August 27, 2025
- Kroger has announced staffing cuts related to its administrative team in the U.S. Fewer than 1,000 positions are slated for elimination (via Chain Store Age).
- Tariffs on imports from India have been doubled to 50%, with President Trump making good on his promise to do so. India has accused the Trump administration of unfairly penalizing the nation (via CNN Business).
- Kohl’s shares surged in early morning trading, up approximately 20% on news that the retailer had raised its annual profit forecast. Kohl’s reported a second consecutive quarterly sales beat, bolstering the good news report (via Reuters).
- Abercrombie & Fitch raised its annual sales forecast, largely based on the strength of its Hollister brand (via Reuters).
- American Eagle shares enjoyed a slight boost, rising by 5% in early morning trading, following an announcement of a partnership featuring Travis Kelce. The news comes a day after Kelce announced his engagement to pop star Taylor Swift (via CNBC).
- LEGO outpaced the broader toy market in terms of sales growth, achieving 12% in H2 2025 versus 7% for the segment. Successful brand partnerships with Formula 1 and Jurassic Park helped to spur sales (via Reuters).
- Apple is in the midst of preparing for the launch of its latest iPhone model on Sept. 9. At that time, it is expected that the tech company will release details related to the iPhone 17, and newest product lineup of Apple Watches (via CNN Business).
- Cracker Barrel signaled it would be reverting to its original logo following widespread controversy over its planned rebrand. The “new logo is going away,” the restaurant chain noted (via USA Today).