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

In today's Retail Daily Minute:

• Zara’s Growth Woes: Inditex starts Q2 with only 6% sales growth and warns of a 3% annual sales hit from foreign exchange pressures. Despite this, the fashion giant is investing €2.7 billion in store upgrades and logistics to weather global volatility.
• Starbucks Goes AI: The coffee giant pilots Green Dot Assist, a new generative AI tool powered by Microsoft Azure, aimed at streamlining barista workflows and improving customer service across 35 stores—part of a broader digital operations overhaul.
• Victoria’s Secret Hit by Cyberattack: A data breach cost the brand $10M in lost Q2 income. As sales stall and margins shrink, the company leans into its Pink brand, while activist investors demand a bolder transformation plan.

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Be careful out there!