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Kohl’s Stock Plunge, Amazon Prime and Grubhub Partnership, Walgreens Price Reductions
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Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl. Ownit AI helps brands and retailers win Google search by answering their shopper's questions online. Learn more at ownit.co. Mirakl is the global leader in platform business innovation for eCommerce. Companies like Macy’s, Nordstrom, and Kroger use Mirakl to build disruptive growth and profitability through marketplace, dropship, and retail media. For more, visit mirakl.com
Here are today's top headlines:
- Kohl’s faced its worst day ever on the stock market, with shares plummeting as much as 26% following a surprise quarterly loss and a downward revision of its annual sales and profit forecasts.
- Amazon Prime members now enjoy free food delivery through Grubhub as part of their subscription, with no additional fees for orders of $12 or more.
- Walgreens has implemented immediate price reductions on over 1,500 items, aiming to attract shoppers amidst concerns over inflation and high prices.
Stay informed with Omni Talk's Retail Daily Minute, your source for the latest and most important retail insights. Be careful out there!
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