Gap’s Positive Momentum, Amazon’s Grocery Pivot in Germany, and Jack in the Box Expands in Detroit
Update: 2024-11-25
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Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl.
In today's Retail Daily Minute:
- Gap Inc. reported a 1.6% sales increase in Q3, reaching $3.8 billion, and a 25.7% jump in net income, driven by strong online growth (+7%) and improvements across its brands.
- Amazon is discontinuing its fresh grocery delivery service in Germany, delegating the segment to Knuspr, part of the Rohlik Group.
- Jack in the Box is opening five new locations in Detroit, Michigan, as part of a broader growth strategy that includes prior announcements for Grand Rapids and new units in Chicago, Florida, and Georgia.
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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