Costco partners with Sesame to offer members $29 virtual health visits at USA Today. “Sesame and Costco do not plan to open clinics in Costco locations, according to Bloomberg News, who first reported the partnership.” Read more

 

NRF Foundation Announces The List of People Shaping Retail’s Future 2024

lululemon Chief Information Officer and Executive Vice President Julie Averill
Crocs Senior Vice President and Chief Marketing Officer Heidi Cooley
The Kroger Co. Senior Vice President and Chief Information Officer Yael Cosset
Shopify President Harley Finkelstein
Snoopslimes Founder and CEO Jungmin Kang
Burlington Stores Inc. Senior Vice President of Leadership and Organizational Development

Press release

 

Walmart to Roll Out New Prepaid Phone Service From Boost Founder at Bloomberg. “Walmart Inc. is expanding its offerings of prepaid phone plans with MobileX, a wireless service launched earlier this year by Boost cofounder Peter Adderton. Walmart will be MobileX’s first and exclusive retail partner, the companies said in an announcement Tuesday.” Bloomberg subs. 

 

Alibaba to list its logistics unit Cainiao as part of historic shakeup at CNBC. Read more

 

Texas Walmart shooter agrees to pay more than $5M to families over 2019 racist attack at CBS News. “There is no indication Crusius, 25, has significant assets. He was 21 years old and had dropped out of community college when police say he drove more than 700 miles from his home near Dallas to target Hispanics with an AK-style rifle inside and outside the store.” Read more

 

United Natural Foods Q4 net sales +2.0% Press release

 

Fast fashion is leaning into resale, but it may do little to reduce emissions at CNBC. “…fast-fashion retailers, which create about 11.5 kilograms (25.3 pounds) of carbon dioxide for every item they make, will only reduce their emissions by 0.7% with resale programs. In comparison, premium apparel brands like Tory Burch and Ralph Lauren create about 16 kilograms of CO2 for every item they make, and could reduce those emissions by 14.8% with resale programs, the analysis said.” Read more

 

Amazon.com faces an array of US consumer, state antitrust lawsuits at Reuters. “U.S. regulators have been probing Amazon.com and other Big Tech companies for antitrust violations and the FTC has long been expected to take formal action against the online retailer.” Read more

 

USA Today readers name The Fresh Market #1 grocery store Top 10 list

 

Americans Finally Start to Feel the Sting From the Fed’s Rate Hikes at Wall Street Journal. “Buying a home or car right now is “completely unaffordable for the typical American household because you’re mixing the higher borrowing costs with the high prices,” said Mark Zandi, chief economist at Moody’s Analytics.” WSJ subs. 

 

Cough syrup deaths overseas prompt US crackdown on toxic testing at Reuters. “Cough syrups made in India and Indonesia have been linked to deaths of more than 300 children globally. The medicines were found to contain high levels of DEG and EG, leading to acute kidney injury and death. The poisonings have sparked criminal probes, lawsuits and a surge in regulatory scrutiny worldwide.” Read more