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

In today's Retail Daily Minute:

• NRF Lowers 2025 Retail Sales Forecast Amid Tariff Concerns --Retail growth is now expected to hit just 2.7%–3.7% as new tariffs shake consumer confidence, with inflation-weary shoppers turning to discounters and essentials.
• Nintendo Delays U.S. Switch 2 Preorders Due to Tariffs – Facing up to 49% tariffs on imports from key manufacturing hubs, Nintendo pauses preorders for its $449 Switch 2, raising pricing concerns ahead of its June launch
• TikTok Shop Enters Verified Sneaker Resale Market – TikTok steps into luxury resale with authenticated pre-owned footwear and handbags, challenging eBay with strict verification standards and growing its e-commerce ecosystem.

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Be careful out there!