Costco's DEI defense, Walmart's DEI backlash, and AI in fast food: Retail news roundup
Costco (COST) is sticking to its diversity, equity, and inclusion (DEI) commitments, while Walmart faces backlash from investors over its DEI pullback. Walmart is also venturing into luxury resale, now selling brands like Chanel and Prada online. Meanwhile, the U.S. Food and Drug Administration (FDA) has banned red…