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Covering the latest news in the retail industry

  • November 7, 2025

    • Gen Z consumers are buying big into the fragrance trend, with analysts suggesting that zoomer interest in perfumes represents a new form of the “lipstick effect,” wherein cash-strapped consumers indulge in smaller conveniences as a form of retail therapy during times of macroeconomic turbulence (via Reuters).
    • Tesla shareholders overwhelmingly endorsed a nearly $1 trillion pay plan for CEO Elon Musk, with 75% voting in favor of the agreement. To earn the rewards, Musk must oversee a number of key metrics involving the growth of Tesla’s market cap (via CNBC).
    • Under Armour will welcome a new face to its c-suite in February of next year. Reza Taleghani is slated to join the company’s brass as EVP and CFO at that time. “I am honored to join Under Armour at such a significant and energizing moment in its growth. This is an iconic company with a strong foundation, a passionate team, and an unwavering focus on performance and innovation,” said Taleghani (via Chain Store Age).
    • Outback Steakhouse has closed 21 locations in an abrupt fashion in October, with owner Bloomin’ Brands indicating that further shutterings are in the cards over the next few years (via CNN Business).
    • IKEA indicated its annual operating profit had taken a substantial hit, to the tune of 26%, as a result of U.S. tariffs driving up costs (via Reuters).
    • Starbucks has officially entered the holiday season, having launched both its holiday menu and lineup of iconic seasonal cups.  “We’ve dipped the stores in rich textures and a deep coffee cherry red, and Starbucks green. We hope our coffeehouses feel warm and festive, a place where you want to come and sit with us a little while and enjoy the holidays together,” said Starbucks creative director Kristy Cameron (via Chain Store Age).

  • November 6, 2025

    • Tesla shareholders are expected to vote on a pay package for CEO Elon Musk which, if passed, could make Musk the world’s first trillionaire. The package would include up to $878 billion in pay for Musk, qualified under certain performance objectives — delivering 20 million vehicles over the next decade, and having over 1 million robotaxis in operation among these (via Reuters).
    • Paris Baguette is continuing its expansion across the United States, with 500 stores currently at various stages of development, and 250 stores currently in operation across North America. “Our growth this year continues to be astonishing. Our footprint continues to expand, supporting our mission to reestablish the neighborhood bakery café across North America,” said CEO Darren Tipton (via Chain Store Age).
    • Under Armour projected full-year revenue and profit figures below Wall Street estimates, citing declining demand and tariff-related cost pressures as two distinct headwinds. Founder and returning CEO Kevin Plank has brought the company firmly into a turnaround effort following a sales decline over the previous two years (via Reuters).
    • Target is making significant changes to its online sales strategy, removing many stores from the duties of packing and shipping orders as part of the fulfillment process. This move aims to take workload away from frontline employees in more locations, allowing them to focus on other duties more pertinent to physical retail (via CNBC).
    • U.S. consumers appear to be headed for a predictably steady spend concerning this year’s Black Friday and Cyber Monday sales events, per Omnisend data. About little less than half of respondents plan to spend the same as last year, with 31% saying they were planning to spend less, and 23% indicating a heavier spend (via Chain Store Age).
    • Peloton is recalling every unit of its original Bike+ model it ever sold, or approximately 833,000 units, over reports that the seat post may break and detach. So far, two injuries tied to the potential fault have been reported (via CNBC).

  • November 5, 2025

    • McDonald’s has seen some success with its value-based pitch, according to analysts citing numbers the QSR chain released on Nov. 5. Stores that were open for at least a year reported an uptick of 3.6% in terms of sales, beating expectations of 3.51% growth (via FT).
    • Walmart managed to capture 21% of all U.S. grocery spend for the 12-month period ending in September, according to Numerator’s latest data. Kroger, Costco, Albertsons, and Publix take the next spots, although none of these come close to Walmart’s share (via Chain Store Age).
    • SHEIN is facing suspension from French lawmakers until it complies with that nation’s laws and regulations. “On the Prime Minister’s instructions, the government is initiating proceedings to suspend Shein for as long as necessary for the platform to demonstrate to the authorities that all of its content is finally in compliance with our laws and regulations,” the French finance ministry said in a statement (via Reuters).
    • Bath & Body Works has made two executive appointments to its c-suite. Effective on Nov. 12, Maly Bernstein will be installed as chief commercial officer and Samantha Charleston as chief human resources officer (via Chain Store Age).
    • Hooters is revamping its image and menu in a comeback effort helmed by founders and original investors Original Hooters LLC. “We’re not just acquiring restaurants – we’re taking back the Hooters name to show the world who we really are,” Hooters Inc. CEO Neil Kiefer said (via FOX Business).
    • Stellantis is recalling 375,000 plug-in hybrid Jeep Wrangler and Grand Cherokee SUVs worldwide over concerns of potential battery failure. The company urged owners of affected vehicles to park their rides outside, following 19 reported incidents of fires tied to the fault (via CNN Business).

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