Walmart Scales Back DEI, Kohl’s Struggles Persist, and Dick’s Sporting Goods Shines
Update: 2024-11-27
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Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl.
In today's Retail Daily Minute:
- Walmart has announced significant cutbacks to its diversity, equity, and inclusion (DEI) initiatives, including ceasing the use of DEI language in official communications and reducing racial equity training.
- Kohl’s continues to struggle, with Q3 net sales dropping 8.7% to $3.5 billion and comparable sales falling 9.3%. Incoming CEO Ashley Buchanan faces mounting pressure to navigate these challenges.
- Dick’s Sporting Goods reported better-than-expected Q3 results, with earnings of $2.75 per share on $3.06 billion in revenue, beating analyst projections.
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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