Luxury earnings disappoint as LVMH, Kering, and Hermès report slowing growth — with Middle East sales down 30–50%. March retail sales surprise to the upside. Amazon surpasses Kroger as America's #2 grocer. Allbirds weirdly reinvents itself as an AI compute company. Starbucks doubles down on "couchification." Plus: live from ShopTalk Las Vegas, Retail Rumble Part 2 — department store survival debated, and is AI a job threat or opportunity.