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).