Supply Chain Pressures, Simon Property Group's Stake Reduction, and Under Armour's Stalling Turnaround Efforts

Welcome to Omni Talk's Retail Daily Minute! Here are today's top headlines:

1. According to a report from the Federal Reserve Bank of New York, supply chain pressures saw a slight increase at the beginning of the year but remained relatively low overall.
2. Simon Property Group, a major mall real estate investment trust, announced a reduction in its stake in brand management firm Authentic Brands Group for $300 million in cash.
3. Under Armour faces challenges in its turnaround efforts, with Q3 revenue declining 6% largely due to a 12% drop in North America revenue, its largest region.

Stay tuned for more retail insights from Omni Talk's Retail Daily Minute and don't forget to use our code "OMNITALK" to save 10% on your registration for Shoptalk. #RetailRecap #SupplyChain #SimonPropertyGroup #UnderArmour #RetailNews 🛍️📉🏋️‍♂️