November 13, 2025
- Michaels is showing some holiday spirit by hosting in-store crafting events for its loyal customers each Saturday in December, from 1 p.m. to 3 p.m. “We want to help our customers celebrate the magic of the holiday season by creating opportunities for connection, creativity and celebration right in our stores,” said David Boone, CEO (via Chain Store Age).
- More than 1,000 Starbucks workers are set to go on strike Nov. 13, spanning states from California to Texas to Pennsylvania. Termed the “red cup rebellion,” as the strike coincides with the coffee chain’s Red Cup holiday promotion, the strikers made their desires clear. “We’re turning the Red Cup Season into the Red Cup Rebellion. Starbucks’ refusal to settle a fair union contract and end union busting is forcing us to take drastic action,” Amos Hall, a barista at a store in Pittsburgh, said (via ABC News).
- The final U.S. penny was pressed Nov. 12 in Philadelphia, with the last examples bearing an omega mark to signify the occasion. These will be auctioned off at a later date. “Given the rapid modernization of the American wallet, the Department of the Treasury and President Trump no longer believe the continued production of the penny is fiscally responsible or necessary to meet the demands of the American public,” Treasurer of the United States, Brandon Beach, said (via ABC News).
- Toyota opened a sprawling EV battery plant in the Greensboro, North Carolina, suburb of Liberty. Toyota indicated the facility would produce 5,100 jobs and represents a ~$14 million investment, and stated that it is the “first and only battery plant [for Toyota] outside of Japan” (via Axios).
- Kim Kardashian’s Skims is now valued at approximately $5 billion following its most recent funding round, which attracted $225 million as led by Goldman Sachs. “This milestone reflects continued confidence in our long-term vision and coupled with disciplined execution, positions Skims to unlock its next phase of growth,” CEO and co-founder Jens Grede said (via CNBC).