Kroger Co., the parent company of Fry's Food Stores, is teaming up with other retailing giants in a mission to find a replacement for the widely criticized single-use plastic shopping bag.
Minneapolis-based Target Corp. said Tuesday it's become a founding partner in the Consortium to Reinvent the Retail Bag, a venture launched by New York investment firm Closed Loop Partners.
"The new group has one goal, and it’s big: to identify, pilot and implement innovative alternative designs for the single-use retail bag," Target said on its company blog, A Bullseye View. "We’ll be looking for solutions that still deliver the convenience consumers love, but with much less impact on the environment."
Target and fellow founding partners Walmart Inc. and CVS Health Corp., together with other retailers like Kroger (NYSE: KR) and Walgreens will contribute $15 million toward the consortium's Beyond the Bag initiative.
