• Electric Vehicle Tax Credits Confusing To Consumers
    Just 11 electric vehicles from only four automakers -- Tesla, General Motprs, Ford and Volkswagen -- qualify for the full $7,500 tax credit via the Inflation Reduction Act. "In August, the law ruled out the full tax credit of $7,500 for electric vehicles and plug-in hybrids assembled outside North America," per The New York Times. "That may make it harder for consumers to take the financial or psychological leap to buy a battery-powered car. The Treasury Department further tightened those rules this week by requiring that a certain percentage of the components and minerals in car batteries are sourced from …
  • Good American Founder Khloe Kardashian Emphasizes Inclusivity
    Good American and its founder Khloe Kardashian continue to aspire to create a more inclusive fashion industry. The Los Angeles-based brand recently hosted “Every Body,” its first-ever panel at Soho House in West Hollywood moderated by Kardashian and Emma Grede. They were joined by model Ashley Graham for a conversation on diversity, inclusion and the importance of representation in fashion.
  • Cannabis Shoe Launches Just In Time For 4/20
    Weedo, which claims to be the first shoe made with cannabis, is taking orders for a limited run of 100 pairs to be sold at $1,000-$1,500 apiece. "According to Bernardo Carreira, co-founder and CEO and Weedo maker 8000Kicks, more than 5,000 have put their name into the lottery, which will pull winners at the end of April," per Sourcing Journal. "So why not make more? Because, according to Carreira, each pair takes approximately 30 hours to make."
  • Whole Foods Opens New Location In NY
    Whole Foods Market has opened a 50,000-sq.-ft. store in the Rochester suburb of  Brighton, N.Y. "It’s Whole Foods’ first location in the Rochester area, and comes after the company opened its first store in Montana, in Bozeman, earlier this year, along with a location in New York City’s Financial District," per Chain Store Age. "Whole Foods CEO Jason Buechel said that the company has about 50 stores in its pipeline. The newest Whole Foods boasts a mid-century modern design that leans into Rochester’s rich history as an epicenter for photography."
  • First Electrified Corvette Sells For $1M
    The first electric Corvette sold at auction for $1.1 million to car dealer and NASCAR race team owner Rick Hendrick at the 2023 Barrett-Jackson Palm Beach Auction. The money will go to education nonprofit DonorsChoose, which helps teachers in low-income communities fund classroom projects. "The cars at auction are pre-production prototypes. So Hendrick gets to choose the color of the first car to roll off the assembly line at GM's Bowling Green Assembly in Kentucky," per the Detroit Free Press. "It will be black, consistent with all of his Corvettes with VIN 001."
  • David's Bridal Once Again Files For Bankruptcy
    David's Bridal, the country’s largest wedding dress retailer, has filed for Chapter 11 bankruptcy protection for the second time in five years. "The filing came days after the company revealed plans to lay off more than 9,000 employees in the next coming months," per Chain Store Age
  • Elon Musk's Starship Logo Prompts Social Chatter
    SpaceX's planned Starship test flight failed to get off the ground Monday due to a pressure problem. "That means that until its next attempt to launch the largest, most powerful rocket yet built, all we have is the mission's logo to pore over," per Creative Bloq. "It's presumably meant to show a rocket blasting off, which couldn't be more simple. But while some are celebrating the watershed moment by creating AI-generated images of Musk as an astronaut, others are dissecting the design. Which direction is the rocket moving? And is it really a rocket or just an expensive pen? Twitter's also …
  • Oscar Mayer Offers 'Wienermobile Of Love'
    The Oscar Mayer Wienermobile is back, with a twist. The brand helped lovebirds to marry in Las Vegas with a limited-time wedding chapel. Wouples were able to book a 30-minute time slot to be wed in front of the romantically reinspired Wienermobile, which was situated outside of the iconic Little White Wedding Chapel. "The move, an extension of the brand’s 'Keep it Oscar' platform, is supported by research indicating that 72% of couples report feeling stressed about wedding planning," per Marketing Dive. "The effort makes the Kraft Heinz brand one of the latest to insert itself into the nuptials experience."
  • Crumbl Cookie's Popularity Commands Respect
    Expensive giant Crumbl cookies in a fancy pink box are all the rage, especially with millennials, and marketing plays a huge part. "The company has manufactured its own hype and turbocharged it by announcing weekly cookie flavors on TikTok as if they were limited-edition sneaker drops, with vaguely sensual, slow-motion videos reminiscent of Burger King commercials," per The New York Times. "The company has amassed 6.7 million followers on the platform, more than Taco Bell and Starbucks combined."
  • Longtime Walmart Exec Resigns
    Charles Redfield, whose career at Walmart spanned 32 years and was most recently chief merchandising officer, is resigning effective May 1. He will remain in an advisory role. "The leadership shakeup comes after America’s largest retailer warned it is facing a more challenging year ahead and will approach 2023 with caution," per CNN Business. "Despite a strong holiday season, Walmart forecast slower sales and profit growth in February. Its strong holiday sales were fueled by groceries. Grocery prices rose 11.8% annually in December, pushing customers toward more affordable options."
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