Joann’s Nationwide Closure, IKEA Expands Small-Format Stores, and Schnucks Tests Late-Night Delivery

Welcome to Omni Talk's Retail Daily Minute, sponsored by Mirakl.

In today's Retail Daily Minute:

• Joann to Shut Down All 800+ Stores – After a second bankruptcy filing in less than a year, Joann’s auction winners—GA Group and its lenders—opted for liquidation.
• IKEA Expands Small-Format Store Strategy – IKEA plans to open seven "Plan & Order Point" locations and one new "Pick-Up Point" store in 2025.
• Schnucks Tests Late-Night Grocery Delivery with Instacart – Schnucks Markets is trialing late-night grocery delivery. The service offers fresh produce, packaged goods, alcohol, and home essentials—catering to late-night shopping needs.

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Be careful out there!