Saks Global Files Bankruptcy, Credit Card Bill Gains Trump Support & Fanatics Launches Studios

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

In today's Retail Daily Minute, Omni Talk's Chris Walton discusses:

1. Saks Global files for Chapter 11 bankruptcy with $1.75 billion financing package, as former Neiman Marcus CEO Geoffroy van Raemdonck takes over and reshapes leadership to rebuild vendor relationships.
2. The Credit Card Competition Act gains President Trump's endorsement, as bipartisan legislation seeks to break the Visa-Mastercard duopoly and give merchants routing alternatives for payment processing.
3. Fanatics launches Fanatics Studios with OBB Media, expanding into content creation with Olympic partnerships, celebrity documentaries, and projects across ESPN, WWE, and MLB.

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Be careful out there!