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

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!