Costco's luxury favorites, Walmart's big bet, and McDonald's egg promise: Retail news roundup
Costco and bulk-buying go hand-in-hand, but the retailer won’t sell just anything – although its wealthier shoppers have a big love for Rolex watches and even Porches. Walmart may have lost its revenue crown to Amazon, but it’s flexing its muscles to compete, all while winning favor with President Donald Trump. McDonald’s says it has cracked the code and won’t raise egg prices for customers, at least for now. Meanwhile, Target put DEI on the chopping block – only to push shoppers away. Check out these stories and more in this week’s roundup.
A Costco executive on the luxury items its wealthy customers love
Costco (COST) is best known for its no-frills, bulk-buying experience, but the warehouse giant also moves a surprising amount of luxury goods.
Walmart’s bold bet to beat Amazon and win Trump’s favor
Walmart (WMT) is betting big it can win over affluent shoppers, outpace Amazon (AMZN), and gain favor with President Donald Trump.
McDonald’s says it won’t charge extra for eggs
McDonald’s is bucking the trend of rising egg prices – at least for a limited time.
Target put DEI on the chopping block. Then fewer customers showed up
Target (TGT) announced it was scaling back its Diversity, Equity, and Inclusion (DEI) efforts one month ago. Now, the retail giant is seeing a rapid decline in store visits.
Papa John’s is beating Domino’s in the pizza wars
Papa John’s is gaining ground in the competitive pizza market, outperforming Domino’s as the latter struggles with a tough macroeconomic environment.
Will Trump spare restaurants from tariffs?
The restaurant industry is on edge, urging President Donald Trump to exempt food and beverage imports from a proposed round of tariffs set to take effect on March 4, which could cost the sector $12 billion.
Generic brand groceries are winning big as inflation makes a comeback
Inflation is hitting consumers hard, and both grocery shoppers and restaurants are feeling the squeeze.
Ben & Jerry’s founders eye a sweet deal to reclaim their brand from Unilever
Ben & Jerry’s (UL) founders, Ben Cohen and Jerry Greenfield, are reportedly in talks to buy back their namesake ice cream brand from Unilever.
Starbucks is laying off more than 1,000 workers
Starbucks is laying off 1,100 corporate employees as part of an effort to streamline operations and focus on its core business, CEO Brian Niccol said in a statement on Monday.
Subway is bringing back the discounted footlong. Here’s what you get for $6.99
Restaurants continue to respond to price-weary consumers with value meals and deals. The latest to entry the fray: Subway.