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Tariffs Hits Department Stores Hard, Walmart Converts Vizio To Private Label & AI Transforms Video Ads
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Welcome to Omni Talk's Retail Daily Minute, sponsored by RetailClub and Mirakl.
In today's Retail Daily Minute:
- Apparel and department store retailers face mounting pressure from U.S. trade policy, with Moody's Ratings giving the sector a negative outlook as import duties eat into profitability and revenue growth stalls at just 3%.
- Walmart transforms Vizio into a private-label brand with exclusive sales through Walmart and Sam's Club, ending multi-retailer distribution as part of its $2.3 billion acquisition strategy.
- Over half of ad buyers now use generative AI for video creation, with 30% of digital video ads currently developed using the technology, expected to reach 39% by 2026 as smaller brands lead adoption.
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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