Chris, Anne, and Emma the Intern discuss all the week’s top news including a blunder for the ages at Nike, Target’s rather murky earnings release, candy delivering robots, Albertsons going against the grain if you ask delivery pundits, and Amazon Go opening up in London.
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Walmart’s Flipkart in early SPAC talks, BB&B bets on in-house brands, ThredUp files for IPO, Values of malls fall 60%
Today’s Top Talk covers Walmart’s Flipkart in early SPAC talks, BB&B betting on in-house brands, ThredUp filing for an IPO, and post-pandemic values of malls falling by 60%.
Target to Invest $4 Billion to Speed Along New Stores and Remodels, Expand Ability to Fill Online Orders
Target said Tuesday that it hopes to build on recent growth by investing about $4 billion annually over the next few… Continue Reading
Nike’s North American Head Steps Down After Report Reveals Ties to Resale Business
Nike Inc on Monday announced the departure of North American business general manager Ann Hebert, days after a report that… Continue Reading
Amazon Taking Checkout-free Store Concept to the U.K.
Amazon Go is moving across the pond. The checkout-free convenience store format will open its first U.K. location this week,… Continue Reading
At Least 2M Amazon Customers Went to Kohl’s to Make a Return Last Year
Kohl’s is among the many retailers that in 2021 can at least look forward to beating the results it had… Continue Reading
Macy’s Shakes up Leadership, Nixes COO Role
Apparently in response to the pandemic’s acceleration of several shifts in the retail industry — including the rise of e-commerce and off-price and the downfall of… Continue Reading
Instacart Doubles Valuation to Whopping $39 Billion
Grocery-delivery company Instacart announced that it raised $265 million in a funding round that valued the business at $39 billion…. Continue Reading
Klarna Confirms New $31B Valuation
Klarna, the Swedish buy now, pay later behemoth and upstart bank, has raised $1 billion in new funding at a… Continue Reading
The Michaels Companies Enters Into a Definitive Agreement to Be Acquired by Funds Managed by Apollo Global Management
The Michaels Companies (NASDAQ: MIK) (“Michaels” or “the Company”) and funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO)… Continue Reading
Smiley the Robot Brings Customers Candy as They Shop
Smiley the robot is a new member of the Mars Wrigley staff and it was created to bring consumers candy… Continue Reading
Instacart valuated at $39B, Klarna valuated at $31B, Michaels Companies acquired, Smiley the Robot delivers candy
Today’s Top Talk covers Instacart and Klarna’s whopping valuations, The Michaels Companies being acquired, and Smiley the Robot.
Target Earnings Top Estimates as Sales Rise 21%, Boosted By a Surge of Post-Holiday Shoppers
Target’s earnings topped Wall Street’s estimates, as its sales got a lift from a strong holiday season and store traffic… Continue Reading
Amazon Taking Checkout-Free Store Concept to the U.K.
Amazon Go is moving across the pond. The checkout-free convenience store format will open its first U.K. location this week,… Continue Reading
Nike’s North American Head Steps Down After Report Reveals Ties to Resale Business
Nike Inc on Monday announced the departure of North American business general manager Ann Hebert, days after a report that… Continue Reading
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. 