November 12, 2025
- China’s Singles’ Day sales event is winding down, with analysts stating that the spend was depressed by economic malaise facing the nation. “It is a mixed bag,” said Josh Gardner, CEO of Kung Fu Data. “Muted might be a good word to describe sentiment and sales this Singles’ Day period,” he added (via Reuters).
- Loblaw has raised its annual profit forecast following a Q3 profit beat on Nov. 12. The Canadian grocery retailer stated that strength in its discount brands, including Maxi and No Frills, was bolstering expectations for full-year expectations as budget-conscious shoppers continue to spend (via Reuters).
- Nike received a strong endorsement from investing personality Jim Cramer, with Cramer suggesting that Nike’s turnaround effort offered upside potential. “The reason I’m defensive about it is because I know very few people who think that Nike can turn… It’s one of the better companies out there that’s down,” Cramer said, with Bank of America analysts also stating that Nike offered a current “buying opportunity” as its innovation pipeline improves (via CNBC).
- Dick’s House of Sport opened its first location in the Cleveland market, with Cavaliers center Evan Mobley and Browns cornerback Denzel Ward present to welcome fans during the occasion. “Dick’s House of Sport is a game changer for SouthPark Mall and the Cleveland market and sets a new standard for experiential retail,” said Carmen Spinoso, founder and CEO of Spinoso REG, which owns the SouthPark Mall in Strongsville, Ohio, where the new retail location operates (via Chain Store Age).
- Wendy’s expects to close hundreds of U.S. stores in 2026 as part of an effort to refocus its flagging domestic business. Sales stateside fell by 4.7% during its most recent quarter, and globally by 2.6% (via FOX Business).