July 10, 2025

  • Amazon Prime Day day two has seen the event fall on a pair of important metrics, per Numerator data. Average order size fell 3% versus 2024’s results, and fewer households indicated placing two or more separate orders thus far (via Chain Store Age).
  • Hasbro CEO Chris Cocks has signaled that toy prices could rise later this year, especially if higher tariffs take hold. However, Cocks noted that Hasbro is better-positioned than competitors to navigate the ongoing tariff situation (via CNN Business).
  • Uniqlo owner Fast Retailing also warned that President Trump’s tariffs could drive price increases later this year. “It is unavoidable that we will be significantly affected from autumn and winter,” Fast Retailing financial officer Takeshi Okazaki said (via Forbes).
  • Tesla has announced that its vehicles will be equipped with Grok AI next week “at the latest,” according to CEO Elon Musk. The news comes immediately following reports of the release of its latest Grok 4 model (via Reuters).
  • Apple is lagging behind in the AI race, according to Wedbush analyst Dan Ives. Ives suggested Apple acquire Perplexity to make a re-entry into the race (via Investor’s Business Daily).
  • Urban Outfitters and HGTV have partnered to produce the Dream Dorm Makeover Contest. Interested parties must create a curated Pinterest board to win, and the retailer has indicated that the promo campaign is aimed at Gen Z students and their family members (via Chain Store Age).
  • North Carolina, Texas, and Florida snagged the top three spots on CNBC’s “America’s Top States for Business 2025” report. Alaska, Hawaii, and Montana rounded out the bottom three positions (via CNBC).
  • Mazda has debuted its new CX-5 crossover SUV model in Europe. The CX-5 is slated to hit U.S. showrooms at some point in 2026 (via Mazda Newsroom).
  • Ferrero has clinched a deal to acquire cereal brand WK Kellogg in an agreement worth approximately $3.1 billion. Shares of WK Kellogg enjoyed a surge following the news (via CNBC).
  • American Eagle has teamed up with Snapchat to highlight its stores as a desired back-to-school shopping destination. Over 800 AE locations have been sponsored as Promoted Places within the app to drive consumer interest (via Chain Store Age).