Kroger Closes Fulfillment Centers, Home Depot Cuts Outlook & Foot Locker Cancels Florida Move

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.The Retail Daily Minute has been rocketing up the Feedspot charts, so stay informed with Omni Talk's Retail Daily Minute, your source for the latest and most important retail insights. Be careful out there!