Walmart's gangbusters year, Starbucks' parental leave, and Taco Bell's new thing: Retail news roundup

Quartz12-20 18:00

Graphic: Images: YvanDube, Matt Cardy, Michael Nagle/Bloomberg, NurPhoto Walmart has had an outstanding year, with shares up over 80% in 2024, boosting its market value to $768 billion and making ...

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Starbucks will offer 18 weeks of paid leave for birth parents and 12 weeks for non-birth parents, with a 20-hour week minimum to qualify.The coffee chain has also hired its ever chief growth officer to help it fix its struggling China business. Meanwhile, Taco Bell has launched a limited-time offer of chicken nuggets.Check out those stories and more retail news highlights from this week.\nWalmart had a gangbusters year\n\n\n\n  A Walmart in Quebec, Canada. \n   - Image: YvanDube (Getty Images)\n  \n\n\nWalmart (WMT) has delivered an exceptional year that has transformed its market position. The retailer’s shares surged more than 80% in 2024, pushing its market value to $768 billion after adding $340 billion in market capitalization. The retail giant’s exceptional performance has been driven by its success in attracting wealthier shoppers and growth in advertising and marketing revenue, allowing it to emerge as one of the top performers on the S&P 500 Consumer Staples Index. \nRead More\nStarbucks is tripling its parental leave for U.S. baristas\n\n\n\n  Starbucks. - Image: Matt Cardy (Getty Images)\n \n\nStarbucks (SBUX) is expanding its parental leave benefits in hopes of keeping its in-store employees around. \nRead More\nTaco Bell is challenging McDonald’s with something new\n\n\n\n  A Taco Bell sign in the Times Square neighborhood in New York. - Image: Michael Nagle/Bloomberg (Getty Images)\n \n\nTaco Bell (YUM) wants to compete with fast food giants like McDonald’s (MCD) and Wendy’s (WEN) with a new menu item: Chicken nuggets. \nRead More\nAmericans spent more last month — with one exception\n\n\n\n  Amazon boxes inside a delivery truck. - Image: NurPhoto (Getty Images)\n \n\nU.S. consumer spending remained strong in November, signaling that the economy is still moving forward despite ongoing inflation concerns. \nRead More\nMcDonald’s is testing a new store with no dine-in area\n\n\n\n  A McDonald’s customer in San Francisco, California. - Image: Justin Sullivan (Getty Images)\n \n\nMcDonald’s is hoping a new prototype store will help it stay ahead of the competition.\nRead More\nAmazon’s 10 most viral items of 2024\n\n\n\n  A package for dispatch in a Amazon redistribution center in Horn-Bad Meinberg, Germany. - Image: Ina FASSBENDER / AFP (Getty Images)\n \n\nIn 2024, Amazon’s (AMZN) top-selling products were heavily influenced by social media, with certain categories standing out thanks to platforms like TikTok. \nRead More\nThe 10 best last-minute Christmas deals from Amazon, Walmart, and Target\n\n\n\n  Image: David McNew (Getty Images)\n \n\nThanksgiving, Black Friday, and Cyber Monday may be behind us, but Christmas is just around the corner – and there’s still time to find the perfect last-minute gift. \nRead More\nDiners are still obsessed with Olive Garden and Longhorn Steakhouse\n\n\n\n  An Olive Garden in Fremont, California. - Image: David Paul Morris (Getty Images)\n \n\nCasual dining isn’t dead. \nRead More\nStarbucks is trying something new to fix its China problem\n\n\n\n  A Starbucks in Shanghai, China. - Image: Qilai Shen (Getty Images)\n \n\nStarbucks (SBUX) is doubling down on a new strategy to reclaim its footing in China, its second-biggest international market. \nRead More\n For the latest news, Facebook, Twitter and Instagram.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492741817"}