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Sycamore Closes Walgreens Deal & Splits Into 5 Companies, Best Buy Partners with Uber Eats & Walmart Challenges Amazon's Streaming
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Welcome to Omni Talk's Retail Daily Minute, sponsored by Mirakl.
In today's Retail Daily Minute:
- Sycamore Partners completes its $10 billion acquisition of Walgreens, ending the pharmacy chain's nearly 100-year public company run and splitting it into five separate businesses while installing Staples veteran Mike Motz as the new CEO.
- Best Buy expands its on-demand delivery options by partnering with Uber Eats across more than 800 stores, adding to existing relationships with DoorDash and Instacart as the electronics retailer races to meet consumer expectations for rapid delivery.
- Walmart launches "Video Subscription Choice" for Walmart+ members, allowing subscribers to pick between Peacock Premium and Paramount+ Essential with quarterly switching options as the retail giant targets Amazon's streaming dominance.
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!
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