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Will Target’s Latest Turnaround Plan, Under New CEO Michael Fiddelke, Revive Growth?
"Where are the customers coming from to 'appreciate' all of these efforts? That’s a very large self-imposed hurdle."
- Allison McCabe, BrainTrust panelist
Do you see the hybrid pharmacist option helping make the pharmacist role more appealing to help reduce shortages?
Does McDonald’s CEO Chris Kempczinski Deserve the Grilling Over His Big Arch Promo?
"The backlash to the Big Arch promo video illustrates how carefully brands—especially iconic food brands—must manage authenticity in the social media era."
- Scott Benedict, BrainTrust panelist
What's happening in retail?
Here are our picks for top news impacting retailers today:
On the whole, the U.S. economy lost 92,000 jobs in February, a dire result compared to the ~50,000 jobs anticipated to be gained overall. The Bureau of Labor Statistics indicates that job growth since December has fallen far short of estimates (via Axios).
Gap Inc. delivered strong fourth-quarter results despite twin headwinds of tariffs and severe winter storms. The company reported an increase in net sales to $4.2 billion, flat store sales, but a 5% uptick in online sales (via Chain Store Age).
Fortune editor Rachel Ventresca described McDonald’s CEO Chris Kempczinksi’s recent viral Big Arch video as a stumble for the exec, but one which brought what leaders most crave — “more followers, more visibility, and a viral moment” (via Fortune).
U.S. manufacturing jobs are being lost at a significant rate, with the sector shedding 83,000 positions during President Trump’s second-term first year of office. “This is a story that needs to be told to the American public,” Brian Bryant, international president of the International Association of Machinists (IAM), said (via CBS News).
Beyond Meat has been rebranded to Beyond The Plant Protein Co., with its name simply being represented as Beyond on packaging. “For me, it is an opportunity to reshape the company around very real food that is directly from plants,” said president and CEO Ethan Brown (via AP News).
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