VS1 Cloud Blog
It's been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week and what we're still thinking about.
From Walmart's free wellness day to all the store-related news in the past few days, here's our closeout for the week.
What you may have missed
Walmart to host free Wellness Day event
This week, Walmart announced it is organizing a free Wellness Day event on Saturday. Consumers can get free health screenings and no-cost Covid-19 vaccines as well as affordable immunizations — including measles, mumps, rubella, chickenpox, HPV, tetanus and whooping cough. Over 4,700 Walmart pharmacies across the country are participating in Walmart Wellness Day between 10 a.m. and 2 p.m. local time.
Since the big-box retailer began hosting Walmart Wellness Days in 2014, its pharmacies during that time have administered over 4.75 million free health screenings for customers. "At least 41% of Americans delayed care during the pandemic, according to the CDC, and that can lead to negative health impacts in the future," Cheryl Pegus, executive vice president of Walmart health and wellness, said in a statement. "We want to make it simple for our customers to prioritize their health and catch up on preventive care by offering convenient health resources where they're already shopping for groceries and back-to-school items."
Ermenegildo Zegna plans IPO
On Monday, Italian fashion house Ermenegildo Zegna Group and special purpose acquisition corporation Investindustrial Acquisition Corp announced an agreement to make Zegna a public company on the New York Stock Exchange in the fourth quarter of this year. The company's namesake brand was founded in 1910, and it acquired Thom Browne in 2018. The Zegna family will still control the company with a 62% majority stake.
Bezos thanks Amazon customers for space flight
Ever made an emergency same-day purchase of diapers over Amazon's website or worked a frenetic Prime Day shift in one of the company's warehouses? If so, you may have also unknowingly purchased a few droplets of rocket fuel or a couple stitches in the spacesuit of Amazon founder and Chairman Jeff Bezos, who completed a suborbital flight this week via his side-hustle space company, Blue Origin.
On landing, Bezos, who has helped finance Blue Origin with sales of his Amazon stock, thanked "every Amazon employee and every Amazon customer because you guys paid for all of this." The backlash to those comments came swiftly, with critics and media pointing out that the e-commerce giant's workers make a median income of $29,007, while Bezos as CEO made nearly 58 times that. His net worth of $209 billion is more than seven million times what the median Amazon worker makes in a year.