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Kohl’s Workforce Cuts, Starbucks’ Sales Rebound, and The Container Store’s Bankruptcy Exit
Welcome to Omni Talk's Retail Daily Minute, sponsored by Mirakl.
In today's Retail Daily Minute:
- Kohl’s Reduces Corporate Workforce by 10% – Under new CEO Ashley Buchanan, Kohl’s is cutting 200 corporate jobs and closing 27 stores as part of a strategy shift to improve efficiency and profitability.
- Starbucks Reports Signs of Recovery – Starbucks’ same-store sales decline slows to 4% as new CEO Brian Niccol pushes menu simplifications, faster service, and the elimination of nondairy milk surcharges.
- The Container Store Exits Chapter 11 Bankruptcy – Now privately owned by its lenders, The Container Store sheds $88M in debt and secures $80M in new financing, aiming for strategic growth in a competitive retail market.
Stay informed with Omni Talk's Retail Daily Minute, your source for the latest and most important retail insights. Be careful out there!
View all episodes
By Omni Talk Retail
5
66 ratings
Welcome to Omni Talk's Retail Daily Minute, sponsored by Mirakl.
In today's Retail Daily Minute:
- Kohl’s Reduces Corporate Workforce by 10% – Under new CEO Ashley Buchanan, Kohl’s is cutting 200 corporate jobs and closing 27 stores as part of a strategy shift to improve efficiency and profitability.
- Starbucks Reports Signs of Recovery – Starbucks’ same-store sales decline slows to 4% as new CEO Brian Niccol pushes menu simplifications, faster service, and the elimination of nondairy milk surcharges.
- The Container Store Exits Chapter 11 Bankruptcy – Now privately owned by its lenders, The Container Store sheds $88M in debt and secures $80M in new financing, aiming for strategic growth in a competitive retail market.
Stay informed with Omni Talk's Retail Daily Minute, your source for the latest and most important retail insights. Be careful out there!
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