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Target, Walmart, CVS Team Up to Get Rid of Plastic Bags

  • Companies fund a competition to find a replacement or solution
  • The use of bags has risen during the coronavirus outbreak
A pedestrian holding a Target Corp. shopping bag uses a mobile phone in San Francisco, California.

A pedestrian holding a Target Corp. shopping bag uses a mobile phone in San Francisco, California.

Photographer: David Paul Morris/Bloomberg

The world’s biggest retailers are trying to replace the plastic shopping bag.

Target Corp., Walmart Inc. and CVS Health Corp. unveiled a $15 million joint initiative on Tuesday to replace plastic bags with something else over the next three years. The companies, which each contributed $5 million, aim to create a global competition to find a way to change plastic bags or make them unneeded. Walgreens Boots Alliance Inc. and Kroger Co. also plan to be involved.