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Home Depot Sees Boost in Sales, Steve Madden Shifts Sourcing, Shopify Reports Strong Growth
Season 1
Episode 242
Published 1 year, 6 months ago
Description
Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl.
In today's Retail Daily Minute:
- Home Depot’s recent acquisition of SRS Distribution, coupled with hurricane-related repairs, has driven a 6% year-over-year increase in quarterly sales.
- Steve Madden is reducing its reliance on Chinese imports by 40-45% over the next year due to potential tariff hikes proposed by President-elect Trump.
- Shopify’s Q3 saw a 26% increase in revenue and a 24% rise in gross merchandise volume, fueled by new merchants and enhanced services.
Stay informed with Omni Talk's Retail Daily Minute, your source for the latest and most important retail insights. Be careful out there!