Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl. Ownit AI helps brands and retailers win Google search by answering their shopper's questions online. Learn more at ownit.co. Mirakl is the global leader in platform business innovation for eCommerce. Companies like Macy’s, Nordstrom, and Kroger use Mirakl to build disruptive growth and profitability through marketplace, dropship, and retail media. For more, visit mirakl.com

Here are today's top headlines:

1. Macy’s has relaunched its Epic Threads private label, focusing on kids' apparel and accessories.
2. Simbe has introduced two innovative products aimed at transforming retail store operations.
3. Burberry CEO Jonathan Akeroyd has stepped down abruptly as the luxury brand faces a significant sales downturn, with a more than 20% drop in the latest quarter.

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

Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl. Ownit AI helps brands and retailers win Google search by answering their shopper's questions online. Learn more at ownit.co. Mirakl is the global leader in platform business innovation for eCommerce. Companies like Macy’s, Nordstrom, and Kroger use Mirakl to build disruptive growth and profitability through marketplace, dropship, and retail media. For more, visit mirakl.com

Here are today's top headlines:

1. Macy's Inc. has officially ended negotiations with Arkhouse Management and Brigade Capital Management regarding a potential $6.9 billion takeover bid.
2. IKEA U.S. has launched a comprehensive Spanish-language e-commerce platform, enhancing accessibility for Spanish-speaking customers.
3. Walmart is introducing Mr Gatti's Pizza shops to 92 locations across southern states by the end of 2024 as part of its $9 billion store renovation project.

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

Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl. Ownit AI helps brands and retailers win Google search by answering their shopper's questions online. Learn more at ownit.co. Mirakl is the global leader in platform business innovation for eCommerce. Companies like Macy’s, Nordstrom, and Kroger use Mirakl to build disruptive growth and profitability through marketplace, dropship, and retail media. For more, visit mirakl.com

Here are today's top headlines:

1. Amazon has rolled out its generative AI assistant, Rufus, to all U.S. customers, expanding beyond beta testing.
2. According to Sensor Tower, Walmart's retail media network generated 11 billion impressions in Q1, surpassing competitors like Target.
3. Lego has launched a Supplier Sustainability Program to reduce its carbon footprint across its supply chain.

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

Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl. Ownit AI helps brands and retailers win Google search by answering their shopper's questions online. Learn more at ownit.co. Mirakl is the global leader in platform business innovation for eCommerce. Companies like Macy’s, Nordstrom, and Kroger use Mirakl to build disruptive growth and profitability through marketplace, dropship, and retail media. For more, visit mirakl.com

Here are today's top headlines:

1. Costco announces its first membership fee increase since 2017, effective September 1, 2024.
2. Hy-Vee deploys VusionGroup’s electronic shelf tags in over 230 stores to enhance operational efficiency and customer experience.
3. Walmart plans to open five new automated distribution centers across the U.S., each spanning approximately 700,000 square feet.

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

Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl. Ownit AI helps brands and retailers win Google search by answering their shopper's questions online. Learn more at ownit.co. Mirakl is the global leader in platform business innovation for eCommerce. Companies like Macy’s, Nordstrom, and Kroger use Mirakl to build disruptive growth and profitability through marketplace, dropship, and retail media. For more, visit mirakl.com

Here are today's top headlines:

• Tom Peddie returns to Nike as vice president of marketplace partners, succeeding Jim Reynolds. With a 30-year tenure at Nike, including leadership roles like VP and GM of North America, Peddie's return aims to recalibrate Nike's direct-to-consumer and wholesale strategies amidst evolving market dynamics.
• Starbucks partners with 30 quick-serve restaurants in Petaluma, California, for a city-wide pilot to test reusable to-go cups.
• Kroger unveils "Boost Bonus Days," a two-week promotion from July 10 to 23, offering extra savings and perks for Boost membership holders.

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

Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl. Ownit AI helps brands and retailers win Google search by answering their shopper's questions online. Learn more at ownit.co. Mirakl is the global leader in platform business innovation for eCommerce. Companies like Macy’s, Nordstrom, and Kroger use Mirakl to build disruptive growth and profitability through marketplace, dropship, and retail media. For more, visit mirakl.com

Here are today's top headlines:

1. Walmart is slashing its Walmart+ membership fee from $98 to $49 until July 18, directly challenging Amazon's Prime Day event.
2. Sam's Club is increasing the minimum spend requirement for free shipping for its Plus members starting August 19. Previously enjoying free shipping, Plus members must now spend at least $50 per order or pay an $8 fee.
3. Hy-Vee partners with PayPal to offer PayPal and Venmo as digital payment options for its Aisles Online platform starting July 8, 2024.

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

Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl. Ownit AI helps brands and retailers win Google search by answering their shopper's questions online. Learn more at ownit.co. Mirakl is the global leader in platform business innovation for eCommerce. Companies like Macy’s, Nordstrom, and Kroger use Mirakl to build disruptive growth and profitability through marketplace, dropship, and retail media. For more, visit mirakl.com

Here are today's top headlines:

1. Co-op's Walmart Partnership: Great Britain’s Co-op collaborates with Walmart to enhance its online grocery services using Walmart Commerce Technologies’ "Store Assist" platform.
2. Macy's Acquisition Bid Increases: Arkhouse Management and Brigade Capital Management raise their bid to acquire Macy’s to $24.80 per share, totaling approximately $6.9 billion.
3. Grocery Industry Returns to Pre-Pandemic Profit Margins: FMI, The Food Industry Association, reports that the grocery sector has reverted to pre-pandemic profit margins and same-store sales growth rates in 2023.

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

Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl. Ownit AI helps brands and retailers win Google search by answering their shopper's questions online. Learn more at ownit.co. Mirakl is the global leader in platform business innovation for eCommerce. Companies like Macy’s, Nordstrom, and Kroger use Mirakl to build disruptive growth and profitability through marketplace, dropship, and retail media. For more, visit mirakl.com

Here are today's top headlines:

• Hudson's Bay Company completes a $2.65 billion acquisition of Neiman Marcus, forming Saks Global. Backed by Amazon and Salesforce, this merger aims to dominate luxury retail with brands like Saks Fifth Avenue and Neiman Marcus.
• The European Union proposes eliminating duty-free thresholds on imports from Chinese online retailers like Temu, Shein, and AliExpress, responding to a flood of low-cost parcels.
• Target discontinues personal check payments, effective this month, citing declining usage in favor of digital alternatives like credit cards and digital wallets.

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