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Covering the latest news in the retail industry

  • July 2, 2025

    • Del Monte Foods has filed for bankruptcy, voluntarily entering Chapter 11 proceedings. The company is reportedly searching for a buyer, selling all of its assets (via CNN Business).
    • GameStop has settled, for $4.5 million, a class-action lawsuit related to an alleged privacy breach. Customers who purchased a game digitally from the retailer during the past five years could be entitled to a modest payout (via FOX Business).
    • Tariffs are beginning to trigger an increasing number of retail price hikes, according to a Dataweave analysis. Should President Trump extend tariffs beyond the July 9 deadline set for dealmaking, experts suggest price increases will continue (via CNBC).
    • Microsoft has announced that it will be cutting as many as 9,100 jobs globally, or approximately 4% of its workforce. The company’s Xbox division, known as Microsoft Gaming, will allegedly be hardest-hit (via The Verge).
    • Chuck E. Cheese is expanding its business via a spin-off venture aimed at adult customers. Chuck’s Arcade will feature a mix of new and old games, food offerings, and in some cases alcoholic beverages (via CNN Business).
    • Absolut is honoring Keith Haring via its Absolut Haring artist edition bottle. The campaign follows last year’s Absolut Warhol launch (via Forbes).
    • Stellantis has announced the return of its Street and Racing Technology (SRT) performance division. The revived brand is set to span Chrysler, Jeep, Dodge, and Ram makes (via MotorTrend).
    • Constellation Brands reported a quarterly earnings and revenue miss, citing aluminum tariffs as at least one headwind. However, the brewer reiterated its fiscal 2026 forecast (via CNBC).
    • Louis Vuitton has opened a flashy and extravagant cruise ship installation in Shanghai. The 17,000 square-foot space includes retail, exhibition, and hospitality spaces for interested consumers (via Forbes).
    • Tesla reported a significant plunge in quarterly sales, moving 384,122 cars this quarter. Down nearly 60,000 sales versus last year’s quarter, this statistic represents the largest sales drop in the automaker’s history (via CNN Business).

  • July 1, 2025

    • Luxury jewelry is enjoying a surge in sales as high-income consumers begin to shy away from purchasing handbags and apparel, a Citi report claims (via CNBC).
    • The U.S. dollar continues to slide, notching its worst yearly performance so far since 1973. The New York Times’ Joe Rennison pins the blame on President Trump’s aggressive tariffs and isolationist policy (via The New York Times).
    • Sephora has announced a partnership with Lyft, allowing customers to be “Delivered to Beauty” and enjoy a $20 ride credit en route to a Sephora location (via Forbes).
    • Online purchases for home delivery are declining according to a new survey from Alix Partners, largely attributed to the impact of tariffs on consumer spend. A minority of respondents, about 20%, showed an intention to “Buy American” (via CNBC).
    • The FTC has declared July “Made in the USA” month. The FTC declared a focus on educating U.S. business and consumers about Made in the USA standards while celebrating enterprises which make their products stateside (via FOX Business).
    • AMC Theaters is incorporating more ads prior to the beginning of movie screenings as part of a deal with National CineMedia. The deal could provide a financial buffer to the embattled theater chain (via CNN Business).
    • H&M experienced a significant uptick in shares purchased by its founding Persson family over the course of the first half of 2025. Approximately 42.75 million H&M shares have been purchased by the family’s Ramsbury Invest holding company so far this year (via Reuters).
    • Amazon has deployed its millionth robotic worker, and is on pace to have more robot workers than human staff in its warehouses (via Newser).
    • CPG companies are shrinking product sizes in order to provide lower-priced options, hoping to woo cash-strapped consumers. PepsiCo, Campbell’s, and Mondelez International, among others, are participating in this practice (via The Wall Street Journal).
    • General Motors reported a Q2 sales increase of 7%, moving 746,588 units in the three months leading up to June. Demand for its SUV lineup was credited for at least some of the sales boost (via Reuters).

  • June 30, 2025

    • Home Depot is acquiring building-products distributor GMS for about $4.3 billion through its SRS Distribution unit as it accelerates efforts to grow sales among contractors and home professionals (via CNBC).
    • U.S. brides and bridal shops face rising wedding costs as tariffs on Chinese imports push gown prices up as much as 30%, leading many brides to delay purchases or adjust budgets amid trade uncertainty (via NPR).
    • China’s Luckin Coffee has opened its first two U.S. locations in New York City, stepping into Starbucks’ home turf after surpassing it in China with affordable, mobile-driven coffee service (via CNN).
    • Lululemon is suing Costco for selling clothes that look too much like Lululemon’s designs. The retailer claims Costco copied six products and wants compensation for lost sales (via Investopedia).
    • U.S.-Canada trade optimism has lifted Wall Street futures to record highs, with Canada’s decision to drop its digital services tax boosting sentiment (via Reuters).
    • Nestlé announced it will eliminate artificial colors from its U.S. food and beverage products by mid-2026, joining other major food companies responding to consumer and regulatory pressure to remove synthetic dyes (via CBS News).
    • France is imposing new penalties and advertising restrictions on ultra-fast fashion giants like SHEIN and Temu, marking one of the boldest moves yet by a major fashion market to address the industry’s environmental impact (via Forbes).
    • Ford CEO Jim Farley warned that China’s electric vehicles are “far superior” in technology, cost, and quality, calling it “the most humbling thing” he’s seen and emphasizing that losing to China in EVs could jeopardize Ford’s future (via Business Insider).
    • German retail sales fell by 1.6% in May, defying expectations for growth and dampening hopes for strong Q2 expansion, as economists warn that Germany’s economy will likely lose momentum after a robust first quarter (via Reuters).
    • Gardener’s Supply Company has filed for Chapter 11 bankruptcy, aiming to restructure and sell to Gardens Alive! without closing stores or cutting staff (via Daily Mail).

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