QVC is on the cusp of exiting bankruptcy protection as its restructuring plan has been awarded approval from the U.S. Bankruptcy Court for the Southern District of Texas. QVC will exit bankruptcy with its total debt having been slashed from $6.6 billion to a much less imposing $1.325 billion (more).

Best Buy is adding two new solar projects to its plans, with the Best Buy Long Island City store getting a rooftop community solar garden, and its Dinuba, California, distribution center receiving a solar field. “These new solar projects are just another way we are investing in the future for our employees and the communities we serve,” said Best Buy exec Tim Dunn (more).

Basketball star LeBron James offered advice on how Nike might regain some of its lost brand status in remarks delivered during the CNBC x Boardroom Game Plan Summit in NYC. “You’ve got to get back into the roots; you’ve got to get back to being out in the inner city. When I was coming up, you had people that were literally out in the communities, talking and asking them what they like, what they don’t like, how they feel about this and how they feel about that,” James said (more).

Back-to-school budgets could climb to an average of $487 per child in 2026, according to JLL data — an increase of 11.7% versus the year prior. On the other hand, intent to shop early seems to have declined, and physical retail remains the destination of choice for parents looking to get a deal on BTS goods for their kids (more).

GameStop is partnering with Uber Eats to allow gamers and collectors who want an item right this minute to avail of on-demand delivery services. “Whether they’re replacing a controller before game night, picking up the latest game release on launch day, or grabbing a last-minute gift, consumers increasingly expect gaming essentials and collectibles to be available on-demand,” said Uber exec Hashim Amin (more).