Ad Insider: Ford, CVS, Walmart, McDonald’s, Dollar General.
Ford Motor has cut prices of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle, weeks after rival Tesla slashed prices globally on its electric vehicles by as much as 20%. The move by Ford will make at least one version of the Mach-E again eligible for the $7,500 tax credit, which requires the Ford EV to have a suggested retail price of no more than $55,000 to be eligible. Ford had already planned to increase Mach-E production this year to 130,000 vehicles from 78,000 in 2022.
Amazon Prime members have been able to get free grocery delivery on orders of $35 or more. That minimum purchase is being raised to $150, and Prime members will have to pay $9.95 for orders under $50. Those placing orders of $50 to $100 will pay $6.95 and those paying $100 to $149.99 will pay $3.95… CVS plans to reduce pharmacy hours in roughly two-thirds of its drugstores in March. Walmart in the same month will begin closing its pharmacies at 7 PM instead of 9 PM at most of its stores. A shortage of pharmacists and techs has forced many retailers to alter hours of operation in recent years…. Many in the fashion industry have called skinny jeans DOA, but Levi Strauss disagrees. The brand’s 311 and 721 skinny jeans were its best sellers in the most recent quarter, for which the company posted sales and profits ahead of Wall Street’s expectations.
McDonald’s has begun testing lids in some cities that do not require straws. “These lids help optimize our packaging and eliminate the use of small plastics, just one example of the many solutions we’re reviewing as part of our ongoing global commitment to reduce waste,” the company said in a statement… Oreo is known for coming up with a variety of different flavors and colors to keep its fans hooked. The newest intro is an Oreo-stuffed Oreo that comes with more filling and ground-up Oreo cookies mixed in. The limited edition cookies are showing up in stores this week.
Resale platform ThredUp has partnered with 40 retailers including J. Crew, Torrid and Pacsun to provide resale services, and the company plans to expand the program further this year. Retailers can request a kit to send items directly to a ThredUp distribution center or set up an online resale shop with the company... Dollar General has hit a milepost that not many other U.S. retailers have reached. The discounter recently opened its 19,000th store, in Joplin, Mo. November, Dollar General said it plans to undertake approximately 3,170 U.S. real estate projects in fiscal year 2023, including 1,050 new stores, 2,000 remodels, and 120 store relocations. In July, Dollar General announced plans to build three new distribution centers.
Smoothie King is poised for nationwide expansion in both new and existing markets. The quick-service smoothie brand signed franchise and area development agreements in 2022 to add more than 160 stores to new and existing markets. With franchise development leading the way, Smoothie King is forecasted to open more than 100 locations in 2023.