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Covering the latest news in the retail industry

  • 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).

  • November 11, 2025

    • New U.S. tariffs on Italian pasta imports could drive the total tariff to a significant 106.7%, with the measures being mulled over as an “anti-dumping” measure. “I believe this is totally inappropriate because Italy and America are brothers. It is an excuse not to let Italian products in,” Cosimo Rummo, chief executive of Pasta Rummo, said (via Food & Wine).
    • Visa and Mastercard’s proposed settlement on swipe fees has encountered new resistance, with the National Association of Convenience Stores describing the plan in critical terms. “No one should be fooled by the credit card industry’s smoke and mirrors,” said NACS senior VP of government relations Lyle Beckwith. “This proposed settlement endorses business as usual, including by letting Visa and Mastercard increase their own fees without any restraints,” he added (via Chain Store Age).
    • Tesla saw a significant decline in sales in China in October, selling 26,006 vehicles — the lowest figure in three years. “Sales fell 35.8% from a year earlier, down from September’s figure of 71,525 when Tesla began deliveries of the Model Y L, a longer-wheelbase and six-seat version of its best-selling Model Y SUV until now only available in China,” Reuters reported (via Reuters).
    • President Donald Trump warned that a ruling opposing his tariff plans by the Supreme Court could end up producing an economic unwind to the tune of $3 trillion. “It would not be possible to ever make up for that kind of a ‘drubbing.’ That would truly become an insurmountable National Security Event, and devastating to the future of our Country – Possibly non-sustainable!” the president wrote (via Truth Social).
    • CardVault by Tom Brady is set to make its debut in the Mall of America on Nov. 16. The 1,700-square-foot location will offer exclusive sports collectibles and memorabilia, with cards — and trading card games outside of the athletics sphere — being the primary focus. “Following the incredible success of our American Dream location, bringing CardVault to its sister property, Mall of America, was a no-brainer,” said Ed Kane, co-founder of CardVault by Tom Brady (via Chain Store Age).

  • November 10, 2025

    • Visa and Mastercard have settled litigation spanning 20 years as they agreed to slash merchant fees by ~0.1% for five years. The accord came after a judge previously ruled that a prospective $30 billion settlement was too modest (via CNBC).
    • Tesla’s head of its Cybertruck program, Siddhant Awasthi, indicated he was departing the company after eight years of service. “Eight years ago, when I started as an intern, I never dreamed I’d one day have the opportunity to lead the Cybertruck program and bring it to reality… I’m confident Tesla will nail its next big mission (especially after last week), and I’m truly excited for the next chapter of my life,” Awasthi wrote on LinkedIn on Nov. 9 (via LinkedIn).
    • Diageo is slated to welcome Sir Dave Lewis, known for his previous stint as chief executive of Tesco until 2020, as its newest CEO. “The market faces some headwinds but there are also significant opportunities. I look forward to working with the team to face these challenges and realise some of the opportunities in a way which creates shareholder value,” Lewis said (via BBC).
    • Amazon offered up a sneak peak of the deals in store for its Black Friday Week and Cyber Monday sales events, spanning Nov. 20 through Dec. 1. “The savings events will feature millions of deals across popular categories including home, electronics, beauty, and apparel from brands like BISSELL, Beats, medicube, and Nike,” the company noted (via Amazon).
    • Restaurant Brands International has made a joint-venture deal with Chinese private equity firm CPE to help fuel overseas market growth for its Burger King QSR business. CPE has agreed to invest $350 billion to help open more Burger King restaurants across China, with the funds also being allocated to marketing, menu changes and broader innovation (via The Wall Street Journal).

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