Big-Box Retailers Battle for Inventory in Bet on Strong Holiday Sales
The Wall Street Journal says retailers are loading up on goods for the holiday season in a strong show of confidence in consumer demand even as the Delta variant and supply-chain disruptions add uncertainty to restocking efforts.
Best Buy Co. , Target Corp. and other large merchants are amassing more inventory compared with last year’s pandemic-depressed levels, in some cases logging double-digit percentage increases as the stockpiles also exceed 2019 values.
Walmart Testing Self-Driving Vehicles for Delivery Strategy
Walmart is testing self-driving cars in a collaboration that involves Ford Motor and AI provider Argo AI for expanding its product delivery strategy. The testing is taking place in several cities, according to a CNBC report.
The vehicles are Ford Escape hybrids using Argo's platform for delivery technology. Testing is taking place in Texas, Miami and the Distrist of Columbia.
PepsiCo Announces Strategic End-To-End Transformation: pep+
PepsiCo introduced pep+ (pep Positive), a strategic end-to-end transformation with sustainability at the center of how the company will create growth and value by operating within planetary boundaries and inspiring positive change for the planet and people.
pep+ will guide how PepsiCo will transform its business operations: from sourcing ingredients and making and selling its products in a more sustainable way, to leveraging its more than one billion connections with consumers each day to take sustainability mainstream and engage people to make choices that are better for themselves and the planet.
NBA All-Stars Julius Randle, Karl-Anthony Towns and Sneaker Artist Mache Partner with Mobil 1 for Sneaker Giveaway
For the latest phase of the Mobil 1 Behind the Drive campaign, a unique offseason NBA content series and sweepstakes to reward fans with unique gifts and experiences, prominent sneaker artist Dan "Mache" Gamache created custom, hand-painted sneakers inspired by the Mobil 1™ brand. These extremely rare kicks are now available as Behind the Drive prizes.
In an exclusive video, NBA All-Stars and Mobil 1 partners Julius Randle and Karl-Anthony Towns unbox the custom sneakers, with Mache describing the making-of process and going behind the scenes on his design motivation. Full video is viewable here.