2 min

Amazon Axes Venmo, Robots Come To Hardware Retailing, & Foot Locker Surges Retail Daily Minute

    • Business News

In today's Retail Daily Minute, we cover three key headlines. First, PayPal's Venmo is set to be removed from Amazon, a move that impacts PayPal's growth strategy as Venmo has been popular among young consumers. Second, Stine, a regional hardware chain, deploys autonomous robots from Badger Technologies to improve inventory management, freeing up store associates and addressing labor shortages. Lastly, Foot Locker experiences a 16% surge in shares after beating earnings and sales expectations, with a more positive outlook on same-store sales despite ongoing challenges. Subscribe now to stay informed with the latest in retail news brought to you by Omni Talk.

In today's Retail Daily Minute, we cover three key headlines. First, PayPal's Venmo is set to be removed from Amazon, a move that impacts PayPal's growth strategy as Venmo has been popular among young consumers. Second, Stine, a regional hardware chain, deploys autonomous robots from Badger Technologies to improve inventory management, freeing up store associates and addressing labor shortages. Lastly, Foot Locker experiences a 16% surge in shares after beating earnings and sales expectations, with a more positive outlook on same-store sales despite ongoing challenges. Subscribe now to stay informed with the latest in retail news brought to you by Omni Talk.

2 min