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The Nintendo Switch 2 is hitting shelves globally on Thursday, and Nintendo president Shuntaro Furukawa is concerned the tariff situation could hamper demand for the highly anticipated gaming console. The console is already $150 more than its predecessor, but reportedly that had nothing to do with tariffs.
Here’s what else is going on in retail this week:
In earnings: There are just a few more Q1 earnings on the docket this quarter, and most of them are from discounters. First up, though, is a major CPG: Campbell’s on Monday. Then, Dollar General and Ollie’s Bargain Outlet are reporting on Tuesday, followed by Dollar Tree and Five below on Wednesday. On the discount front, TJX Companies reported last month, signaling optimism overall that it could weather the tariff situation, even as it acknowledged some headwinds from the trade restrictions.
In conferences: The National Retail Federation is headed east with its Big Show Asia Pacific. Held in Singapore from Tuesday to Thursday, the event brings together industry leaders from across the region for a mix of networking and educational programming, as well as a showcase for breakthrough technologies and innovative startups.
In policy: The state of New York’s Retail Worker Safety Act is set to take effect today. The law requires employers to adopt a written retail workplace violence prevention policy and conduct a workplace violence prevention training. It also requires covered companies to provide their employees with an emergency “silent response button” at their workplace. This applies to all retail stores with at least 10 employees. Retail stores in the bill are defined as any company that sells “consumer commodities at retail.”
In closures: Also in New York, more than 250 Rite Aid locations are set to close on Thursday. A number of these locations could, however, fall into the hands of rival pharmacies such as Walgreens and CVS, which are taking over more than 1,000 former Rite Aid locations across the US.