Welcome to Omni Talk's Retail Daily Minute, sponsored by Mirakl.

In today's Retail Daily Minute:

• Klarna Replaces Affirm as Walmart’s BNPL Partner – Klarna secures a major win, becoming Walmart’s exclusive BNPL provider through OnePay, boosting its U.S. presence ahead of a potential IPO.
• Forever 21 Files for Bankruptcy Amid Fast-Fashion Turmoil – Facing fierce competition from ultra-low-cost online rivals like Temu and Shein, Forever 21 files for Chapter 11, highlighting industry-wide disruption.
• Hudson’s Bay on Brink of Collapse – The iconic Canadian retailer files for bankruptcy protection and prepares to liquidate its 96 stores, signaling a major shake-up in the department store sector.

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Be careful out there!