Welcome to Omni Talk's Retail Daily Minute, sponsored by Mirakl.
In today's Retail Daily Minute:
- Rite Aid offloads more than 1,000 stores, with CVS and other big players scooping up assets as the chain navigates a second bankruptcy and mounting opioid-related liabilities.
- Starbucks baristas walk out across 100+ stores, protesting a new dress code they say was imposed without union input—fanning the flames in an already tense labor fight.
- Canadian Tire acquires Hudson’s Bay brand rights, not just to preserve history, but to fuel future growth by revitalizing iconic Canadian retail names through new formats and store strategies.
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Be careful out there!