Walmart's eggless Easter, Old Navy's AI bet, and Target cuts bonuses: Retail news roundup
Plus: Bananas could get squeezed as port-fee threats loom
Walmart (WMT) is skipping the eggs this Easter to cut costs. Target (TGT) will cut bonuses for salaried employees in response to weaker consumer spending and inflationary pressures. Just as consumers anticipated a break in egg prices, proposed port fees may make bananas the next price casualty. Meanwhile, McDonald’s (MCD) has claimed the title of the world’s most valuable restaurant brand, surpassing Starbucks (SBUX) for the first time in a decade. Check out these stories and more in the week’s retail roundup.
2 / 6
Walmart wants shoppers to celebrate Easter with their paychecks, even if eggs aren’t included in this year’s basket.
3 / 6
Target has announced it will reduce bonuses for salaried employees due to weak consumer spending and inflationary pressures.
4 / 6
Just when consumers were expecting some relief on egg prices, bananas might be the next victim.
5 / 6
6 / 6
McDonald’s is the world’s most valuable restaurant brand, dethroning Starbucks for the first time in a decade.