REI Tightens Returns Policy, Overtime Rule Overturned, Barnes & Noble’s Resurgence

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

In today's Retail Daily Minute:

• REI will ban a small percentage of members with excessive return rates from making future returns or exchanges to protect its cooperative model.
• A Texas court has overturned the Department of Labor’s 2024 overtime rule, which sought to raise the salary threshold for overtime eligibility and introduce automatic updates every three years.
• Barnes & Noble is experiencing a renaissance under CEO James Daunt, who has shifted focus to empowering individual stores and curating inventory locally.

Stay informed with Omni Talk's Retail Daily Minute, your source for the latest and most important retail insights. Be careful out there!