Rundown: Target partners with Champion and Warby Parker, Starbucks overhauls menu & Americans are doom spending

This podcast episode of "The Modern Retail Rundown" analyzes recent developments in the retail industry. The hosts discuss Target's new partnerships with Champion (athleisure line) and Warby Parker (in-store shop), analyzing their strategic implications for Target's sales in struggling categories. They then cover Starbucks's "back to basics" plan, which includes menu reduction and operational changes aimed at improving efficiency and customer experience; Starbucks's Q1 sales remained flat, with declines in China. Finally, the hosts explore the phenomenon of "doom spending," where consumers make impulsive purchases driven by economic anxiety, citing a recent survey showing 19% of adults engaging in this behavior. The episode concludes by highlighting the uncertainty in consumer spending and the need for retailers to closely monitor market trends.