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Target tells workers to smile, wave, and greet shoppers if they come within 10 feet of them

Target just rolled out a new rule for store employees: smile, make eye contact, and greet or wave when a shopper comes within 10 feet — and if they get closer, within four feet, ask whether they need help or how their day is going, according to a new Bloomberg report.

Dubbed the 10-4 program internally, the rule mirrors rival Walmarts own 10-foot policy, formalizing behavior Target had previously only encouraged.

In August, the retailers incoming CEO, Michael Fiddelke, underscored that improving customer experience is a top priority, saying an elevated experience is every bit as important as product.

The move comes after a rough year for Target: annual sales have remained flat for four years, shares have fallen more than 30% year to date, and customers have complained about inconsistent stock levels and messy aisles. The company has already cut 1,800 corporate jobs and promised to refresh its stores ahead of the holiday season, with nearly a third of its annual sales coming from the fourth quarter.

In August, the retailers incoming CEO, Michael Fiddelke, underscored that improving customer experience is a top priority, saying an elevated experience is every bit as important as product.

The move comes after a rough year for Target: annual sales have remained flat for four years, shares have fallen more than 30% year to date, and customers have complained about inconsistent stock levels and messy aisles. The company has already cut 1,800 corporate jobs and promised to refresh its stores ahead of the holiday season, with nearly a third of its annual sales coming from the fourth quarter.

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Lucid climbs after Uber revealed to be its second-largest shareholder following recent investment

Shares of luxury EV maker Lucid are up more than 7% in premarket trading on Tuesday, following the release of a regulatory filing that revealed Uber is now its second-largest shareholder, trailing only Saudi Arabia’s PIF sovereign wealth fund.

The news follows an announcement earlier this month that Uber and Lucid would expand their robotaxi partnership from 20,000 planned vehicles to 35,000. Along with the expansion, Uber also said it would invest an additional $200 million into the EV maker.

Per Monday afternoon’s filing, it seems that investment pushed Uber’s ownership stake in Lucid to 11.52%.

Lucid’s stock is down 29% in April. It hit an all-time low of $6.75 on Monday ahead of the regulatory filing becoming public.

In a mark of just how painful the slide has been for Lucid shareholders, as of Monday, the company’s market cap had dropped to a quarter of the approximately $9.5 billion that Saudi Arabia’s PIF has sunk into it.

Capsule Pill and Dots

Justice Department accuses telehealth Zealthy of fraud, says remedy may bankrupt it

The feds say they don’t think Zealthy has the liquidity to pay what it owes customers.

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