Shein will be acquiring U.S.-based fashion brand Everlane, with the actual purchase price remaining as yet undisclosed. “This is the start of a bigger chapter for Everlane and the team behind it. [Everlane will remain] an independent brand, staying true to our longstanding brand values, sustainability commitments, and exceptional quality,” Everlane CEO Alfred Chang said (more).

Walmart is engaging in a leadership shuffle four months after new CEO John Furner took the helm. Cedric Clark, Walmart’s EVP of U.S. operations, as well as Tom Ward, COO of Sam’s Club, will be departing their posts as a result (more).

Dick’s Sporting Goods, in partnership with Adobe, is set to launch agentic AI coaches in June. “By bringing together the depth of our product knowledge, our understanding of sport, and what each athlete is trying to accomplish, we can respond in real time with guidance that’s relevant in the moment. Coach by Dick’s helps guide athletes to the right product, the right fit, and trusted expertise so every interaction is personal to what they need,” said CTO Vlad Rak (more).

Guzman y Gomez Mexican Kitchen has closed all eight of its U.S. restaurants, located in the Chicagoland area, and is planning to exit the American market entirely. “After six years of burritos and big dreams in Chicagoland, we’ve made the difficult decision to close our US restaurants. To every guest who came through our doors – you chose us, and we never took that for granted,” a post read (more).

U.S. consumer sentiment has now hit its all-time low, according to The University of Michigan’s long-standing survey. The survey dates back to 1952, meaning that May’s reading of 44.2 (down from 49.8 in April) is the lowest recorded in nearly 75 years (more).