Morning Consult Brands will be off Thursday and Friday for the Thanksgiving holiday. The weekday newsletter will resume Monday.
Snap Inc. will open its Snap Holiday Market on Friday, unveiling virtual stores for six partner brands — Amazon Prime Video, Coca-Cola Co., Hollister Co., Under Armour Inc., Verizon Communications Inc. and Walmart Inc. Snap will promote the immersive experience, in which users can access products and holiday deals through custom-built, branded augmented reality spaces, with in-app Snap Ads starting tomorrow. (Adweek)
Dollar Tree Inc. might need to change its name, because the company said that by the first quarter of 2022, it will raise its prices from $1 to $1.25 for most of its products. The new prices will let Dollar Tree bring back some fan-favorite items it had removed from shelves, as well as add new products to its lineup. (CNN)
A federal jury in Cleveland found that CVS Health Corp., Walgreens Boots Alliance Inc. and Walmart substantially contributed to the opioid crisis in two Ohio counties, marking the first verdict from a jury in an opioid case and the first time companies in the retail segment of the drug industry have been held responsible for their role in the public health crisis. (The New York Times)
E-cigarette giant Juul Labs Inc., which is facing more than 2,000 lawsuits over its marketing practices targeting youth with fruit-flavored pods, will pay $14.5 million to the state of Arizona as part of a settlement for a lawsuit that alleged the company’s targeting is illegal. Juul paid $40 million to North Carolina in June as part of a similar settlement. (Axios)
Addition of the channels would be a relatively small upgrade to YouTube TV’s program lineup. But it is part of a bigger effort to grab more of the ad dollars that are increasingly flowing to video-streaming services mostly watched on the TV rather than on phones or computers.
On average, shoppers will spend roughly $762 on their friends and family, a separate report by NerdWallet found. And yet, 29% of shoppers who put holiday gifts on a credit card last year — or more than 35 million people — are still paying off those purchases, the report also said.
Retailers say shoplifting is getting more brazen in the U.S.: A California Nordstrom store was recently hit by a flash mob of more than 80 people who made off with designer goods, while more than a dozen people pilfered from a Louis Vuitton location in a suburb of Chicago.
Best Buy CEO Corie Barry said rising thefts could hurt employee retention at its stores and across the retail industry. She said the retailer will prioritize the safety of staff and customers, even if that means criminals are running out the door with stolen goods.