Category Archives: Companies

Changes at the Self-Checkout

Companies, Consumerism, Lifestyle

Retail giant Target is experimenting with a new self-checkout policy. In select stores, Target is now limiting self-checkout to customers purchasing 10 items or fewer, redirecting those with more items to full-service lanes manned by cashiers. This change is hoping to address concerns that cashier-less technology alienates customers. John Mulligan, Target’s Chief Operating Officer, emphasized the importance of customer relationships, noting, “Our guests tell us they enjoy interacting with our team.”

The change in the self-checkout system is aimed at understanding shoppers’ preferences and reducing wait times. Self-checkout lanes were designed to streamline processes and cut labor costs. But recently, Target has seen a 6% increase in customers utilizing full-service cashier lanes, since the self-checkout systems often breakdown and error out, causing them to be cumbersome and time consuming.

The impersonal and unreliable nature of self-scan machines has led many retailers, including Walmart, Costco, and Shoprite, to reevaluate their self-checkout strategies.

Additionally, research in the retail industry has revealed that self-checkout leads to higher losses due to theft and customer error. Target emphasized that while theft is an ongoing concern, it didn’t drive their new self-checkout policies.

Hershey Looks to Halloween to Boost Chocolate Sales

Companies, Consumerism, Economy, Lifestyle

Hershey, the maker of popular candies like Reese’s, Kit Kat, and Twizzlers, is gearing up for Halloween sales. This year, it appears that customers are shopping for trick-or-treat candy closer to the holiday. Last year, due to supply chain and availability concerns, many customers bought their Halloween candy early. Although it’s too early to predict this year’s outcome, so far, Halloween candy sales have been slower than last year.

As Halloween approaches, Hershey is hoping for a strong performance this weekend to meet its sales targets. In recent years, Halloween has become a critical period for the company, accounting for 25-30% of its annual business.

Hershey is experiencing difficulties on several fronts. Cocoa prices are on the rise, supply chain issues have plagued the cocoa industry, and many consumers are now facing budget constraints and are more sensitive to pricing.

To cater to budget-conscious consumers, Hershey is expanding its presence in dollar stores and discount outlets. They are also exploring the option of selling smaller-sized candies at more affordable prices.

But Hershey executives remain positive that Halloween will bring the candy buying boom that the company needs. Last week, CEO Michele Buck said, “With Halloween next Tuesday, we still have several important selling days to go”.

California is Making Food Safer

Companies, Consumerism, Health Tech, Lifestyle, News

California is the first U.S. state to ban four potentially harmful food and drink additives that are linked to disease. The California Food Safety Act now prohibits the use of brominated vegetable oil, potassium bromate, propylparaben, and red dye 3, commonly found in candies, fruit juices, and cookies. These substances are already banned in many countries.

Supporters of this law are reassuring consumers that popular products are not going to suddenly vanish from stores; rather, companies who use these ingredients are going to have to change their recipes to include healthier alternatives. The law will take effect in 2027, which will give the manufacturers time to reformulate their products.

There was a false claim that California aimed to ban Skittles. Assemblymember Jesse Gabriel clarified that Skittles with alternative ingredients are already sold in the European Union, where these additives are banned. The law doesn’t ban foods but requires companies to use safer alternatives.

Other countries, including the EU, the UK, Canada, Australia, New Zealand, China, and Japan, have banned these additives. Major brands like Coke, Pepsi, Dunkin’, and Panera have removed them from their products voluntarily.

Driverless Cars to Expand Service in San Francisco

Artificial Intelligence, Companies, Tech News, Technology, Transportation Industry

In August of 2023, the California Public Utilities Commission passed a vote that allows driverless car companies Waymo and Cruise to expand their operations in San Francisco. Until now, Cruise and Waymo were only permitted to offer limited service within the city. This vote enables both companies to charge a fare for rides at any time of day or night, on any street within the municipality.

Waymo and Cruise are similar in concept to companies such as Uber or Lyft, just without the human driver. While some first responders are concerned that driverless vehicles have not yet perfected the method of getting out of the way of emergency vehicles such as ambulances and fire trucks, other travelers are hopeful that driverless vehicles will help to limit traffic fatalities, which are on the rise in San Francisco.

Gas Prices Reach Summer High

Companies, Consumerism, Energy News, Lifestyle

According to Reuters.com, the cost of gasoline has gone up considerably this August. Gas prices across the nation have hit an average of $3.86 per gallon, an all-time high for 2023. This is a 7% increase over prices that were seen just one month ago. In certain states, such as California and Washington, the cost has risen above $5.00 per gallon.

The abnormal timing of this price increase has some people perplexed. Patrick De Haan, head of petroleum analysis at price tracker GasBuddy.com noted that, “We tend to see prices declining going into the fall.”

The price jump can be attributed to several refineries that are closed for maintenance. This impacts the available supply of oil. Heat waves, like those the United States has experienced this summer, also affect refinery production.

Despite the steep cost of filling the tank, gas prices are still below where they were in August of 2022. Labor Day travelers may still hope to get some relief at the pump.