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Co-op's Walmart Partnership, Macy's Acquisition Bid, Grocery Industry Profitability Gets Pre-Pandemic
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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:
- Co-op's Walmart Partnership: Great Britain’s Co-op collaborates with Walmart to enhance its online grocery services using Walmart Commerce Technologies’ "Store Assist" platform.
- Macy's Acquisition Bid Increases: Arkhouse Management and Brigade Capital Management raise their bid to acquire Macy’s to $24.80 per share, totaling approximately $6.9 billion.
- Grocery Industry Returns to Pre-Pandemic Profit Margins: FMI, The Food Industry Association, reports that the grocery sector has reverted to pre-pandemic profit margins and same-store sales growth rates in 2023.
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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