February 15, 2024

Walmart's Potential Vizio Acquisition, Target's Self-Checkout Adjustments, Hasbro's Revenue Decline, and Away's Organizational Restructuring

4 minutes

Stay updated with today's top stories in retail:

Walmart's Potential Vizio Acquisition: Walmart is in talks to acquire Vizio, a prominent smart TV manufacturer, for over $2 billion, aiming to enhance its advertising business and compete with rivals like Amazon, signaling the increasing importance of consumer data in retail.
Target's Self-Checkout Adjustments: Target is implementing reduced hours for self-checkout lanes in certain stores and limiting the number of items allowed, as part of its efforts to address missing inventory and shrinkage issues, following similar adjustments by other retailers like Walmart and Kroger.
Hasbro's Revenue Decline: Hasbro reported a significant decline in fourth-quarter revenue, attributing part of it to impairment charges related to divesting eOne, as well as nonrecurring inventory costs and royalty expenses, prompting actions such as selling its eOne business to Lionsgate and SKU reduction.
Away's Organizational Restructuring: Away, the direct-to-consumer luggage brand, is undergoing a significant organizational restructuring, including layoffs and elimination of its traditional executive team structure, aiming for agility and focus on brand building, retail expansion, and product innovation amidst evolving consumer trends.

Stay informed with Omni Talk's Retail Daily Minute and remember to use our special code "OMNITALK" to save on your registration for Shoptalk! #RetailNews #Walmart #Target #Hasbro #Away 🛍️📉🛄

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By Omni Talk Retail

77 ratings

February 15, 2024

Walmart's Potential Vizio Acquisition, Target's Self-Checkout Adjustments, Hasbro's Revenue Decline, and Away's Organizational Restructuring

4 minutes

Stay updated with today's top stories in retail:

Walmart's Potential Vizio Acquisition: Walmart is in talks to acquire Vizio, a prominent smart TV manufacturer, for over $2 billion, aiming to enhance its advertising business and compete with rivals like Amazon, signaling the increasing importance of consumer data in retail.
Target's Self-Checkout Adjustments: Target is implementing reduced hours for self-checkout lanes in certain stores and limiting the number of items allowed, as part of its efforts to address missing inventory and shrinkage issues, following similar adjustments by other retailers like Walmart and Kroger.
Hasbro's Revenue Decline: Hasbro reported a significant decline in fourth-quarter revenue, attributing part of it to impairment charges related to divesting eOne, as well as nonrecurring inventory costs and royalty expenses, prompting actions such as selling its eOne business to Lionsgate and SKU reduction.
Away's Organizational Restructuring: Away, the direct-to-consumer luggage brand, is undergoing a significant organizational restructuring, including layoffs and elimination of its traditional executive team structure, aiming for agility and focus on brand building, retail expansion, and product innovation amidst evolving consumer trends.

...more