Retail Daily Minute | Lululemon Slashes Guidance, Walmart Enters Restaurant Delivery & The Mall App Launches
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 skinny
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