August 28, 2025
- Sycamore Partners completed its $10 billion acquisition of Walgreens Boots Alliance. Mike Motz, formerly CEO of Staples U.S. Retail, has been named as chief executive officer for Walgreens (via Chain Store Age).
- Bath & Body Works delivered a Q2 profit miss, failing to meet Wall Street expectations as consumers cut back on discretionary spending. Shares fell in early morning trading as a result of the news (via Reuters).
- Best Buy exceeded Wall Street’s fiscal Q2 earnings and revenue projections, but didn’t budge on its full-year forecast despite the moderately rosy news. It cited tariff uncertainty, among other factors, in its decision to stand firm (via CNBC).
- Consumers may be interested in social media, but it’s not converting sales as much as expected. According to Clutch data, just 15% of social media users complete purchase transactions via social media platforms (via Chain Store Age).
- The U.S. economy experienced a stronger-than-expected rebound in the second quarter, per Commerce Department figures. GDP saw an annualized growth rate of 3.3% from April through June, showing consumer resilience despite economic headwinds (via CNN Business).
- Dick’s Sporting Goods delivered a beat on both EPS and comparable sales for fiscal Q2, going so far as to raise its full-year sales and earnings guidance on the back of the news (via CNBC).
- Hormel Foods forecast lower-than-anticipated profit for the ongoing quarter on Aug. 28, missing Q3 earnings estimates. Shares trended downward significantly in morning trading (via Reuters).
- Dollar Tree announced a partnership with Uber, with the Uber Eats platform now playing host to ordering capabilities involving nearly 9,000 Dollar Tree stores. The move follows a similar Uber-Dollar General collaboration bringing more than 14,000 DG stores to the same platform (via Chain Store Age).