May 29, 2025
Victoria’s Secret Faces Cyber Outage, Best Buy Cuts Forecast, and NYT Strikes AI Deal with Amazon
Welcome to Omni Talk's Retail Daily Minute, sponsored by Mirakl .
In today's Retail Daily Minute:
- Victoria’s Secret takes its website offline after a cybersecurity incident disrupts both digital and in-store operations — with customer support and order tracking still unavailable.
- Best Buy beats on earnings but lowers full-year guidance , as rising tariffs and weak demand in key categories prompt price hikes and a shift in sourcing strategy.
- The New York Times licenses its content to Amazon for AI training — marking a strategic pivot toward monetization, even as it continues its lawsuit against OpenAI and Microsoft.
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Be careful out there!