Nov. 26, 2024

Macy’s Accounting Scandal, Amazon’s $4B Anthropic Reinvestment, and Big Lots’ Nexus Takeover

Macy’s Accounting Scandal, Amazon’s $4B Anthropic Reinvestment, and Big Lots’ Nexus Takeover
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Macy’s Accounting Scandal, Amazon’s $4B Anthropic Reinvestment, and Big Lots’ Nexus Takeover
Macy’s Accounting Scandal, Amazon’s $4B Anthropic Reinvestment, and Big Lots’ Nexus Takeover
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Season 1

Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl.

In today's Retail Daily Minute:

  • Macy’s uncovered $154 million in hidden delivery expenses linked to a single former employee, prompting an independent investigation and delaying its earnings release to December 11.
  • Amazon is deepening its commitment to generative AI with an additional $4 billion investment in Anthropic.
  • Big Lots’ Chapter 11 bankruptcy has led to a $2.5 million cash acquisition deal with Nexus Capital Management.

Stay informed with Omni Talk's Retail Daily Minute, your source for the latest and most important retail insights. Be careful out there!