🕔 Retail Daily Minute | Macy's Stages a Real Comeback, Ulta Beauty Crushes Q1 & Amazon Reinvents Visual Search

Hello Omni Talk Fans! Tony Spring deserves high praise for his leadership at Macy’s.

In today’s Retail Daily Minute:

Macy’s reports Q1 net sales of $4.7B, up 1.8% YoY, with comps rising 3% overall and 2.4% at its 200 reimagined stores.
Ulta Beauty beats top and bottom line estimates with EPS of $7.74 vs. $6.86 expected and revenue of $3.16B, raises full-year EPS guidance, and credits its TikTok Shop launch, Rare Beauty addition, and fragrance strength for a standout fiscal Q1.
Amazon expands AI-powered visual search in its shopping app with real-time generative image suggestions, “Shop by Style” shoppable collages, and visual filter capabilities.

Plus, a movie quote from the aptly named The Truth About Spring.

👇 Listen now

Today’s Top Headlines

1. Macy’s Q1 Revenue Up 1.8% as Net Income Surges 66% to $63M

Macy’s Q1 net sales rose 1.8% YoY to $4.7B; overall comps up 3%. Bloomingdale’s surged 10.2% (7th straight quarterly gain), Bluemercury 6.4%, & 200 reimagined Macy’s stores posted strong 2.4% comps. Net income soared 66% to $63M, even as tariffs squeezed gross margin by 30 basis points to 38.9%. (Read More)

2. Ulta Beauty Beats Q1 Estimates and Raises Full-Year EPS Outlook

Ulta Beauty Q1 net sales rose 11% to $3.16B, beating estimates. Comparable sales surged 5.3% vs. 4.6% expected. EPS of $7.74 topped the $6.86 forecast. Fragrances led category growth; TikTok Shop & 20+ new brand launches, including Rare Beauty, fueled momentum. Full-year EPS guidance raised. (Read More)

3. Amazon Adds AI Visual Search and Alexa Shopping Feature to App

Amazon’s shopping app now offers AI-powered visual search features, including real-time AI-generated images, “Shop by Style” shoppable outfit collages, and descriptive visual filters. The retailer also rolled out Alexa for Shopping, combining Alexa+ and the former Rufus AI assistant for seamless voice and touch-based shopping. (Read More)

4. GameStop Posts Record Q1 Net Income With Net Sales Rising 14%

GameStop Q1 net income surged to a record $389.6M, with operating income of $143.3M — also a historic Q1 high. Net sales rose 14% to $835.3M, strongly led by collectibles at 41.8% of sales. CEO Ryan Cohen’s $56B eBay bid was rejected; the board approved a $2B share buyback through 2029. (Read More)

5. Walmart-Backed OnePay Doubles Users to 6M to Challenge Banks

Walmart-backed fintech OnePay is aggressively challenging traditional banks, reaching 6M monthly active users — double from a year ago — and managing $50B in funds. Backed by Ribbit Capital, it offers no-fee checking, 3.35% APY savings, and 3% Walmart cashback, targeting underbanked consumers nationwide. (Read More)

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