business news in context, analysis with attitude

•  From National Public Radio (NPR):

"The attorneys and families of the Buffalo Tops supermarket shooting victims filed a new civil lawsuit Wednesday against several social media platforms, gun retailers, and the shooter's parents for their roles in the shooting.

"The 176-page lawsuit filed in the New York Supreme Court argues that several corporations in addition to the shooter's parents played a role in May 2022 deadly mass shooting that killed 10 Black people and injured three others.

"Nearly a dozen companies were mentioned in the lawsuit, including Meta (which owns both Facebook and Instagram), Reddit, Amazon (which owns Twitch), Google, YouTube, Discord and 4Chan. Other companies named in the lawsuit as defendants include RMA Armament — a body-armor manufacturer — and Vintage Firearms, LLC, a gun retailer.

"The lawsuit also argues that the gunman, now 20-year-old Payton Gendron was radicalized by these social media platforms, which directly lead to him carrying out the deadly shooting."

The story notes that "in February, Gendron was sentenced to life in prison without the possibility of parole. Proceedings for Gendron's federal charges are still pending after he pleaded not guilty to 27 charges — including several hate crime charges."


•  Dollar General has announced a new " DG Cash Back Program, which allows customers to earn cash back in their DG Wallet on eligible purchases through the Company’s partnership with the Ibotta Performance Network."

According to the company, "Dollar General customers can sign up for DG Cash Back by visiting www.dollargeneral.com or through the DG mobile app. Customers can add offers available on the 'Deals' page to their profile, and earnings from the program can be redeemed for future in-store purchases."

“As customers continue to seek new ways to stretch their budgets, we’re excited to introduce DG Cash Back on hundreds of Dollar General items to help them achieve that goal,” said Chad Fox, Dollar General’s chief marketing officer, in a prepared statement. “This is a strong addition to our financial offerings and services as we continue to expand incremental benefits for our customers.”


•  The National Retail Federation (NRF) is out with projections saying that "consumers are expected to spend record amounts for both back-to-school and back-to-college shopping this year … Back-to-school spending is expected to reach an unparalleled $41.5 billion, up from $36.9 billion last year and the previous high of $37.1 billion in 2021. Back-to-college spending is expected to hit $94 billion, about $20 billion more than last year’s record."

According to the press release, "Shopping in preparation for the first day of school is already well underway. As of early July, more than half (55%) of consumers who are buying for back-to-class said they have already started shopping. This is on par with last year, but is up from 44% in 2019, and is in line with the trend of consumers shopping earlier for major spending events. While consumers have started shopping early, as of early July, 85% said they still have at least half of their shopping left to do.

"Families with children in elementary through high school plan to spend an average of $890.07 on back-to-school items this year, approximately $25 more than last year’s record of $864.35 and a new high."