Paper Clips

In just a few days, we’ll mark what we believe will be the most significant moment in Canva’s history as we unveil a major step forward in how the world creates. We can’t wait to see 6,000 of you at SoFi Stadium in Los Angeles, and millions more joining from around the world to share it with us. Looking back, it was only a decade ago that design was limited to a privileged few. Even the simplest task meant navigating a maze of complex and disconnected tools. You had to use one tool to find a template, another to source founts, another to design and animate, another to publish and print... and on, and on. Each tool had its own interface, its own learning curve, and its own file format that couldn’t work with anything else. We believed there was a better way, so we set out to bring everything you need to design into one platform, making it simple and accessible to the world. Today, we’re incredibly proud to be empowering more than a quarter of a billion people across 190 countries to create with Canva. What started as a crazy big dream has become the default way hundreds of millions of people bring their ideas to life.

“We CHEWS you, Chi!” Those four words emanating from The National Confectionery Sales Association (NCSA) put sweet smiles on the faces of all Chicagoans, knowing that their town had been selected as the permanent home of the Candy Hall of Fame Experience. Chicago triumphed over fellow finalists New York and Orlando to land the planned 60,000-sq.-ft. HOF that will honor—not Babe—but Baby Ruth. “For more than a century, Chicago has been home to some of the most iconic names in American candy, including Ferrara, Mars, Brach’s, Tootsie and Wrigley,” said Shelly Clarey, Chairman of the NCSA. “Establishing the Candy Hall of Fame Experience here reflects the city’s deep connection to the industry and creates a home to celebrate the people who helped build it.

The e-commerce giant’s CEO noted the dominance of brick-and-mortar retail despite decades of disruption, but sees that as a massive opportunity. “We’re not investing approximately $200 billion in capex in 2026 on a hunch,” Jassy wrote. Closer to retail, Jassy reiterated the company’s investments in rural America, saying “we understand that rural customers are often de-prioritized by logistics and telecom providers because remote communities are more expensive to serve.” “While other companies have been backing away from these customers, we’ve been running to them,” he said. “We’ve committed over $4 billion to expand our rural delivery network.” “Our retail business is now approaching $600 billion in topline, yet roughly 80% of global retail sales still happens in physical stores,” he said. “That will change.”

Consumer sentiment plunged in early April to the lowest level ever recorded in the more than 70-year history of the University of Michigan’s survey. The Index of Consumer Sentiment’s preliminary reading for April  fell to 47.6, down 10.7% from March, extending a decline that began with the start of the Iran conflict. Year-ahead inflation expectations rose to 4.8% this month from 3.8% in March. Comments show that many consumers blame the Iran conflict for unfavorable changes to the economy, according to Joanne Hsu, director, surveys of consumers.

The Postal Service has informed the Office of Personnel Management (OPM) of its intention to temporarily suspend its employer’s contributions for the defined benefit portion of the Federal Employees Retirement System (FERS) to conserve cash and preserve liquidity due to its ongoing, severe financial crisis. “There will not be any immediate detrimental impact to our current or future retirees if normal FERS cost payments are temporarily withheld,” said Postal Service Chief Financial Officer Luke Grossmann. The Postal Service pays about $200 million every other week to OPM for the FERS annuity. Suspension of payments, effective April 10, will free about $2.5 billion in the current fiscal year.

In good news for shoppers, a bump in the cost of consumer goods reversed course in March 2026. Prices for everyday household purchases decreased 0.02% in March 2026 following a 0.19% increase in February and a 0.33% decrease in January. The monthly Numerator Consumer Goods Price Index (CGPI) also indicates that  prices for everyday goods are up 2% compared to March 2025.A similar trend is expected for the comparable categories covered in the Bureau of Labor Statistics’ upcoming Consumer Price Index (CPI) release.

We expect the US Postal Service to file for an across-the-board rate change in monopoly postal products with the Postal Regulatory Commission this coming Thursday afternoon. Rate hikes are expected to average about 5%. Upon PRC approval, you can expect a July 12th implementation date.

Amazon.com announced it reached a new agreement with the U.S. Postal Service on package deliveries, and sources ​said the cash-strapped mail system would retain about 80% of its ‌existing deliveries from its biggest customer. That 20% cut is a dramatically better outcome for the postal agency than the two-thirds or larger reduction that Reuters reported last month Amazon had threatened. USPS has a roughly $80 billion budget, and Amazon represented $6 billion in annual revenue to the agency, according to two people familiar with the business arrangement. "We're pleased to have ​reached a new agreement with USPS that furthers our longstanding partnership and will ​let us continue supporting our customers and communities together," Amazon said in a statement.

Retailers and restaurants alike made headlines in March with store expansion plans and new formats. Here are the major stories as reported by Chain Store Age, starting with the most recent. CVS opens first of nearly 20 pharmacy-only stores planned for 2026 Five Below sales, earnings surge as comps jump 15.4%; to open 150 stores Bob's Discount Furniture targets 500-plus stores by 2035 Dollar Tree Q4 sales up 9%, traffic falls; to open 400 stores Costco tops estimates; eyes 28 new openings, with 30-plus in ‘coming years’  Marco's Pizza eyes 80-plus new stores for 2026

Starbucks Coffee Company has finalized its joint venture with private investment firm Boyu Capital, selling control of its China operations, the coffee giant’s second-largest business. Under the terms of the agreement, which was announced in November and has a value of about $4 billion, Boyu and Starbucks will operate a joint venture, with Boyu holding up to 60% interest and operating the approximately 8,000 Starbucks stores in China. Starbucks will retain a 40% interest in the joint venture and will continue to own and license the brand and intellectual property to the new entity.

Rapidly rising fuel prices are already having an impact on consumer spending. According to new data from loyalty marketing technology provider Snipp Interactive, 31% of consumers said gas price increases have "significantly" or "extremely" impacted their household budget, while only 13% said they felt no impact at all.  When asked which spending categories they had cut, dining out led all responses at 63%. Clothing (44.7%), entertainment (43.2%) and travel (38.9%) were the next most common answers. Nearly 36% of consumers said they had reduced grocery spending by trading down or buying less.

It will soon be a little more expensive to obtain an annual membership at Sam’s Club. The warehouse club subsidiary of Walmart is increasing the fees to join both its Club and Plus membership tiers. In an email to Chain Store Age, Sam’s Club will raise the annual cost of a basic Club account from $50 to $60 and the yearly price of a premium Plus membership from $110 to $120, effective Friday, May 1, 2026