Gap's Turnaround, Walmart's InHome Expansion, Dollar General's Self-Checkout Removal
Jun 03, 2024•5 min•Season 1Ep. 141
Episode description
Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl. Ownit AI helps brands and retailers win Google search by answering their shopper's questions online. Learn more at ownit.co. Mirakl is the global leader in platform business innovation for eCommerce. Companies like Macy’s, Nordstrom, and Kroger use Mirakl to build disruptive growth and profitability through marketplace, dropship, and retail media. For more, visit mirakl.com
Here are today's top headlines:
- Gap reported higher quarterly sales, marking a positive turnaround under CEO Richard Dickson's leadership. All four of Gap's brands—Gap, Old Navy, Banana Republic, and Athleta—posted gains in the latest quarter, with net sales rising by 3% to $3.4 billion.
- Walmart is expanding its In Home delivery service to five new markets across the United States, extending coverage to over 50 markets and 45 million homes nationwide.
- Dollar General is implementing significant changes to reduce shrink, including the removal of self-checkout from the majority of its stores and adjusting store remodel and opening plans for fiscal year 2024.
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