Walmart-Symbotic Deal, Lowe’s Digital Home Rebrand, and Amazon Workforce Cuts

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

In today's Retail Daily Minute:

• Symbotic Acquires Walmart’s Robotics Division – In a $550M deal, Symbotic takes over Walmart’s advanced systems, expanding automation solutions for online pickup and delivery across 400 stores and adding $5B to its future workload.
• Lowe’s Rebrands Digital Home Platform – Lowe’s relaunches as MyLowe’s Home, integrating generative AI to assist with home maintenance, product recommendations, and centralized home management tools for MyLowe’s Rewards members.
• Amazon Cuts 200 Retail Operations Roles – Amazon trims its workforce in North America retail operations, marking its latest effort to streamline teams and enhance agility amidst evolving business demands.

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