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Covering the latest news in the retail industry

  • 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).

  • July 7, 2025

    • Tesla stock took a significant downturn in terms of share value on Monday, down by 6.92% as of 12:00 p.m. ET. Some analysts speculated that the loss in share value could be at least partially attributed to Elon Musk’s apparent return to political life (via CNN Business).
    • Amazon Prime Day is expected to drive $28.3 billion in U.S. spend across its four-day span, according to an Adobe projection. This would rival approximately two Black Fridays’ worth of consumer spending (via Forbes).
    • Treasury Secretary Scott Bessent indicated several trade announcements coming over the next 48 hours, as investors eye President Trump’s approaching tariff deadline. Bessent did not specify which countries would be involved (via CNBC).
    • A majority of U.S. consumers are at least somewhat concerned about the impact of tariffs on their personal finances and spending budgets. A Yahoo! Finance / Marist poll found that 80% of respondents exhibited these anxieties (via Yahoo! Finance).
    • Independent retailers appeared to show comparative sales growth of 3.5% YoY in June, down from growth of 4.9% YoY in May. The data polled was pulled from 31,700 independent retailers nationwide, including c-stores, grocers, bodegas, and others (via GlobeNewswire).
    • e-Commerce sales are expected to increase by 8.5% this year, to $1.27 trillion in 2025. However, analysts warn of a coming growth plateau in the sector by the end of the decade (via FTI Consulting).
    • Target has announced two store openings in Connecticut, one in Guilford and one in Norwalk, slated for mid-August. The Guilford location will house a small-scale Apple store, a CVS, a Starbucks, and a Target Optical (via CT Insider).
    • Six Flags outlined the possibility that it may be closing its Great America park, located in Santa Clara, California. The 112-acre theme park has allegedly been underperforming, and is slated to close in October 2027 when its current lease expires (via FOX Business).
    • Hugo Boss is facing pressure from activist shareholder Frasers Group to refrain from offering dividends. Billionaire Mike Ashley, helming Frasers, has signaled interest in prioritizing funding for long-term growth and financial flexibility (via Forbes).
    • Tariff-free zones or foreign trade zones are booming in popularity as President Trump’s tariffs persist. Data from logistics firm Descartes indicates interest has quadrupled regarding these zones, of which there are currently 374 nationwide (via CNN Business).

  • July 3, 2025

    • Nike and LEGO saw their first co-branded Nike Dunk x LEGO brick set sell out in a matter of minutes. The release is the first in what promises to be a multi-year partnership between the two companies (via Forbes).
    • SHEIN has been slapped with a fine of €40 million by France’s antitrust agency due to allegations of deceptive business practices. A practice of issuing misleading discounts is cited as the primary motivation behind the fine (via Reuters).
    • Lucid saw a 38% rise in second-quarter deliveries, moving 3,309 vehicles during Q2. However, this figure fell short of estimates projecting a delivery of 3,611 EVs (via CNBC).
    • The U.S. economy added a greater-than-anticipated 147,000 jobs in June, although the public sector claimed most of these new positions. The unemployment rate also trended downward to 4.1% (via CNN).
    • New York state is facing a lawsuit issued by the National Retail Federation over the jurisdiction’s Algorithmic Pricing Disclosure Act. The law requires retailers to inform customers when personal data is being used to set prices, but the NRF alleges that the law violates many members’ First Amendment rights (via Reuters).
    • Bain Capital has partnered with franchise growth platform Sizzling Platter in hopes of further expansion. Sizzling Platter operates a number of QSR brands, including Little Caesars, Wingstop, Jersey Mike’s, Dunkin’, and Jamba (via Business Wire).
    • Fatburger has slated plans to expand its footprint in Florida, with 40 additional locations planned out over the next decade (via Chain Store Age).
    • Fourth of July cookouts could cost approximately 12.7% more this year on an annualized rate, according to the Joint Economic Committee’s Democratic minority arm. The cost increase was tallied via a hypothetical shopping trip serving a 10-person barbecue event (via CNBC).
    • Houston is exhibiting strong and continuing retail demand despite a turbulent macroeconomic portrait. Data indicates a retail inventory occupancy rate of 95.5% as of mid-2025 (via Connect CRE).
    • Fireworks retailers are reporting an increase in demand in advance of this Fourth of July. The holiday falling on a Friday this year, satisfied repeat customers, and larger basket spend were indicated as primary drivers of higher sales (via FOX Business).

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