Published on: November 19, 2021
With brief, occasional, italicized and sometimes gratuitous commentary…
• GeekWire reports that "Amazon is taking plastic liners, bubble bags, and some of the consumer guilt out of grocery deliveries.
"The company says it has created new packaging for cold and frozen foods that is made from recycled paper, and can be recycled in curbside bins. It rolls out starting this month for Amazon Fresh and Whole Foods grocery deliveries.
"The packaging is also produced in different regions of the United States, closer to the locations that will use it, further reducing the environmental impact, says Stephenie Landry, vice president of Amazon’s grocery business, in a post announcing the new packaging."
The move, the story says, is "part of Amazon’s Climate Pledge to reach net-zero carbon emissions by 2040. It’s also part of a larger effort by the company to shift to recyclable packaging."
• The Wall Street Journal reports that "Macy’s Inc. said it hired consulting firm AlixPartners to evaluate whether it makes sense to spin off its e-commerce operations, a move that comes amid pressure from an activist investor to separate the fast-growing digital segment from the department-store chain’s physical stores.
"Macy’s Chief Executive Jeff Gennette said in an interview Thursday that the company, along with its board and advisers, had previously looked at whether it made sense to split its digital business from its physical stores. 'What’s new now is the market is assigning huge value to e-commerce businesses,' Mr. Gennette said. 'We wanted one more time to pressure test our assumptions and analysis.'
"He said it was too early to tell what the results of the analysis would be, but said it would hinge on whether a separation would yield additional shareholder value beyond Macy’s current strategy."
Shareholder value … but not, it seems, customer value. Maybe I'm wrong, but if this happens, it seems completely designed to put money in investors' pockets, which is not necessarily the same things as making Macy's more viable and innovative long-term in its ability to deliver a more complete shopper experience.
But then again, maybe Macy's wasn't doing that anyway, and so cashing out is the only way out.