Walmart's JD.com Exit, Amazon's Returnless Refunds, and Macy's Sales Forecast Cut
Update: 2024-08-22
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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:
- Walmart has sold its stake in Chinese e-commerce giant JD.com for approximately $3.6 billion, ending an eight-year partnership.
- Amazon's new Fulfillment by Amazon Returnless Resolutions program allows sellers to issue refunds without requiring customers to return items.
- Macy’s has revised its full-year sales forecast downward after missing revenue targets, despite exceeding earnings expectations.
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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