Costco's DEI defense, Walmart's DEI backlash, and AI in fast food: Retail news roundup
Costco (COST) is sticking to its diversity, equity, and inclusion (DEI) commitments, while Walmart faces backlash from investors over its DEI pullback. Walmart is also venturing into luxury resale, now selling brands like Chanel and Prada online. Meanwhile, the U.S. Food and Drug Administration (FDA) has banned red dye No. 3 in food and drinks after concerns about its cancer risk and effects on children’s behavior. The dye, found in candy and cereals, has been controversial for decades.
Costco is holding the line on DEI
At a time when many large U.S. companies are scaling back their diversity, equity and inclusion (DEI) efforts, Costco is standing firm in its commitment to these initiatives.
Walmart investors are slamming its DEI retreat as ‘disheartening’
Walmart’s (WMT) in hot water. More than 30 shareholders, representing $266 billion in assets, are demanding answers over the company’s rollback of its diversity, equity, and inclusion (DEI) efforts.
Walmart is selling Chanel, Fendi, and Prada. Here’s why that matters
Walmart (WMT) is making a big push into the luxury market and has tapped resale platform Rebag to attract wealthier shoppers.
The FDA bans red dye No. 3 in food. Here’s what that means
The U.S. Food and Drug Administration (FDA) on Wednesday banned red dye No. 3 in food and beverages, decades after studies found it can cause cancer in lab rats. The synthetic dye, commonly found in candy, milkshakes, and cereal, has also raised concerns about its potential impact on children’s behavior.
McDonald’s, Wendy’s, and 4 more chains using AI to feed you faster
Big Food is entering the AI lane.