Retail Daily Minute | PepsiCo's Pricing Blunder, Ace Hardware Teams With Uber Eats & Old Navy Sport Is Reportedly in the Works
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:
PepsiCo's Frito-Lay missed internal revenue targets by over a billion dollars two years running as $7 bags of Doritos pushed consumers to private-label alternatives, and now the company faces an uphill battle winning them back with price cuts that may not be enough given fresh macroeconomic pressures.
Ace Hardware is bringing more than 3,700 locations across all 50 states to the Uber Eats platform, giving its locally owned franchisees on-demand delivery…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.