Friday, July 20th, 2018

Comcast Backs Out of the Bid to Buy Fox
Comcast Press Release

The company stated that it will no longer pursue the acquisition of Twenty-First Century Foxes assets. It plans to now focus its efforts on acquiring Sky.

CNET reports that Fox has already agreed to a $71.3 billion offer from Disney for its entertainment assets.

Grubhub Expands its Operations
Company Press Release

Grubhub announced that it will be expanding to additional markets across 17 states.

The new locations include Santa Barbara California, Reno Nevada, and Spokane Washington.

The expansion looks to help new local restaurant partners with opportunities to reach new audiences.

Target Rolls Out Same Day Delivery
Shipt Same-Day Delivery
Target/Shipt Acquisition Announcement

Shipt, a company that Target acquired last year for $550 million in an all cash deal announced yesterday that it will begin same-day delivery from Morton Williams Supermarket and Target to all five New York City boroughs which are the Bronx, Brooklyn, Manhattan, Queens and Staten Island.

The new service will enable customers to be able to shop for fresh foods and household essentials starting on August 9th.

Starbucks Opens a Sign Language Store
Company Press Release

The company stated that it will hire 20-25 Deaf, hard of hearing and hearing partners from across the United States to work at the Signing Store located in Washington DC.

All employees at the location are required to be proficient in American Sign Language.

The idea to open a Signing Store in the U.S. was inspired by a similar Starbucks Signing Store which opened in Kuala Lumpur, Malaysia in 2016.

The Washington DC location is scheduled to open in October.

Delta Teams up with WestJet
Press Release

Both airlines have entered into a joint venture to offer customers an extensive route network within the United States and Canada.

The partnership will provide extended coverage in Canada and the U.S. with transborder service to more than 30 cities covering over 95% of U.S.-Canada demand.

Burberry Destroys Over $35 Million Worth of Unsold Merchandise
The Times UK

According to the Times UK, the luxury brand destroyed unsold and unwanted merchandise in 2017 in an effort to protect its brand.

The practice of destroying unwanted and unsold merchandise is an effort amongst high-end brands to not sell products at a discount to customers outside of its preferred target market.

The report stated that the company incinerated close to $120 million worth of its products over the past 5 years.