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The Latest Breaking News from Neil Saunders

Woman Bragging About Avoiding Tipping Triggers a Massive Standoff Over the Future of Service Etiquette

Customers have less disposable income today due to inflated costs for food, energy, and other necessities.

The Mary Sue

Pizza Hut is getting the private equity treatment in a $2.7 billion deal as its owner offloads the brand that defined 1990s dining nostalgia

Yum Brands sold Pizza Hut to private equity firm LongRange Capital and Yum China Holdings Inc. for a combined $2.7 billion deal.

Fortune

Fast-fashion giant Shein to buy eco-friendly Everlane

Chinese fast-fashion giant Shein is acquiring Everlane, which promises affordable ethically sourced and sustainable clothing.

AAP

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Chinese fast-fashion juggernaut Shein to buy eco-friendly Everlane in an unlikely fit

Everlane, which bucked the fast-fashion industry by promising affordable ethically sourced and sustainable clothing, is being acquired by the king of fast-fashion, China's Shein

AAP

Shein, the Chinese fast-fashion juggernaut, agrees deal to buy eco-friendly brand Everlane

Everlane had suffered financial struggles of late but its deal with the fast-fashion firm may be ‘somewhat jarring’ for its core customer base

The Independent UK

Target books strongest sales growth in 4 years with customers buying into refreshed lineup

Target, which embarked on a turnaround plan under its new CEO earlier this year, reported the biggest increase for a widely watched measure of quarterly sales in four years

AAP

Secondhand clothes sales forecast to hit $289bn as AI helps shoppers find deals

Sites such as Vinted and ThredUp expected to help resale grow twice as fast as overall clothing market in coming years

The Guardian - UK

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Starbucks feels the heat as more chains compete for US coffee drinkers

Starbucks revolutionized U.S. coffee culture

The Independent UK

Amazon is closing its futuristic Go and Fresh stores—showing logistics and tech aren’t enough to make old-school retail work

The e-commerce giant seems unable to nail the brick-and-mortar shopping experience.

Fortune

Target faces new backlash amid Minnesota ICE raids after boycotts over its DEI rollback. But don't blame politics for falling profits, analyst says

Recent events have caused renewed backlash against Target, nearly a year after boycotts began over the company rolling back its diversity, equity, and inclusion initiatives.

Fortune

‘The consumers are still out there’: why a bankruptcy for Saks Global may not spell the end

Just more than a year after the new luxury behemoth was formed, it announced it had filed for chapter 11 bankruptcy

The Guardian - US

AI is solving 'impossible' math problems. Can it best the world's top mathematicians?

AI is making gains in solving pure math problems. Can it crack the hardest problems in mathematics?

LiveScience

Mall-going but budget-constrained: gen-z shoppers shape the future of retail

The Guardian - US

Home Depot says a deep funk in the housing market is responsible for its sales slump: ‘Our customers are homeowners’

The U.S. housing market is currently experiencing historic stagnation.

Fortune

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Fortune

Hooters CEO says private equity turned it into a 'boys club hangout'—Now he's plotting a family-friendly makeover

“It's a beach-theme restaurant,” Neil Kiefer said.

Fortune

Can Macy’s win back America? How CEO Tony Spring is moving past denial and embracing change

The venerable department store is betting on fewer, better stores—and a cultural reset—to stage a comeback.

The Independent UK

Build-A-Bear continues to rack up market gains, despite tariffs and teetering mall traffic

Tariffs and years of teetering mall traffic have roiled much of the toy industry

The Independent UK

Home Depot stores, long a hub for day laborers, now draw immigration agents out on raids

Home Depot stores in Southern California have long been an informal hub for day laborers in the country both legally and illegally who are seeking work

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The Independent UK

American Eagle soars as teen clothing retailer embraces Sydney Sweeney frenzy

Shares of American Eagle Outfitters spiked 31% at the opening bell after the teen clothing retailer said the frenzy surrounding its Sydney Sweeney ad campaign drew new customers during its most recent quarter

We Got This Covered

Target boss out after 11 years — proof that missing DEI is bad for business

Another "vibe shift" might be upon us.

Fortune

Target stock is down 64% over 4 years—and investors who were ‘hoping for an external CEO’ are disappointed by the choice of its next leader

New CEO Michael Fiddelke faces a major cleanup—and fierce competition.

International Business Times

US Retail Sales Rise Amid Limited Consumer Tariff Hit So Far

US retail sales rose moderately in July, according to data released Friday, as markets monitor tariffs that do not so far appear to have significantly battered consumers.

The Independent UK

Claire's, known for piercing millions of teens' ears, files for Chapter 11, 2nd time since 2018

Mall-based teen retailer Claire’s, known for helping to usher teens into a key rite of passage _ ear piercing _ but now struggling with a big debt load and changing consumer tastes, filed for Chapter 11 bankruptcy protection

Kiplinger

Dow Leads as Merck, Amgen Gain: Stock Market Today

Second-quarter earnings season remained top of mind Tuesday, with Coca-Cola and GM among those reporting.

Fortune

Target reports dismal earnings amid DEI 'headwinds' and says two C-suite women leaders are on the way out

Analysts and industry watchers aren’t convinced that the company’s changes will turn things around

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People

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