Joann Sparks Outrage by Ceasing Gift Card Use During Store Closures Amid Bankruptcy
Joann Inc. has faced backlash for ending gift card acceptance as it shutters all 800 U.S. stores after a second bankruptcy filing within a year. Customers are furious over the decision, which they deem unfair, as liquidation sales are overseen by GA Group. Stores will shut by late May, while the company focuses on maximizing business value in a court-supervised sale.
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FDA's Resolution of Ozempic Shortage Sends Hims & Hers Stocks Plummeting
Hims & Hers Health saw its stock drop by 19% after the FDA announced the resolution of the Ozempic shortage, impacting the company's alternative formulations. With the mandate to stop production of compounded versions, the company is planning to release a generic alternative to stay competitive.
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Target Alters DEI Initiatives Amid Trump's Executive Order Mandates
In response to President Trump's executive order, Target is modifying its approach to diversity, equity, and inclusion initiatives. While the company is concluding existing DEI goals and winding down its Racial Equity Action and Change initiatives by 2025, it remains committed to fostering a sense of belonging. The rearrangement includes halting diversity-specific surveys and revamping supplier strategies to emphasize broader inclusion, including a focus on small businesses.
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