Costco's luxury push, Walmart's big bet, and McDonald's egg promise: Retail news roundup

Quartz
02-28

Costco and bulk-buying go hand-in-hand, but the retailer won’t sell just anything – although its wealthier shoppers have a big love for Rolex watches and even Porches. Walmart may have lost its revenue crown to Amazon, but it’s flexing its muscles to compete, all while winning favor with President Donald Trump. McDonald’s says it has cracked the code and won’t raise egg prices for customers, at least for now. Meanwhile, Target put DEI on the chopping block – only to push shoppers away. Check out these stories and more in this week’s roundup.

Graphic: Images: Gary Hershorn, Ethan Miller, Justin Sullivan, Shelby Knowles/Bloomberg

A Costco executive on the luxury items its wealthy customers love

People walk through the parking lot at a Costco on Feb. 1, 2025, in Bayonne, New Jersey. - Image: Gary Hershorn (Getty Images)

Costco (COST) is best known for its no-frills, bulk-buying experience, but the warehouse giant also moves a surprising amount of luxury goods.

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Walmart’s bold bet to beat Amazon and win Trump’s favor

Walmart CEO Doug McMillon delivers a keynote address during CES 2024 in Las Vegas, Nevada. - Image: Ethan Miller (Getty Images)

Walmart (WMT) is betting big it can win over affluent shoppers, outpace Amazon (AMZN), and gain favor with President Donald Trump.

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McDonald’s says it won’t charge extra for eggs

McDonald’s Egg McMuffin. - Illustration: Justin Sullivan (Getty Images)

McDonald’s is bucking the trend of rising egg prices – at least for a limited time.

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Target put DEI on the chopping block. Then fewer customers showed up

A Target store in New York. - Image: Shelby Knowles/Bloomberg (Getty Images)

Target (TGT) announced it was scaling back its Diversity, Equity, and Inclusion (DEI) efforts one month ago. Now, the retail giant is seeing a rapid decline in store visits.

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Papa John’s is beating Domino’s in the pizza wars

A Papa Johns Pizza Sign at sunset on University Drive in Huntsville, Alabama.
- Image: sshepard (Getty Images)

Papa John’s is gaining ground in the competitive pizza market, outperforming Domino’s as the latter struggles with a tough macroeconomic environment.

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Will Trump spare restaurants from tariffs?

Waiter Alexander Alioto prepares to serve lunch to customers at Alioto’s Seafood Restaurant in San Francisco, California. - Image: Justin Sullivan (Getty Images)

The restaurant industry is on edge, urging President Donald Trump to exempt food and beverage imports from a proposed round of tariffs set to take effect on March 4, which could cost the sector $12 billion.

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Generic brand groceries are winning big as inflation makes a comeback

A package of Kirkland Signature brand paper towels sits in a customer’s shopping cart while he waits to check out a Costco. - Image: Tim Boyle/Bloomberg (Getty Images)

Inflation is hitting consumers hard, and both grocery shoppers and restaurants are feeling the squeeze.

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Ben & Jerry’s founders eye a sweet deal to reclaim their brand from Unilever

Ben & Jerry’s Bonnaroo Buzz Ice Cream. - Image: Jamie McCarthy (Getty Images)

Ben & Jerry’s (UL) founders, Ben Cohen and Jerry Greenfield, are reportedly in talks to buy back their namesake ice cream brand from Unilever.

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Starbucks is laying off more than 1,000 workers

A Starbucks at the Cancun International Airport.
- Image: anouchka (Getty Images)

Starbucks is laying off 1,100 corporate employees as part of an effort to streamline operations and focus on its core business, CEO Brian Niccol said in a statement on Monday.

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Subway is bringing back the discounted footlong. Here’s what you get for $6.99

Photo: Gerardo Mora (Getty Images)

Restaurants continue to respond to price-weary consumers with value meals and deals. The latest to entry the fray: Subway.

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