Fast Five | Macy's Store Closures, Amazon Scheduled Deliveries & How Do You Say ChatGPT In French?
Feb 28, 2024 - omnitalk.blog
This article discusses the latest retail news roundup from Omni Talk, sponsored by the A&M Consumer and Retail Group, Wiliot, Avalara, TGW, and Sezzle. Key topics include Macy’s decision to close 150 stores, Amazon’s move to offer scheduled grocery delivery, Microsoft's investment in Mistral AI, Schnucks' smart cart from Instacart pilot, and Marc Lore’s restaurant startup, Wonder, opening up inside a Walmart store. The article also mentions the Omni Talk team's podcast news roundup and their upcoming participation in CommerceNext in NYC in June.
In other news, the article highlights trending topics such as Walmart's reduction of store-to-home delivery costs by 20%, Wendy’s CEO announcing surge pricing for the menu, Sprouts Farmers Market's plan to open 35 stores in 2024, Target limiting self-checkout hours in some stores due to missing inventory, FTC's lawsuit to block Kroger-Albertsons $24.6 billion merger, Amazon's expansion of smart carts pilot, Bitbrand's launch of a digital luxury marketplace, and Microsoft's partnership with Mistral AI.
Key takeaways:
Macy’s has made a bold decision to close 150 stores.
Amazon is offering scheduled grocery delivery, which could be a significant move for the year.
Microsoft is investing in Mistral AI to strengthen its Gen AI position.
Marc Lore’s restaurant startup, Wonder, is opening up inside a Walmart store.
