Target is the store you can’t walk into without dropping $120 on tooooootally necessary housewares, clothes and snacks. And Pinterest is the website you can’t log onto without losing hours of your life in a sea of inspirational quotes and wedding paraphernalia.
So in an act only the most shrewd retail genius could concoct, the two highly addictive brands are joining to create the alpha and omega of holiday shopping.
Lego my LEGOs
Back in May, SAP executive Thomas Langenbach was charged with stealing and reselling thousands of dollars worth of Legos. The Valley hotshot used technology developed at SAP to create new barcodes, which he pasted overtop the barcodes of his stolen treasures. The new barcodes were encoded with much lower prices, so he could buy the Legos at a discount and resell them online. With the beloved building blocks he kept, Mr. Lagenbach also assembled a mini Legoland inside his mansion.
Citing unnamed sources and an internal memo, Reuters reports that Walmart will stop selling Amazon.com’s Kindle line of tablets and e-readers. According to Reuters the memo said Walmart’s decision was in keeping with its general marketing strategy.
Target Corp. ceased selling Amazon devices last Spring, after deciding Amazon’s sales tactics were working against the retailer’s best interests.
Tap It To Me
Before most consumers have gotten around to downloading a single mobile payments app onto their smartphone, a consortium of a big chain stores are preparing to push out yet another alternative. The Wall Street Journal reports that Walmart, Target, 7-Eleven, Best Buy, CVS, Sunoco, and more are in the early stages of developing a horribly-named payments network called Merchant Customer Exchange (MCX), which will let users pay with a tap of their phone.
Rather than go the Starbucks route and partner with Square or follow other national retailers (like Duane Reade, RadioShack, Banana Republic, etc.) into Google Wallet, the group is going rogue, arguing that Google and other telecom providers–AT&T and T-Mobile have a payments app called Isis; Verizon and Vodafone have one as well–don’t understand customers like they do. The retailers behind MCX point out that they have a combined $1 trillion in annual sales and “serve nearly every smartphone user in the U.S.”