Consumer prices rise 2.7% annually in July, less than expected amid tariff worries at CNBC

 

3 dead in shooting at Austin Target parking lot – Suspect arrested at KVUE ABC. “Davis said the suspect, a 32-year-old man with a history of mental health issues, fled the scene in a stolen car, then wrecked that car and stole another car. He was later taken into custody in South Austin after a Taser was used.” Read more

 

Today on NBC Today show: Why Grocery Store Chain Aldi Has a Cult-Like Following “NBC’s Stephanie Gosk reports for TODAY on how the store has developed a cult following that has fans lighting up social media with their love for the supermarket.” 3:16 video

 

On Q2 net sales +32% “…led by continued strength in On’s Direct-to-Consumer channel, with net sales growing 47.2% on a reported basis…the DTC share reaches a new second-quarter high of 41.1%.” Press release

 

…On beats sales estimates, raises guidance despite Vietnam tariffs at CNBC. “The company, which sources about 90% of its goods from Vietnam, raised prices on July 1 to offset the higher costs. It hasn’t seen demand slow down among wholesale partners or consumers, CEO Martin Hoffmann told CNBC in an interview.” Read more

 

Inc. 5000 2025 List

 

Inside Target, Frustrated Employees and Search for New CEO at WSJ. “In early June, a companywide survey showed that roughly half of Target’s employees didn’t think the company was making the changes necessary to compete effectively. About 40% of the roughly 260,000 staffers who replied said they didn’t have confidence in the company’s future. The scores—which declined from a year ago—were even lower for those staffers at Target’s headquarters in Minneapolis…In an internal video on Aug. 6, Chief Commercial Officer Rick Gomez acknowledged that the worker survey showed that “we need to do a better job of empowering you to do your best work.” WSJ subs.

 

Bain Considers Late 2025 IPO of Bob’s Discount Furniture at WSJ. “The business could be valued at around $1 billion if it were to command a multiple of around five-times Ebitda, which is typical for the furniture industry. Bob’s had 189 bricks-and-mortar stores across 24 states…” WSJ subs.

 

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Indianapolis Target distribution center eliminates 200 jobs at Fox 59

 

Bed Bath & Beyond’s iconic 20% coupon is back, but there is a catch at Fox Business. “…can only be used once, and cannot be combined with other offers or applied to past purchases, per the fine print. The coupon coincides with the opening of the first Bed Bath & Beyond Home store in Nashville, Tennessee.” Read more

 

Starbucks asks customers in South Korea to stop bringing printers and desktop computers into stores as workers transform cafés into remote offices at Fortune/Yahoo

 

Poshmark CEO and founder to step down at TechCrunch. “Namsun Kim, who has served as executive chairman since April, has been appointed as his successor.” Read more

 

Pastor Sees Boycott of Target Stores as New Civil Rights Fight at Bloomberg. “Pastor Jamal Harrison Bryant is midway through a fervent sermon at his New Birth Missionary Baptist Church outside of Atlanta. Thousands of his flock are on their feet in the stadium-sized chapel as he strides back and forth across the stage in a light blue suit, his voice rising and falling. He alternates between conversation and condemnation, shifting between references to Shakespeare and Alcoholics Anonymous. “Something’s gotta break!” Bloomberg subs.

 

Kroger and C&S Wholesale Grocers Reach Friendly Settlement Press release

 

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