Ross Stores Crushes Estimates, Walmart Shakes Up Leadership & Starbucks Kills Its AI Inventory Tool

ed by Duvo and Mirakl.In today's Retail Daily Minute, Omni Talk's Chris Walton discusses:Ross Stores delivered a blowout fiscal first quarter, with revenue surging 21% and comparable sales up 17%, prompting the off-price giant to dramatically raise its full-year outlook.Walmart is reshuffling its executive ranks under new CEO John Furner, with Sam's Club COO Tom Ward and U.S. store operations head Cedric Clark both departing.Starbucks has scrapped its AI-powered automated inventory counting tool just nine months after a national rollout, after the app repeatedly miscounted and mislabeled products.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.