Walgreens Suspends Dividend, Costco Raises Wages, and Meijer Expands Retail Media

Welcome to Omni Talk's Retail Daily Minute, sponsored by Mirakl.

In today's Retail Daily Minute:

• Walgreens Suspends Dividend for First Time in 92 Years – Facing financial challenges and opioid-related litigation, Walgreens halts its dividend to preserve cash for debt reduction, legal costs, and long-term business stabilization.
• Costco Raises Hourly Wages Above $30 – In response to union pressure and to maintain its industry-leading compensation, Costco boosts pay for U.S. store employees, reinforcing its commitment to workforce investment.
• Meijer Expands Retail Media with Pinterest & Video Ads – Midwest retailer Meijer integrates with Pinterest, online video, and connected TV, using first-party data to enhance personalized ad experiences and drive shopper engagement.

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Be careful out there!