Economy heading toward ‘significant slowdown,’ Conference Board says

A decline in housing permits in May and two consecutive months of rising claims for unemployment insurance led to a dip in the Leading Economic Index.

Walmart agrees to pay $10M to settle FTC wire-transfer allegations

The settlement closes a case the Federal Trade Commission brought in 2022, alleging that the retail giant turned a blind eye to scams and fraud.

The Weekly Closeout: Michaels rolls out Summerween and Shakira’s beauty brand debuts

The crafts retailer is releasing Halloween decor earlier than ever, while the pop star’s Isima line will launch at Ulta Beauty.

J.C. Penney to close Texas warehouse

The closure in Haslet will impact around 300 employees. 

Hibbett debuts kids-focused app, e-commerce site

Just in time for back-to-school season, Hibbett Kids features personalized content, product drops and flexible payment options. 

The running list of major retail deals

In May alone, Andie made its first acquisition, E.l.f Beauty snapped up Rhode and Skechers went private.

Updated June 9, 2025

Lululemon to lay off 150 corporate staff amid struggles in North America

Inventory at the athleisure giant is piling up as newer entrants in the space take share, and sales in its largest market are slowing.

NikeSkims launch pushed back due to production delays

The first collection was set to debut this spring, but the two teams are working to ensure they drop the right product at the right time, a spokesperson said.

Amazon touts AI upgrades for forecasting, deliveries and robotics

The advancements will help customers get their orders faster and increase product availability, the company said.

Sam’s Club offers temporary price cuts on 1K products

The retailer is dropping prices on select summer items through July 22 as its parent company, Walmart, warns tariffs could raise prices.

Tailored Brands taps former J.C. Penney merchant John Tighe as CEO

Peter Sachse will become executive chairman of the board as a result and said the planned succession is a hallmark of a strong organization.

Investor slams Victoria’s Secret ‘super squad’ leadership as inexperienced, ineffectual

Barington Capital wants the Angels back and says CEO Hillary Super lacks focus. The retailer says it’s confident in its “new and experienced leadership.”

How Nike CEO Elliott Hill is building out his turnaround team

Eight months in, Hill has changed leadership structures and brought in new hires. At the same time, several long-time executives have retired.

Amazon’s Andy Jassy warns of job cuts due to generative AI

The CEO told employees in a letter to embrace the change the tech presents in order to remain competitive within the company.

Hasbro cuts 3% of workforce

The toy company has been undergoing a turnaround effort, which includes a $1 billion cost-savings objective.

JD Sports opens Las Vegas flagship

The nearly 29,000-square-foot location builds on the retailer’s plans to expand its presence in the North American market.

Off-price domination continues as department stores yield more share

Sales, profits and margins have been stronger at off-pricers, and that won’t change any time soon, according to a UBS report this week.

TikTok Shop debuts live price match as it readies for summer deals

As the e-commerce platform and live shopping take off, sales on TikTok Shop have more than doubled compared to last year.

Pinterest tests AI to curate collages for advertisers

The social media platform is working with Macy's on its auto collages pilot which aims to help brands better curate shoppable content. 

Checkout-free payments may yet rise

Rapidly advancing AI could let cashierless payment companies succeed where Grabango failed, industry insiders and observers say.

Nordstrom to open Local concept in Brooklyn, eyes San Francisco location

The department store, which once called Nordstrom Local the future of the company, is growing the fleet after years of stalling on the concept.

Kirkland’s tightens ties to Bed Bath & Beyond, rebrands as ‘Brand House Collective’

The company, which also reported Q1 sales and profit declines, said Kirkland's stores will turn into Bed Bath & Beyond Home locations.

Amazon opens robotic fulfillment center in Massachusetts

The nearly 3 million square-foot-facility features hundreds of robots equipped to lift up to 1,500 pounds each.

Amazon Prime Day is back — this time for 4 days

The sales event runs from July 8 to July 11, and is being promoted with a new ad campaign featuring LeBron James.

Mattel brings AI to the toy box with OpenAI partnership

The toy company and AI powerhouse will announce their first product together later this year.