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Macy's Profit Forecast, Walmart's Neighborhood Market Expansion, Party City's Store Revamp
Manage episode 419591450 series 3525932
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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:
- Macy's has raised its profit forecast for the year, citing the success of CEO Tony Spring's turnaround plan in mitigating the impact of cautious consumer spending.
- Walmart is expanding its Neighborhood Market format with new stores in Santa Rosa Beach, Florida, and Atlanta, Georgia, as part of a five-year growth plan to open 150 locations across its various banners.
- Party City is re-opening three stores with a new format in Maryland, Florida, and New Jersey, featuring dedicated service areas for balloons and "birthday worlds."
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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