Welcome to Omni Talk's Retail Daily Minute, sponsored by R&S Logistics, ZenlineAI, Duvo and Mirakl.

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

• Petco's relaunched loyalty program backfires as redemption volumes blow past projections, costing the company millions in net sales.
• Neighborhood Intelligence, the parent of Bed Bath & Beyond and Overstock, cancels its planned acquisition of F9 Brands, owner of Lumber Liquidators.
• Francesca's Chapter 11 liquidation plan is confirmed by a bankruptcy judge, finalizing the sale of its IP to Altar'd State parent Stand Out For Good.

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