Pizza Hut is being sold by Yum Brands in a deal estimated to be worth $2.7 billion. LongRange Capital will purchase the bulk of Pizza Hut for ~$1.5 billion, while Yum China will buy the company’s Chinese assets for ~$1.2 billion (more).

Kohl’s has named Elliott Rodgers as its new COO, reporting to CEO Michael Bender. Kohl’s had been operating without anyone in the COO slot for approximately two years prior. Rodgers has a lengthy retail resume, with two decades of leadership experience — his previous role seeing him as COO of Foot Locker (more).

Amazon has announced a new data center campus in Montgomery County, Missouri, with “several billion dollars” being budgeted for the endeavor. In addition to the direct investment, Amazon pledged $7 million in community contributions and promised the creation of thousands of construction jobs in addition to the 400 full-time jobs hinging around the data center (more).

AutoZone, 7-Eleven, Aldi, Home Depot, Bath & Body Works, Shell, PetSmart, Walgreens and others topped the list of the retail brands most trusted by U.S. consumers at this point in time. Data from Morning Consult drawn from tracking across more than 3,200 brands was used in the determination (more).

Father’s Day spending is anticipated to hit a record high of $27.9 billion this year, according to NRF estimates. “Despite economic pressures, Father’s Day remains just as important to shoppers as in years past,” NRF Chief Economist and Executive Director of Research Mark Mathews said (more).