Zara’s Currency Crunch, Starbucks Bets on Barista AI, and Victoria’s Secret Data Breach Impact

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.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!