Category Archives: in-article

Tech leaders prioritize supply chain efficiency gains

Published: May 24, 2022   By: George Anderson

Chief information officers at Carhartt, Walgreens and other companies are focusing their tech investments on increasing efficiency and cutting costs throughout the supply chain. “When budgets are under significant scrutiny, companies tend to place more emphasis on shorter-term solutions that can drive efficiency and productivity,” said Juan Perez, chief information officer at Salesforce.

Starbucks is leaving Russia and closing 130 shops

Published: May 24, 2022   By: George Anderson

Starbucks has made the decision to permanently close its business in Russia after 15 years operating in the country. The coffee giant is shuttering all 130 coffee shops that operated in Russia prior to that country’s attack on Ukraine.

Walmart pulls Juneteenth ice cream after backlash

Published: May 24, 2022   By: George Anderson

Walmart has pulled its Great Value Juneteenth Ice Cream after having been accused of trying to trivialize and seek profits from a connection to a holiday tied to emancipation of Black people from slavery in the U.S. The “Juneteenth holiday marks a celebration of freedom and independence,” Walmart said in a statement. “However, we received feedback that a few items caused concern for some of our customers, and we sincerely apologize.”

Farmers markets face challenges in Twin Cities region

Published: May 24, 2022   By: George Anderson

Farmers markets in and around Minneapolis and St. Paul are struggling to find necessary funds to keep operating. Many point to changes in consumer behavior and the health of businesses that rent stalls as the biggest factors affecting the markets.

Best Buy expects to take a hit from inflation

Published: May 24, 2022   By: George Anderson

Best Buy’s sales fell 8.5 percent during the first quarter and earnings were down as the consumer electronics chain reported a modest increase in inventory. The retailer reduced its forecast for the year, but CEO Core Barry was confident in its future prospects. “Even with the expected slowdown this year, we continue to be in a fundamentally stronger position than we were before the pandemic from both a revenue and operating income rate perspective,” she said.

Abercrombie & Fitch got off to a tough start in 2022

Published: May 24, 2022   By: George Anderson

Abercrombie & Fitch posted a first-quarter loss of 27 cents a share despite a four percent rise in sales year-over-year. The retailer pointed to the impact of inflation on the cost of goods and freight as the biggest factors for its loss. The company pledged to manage its expenses as the year goes on.

Arby’s puts a burger on the menu for the first time

Published: May 24, 2022   By: George Anderson

Arby’s is known for its roast beef and not burgers for a good reason. It’s never sold burgers. That’s about to change as Arby’s is adding its “Wagyu Steakhouse Burger” to the menu for the first time. The burger, which is a blend of Wagyu and ground beef, sells for $5.99.

Military aircraft brings 78,000 pounds of infant formula to the U.S.

Published: May 23, 2022   By: George Anderson

A military plane carrying 78 thousand pounds of infant formula, enough to fill more than half a million baby bottles, arrived yesterday in Indianapolis. Other flights are scheduled to bring in additional infant formula as the U.S. grapples with a scarcity of product following the closing of an Abbott plant over health concerns. Sunday’s flight brought in about 15 percent of specialty medical grade formula needed in the U.S., according to Brian Deese, director of the White House National Economic Council.