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Target Tests Smart Locks, Nike Restructures & Walmart Opens Beef Facility
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Welcome to Omni Talk's Retail Daily Minute, sponsored by Retail Club and Mirakl.
In today's Retail Daily Minute:
- Target pilots smartphone-controlled shelf locks to reduce theft and boost convenience, testing employee and member-based access in select stores.
- Nike revenue drops 10%, prompting a major restructure around sport categories and a renewed push on Amazon amid tariff pressures and brand headwinds.
- Walmart opens its first-ever beef facility, processing Angus cuts in-house as part of its long-term vertical integration strategy for fresh foods.
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Be careful out there!
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