🕔 Retail Daily Minute | Walmart Hits $1 Trillion Market Cap, Kroger Expands Marketplace Stores & Peloton Cuts 11% of Workforce

Hello Omni Talk Fans! Man, talk about nowhere to go but down. John Furner definitely has some high expectations in front of him.

In today’s Retail Daily Minute:

Walmart crosses the $1 trillion market cap threshold.
Kroger doubles down on large-format Marketplace stores, investing heavily in 99,000+ square foot locations across Indiana, Texas, and West Virginia.
Peloton lays off 11% of its workforce as part of a $100 million cost-cutting.

Plus, a quote from the greatest biking movie with Kevin Bacon ever put on film.

👇 Listen now

Today’s Top Headlines

1. Walmart Reaches Exclusive $1 Trillion Market Cap Milestone

Walmart reached a $1 trillion market cap Tuesday, joining a tech-dominated club through digital business growth and new customer acquisition. Stock surged 28% over the past year, driven by its high-margin third-party marketplace and advertising expansion. The milestone arrives as new CEO John Furner assumes leadership following Doug McMillon. (Read More)

2. Kroger Expands Marketplace Stores After Failed Albertsons Merger

Kroger is aggressively expanding its Marketplace banner following its failed Albertsons merger, with multiple large-format stores planned across Indiana and Texas. The 99,000-130,000 square-foot locations combine groceries with general merchandise. The expansion includes a $200 million 2026 investment, reflecting the grocer’s accelerated competitive growth strategy. (Read More)

3. Peloton Cuts 11% Workforce Amid Revenue Sales Decline

Peloton laid off 11% of its workforce as part of a $100 million cost savings plan, facing falling sales and declining membership. Revenue dropped 6% in Q1 following post-pandemic challenges. CEO Peter Stern calls the restructuring necessary for long-term business health as the company raised membership prices across all tiers and revamped products. (Read More)

4. Amazon Alexa+ Updates Roll Out for Prime Subscribers

Amazon Prime subscribers are receiving Alexa+ Early Access updates featuring conversational AI, new voice options, and integrated booking services for Uber, Ticketmaster, and OpenTable. The upgrade remains free for Prime members, while non-Prime users will pay $19.99 monthly after Early Access ends. Users can revert to original Alexa. (Read More)

5. The Knot Launches First Wedding Industry ChatGPT App

The Knot launched the wedding industry’s first ChatGPT app, combining vendor discovery with OpenAI’s search technology. Features include personalized recommendations across 24 categories, AI-generated review summaries, and visual-first vendor discovery. The integration aims to simplify wedding planning as part of The Knot’s broader AI enhancement strategy. (Read More)

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