Retail News Brief

  • PetSmart Makes Fun of AI in New Ad Campaign

  • Apple Announces $30 Billion Chip Manufacturing Investment in the US

  • Dairy Queen Names New EVP and CTO

  • Walmart Capitalizes on World Cup With VIP Tours

  • The Average New Car Payment Hits a Record High of $770 Monthly


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  • PetSmart Makes Fun of AI in New Ad Campaign

    PetSmart is betting that its customers are getting a bit of AI fatigue, leveraging this sentiment in a new ad campaign mocking the proliferation of the tech across retail. The campaign mocks big tech’s reliance on obscure jargon, huge product reveals, and flashy logos to make the point that the in-store experience remains PetSmart’s differentiator (more).

  • Apple Announces $30 Billion Chip Manufacturing Investment in the US

    Apple has announced that it plans to invest more than $30 billion in chip manufacturing capabilities stateside. Partnering with Broadcom, a target of 15 billion chips has been set, with hundreds of domestic jobs being the expected result — and Broadcom’s Fort Collins, Colorado, plant is already expanding its operation to handle the task (more).

  • Dairy Queen Names New EVP and CTO

    Dairy Queen recently named Phil Crawford as its new chief technology officer and EVP, with Crawford having most recently helmed the position of global head of food and beverage and hospitality for Adyen. “Phil’s proven success as a restaurant business and technology leader positions us for continued growth as we live our mission of creating positive memories for all who touch DQ,” said Troy Bader, president and CEO of International Dairy Queen Inc. (more).

  • Walmart Capitalizes on World Cup With VIP Tours

    Walmart is leveraging the immense interest in its brand from World Cup tourists by putting on VIP tours. With one tour taking place in advance of the July 11 game between England and Norway in Miami, and another ahead of the final in New Jersey, expectations are high. Tours include “custom Walmart passports, aisle stamps, swag, tour guides and curated product samplings,” and all VIP tour members will be rewarded with a large drum of ranch dressing (more).

  • The Average New Car Payment Hits a Record High of $770 Monthly

    The average new car payment in the U.S. hit a record high of $770, according to Experian data, an increase of 2.9% YoY. This data point comes amid several alarming others, including a massive increase in outstanding auto loan debt and rising loan totals, with $43,925 being the average amount for Q1 (more).

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