July 8, 2025
- Amazon Prime Day officially begins today. Of the four-day event, company exec Carmen Nestares said it represents “why Prime continues to be the best membership in retail” (via FOX Business).
- Home Depot has announced that its SRS Distribution subsidiary acquired GMS Inc. The deal expands the retailer’s ongoing push into the building trades and contractor markets (via Forbes).
- SHEIN has confidentially filed for a Hong Kong IPO, seeking approval from the China Securities Regulatory Commission. The move suggests some degree of pressure being put on UK regulators to approve a London listing (via The Financial Times).
- Global stock markets are shrugging off the news of President Trump’s latest wave of tariffs. Analysts signal that Trump’s seeming flexibility on tariff policy may be one reason for the markets’ reaction, or lack thereof (via CNBC).
- Scammers are ramping up their activities in anticipation of several large retail sales events going on at the moment, according to McAfee. Amazon Prime Day, in particular, is a favorite event for would-be scammers to prey upon unwary consumers (via Chain Store Age).
- U.S. consumers are expecting stable rates of inflation in the future, although optimism is showing regarding one’s ability to acquire credit, per the latest New York Fed data. Consumers still expect prices of key commodities to increase, however (via Reuters).
- IKEA has plans to open a new store in Syracuse, New York, as of fall 2025. The location is slated to feature 70,000 square feet of floor space, and joins locations in Brooklyn and on Long Island (via CNY Central).
- Dollar Tree has completed the sale of Family Dollar to private equity firms Brigade Capital Management and Macellum Capital Management. The deal is valued at an aggregate base purchase price of $1.01 billion in cash (via Chain Store Age).
- Nordstrom has begun its Anniversary Sale, with deals being offered to Nordy Club members as of now. The general public gains access to the sale July 12 (via People).
- Wendy’s president and CEO Kirk Tanner is exiting his role to assume the same responsibilities for The Hershey Company. The Wendy’s board has appointed CFO Ken Cook as interim CEO (via Chain Store Age).