Amazon's Strong Q1, Shein's Category Expansion, Save Mart's In-Store Retail Media Network
May 02, 2024•5 min•Season 1Ep. 120
Episode description
Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI. Ownit AI helps brands and retailers win Google search by answering their shopper's questions online. Learn more at ownit.co.
Here are today's top headlines:
- Amazon exceeds expectations in its first-quarter earnings report, with net income more than tripling to $10.4 billion and net sales rising by 13% to $143.3 billion.
- Shein, known for affordable fashion items, expands its platform to include household names like Colgate-Palmolive and Hasbro, diversifying its offerings beyond clothing and accessories.
- The Save Mart Companies introduces In-Store Connect, an in-store retail media network powered by Quad/Graphics Inc, initially deployed in 16 stores and eventually expanding chainwide.
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