Wal-Mart has rolled out a policy to ensure that employees who are members of the military won't lose pay while on active duty, whether the assignment is voluntary or involuntary, the company said Tuesday. The retailer will make up the difference in pay between the employee's salary and military pay during military assignments.
Amazon's strong growth and leading role in many areas of retail doesn't mean the 20-year-old company can afford to slow down its innovation efforts, founder and CEO Jeff Bezos said Tuesday. Bezos also addressed issues including efforts to increase diversity at the company and the reasons Amazon took a stand against the Trump administration's proposed travel ban.
British game studio Space Ape has announced that Finnish mobile game company Supercell, maker of "Clash of Clans," has bought a 62% equity interest in the company. The transaction valued Space Ape at $90 million.
Albertsons is bulking up its digital team, hiring Karl Varsanyi to lead its product management and user experience efforts and Ramiya Iyer to lead digital, marketing and merchandising. The move is part of the retailer's larger digitally-focused strategy that also includes bolstering its digital loyalty offerings and its digital marketing and e-commerce efforts, and expanding home delivery and data usage.
Dollar General will start selling a slew of exclusive and limited-edition products from national brands this week including veteran-focused Coca-Cola cans, Oreo Mississippi Mud Pie cookies, Mott's mango juice and Mango Monsoon Hawaiian Punch. The retailer will also run a promotion of its "Simple Summer Meals" tool, which gives shoppers easy meal and recipe options developed in partnership with television's Sunny Anderson.
Adidas is launching an initiative to remove slavery from its supply chain by encouraging workers to speak up. The company has worker hotlines to call or to text questions and concerns, but it also has created apps for anonymously reporting concerns.
Meal kit startup Chef'd has received a $10 million investment from Campbell Soup as part of a new partnership between the firms. The investment, which was made directly by Campbell Soup rather than through its venture capital arm, will make Campbell the meal kit firm's largest strategic investor.
Minute Maid is encouraging members of the younger generation to send their parents "reverse care packages" in the latest iteration of the company's #doingood campaign. Minute Maid has released a long-form video for social and digital channels showing a soldier sending a care package to her parents and then surprising them with an unanticipated visit home.
IKEA Group has promoted Jesper Brodin, a 22-year veteran of the Sweden-based furniture retailer, to CEO, effective Sept. 1. Brodin succeeds Peter Agnefjall and will continue the company's focus on growing its online efforts, said IKEA Chairman Lars-Johan Jarnheimer.
Marks & Spencer Group has adopted a new strategy with its fall/winter fashion line. The UK retailer has shifted from its tradition of highlighting a single standout piece in favor of a collection of basics the retailer hopes will fit into shoppers' existing wardrobes.
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