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Lululemon Slashes Guidance, Walmart Enters Restaurant Delivery & The Mall App Launches
Season 2
Episode 294
Published 9 hours ago
Description
Welcome to Omni Talk's Retail Daily Minute, sponsored by Duvo and Mirakl.
In today's Retail Daily Minute, Omni Talk's Chris Walton discusses:
- Walmart announces 30-minute delivery from 1,400 in-store Subway locations by midsummer, the opening move in a direct push into restaurant delivery that puts it on a collision course with DoorDash and Uber.
- Lululemon cuts its full-year revenue guidance to flat or declining, citing a wave of negative media coverage and underwhelming product launches, raising deeper questions about the brand's product innovation edge heading into a leadership transition.
- The Mall, a new startup founded by alums of Tom Ford and Stanford, launches an invite-only app that aggregates 10,000+ brands into a single personalized shopping feed, aiming to be the Spotify of online retail discovery.
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