retail news in context, analysis with attitude

•  MarketWatch reports that Walmart "expects to save $60 million annually on plastic shopping bags, 'just by changing our buying process and better utilizing our scale,' Chief Financial Officer Brett Biggs said … Biggs also said the company is saving 15% on the cost of vests worn by sales staff, which are made with recyclable materials. Biggs said the vests are 'more comfortable and more sustainable'."

The story notes that "this isn’t the first time Walmart WMT, +0.01%   has announced savings from a random corner of the business. Back in October 2018, the company said it would save $20 million annually by switching to a new floor wax that was cheaper and made it possible to buff the floors fewer times.