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Walmart & CVS Pledge to Keep Multicultural Beauty Products Out Of Locked Cabinets

By John F. Heerdink, Jr.

Reportedly, CVS Health Corp along with Walmart Stores, Inc. (WMT) announced to discontinue personal and beauty care products fashioned for people of color in locked display cases after the tradition drew criticism following the death of African American George Floyd last month due to police brutality and racial inequality. CVS had expanded its selection of products in the category of textured hair and color cosmetics categories by 35% over the last year for communities of color.

“We have a firm-nondiscrimination policy that applies to all aspects of our business and our product protection measures have never been based on the race or ethnicity of our customers,” stated CVS in an emailed statement on Friday.

Reportedly, Walmart customers complained about the practice of locking up items catering to people of color was discriminatory, urging the change in policy. Walgreens Boots Alliance Inc. (WBA) also announced to ensure that multicultural hair care and beauty products are not stored behind locked cases, as per reports.

Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: CVS joins Walmart in keeping multicultural beauty products out of locked cabinets in Reuters)


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