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Ross Stores Crushes Estimates, Walmart Shakes Up Leadership & Starbucks Kills Its AI Inventory Tool
Season 2
Episode 287
Published 1 week, 6 days ago
Description
In today's Retail Daily Minute, Omni Talk's Chris Walton discusses:
- Ross Stores delivered a blowout fiscal first quarter, with revenue surging 21% and comparable sales up 17%, prompting the off-price giant to dramatically raise its full-year outlook.
- Walmart is reshuffling its executive ranks under new CEO John Furner, with Sam's Club COO Tom Ward and U.S. store operations head Cedric Clark both departing.
- Starbucks has scrapped its AI-powered automated inventory counting tool just nine months after a national rollout, after the app repeatedly miscounted and mislabeled products.
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