 5x. Four years ago, J. Crew was slammed for its attention to skinny sizes after it unveiled a triple zero, which the company then said was in response to demand in its Japan market.
GM Authority
General Motors sees a $15 billion profit opportunity in a group of three businesses that are auxiliary to GM’s core business that include GM Financial, OnStar and aftersales. “We continue to capitalize on these opportunities and see significant growth potential going forward, across all three [adjacent businesses]”, said GM CFO Chuck Stevens at the 2018 Deutsche Bank Global Auto Industry Conference.
Page Six
Jerry Della Femina—the ad great who allegedly inspired “Mad Men”—has pulled his weekly column from the Independent after 23 years, Page Six has learned. The problem began this month when the paper’s new editor questioned the use of the phrase “handicapped midget.” The column has regularly blasted local officials. Della Femina plans to post the column on Facebook with the hopes of a soliciting a new publication to carry it.
Chicago Tribune
The event allowed members of the chain’s rewards program to create a stuffed animal in its stores and pay a price matching their current age. The crowds were so overwhelming that the chain said it either closed stores or cut off lines at its stores in the U.S. and Canada “per local authorities … due to crowd and safety concerns.” The company said it issued vouchers for a future purchase to customers who remained in line.
NYSportsJournalism.com
The 2018 MLB All-Star Game presented by MasterCard will air on Fox on July 17, but the network’s plethora of camera won’t be the only ones capturing the action in Nationals Park in Washington. Fox Sports said it also plans to chronicle the action “through the lenses of 100,000 cameras and thousands of fans across the country,” to be compiled in “100,000 Cameras: MLB All-Star Game,” a documentary.