Big Lots Bankruptcy Filing, FDA Nutrition Label Proposal, and Family Dollar’s AI Merchandising Partnership
Update: 2024-09-10
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Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl.
Here are today's top headlines:
- Big Lots, the discount retailer, has filed for Chapter 11 bankruptcy in Delaware, citing liabilities between $1 billion and $10 billion.
- The U.S. Food and Drug Administration (FDA) is set to propose new rules for front-of-package (FOP) nutrition labels, aiming to help consumers make healthier food choices more easily.
- Family Dollar has teamed up with data science company Dunhumby to implement an AI-driven platform designed to optimize product assortment and improve category management across its stores.
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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