Trump hosts Walmart, Target and Home Depot CEOs for tariff meeting at CNBC. “A White House official told CNBC earlier Monday that a representative from Lowe’s would also be at the meeting. After the meeting concluded, an official told NBC News that no one from Lowe’s attended. After the meeting wrapped, the three companies issued nearly identical statements. “We had a productive meeting with President Trump and his team and appreciated the opportunity to share our insights,” a Walmart spokesperson said.” Read more

 

From Fake Eyelashes to Care Bears, U.S.-Bound Goods Are Stuck in Tariff Limbo at WSJ. “Zeng, for now, is holding her truck at the Mexican warehouse, hoping for some resolution to the trade war. Several other shipments that are halfway across the ocean will soon join the truck. Zeng has two to three months of inventory in the U.S. that she can continue selling. “I think we’re trying to hold out for at least one more month to see what happens. But then we’ll have to make some hard choices,” she said.” WSJ subs.

 

Meta Is Racing for Retail Media Budgets at AdWeek. “Over the past year, the tech giant has been sharing more data, rolling out new products, and updating old ones, all geared at retailers, eight sources told ADWEEK…One of Meta’s most significant new products is an API that allows online marketplaces that sell products from third parties to run ads on Meta. Most importantly, the API collects data that lets both the marketplace and brand know whether those ads drove sales.” Read more

 

US FDA suspends milk quality tests amid workforce cuts at Reuters/MSN. “The Food and Drug Administration is suspending a quality control program for testing of fluid milk and other dairy products due to reduced capacity in its food safety and nutrition division, according to an internal email seen by Reuters.” Read more

 

Walgreens to pay up to $350 million in U.S. opioid settlement AP

 

Flipkart is preparing to shift its headquarters back to India from Singapore as the company prepares to file for an IPO TechCrunch

 

Bath & Body Works has a major tariff advantage at CNBC. “Bath & Body Works produces 80% of its products in the United States…its foaming hand soap, for example, used to take about 3 months to reach its distribution center…Now, that entire process is done at Beauty Park — in 3 weeks.” Read more

 

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DHL to suspend global shipments of over $800 to US consumers at CNN

 

Shoppers could find shelves empty by summer as China imports plunge amid Trump trade war at NY Post. “The volume of goods shipped from China that is scheduled to arrive at the Ports of Los Angeles and Long Beach between the week of May 4 and May 10 has dropped 43%…Wes Allen, who owns Sunlight Sports in Cody, Wyo. said…“The things we are importing directly are costing way more than we thought they would and our vendors are laying off people so they can pay the tariffs,” Allen said.” Read more

 

Kroger and other brands to discuss transforming marketing through data at 5/22 event in NYC Ad Age

 

Inside Home Depot’s $20 Billion Secret Garden at WSJ. “It was a chilly day in early March when I walked into an industrial warehouse behind Suite 900 of an office park, only to find that it was bursting with flowers and the people who breed, grow and sell them…The event is known inside the company as spring trials. This invitation-only showcase is where breeders flaunt their latest offerings and Home Depot’s suppliers get their first glimpse of new plants that the retailer spent years helping to develop.” WSJ subs.

 

Trader Joe’s is planning 21 new locations, including 5 in California Location list

 

Wegmans restaurant to open in NYC on 4/30 at Democrat & Chronicle. “The restaurant and sushi bar in Astor Place will be open from 5 to 11 p.m. Monday to Saturday, with a champagne hour from 4 p.m. to 5 p.m. Make reservations online at www.wegmansnextdoor.com; its first weekend appears to be fully booked.” Read more

 

Al Sharpton calls meeting with Target’s CEO amid DEI backlash ‘very constructive and candid’ AP

 

NRF Reveals 2025 Top 50 Global Retailers “Walmart retained its spot as the largest retailer globally… The other companies in the Top 10 remain unchanged from 2023.” Press release

 

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