October 6, 2025

  • Rite Aid has closed all its remaining 89 stores following a May bankruptcy filing. “All Rite Aid stores have now closed. We thank our loyal customers for their many years of support,” the company said in a statement (via CNN Business).
  • U.S. online holiday sales are expected to improve by 5.3%, according to Adobe data, reaching a new record of $253.4 billion. Mobile devices are anticipated to be used for a majority of orders, representing a 56.1% share (via Chain Store Age).
  • Costco expects to partner with Novo Nordisk to offer access to GLP-1 drugs such as Wegovy and Ozempic at a substantial discount for Costco members (via FOX Business).
  • Tesla is seemingly teasing the launch of a “stripped down” Model Y in the near future. The move comes as the automaker has signaled a lineup of more affordable vehicles in the days to come (via Elektrek).
  • Nike CEO Elliott Hill indicated that the company’s turnaround plan was going well, but also that it would “take a while” for Nike to see a return to profitable growth. Hill has served as CEO for nearly a year (via CNBC).
  • 1-800-Flowers.com has named Melanie Babcock as chief marketing and growth officer. Babcock previously served, for nearly a decade, in a variety of executive roles at The Home Depot (via Chain Store Age).