RetailWire's articles

  1. Channel: Ecommerce & Digital
UPS’s 350,000 unionized workers could strike if the parcel delivery giant cannot reach a deal on a new labor contract. The company’s unionized staff is represented by the Teamsters, which is looking to get something back after agreeing to a 2018 deal that many members saw as insufficient. UPS has posted annual profits over the… […]
  1. Media & Marketing
Twitter owner Elon Musk has maintained that most of the advertisers that left the social media site have returned and ad revenues are rebounding. The numbers tell a different story with ad sales for the five weeks from April 1 to the first week of May down 59 percent year-over-year. The company’s ad staff is… […]
  1. Operations & Supply Chain
Some retailers are laying off workers in distribution and fulfillment centers. Others are closing warehouses or delaying plans to open new facilities. Jonathan Ramsden, chief financial and administrative officer at Big Lots, which recently closed four distribution centers, said the chain had opened the warehouses during the pandemic “to support a period of high growth… […]
  1. Shopper & Customer
Dollar General lowered its full-year net sales forecast and now expects a gain in the 3.5 to five percent range, down from its previous guidance of an increase falling between 5.5 and six percent. “Our sales guidance assumes our customer will remain under pressure for the remainder of the year,” Kelly Dilts, Dollar General’s chief… […]
  1. Stores & Formats
Retailers and lawmakers have to develop new approaches if they are serious about taking a bite out of organized retail crime rings. Going after and heavily punishing boosters, the people who steal merchandise from stores, has proven ineffective and the INFORM Consumers Act does not require online marketplaces to certify that goods sold on their… […]
  1. Technology & Innovation
Walmart has used artificial intelligence technology to find patterns and make sense of the trillions of pieces of data it generates every year. “There’s scale, and then there’s Walmart scale,” said Rob Duhart, Walmart’s deputy chief information security officer. Walmart, which has developed some AI tools in-house, is also looking at generative AI systems to… […]
  1. Technology & Innovation
OpenAI CEO Sam Altman is among over 350 technology industry executives and researchers who have signed a one-sentence statement released by the nonprofit Center for AI Safety. “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” the statement reads.
  1. Associates & Employees
Target will remove some of its LGBTQ+ Pride Month collection merchandise from stores after homophobic and anti-trans individuals and groups spread misinformation about the products including them being tied to Satanists. Some of the retailer’s employees have come under threat from those who side with the lies being spread about the retailer. “Given these volatile… […]
  1. Media & Marketing
TikTok has filed a federal lawsuit against Montana after the state recently passed a ban on the video-sharing app. The lawsuit claims that Montana’s measure violates the company’s First Amendment rights and that the state doesn’t have jurisdiction in the matter, which it says is the federal government’s purview.
  1. Channel: Grocery
Publix has confirmed that it will rebrand its eight GreenWise Market stores under its namesake banner. “Our customers’ shopping habits have reinforced that they enjoy the attributes of a Publix GreenWise Market location, but within their traditional Publix shopping setting,” said company spokesperson Hannah Herring. Publix will continue to sell private-label organic products under the… […]
  1. Media & Marketing
The European Union has hit Meta with a fine of $1.3 billion for transferring the personal data of people within its member states to servers in the U.S. Meta has been ordered by the EU to stop the practice, violating General Data Protection Regulation (GDPR) law. “Facebook has millions of users in Europe, so the… […]