November 7, 2025
- Gen Z consumers are buying big into the fragrance trend, with analysts suggesting that zoomer interest in perfumes represents a new form of the “lipstick effect,” wherein cash-strapped consumers indulge in smaller conveniences as a form of retail therapy during times of macroeconomic turbulence (via Reuters).
- Tesla shareholders overwhelmingly endorsed a nearly $1 trillion pay plan for CEO Elon Musk, with 75% voting in favor of the agreement. To earn the rewards, Musk must oversee a number of key metrics involving the growth of Tesla’s market cap (via CNBC).
- Under Armour will welcome a new face to its c-suite in February of next year. Reza Taleghani is slated to join the company’s brass as EVP and CFO at that time. “I am honored to join Under Armour at such a significant and energizing moment in its growth. This is an iconic company with a strong foundation, a passionate team, and an unwavering focus on performance and innovation,” said Taleghani (via Chain Store Age).
- Outback Steakhouse has closed 21 locations in an abrupt fashion in October, with owner Bloomin’ Brands indicating that further shutterings are in the cards over the next few years (via CNN Business).
- IKEA indicated its annual operating profit had taken a substantial hit, to the tune of 26%, as a result of U.S. tariffs driving up costs (via Reuters).
- Starbucks has officially entered the holiday season, having launched both its holiday menu and lineup of iconic seasonal cups. “We’ve dipped the stores in rich textures and a deep coffee cherry red, and Starbucks green. We hope our coffeehouses feel warm and festive, a place where you want to come and sit with us a little while and enjoy the holidays together,” said Starbucks creative director Kristy Cameron (via Chain Store Age).