September 30, 2025

  • President Trump has announced a 10% tariff on softwood lumber and timber, in addition to a 25% tariff on kitchen cabinets, vanities, and upholstered wooden furniture. These tariffs come into effect Oct. 14 (via CNN Business).
  • Ralph Lauren is expanding its suite of offerings by opening a restaurant in London, U.K. The Polo Bar Ralph Lauren is slated to open in 2028 and promises a “refined” dining experience (via The Globe and Mail).
  • Amazon announced a $1.9 billion investment effort in support of its delivery service partners. The investment aims to help said DSPs improve driver wages to a national average of ~$23 per hour (via Chain Store Age).
  • Hertz Global has launched a fully online car-purchasing marketplace, leveraging the growing demand for used vehicles. The company’s shares trended upward by as much as 2.5% following release of the news (via Reuters).
  • Coty launched a strategic review which could result in the eventual sale of notable brands such as CoverGirl and Rimmel. Coty indicated a potential pivot toward its more profitable fragrances segment (via Reuters).
  • Coach is opening up coffee shops in an effort to boost foot traffic to its locations, spurring increased spend from those who visit its stores. Plans exist to open between 12 and 15 of these shops per year (via CNBC).