August 20, 2025
- Lowe’s has entered into a definitive agreement to acquire Foundation Building Materials. The buyout deal concerning the North American distributor is valued at approximately $8.8 billion (via Chain Store Age).
- Target has named current company COO Michael Fiddelke as its next CEO. Fiddelke will assume the helm of the company on Feb. 1, 2026 (via Chain Store Age).
- Hertz now sells pre-owned vehicles via Amazon Autos. Consumers within 75 miles of Dallas, Houston, Los Angeles, and Seattle can begin browsing the inventory as of Aug. 20 (via CNBC).
- Guess announced it will be going private as part of a deal including a group comprised of its co-founders, CEO, and Authentic Brands. Authentic Brands will acquire a majority (51%) of all Guess IP (via Reuters).
- Claire’s has announced that it will be selling the bulk of its North American business to PE firm Ames Watson. Liquidation processes have been paused at most of its stores as part of the deal, though financial details related to the sale remain scarce (via CNBC).
- McDonald’s will be engaging in continued menu price reductions in an effort to bolster perception of value with consumers. Eight separate combo meals will be priced at least 15% below the price of purchasing menu items separately, with franchisees in agreement being offered financial support from corporate (via CNN Business).
- TJX beat earnings expectations, and has raised its full-year guidance based on an optimistic portrait of its continuing business (via CNBC).
- Estee Lauder offered a grim profit forecast, projecting annual profit below Wall Street estimates in addition to a $100 million hit attributed to tariffs in fiscal 2026 (via Reuters).
- Victoria’s Secret has opened a new 7,500-square-foot flagship location in Miami Beach. The location will operate on Lincoln Road, known to be an trendy, upscale area (via Chain Store Age).