Ahold Delhaize, parent company of U.S. brands such as Food Lion, Stop & Shop, and others, has put forth Claire Peters for the position of CEO of Ahold Delhaize USA. Peters previously served as VP for Worldwide Fresh at Amazon, and prior to that, she had served in executive roles for Woolworths Group in Australia (more).

Apple CEO Tim Cook admitted that price increases are on the way for the next iteration of the company’s iconic iPhone lineup, largely due to a hike in materials costs. Meanwhile, President Donald Trump suggested a deal had been struck with the tech giant to manufacture at least some of its chips stateside (more).

Allbirds has reinforced its surprising AI pivot by renaming itself to Smartbird while also appointing a new CEO — Nadia Carlsten, who replaced current CEO Joe Vernachio. Following these moves, share prices soared (more).

Gas prices have fallen to just below $4 per gallon (average across the U.S.) for the first time since March as tensions begin to ease around the Iran conflict. This represents a substantial tumble from $4.56 per gallon, which was the peak average price so far in 2026 (more).

Hollister and Target are teaming up to capture spend coming from back-to-college shoppers, with home and dorm decor — in addition to apparel — being the bulk of the new items. “With our target age, dorm is top of mind. From a seasonality perspective, there’s a lot of ways you can refresh your dorm, and decorate with newness based on seasonality,” said Target exec Corey Robinson (more).