Retail Daily Minute | Target Raises Its Forecast, Amazon's Drones Go to 500 Cities & Online Grocery Keeps Eating Into Stores
Welcome to Omni Talk's Retail Daily Minute, sponsored by R&S Logistics, Duvo and Mirakl.
In today's Retail Daily Minute, Omni Talk's Chris Walton discusses:
Target raises its fiscal-year outlook for the second time this year, with comp sales up 3.8% on traffic gains, though part of the earnings boost comes from a one-time tariff refund.
Amazon plans to expand Prime Air drone delivery to nearly 500 cities and towns by year's end, a sixfold jump as it races Walmart and DoorDash for last-mile speed.
Online grocery sales rose 21.5% year-over-year in July even as in-store grocery sales declined…
The skinny
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