Sam’s Club Partners with Instacart to Offer Delivery, Bank of America Plans to Open 500 Branches, and WeWork Forecasts a $2.3 Billion Revenue Run Rate, plus a few more stories for February 28th, 2018

Today’s Wednesday February 28th, 2018 and here’s your HEADSTART on the latest business headlines. Coming up:

- Sam’s Club Partners with Instacart to Offer Delivery

- Bank of America Plans to Open 500 Branches

- WeWork Forecasts a $2.3 Billion Revenue Run Rate

We’ll have all of these stories and more in the next 7-minutes or less.

Sam’s Club Partners with Instacart to Offer Same-Day Delivery

https://www.businesswire.com/news/home/20180226006722/en/

Sam’s Club members in Austin, Dallas-Fort Worth, and St. Louis are soon going to be able to order same-day grocery delivery courtesy of Instacart.

Under the partnership, Sam’s Club customers will be able to virtually order goods such as produce, meat, and frozen foods and have it delivered by Instacart in less than 1-hour.

Instacart customers will be able to purchase their groceries from Sam’s Club without a membership.

Sam’s Club is a division of Walmart. The company joins other grocers such as Costco, and Krogers in partnering with Instacart to compete against Amazon in the last-mile delivery space.

Walmart Launches a Few Private Apparel Brands

https://uk.reuters.com/article/us-walmart-clothing/walmart-to-launch-new-private-label-clothing-brands-idUKKCN1GB1UC

https://www.l2inc.com/daily-insights/amazon-has-more-private-label-brands-than-you-think

Walmart is getting ready for the spring apparel buying season by launching its own line of private apparel.

The company introduces four new apparel private brands for women, men and kids and will be available online and in-store on March 1st.

Walmart has increased its offerings in competing with tech giant Amazon. According to a report by L2 last December, Amazon has steadily increased its private brand offerings to 41 labels ranging from CPG, to Electronics, to Apparel.

Starbucks Reserve Opens in Seattle

https://www.businesswire.com/news/home/20180227005509/en/

Starbucks Reserve, a new store format dedicated to its Premium Reserve Brand, launches its First Reserve store in its Seattle headquarters. The new premium retail format introduces a marketplace-style environment offering elements of its immersive Reserve Roasteries and freshly baked artisanal Italian foods from Rocco Princi.

The company plans to launch 1,000 stores globally as part of its investment in bringing the Reserve experience to more markets.

Disney Announces a Major Expansion of Disneyland Paris

https://www.prnewswire.com/news-releases/disney-announces-transformative-multi-year-expansion-for-disneyland-paris-300604891.html

Disney announced in a press release that it will expand Disneyland Paris in a multi-year plan that will cost $2 Billion.

The expansion is expected to transform the Walt Disney Studios Park, and add three new areas based on Marvel, Star Wars, and Frozen.

According to CEO Bob Iger, "The resort is already the leading tourist destination in Europe, and the transformative expansion we announced today will add even more of our beloved characters and unparalleled storytelling to create new lands, attractions and entertainment that further elevate the guest experience and drive new opportunities for tourism in this dynamic region."

Bank of America Plans to Open 500 New Branches by 2022

https://www.finextra.com/newsarticle/31737/bofa-to-open-500-new-branches

Bank of America continues to expand and invest in physical and digital enhancements. It announced that over the next four years it plans to open 500 new branches.

According to Finextra, included with the expansion is the renovation and redesign of 1,200 existing locations to facilitate new technology trends.

The bank plans to hire 5,400 new employees as part of the expansion.

Apple Launches Medical Clinics for Employees

https://www.cnbc.com/2018/02/27/apple-launching-medical-clinics-for-employees.html

The tech giant has quietly launched its primary care clinic for its employees. AC Wellness, will be available to the company’s employees at two locations in Santa Clara County in California.

According to CNBC, the company is advertising for doctors, health coaches and "designers" to create a program to promote healthy behavior.

This announcement comes after Amazon’s recent partnership with JP Morgan and Berkshire Hathaway to offer health care for its employees.

WeWork Forecasts $2.3 Billion Revenue Run Rate

https://www.wework.com/blog/posts/wework-celebrates-8th-birthday

WeWork, the co-working giant, expects to grow its revenue run rate to $2.3 Billion by the end of this year, that’s according to a company blog post.

The company previously had a target run rate of $1 Billion is 2017, in which it hit the mark.

WeWork plans to double its total membership to 400,000 by the end of 2018. The company also stated that they plan to have a global footprint of 400 buildings spread across 83 cities and 27 countries by the end of this year..

Economic reports:

GDP (Gross Domestic Product) for the 4th quarter of 2017

EIA Petroleum Status Report (The Energy Information Administration Petroleum Status Report) for the week of February 23rd

Earnings reports:

Box Inc.

Salesforce, Inc.

TJX Companies

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And those are the headlines for the day. All the story sources are linked in today’s episode. If you found value from this, we’d love to have you share it with a friend.

And before we let you go, we just wanted to say that you just got a Headstart - now go ahead and make today amazing!

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