Category Archives: in-article

McD’s launching new loyalty program nationwide

Published: June 23, 2021   By: George Anderson

McDonald’s will launch its first nationwide loyalty program on July 8 under the MyMcDonald’s Rewards banner. Members joining the program will receive 1,500 points after their first order and earn 100 for every dollar spent thereafter. Customers earning 3,000 points or more can cash them in for free eats.

Walgreens handing out $25 store credit to those getting COVID-19 vaccines

Published: June 23, 2021   By: George Anderson

Walgreens said it will provide a $25 store credit to the myWalgreens accounts of customers who get a COVID-19 vaccine between today and June 26. Those coming in for shots that do not have a myWalgreens account will receive a $25 gift card. The offer is not available at pharmacies in Arkansas, New Jersey or New York.

Canadian retail sales dropped following third wave of COVID-19

Published: June 23, 2021   By: George Anderson

Retail sales in Canada fell 5.7 percent in April and 3.2 percent in May as stores were forced to close due to the spread of the novel coronavirus. Five percent of Canadian retailers were closed at some point due to the pandemic with sales falling across nine of 11 retail sectors.

L Brands moves closer to spinning off Victoria’s Secret

Published: June 22, 2021   By: George Anderson

L Brands has registered the business name Victoria’s Secret & Co. as part of its plan to spin off the lingerie retailer as a standalone publicly traded company in August. The move will separate Victoria’s Secret and Bath & Body Works into separate companies. “We believe Victoria’s Secret and Bath & Body Works will achieve new levels of success and unlock significant value for all stakeholders by pursuing growth strategies best suited to each company’s customer base and strategic objectives,” said L Brands CEO Andrew Meslow.

Chewy CFO says expanded selection boosts sales and margins

Published: June 22, 2021   By: George Anderson

Chewy CFO Mario Marte said the company has benefited with higher sales and improved profit margins by moving into new pet categories and offering an expanded selection of products and services. Chewy, which reported a net loss of $92.5 million last year, is expected to post its first-ever profitable year in 2021. Chewy has also benefited from increased automation in fulfilling orders for its growing legions of fans. The online retailer opened its first automated fulfillment center last October in Pennsylvania.

Hudson’s Bay separates stores and e-commerce businesses

Published: June 22, 2021   By: George Anderson

Hudson’s Bay Co. announced that is separating Saks Off 5th’s stores and e-commerce operations into separate businesses with Insight Partners, a private equity firm, taking a $200 million stake in the online business. The latest announcement is similar to another deal earlier this year that split Saks Fifth Avenue stores from its e-commerce operations. HBC CEO Richard Baker said the deals have given his company greater value and more liquidity than at any point in its history.

Smithfield Foods sued for crying wolf over meat supplies

Published: June 22, 2021   By: George Anderson

Food and Water Watch filed a lawsuit last week against Smithfield Foods, claiming the meat processor of misled the public and caused a panic over claims that meat supplies were running dangerously low. The suit claims that Smithfield went public with these claims despite having large supplies in cold storage and being able to keep up with record demand for exports of pork to China and other nations. Smithfield has dismissed the claims in the suit as an attack against its workers.

Target makes new sustainability pledge

Published: June 22, 2021   By: George Anderson

Target has said that it has set a goal of eliminating plastic waste in its private label goods and reaching net-zero emissions across its operations and supply chain by 2040. “It’s a new era of sustainability for our company,” said Amanda Nusz, senior vice president of corporate responsibility at Target. “Although it’s not new work, we are aiming to co-create an equitable and regenerative future with our guests, our partners and community.”