🕔 Retail Daily Minute | PepsiCo's Pricing Blunder, Ace Hardware Teams With Uber Eats & Old Navy Sport Is Reportedly in the Works

Hello Omni Talk Fans! One of the things I love most about compiling this daily newsletter for you is that rare occasion when the day’s retail headlines intersect in the most rare and personal way.

Today is one of those days.

In today’s Retail Daily Minute:

PepsiCo’s Frito-Lay missed internal revenue targets by over a billion dollars two years running as $7 bags of Doritos pushed consumers to private-label alternatives, and now the company faces an uphill battle winning them back with price cuts that may not be enough given fresh macroeconomic pressures.
Ace Hardware is bringing more than 3,700 locations across all 50 states to the Uber Eats platform, giving its locally owned franchisees on-demand delivery capability.
Old Navy is said to be developing a new athleisure sub-brand called Old Navy Sport, potentially including a free-standing store format.

Plus, a quote from a film that may just have started the athleisure craze we know today.

👇 Listen now

Today’s Top Headlines

1. PepsiCo Slashes Snack Prices After Years of Revenue Losses

PepsiCo cut Frito-Lay snack prices by up to 15% after Doritos costs surged nearly 50%, Walmart slashed shelf space, and revenues badly missed targets by over $1B for two straight years running. But soaring oil prices from the ongoing Iran war now threaten to seriously undermine the long-overdue belated affordability push. (Read More)

2. Ace Hardware Joins Uber Eats for On-Demand Home Delivery

Ace Hardware is bringing over 3,700 stores across all 50 states to the Uber Eats platform, enabling on-demand and scheduled delivery of tools and home improvement products. The deal advances Uber Eats’ push beyond food into everyday retail, adding hardware and garden supplies to its growing non-food selection. (Read More)

3. Old Navy Launches New Athleisure Subbrand to Drive Growth

Old Navy is set to launch a bold new athleisure subbrand called Old Navy Sport later this year, featuring leggings, sweats, sport bras and T-shirts, and may open dedicated free-standing stores. Already ranked the US’s fifth largest athleisure retailer, the Gap-owned brand posted $8.7 billion in net sales in 2025, up 3%. (Read More)

4. Amazon and USPS Seal Deal Saves 80% of Package Deliveries

Amazon and USPS struck a new delivery deal on April 6, with USPS retaining 80% of its existing Amazon volume — over 1 billion packages per year. The agreement is a major financial lifeline for the cash-strapped postal agency, which had faced a threatened two-thirds cut and risks running out of cash by October 2026. (Read More)

5. Bed Bath & Beyond Plans a Major Global Expansion of Elfa

Bed Bath & Beyond plans to significantly expand Elfa, its custom storage brand acquired through The Container Store deal, across direct-to-consumer, retail, and international channels. Anders Rothstein has been named global CEO of Elfa International AB to spearhead distribution growth and new product categories. (Read More)

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