September 5, 2025
- Tesla‘s board unveiled a substantial new pay package which could make CEO Elon Musk the world’s first trillionaire. The eventuality would require Tesla to significantly improve its current market cap (via CNN Business).
- Lululemon shares shed ~15% of their value in early morning trading after the company slashed 2025 sales and profit forecasts. Lululemon also signaled losses tied to the end of the de minimis loophole (via Reuters).
- Levi’s and Aritzia are testing more full-priced products, and price increases more broadly, to probe wealthier shoppers’ resolve. Levi Strauss raised prices on some products in July while seeing no slowdown in demand (via Reuters).
- Honda is reintroducing its popular Prelude model, this time as a hybrid. The vehicle will have shift paddles, and boasts 200 horsepower (via The Verge).
- Home Depot has closed on its acquisition of GMS, for a total enterprise value of ~$5.5 billion. “The addition of GMS further enhances SRS’s position as a leading multi-category building materials distributor, bringing differentiated capabilities, product categories and customer relationships that are highly complementary to SRS’s business today,” said Ted Decker, CEO, chair, and president of the retailer (via The Home Depot).
- Marshalls is engaging in the second year of its Good Stuff accelerator program. The program is designed to empower women through professional and personal development (via Chain Store Age)
- Starbucks China has been valued at approximately $5 billion, according to sources familiar with the matter. Most bidders are currently valuing the operation at 10x its 2025 EBITDA (via Reuters).