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

In today's Retail Daily Minute, Omni Talk's Chris Walton discusses:

• Kroger shuts down three automated fulfillment centers to improve e-commerce profitability by $400M, pivoting to in-store fulfillment and expanded third-party partnerships with Instacart, DoorDash, and Uber.
• Home Depot misses earnings for the third straight quarter and lowers its full-year outlook, as homeowners delay major projects amid high mortgage rates and a weaker housing market.
• Foot Locker reverses its planned headquarters relocation to St. Petersburg, Florida, following its acquisition by Dick's Sporting Goods and a strategic reevaluation.

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Be careful out there!