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

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

• PepsiCo's Frito-Lay missed internal revenue targets by over a billion dollars two years running as $7 bags of Doritos pushed consumers to private-label alternatives, and now the company faces an uphill battle winning them back with price cuts that may not be enough given fresh macroeconomic pressures.
• Ace Hardware is bringing more than 3,700 locations across all 50 states to the Uber Eats platform, giving its locally owned franchisees on-demand delivery capability.
• Old Navy is said to be developing a new athleisure sub-brand called Old Navy Sport, potentially including a free-standing store format.

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Be careful out there!