Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl . In today's Retail Daily Minute: Gap Inc. reported a 1.6% sales increase in Q3, reaching $3.8 billion, and a 25.7% jump in net income, driven by strong online growth (+7%) and improvements across its brands. Amazon is discontinuing its fresh grocery delivery service in Germany, delegating the segment to Knuspr, part of the Rohlik Group. Jack in the Box is opening five new locations in Detroit, Michigan, as part of a br...
Nov 25, 2024•5 min•Ep 250•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl . In today's Retail Daily Minute: Target’s financial struggles have been linked to a misjudgment of consumer demand and overstocked inventory, despite claims of port strike preparations. Trade data shows flat import levels, with Target’s $1.2 billion inventory value exceeding Walmart’s. Walmart has reduced U.S. delivery costs by 40% for three consecutive quarters through automation, delivery densification, and more effi...
Nov 22, 2024•6 min•Ep 249•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl . In today's Retail Daily Minute: Target’s share price dropped after lowering its full-year earnings outlook, marking its biggest single-day decline since May 2022. TikTok is testing product links embedded directly in posts, streamlining the shopping experience for users. Qurate Retail Group , now rebranded as QVC Group, is pivoting to live social shopping with plans to generate $1.5 billion in revenue from streaming pl...
Nov 21, 2024•6 min•Ep 248•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl . In today's Retail Daily Minute: Walmart has reported a 5.3% rise in U.S. sales and an 8.2% profit increase last quarter, driven largely by households earning over $100,000 annually. AI search engine Perplexity has introduced a shopping feature for Pro users in the U.S., enabling purchases directly within search results. Google Lens now offers real-time product reviews, price comparisons, and local inventory checks for...
Nov 20, 2024•5 min•Ep 247•Transcript available on Metacast 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 ...
Nov 19, 2024•5 min•Ep 246•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl . In today's Retail Daily Minute: Nordstrom enhances its mobile app with generative AI tools, including trend reports, personalized recommendations, and “Style Swipes” for tailored shopping experiences. Amazon introduces affordable fixed pricing for treatments like erectile dysfunction and hair loss for Prime members. Inditex , Zara’s parent company, explores radio-emitting threads in garments to prevent theft, signalin...
Nov 18, 2024•6 min•Ep 245•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl . In today's Retail Daily Minute: Starbucks has integrated DoorDash delivery directly into its app for U.S. and Canadian customers, excluding Quebec. Grove Collaborative is pulling out of brick-and-mortar partnerships to focus exclusively on direct-to-consumer sales. Amazon has scrapped its fertility tracking project, “Encore,” developed under its Grand Challenge division, amid broader cost-cutting measures. Stay inform...
Nov 15, 2024•5 min•Ep 244•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl . In today's Retail Daily Minute: Wonder is acquiring Grubhub from Just Eat Takeaway for $650 million, aiming to expand its reach in the delivery-focused food hall market. CVS is rolling out programmatic in-store audio ads through its CVS Media Exchange, in partnership with The Trade Desk and Vibenomics. Ulta Beauty is advancing its supply chain with enhanced regional distribution centers and new market fulfillment cent...
Nov 14, 2024•6 min•Ep 243•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl . In today's Retail Daily Minute: Home Depot’s recent acquisition of SRS Distribution, coupled with hurricane-related repairs, has driven a 6% year-over-year increase in quarterly sales. Steve Madden is reducing its reliance on Chinese imports by 40-45% over the next year due to potential tariff hikes proposed by President-elect Trump. Shopify’s Q3 saw a 26% increase in revenue and a 24% rise in gross merchandise volume...
Nov 13, 2024•6 min•Ep 242•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl . In today's Retail Daily Minute: Vuori has raised $825 million from General Atlantic and Stripes, boosting its valuation to $5.5 billion. Amazon Fresh has opened eight new stores in California, New York, Maryland, Pennsylvania, and New Jersey, bringing its total to 60 locations. Midwest and Western grocers, like Bowman's Market, Maurer's Market IGA, Neiman's Family Market, Queen's Price Chopper and Soelbergs Market, ar...
Nov 12, 2024•5 min•Ep 241•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Walmart is testing a new mobile technology that enables staff—and potentially Walmart+ members in the future—to unlock display cases remotely, improving security while enhancing customer convenience. Amazon introduces “X-Ray Recaps” on Prime Video, providing spoiler-free summaries for shows and seasons using generative AI. Block , the parent company of Cash App and...
Nov 11, 2024•6 min•Ep 240•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: e.l.f. Beauty is set to introduce its products at select Dollar General stores starting in November. American Freight is closing all U.S. locations due to economic pressures impacting durable goods. Warby Parker reported a 13.3% revenue increase in Q3, driven by a 20% retail revenue boost. The eyewear company has opened 13 new stores this quarter, bringing the tota...
Nov 08, 2024•5 min•Ep 239•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Lowe’s Launches Digital Home Platform for MyLowe’sRewards Members: Lowe’s introduces a new Digital Home Platform, designed to help MyLowe’sRewards members manage home appliance maintenance with personalized features, such as warranties, manuals, and maintenance tips. Returnless Refunds Gain Popularity Among Top Retailers: Major retailers like Amazon, Walmart, and T...
Nov 07, 2024•5 min•Ep 238•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Amazon Expands FoodMaxx Grocery Delivery in California: Amazon is broadening its grocery delivery footprint in California by adding FoodMaxx stores in major cities like Sacramento and San Jose to its Prime same-day delivery offerings. General Mills Enhances Operations with “MillsChat” AI Tool: General Mills is seeing operational benefits from its generative AI tool...
Nov 06, 2024•6 min•Ep 237•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Kroger Launching “Asian Experience” Stores in Texas: Kroger is expanding its culturally specific grocery offerings by introducing two “Asian Experience” stores in Dallas, set to open next year. Retailers Reassess DEI Initiatives Amid Political Polarization: Facing potential backlash, retailers are reassessing their Diversity, Equity, and Inclusion (DEI) strategies ...
Nov 05, 2024•6 min•Ep 236•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Starbucks CEO Brian Niccol Aims for Faster Service and Better Atmosphere: New Starbucks CEO Brian Niccol is revamping the brand by focusing on faster service, aiming for four-minute order times, and reintroducing cozy café features like comfortable seating and ceramic mugs. OpenAI Launches ChatGPT Search: OpenAI has officially introduced ChatGPT search, positioning...
Nov 04, 2024•6 min•Ep 235•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Amazon Faces Delays in Alexa’s AI Overhaul: Amazon is encountering challenges in its ambitious plan to revamp Alexa with advanced AI, delaying completion to 2025. Starbucks Retires Oleato Line in North America: Starbucks is discontinuing its olive oil-infused Oleato drinks across the U.S. and Canada, focusing instead on core menu items under CEO Brian Niccol. DoorD...
Nov 01, 2024•5 min•Ep 234•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Meta is working on an independent search engine to power its AI chatbot, reducing its reliance on Bing and Google. The Children’s Place has launched a digital storefront on Shein’s U.S. platform, marking Shein’s shift to hosting third-party brands. Starting January, Starbucks corporate employees must work in-office three days per week or face possible termination. ...
Oct 31, 2024•5 min•Ep 233•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Walmart has halved the price of its Walmart Plus membership to $49 through December 2. Patagonia, in collaboration with Trove, is seamlessly blending pre-owned items with new products on its main website using Trove’s Resale Plugin. The American Customer Satisfaction Index (ACSI) has recognized leading retailers in customer satisfaction as the holiday season approa...
Oct 30, 2024•6 min•Ep 232•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Marks & Spencer is adding self-checkout units within fitting rooms in 100 stores by 2028, aiming to simplify and speed up the shopping experience. Walmart has introduced a 500-child onsite childcare center at its new Bentonville headquarters, meeting a top employee request as part of its return-to-office (RTO) strategy. Amazon is dealing with capacity constrain...
Oct 29, 2024•6 min•Ep 231•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Amazon Grocery Head Tony Hoggett Announces Departure: Amazon’s SVP of worldwide grocery, Tony Hoggett, will leave the company on November 1, 2024, after a pivotal tenure that oversaw operations for Amazon Fresh, Whole Foods Market, and Amazon Go. Tractor Supply Expands into Pet Care with Allivet Acquisition: Tractor Supply is acquiring online pet pharmacy Allivet t...
Oct 28, 2024•6 min•Ep 230•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Amazon Launches Low-Cost Storefront: Amazon is rolling out a new low-cost storefront, capping product prices at set limits for categories like jewelry, guitars, and sofas. This initiative, which competes directly with discount retailers like Temu and Shein, is designed to attract budget-conscious shoppers. The new storefront will ship orders directly from China and...
Oct 25, 2024•6 min•Ep 229•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Wayfair Launches New Paid Loyalty Program: Wayfair introduces a $29 per year loyalty program offering benefits like 5% back on all purchases, unlimited free shipping, and early access to sales across its brands. Amazon Partners with BP for Fuel Discounts for Prime Members: Amazon Prime members can now save $0.10 per gallon on gas at BP stations across the U.S. Chip...
Oct 24, 2024•5 min•Ep 228•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Walmart Launches Same-Day Prescription Delivery Nationwide : Walmart announces its new same-day prescription delivery service, available free for Walmart+ members, aiming to reach 86% of U.S. households by January 2024, setting the stage for a major shift in the retail pharmacy sector. Peloton Partners with Costco : Peloton collaborates with Costco to offer its pre...
Oct 23, 2024•5 min•Ep 227•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Walmart Brings Back Affordable Thanksgiving Meal Deal : Walmart reintroduces its popular Thanksgiving meal deal, offering a full dinner for up to eight people at just $52, keeping holiday hosting accessible despite inflation concerns. Bed Bath & Beyond Returns to Physical Retail : Bed Bath & Beyond partners with Kirkland’s Home to open up to five small-form...
Oct 22, 2024•5 min•Ep 226•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Amazon’s New Small-Format Grocery Store : Amazon introduces “Amazon Grocery” in Chicago, combining its grocery offerings with a nearby Whole Foods Market to streamline shopping for everyday essentials and specialty items. BuyBuy Baby Transitions to Online-Only : BuyBuy Baby plans to shuts down all its physical stores by the end of the year, pivoting to a fully digi...
Oct 21, 2024•5 min•Ep 225•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Gelson’s Launches ReCharge Convenience Store : Gelson’s Market introduces ReCharge by Gelson’s, a premium convenience store integrated with a 40-charger EV hub in Santa Ana, combining convenience and comfort for electric vehicle drivers. Popshelf’s Store Updates and New Loyalty Program : Popshelf, by Dollar General, revamps its store layout, expands product offerin...
Oct 18, 2024•6 min•Ep 224•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Ulta Beauty’s Bold Expansion Plans : Ulta Beauty outlines ambitious goals to reach 1,800 stores and grow its loyalty program to 50 million members by 2028, focusing on assortment, experience, and digital enhancements. Beyond Partners with The Container Store : Beyond Inc. invests $40 million in The Container Store to help it regain profitability, marking a return o...
Oct 17, 2024•6 min•Ep 223•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: Walgreens Announces Major Store Closures : Walgreens plans to shutter approximately 1,200 stores by 2027 as part of a strategic restructuring to address financial challenges and increasing competition in the retail pharmacy sector. Google Enhances Shopping with AI Integration : Google revolutionizes its shopping platform by introducing AI-driven features through it...
Oct 16, 2024•6 min•Ep 222•Transcript available on Metacast Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs , Ownit AI , and Mirakl . In today's Retail Daily Minute: 7-Eleven Closes 444 Stores : Facing economic pressures, declining cigarette sales, and shifting consumer behaviors, 7-Eleven plans to close 3% of its U.S. and Canadian locations while focusing on higher-demand areas. Amazon Streamlines Grocery and Retail Shopping : Amazon integrates Amazon.com, Amazon Fresh, and Whole Foods Market into a single service, offering Pr...
Oct 15, 2024•6 min•Ep 221•Transcript available on Metacast 
