Costco's conundrum, store shifts at Home Depot, and McDonald's sues: Retail news roundup
Plus, a study says California's fast food minimum wage hike didn't cost jobs
McDonald’s is suing Tyson Foods (TSN), JBS, Cargill, and National Beef Packing for allegedly colluding for years to limit beef supplies. Domino $DPZ’s is bringing back its ‘Emergency Pizza’ as it looks to address declining sales. Meanwhile, Amazon $AMZN plans to open new pharmacies in 20 U.S. cities in 2025 to give more customers access to same-day delivery for their prescriptions.
McDonald’s has filed a lawsuit against Tyson Foods (TSN), JBS, and other major meat processing companies, accusing them of colluding for years to limit beef supplies.
Pizza is an emergency. At least, Domino $DPZ’s thinks so. The chain is bringing back its ‘Emergency Pizza’ for a limited time.
California’s new $20 minimum wage law for fast food workers, effective April 1, 2024, raised wages without causing major price increases or job losses, according to a study by the University of California’s Berkeley Institute for Research on Labor and Employment.
Amazon $AMZN (AMZN) wants to give more customers access to same-day delivery for their prescriptions.
McDonald’s is stepping into the regulatory arena alongside the Federal Trade Commission (FTC) to challenge a suspected meat monopoly – an unexpected move that signals a shift in corporate responsibility.
As Costco $COST Wholesale (COST) ventures further into e-commerce, it faces the daunting task of expanding its online presence without sacrificing the unique “treasure hunt” shopping experience that defines its warehouses.
Red Lobster’s new CEO, Damola Adamolekun, boldly declared the “Endless Shrimp” promotion a failure, citing its significant strain on the restaurant’s operations.
In a striking display of shifting consumer behavior, Costco $COST (COST) Wholesale gold bars are disappearing from shelves faster than they can be restocked.
Home Depot $HD (HD) wants its corporate employees to gain insight into the daily challenges faced by its in-store associates.
Panera Bread has reached an agreement with the family of an Ivy League student who tragically passed away after consuming its now-discontinued Charged Lemonade, as first reported by NBC News (CMCSA).
Inflation has taken a bite out of more than just the economy – it’s also gnawing at America’s favorite meal: a burger, fries, and soda.