Victoria’s Secret $VSCO reported a significant cybersecurity incident that forced the company to temporarily shut down its e-commerce website and corporate IT systems last week. The shutdown, which began on May 26 and lasted until May 29, was implemented as a precautionary measure to prevent unauthorized access and mitigate potential network threats. This event underscores increasing cybersecurity risks confronting retail companies reliant on digital platforms for sales and customer engagement.

Amid macroeconomic uncertainty and declining consumer spending, Walmart Inc. $WMT is taking decisive steps to increase its market share. The world's largest retailer has chosen to double down on its discount efforts, reflecting its commitment to attract new customers and maintain competitiveness.

Target Corp recently announced a reduction in employee bonuses, a decision driven by declining sales and profits amid decreasing consumer expenditure. This situation highlights the current challenges faced by retailers in an ever-changing economic landscape.