Retail Touchpoints
Bloomingdale’s plans to launch a “try before you buy” online subscription rental service in September. The service, called My List at Bloomingdale’s, will be available to shoppers for a flat monthly fee of $149. The retailer joins a list of others now offering subscription services, including Amazon, Urban Outfitters, Express, Ann Taylor, New York & Co. and American Eagle.
Cincinnati Business Courier
Procter & Gamble Co. spent $6.751 billion on advertising in the recently ended fiscal year, or about $352 million less than the previous year, according to a filing with the U.S. Securities & Exchange Commission. CEO David Taylor told analysts the company is spending smarter to reach a more targeted audience. Ad spend was cut, in part, by reductions in agency compensation and by reducing the number of times a consumer sees the same digital ad, the Cincinnati Business Courier reports.
New York Magazine
"Can You Indemnify Against Dick Pics?" asks this long New York magazine post that discusses Spotted Risk, a start-up that aims to sell scandal insurance to those who work with celebrities and influencers. Spotted also plans to develop reputational insurance -- "like disgrace insurance, but for companies instead of people," which "would cover all risks to a company’s image, from cyberterrorism to product recalls to a CEO’s dismissal over expensing visits to brothels. It makes sense; one recent report found that reputational damage is the No.1 risk that companies fear."
Chicago Tribune
Walgreens is closing 200 U.S. stores and CVS Health said it will slow the pace at which it opens new locations. “For pharmacies, which also face pressures related to reimbursements for medication, getting customers to come in once a month for a prescription refill, or for an occasional gallon of milk or bottle of shampoo isn’t enough,” reports the Chicago Tribune. “Walgreens and CVS are both trying to give customers more reasons to visit their stores by offering more health services and better merchandise.”
The Hollywood Reporter
Los Angeles residents will be able to purchase lunch, gasoline, makeup applications, shoeshines, movie tickets and hotel rooms at 1959 prices on Aug. 15, which Amazon Prime is calling “Maisel Day.” It’s part of an Emmy push for Amazon Prime's "The Marvelous Mrs. Maisel." More than 25 L.A.-area businesses will partner with the streamer to offer the discounts in celebration of the hit show that landed 20 Emmy nominations its second season, the most for any comedy this year.
Business Insider
The company behind Arizona Iced Tea is reportedly getting into the marijuana business. Arizona Beverage Co. has reached a licensing deal with cannabis company Dixie Brands Inc.,
The Wall Street Journal reported on Wednesday. It would make Arizona one of the first big beverage brands in the country to begin selling marijuana products, which could include vape pens, dummies and a variety of beverages.
New York Post
Isaac Larian, the head of MGA Entertainment, the company behind Bratz dolls, has tried to buy Barbie maker Mattel three times. Since that didn’t work, he’s going after his rival’s employees. “Attention #Mattel employees Mattel Inc. We are HIRING,” the MGA CEO wrote on his Linkedin profile last week, according to the New York Post. The toy makers have been embroiled in litigation over the past dozen years after a Mattel designer joined MGA and helped to launch the Bratz brand.
Drug Store News
Retailers have already started bringing out the Halloween merchandise (can we at least get past Labor Day?) and Skittles is jumping on the bandwagon. The candymarker, which is part of the Mars portfolio, will be introducing Zombie Skittles, featuring flavors like petrifying citrus punch, mummified melon, boogeyman blackberry, chilling black cherry and blood red berry. “Hidden beneath the candy shell of select pieces, rotten zombie is a flavor that will only reveal itself once the consumer has begun to chew on the product,” according to Drugstore News.
Newsweek
Barneys New York filed for bankruptcy protection with the goal of restructuring its business model while actively pursuing a sale. The high-end retailer will close 15 of its 22 locations, including stores in Chicago, Las Vegas and Seattle. Payless ShoeSource, Charlotte Russe, Diesel, FallBeauty Brands, Gymboree, Innovative Mattress Solutions, Roberto Cavalli, Shopko, Things Remembered and Z Gallerie have also filed for bankruptcy in 2019.
Afar
San Francisco Airport has banned the sale of single-use plastic water bottles. Travelers will need to purchase recyclable glass or aluminum water bottles at the airport. “We’re the first airport that we’re aware of to implement this change,” SFO spokesman Doug Yakel
told the San Francisco Chronicle. “We’re on the leading edge for the industry, and we want to push the boundaries of sustainability initiatives.”