McDonald's sells Krispy Kreme, GameStop struggles, and Chipotle's avocado robot: Retail news roundup
Plus, H&M gets a boost, and Chick-fil-A backtracks on antibiotics in chicken
Home Depot is getting into roofing with its biggest deal ever. An Hermès expert says the coveted bags are worth more than gold. Trader Joe’s is raising the price of its bananas for the first time in twenty years.
Meanwhile, McDonalds and Krispy Kreme are linking up to sell doughnuts, and Chick-fil-A is backtracking on antibiotics in chicken.
Check out those and more retail news highlights.
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Home Depot wants to be a major handyman. The largest home improvement retailer is spending $18.25 billion in its biggest deal ever.
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BJ’s Wholesale Club is planning a modest expansion in areas of the Southeast and Midwest in an effort to increase its footprint and consumer base.
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The coveted Hermès Birkin bag has long been touted as a valuable investment. Now an Hermès expert says the luxury purses are even more valuable than gold.
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Inflation is gnawing at practically everything. This time, it’s taking a bite out of one of Trader Joe’s most popular food items: bananas.
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Breakfast at McDonald’s is about to get much — much — sweeter. The Chicago-based fast food chain is expanding its partnership with Krispy Kreme. By the end of the year, McDonald’s will offer three types of Krispy Kreme doughnuts.
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Restaurant owners in California are scrambling to reduce expenses ahead of a new California law that will increase the minimum wage for fast food workers to $20 an hour on April 1.
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Chick-fil-A is making changes to its chicken — again. The fast food chain plans to use some antibiotics come this Spring.
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Burrito bowls at Chipotle may start to look drastically identical thanks to artificial intelligence. The restaurant chain has plans to deploy an avocado robot.
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Beloved ketchup maker Kraft Heinz is going green — not in color. Don’t worry. Those days are over, at least for now. Instead, the American multinational food giant is planning a sweep of infrastructure changes to 10 of its U.S. plants.
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Shares of Hennes & Mauritz, better known as H&M, jumped by more than 15% after the company reported better-than-expected first quarter results. It turns out that shoppers are still interested in looking good for the Spring.
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Walgreens Boots Alliance posted second-quarter earnings that beat Wall Street expectations but even so, the pharmacy giant has a long road ahead of it as it looks to be profitable. warned of a “challenging” retail environment.
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GameStop Corp. is running the gamut. The 40-year-old retailer reported weaker-than-expected revenue, led in part by consumers who aren’t buying games like they used to.
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Canada Goose is weathering a storm. The outerwear manufacturer is laying off roughly 17% of its corporate staff as part of what it’s calling a “transformation program.”
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Amazon is upping the ante against its retail competitors, and this time it’s in the pharmacy space. The e-commerce giant is expanding its same-day pharmacy delivery service to New York City and the greater Los Angeles area.
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Nestle USA is recalling more than 440,000 Starbucks-branded mugs after customers reported being burned and cut after using the metallic products. Government agencies suggest stopping the use of the mugs immediately.
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A Bud Light return may fall flat before it can fizzle. That’s in part because the brewing company, owned by Anheuser-Busch InBev, has yet to recuperate from a conservative-led boycott tied to a collaboration with transgender actress and TikTok personality Dylan Mulvaney.