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Amazon is closing all Amazon Go and Amazon Fresh stores, pivoting its grocery strategy to focus on expanding Whole Foods Market, enhancing online delivery, and introducing a new 'supersized' physical store concept.
Two embattled retail chains, Target and Starbucks, are collaborating for the first time on an exclusive holiday drink, the 'Frozen Peppermint Hot Chocolate,' available only at Starbucks cafés inside Target stores. This strategic move aims to boost customer excitement and foot traffic during the crucial holiday shopping season, as both companies grapple with declining sales, inflation, and shifting consumer behavior.
Target is eliminating approximately 1,800 corporate positions, including 1,000 layoffs, to streamline operations and revitalize its struggling business amidst declining sales and intense competition.
