Mar 05 2025 4 mins
Welcome to Omni Talk's Retail Daily Minute, sponsored by Mirakl.
In today's Retail Daily Minute:
- Target Targets $15B Sales Growth by 2030 – Target unveiled a multi-year growth strategy aiming to add $15 billion in sales by 2030, focusing on affordable assortments, omnichannel innovation, and supply chain efficiency.
- Lowe’s Launches AI Chatbot for DIY Shoppers – Lowe’s partners with OpenAI to introduce MyLow, a chatbot offering project guidance, product recommendations, and troubleshooting tips. Features include:
- Abercrombie & Fitch Stock Plummets 15% on Weak Guidance – Abercrombie’s stock tumbled 15% after forecasting 3%-5% sales growth, well below the 6.8% expected by analysts.
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Be careful out there!