Hello Omni Talk Fans!
In today’s Retail Daily Minute:
- Target raises its fiscal-year outlook for the second time this year, with comp sales up 3.8% on traffic gains, though part of the earnings boost comes from a one-time tariff refund.
- Amazon plans to expand Prime Air drone delivery to nearly 500 cities and towns by year’s end, a sixfold jump as it races Walmart and DoorDash for last-mile speed.
- Online grocery sales rose 21.5% year-over-year in July even as in-store grocery sales declined, per new Brick Meets Click survey data.
Plus, all these drone announcements of late leave me wondering if they wouldn’t all be better summed up by the title of the movie from which today’s movie quote is taken.
👇 Listen now
Today’s Top Headlines
1. Target Raises Full-Year Outlook Again as Turnaround Accelerates
Target raised its full-year sales outlook for a second straight quarter, now guiding to about 5% net sales growth, as CEO Michael Fiddelke’s turnaround gains traction. Q2 net sales rose 5.3% to $26.5 billion, comparable sales climbed 3.8%, traffic grew 3.6% and digital sales jumped 8.7%, helped by cuts on 10,000+ items. (Read More)
2. Amazon to Expand Prime Air Drone Delivery Sixfold by Year-End
Amazon will expand Prime Air drone delivery to nearly 500 US cities and towns by the end of 2026, a sixfold jump from its current footprint across seven states. New metros include Atlanta, Chicago, Cleveland, Boise and Syracuse, moving items under 5 pounds in as fast as 30 minutes as it battles Walmart on shipping speed. (Read More)
3. Online Grocery Jumps 21.5% While In-Store Grocery Sales Slide
US online grocery sales rose 21.5% year over year in July while in-store grocery sales fell 2.6%, according to Brick Meets Click. Order frequency among monthly active users climbed 14.9%, with delivery driving roughly 60% of the gain and ship-to-home a quarter, pressuring grocers to defend store traffic and margins. (Read More)
4. Foot Locker Lands on Instacart With One-Hour Sneaker Delivery
Instacart is adding Foot Locker, Kids Foot Locker and Champs Sports to its Marketplace, letting shoppers order footwear, apparel and accessories from more than 1,000 US locations for delivery in as fast as one hour with no markups. The tie-up targets back-to-school demand and extends Instacart beyond grocery aisles. (Read More)
5. Nike Quietly Shuts More Than a Dozen Neighborhood Stores in US
Nike has quietly shut at least 15 of its hyperlocal neighborhood stores, launched as Nike Live in 2018 and later rebranded as Nike Well Collective, across 12 states including California, Texas and New York. CEO Elliott Hill says Nike will keep elevating its fleet and closing doors that no longer fit its strategy. (Read More)
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— Chris and the entire Omni Talk team
Omni Talk® is the retail blog for retailers, written by retailers. Chris Walton founded Omni Talk® in 2017 and have quickly turned it into one of the fastest growing blogs in retail.