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Target’s Dubious $15B Growth Plan, Lowe’s AI Chatbot, and Abercrombie’s Stock Plunge
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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.
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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