Dick’s Business Q2 comp sales +4.9% “…comps for the Foot Locker Business declined 3.6%…Revises full year 2026 outlook: Maintains Dick’s Business comp sales outlook of 2.5% to 4.0% growth. Lowers Foot Locker Business proforma comparable sales outlook to a range of negative 2.0% to 0.0%. Lowers operating income outlook for both Dick’s and Foot Locker Businesses.” Press release

 

…Dick’s Sporting Goods stock falls amid revenue miss, cites ‘challenging’ footwear market at CNBC. “For the period ended Aug. 1, Dick’s reported net income of $315 million, or $3.50 per share, down from $381 million, or $4.71 per share, the year prior.” Read more

 

India wanted red flags on chip packets and soda. Big Food fought back. at Reuters. “The Food Safety and Standards Authority of India buckled after a tense March meeting with industry executives…Executives also urged regulators to focus on encouraging portion control. Details of the meeting are reported by Reuters for the first time.” Reuters subs.

 

FTC moves to make retailers disclose use of ‘personalized pricing’ at Fortune/Yahoo. “FTC Chairman Andrew Ferguson: ‘The FTC does not have the legal authority to ban personalized pricing in all circumstances, but businesses that fail to tell consumers how their personal data is being used to set a price may be in violation of the FTC Act and other laws we enforce.” Read more

 

Target pulls ‘offensive’ Halloween costume critics accused of evoking blackface: ‘We are deeply sorry’ at Fox News

 

Ukraine is now targeting Russia’s second-largest online retailer at CNBC. “Shares of (Ozon) plunged nearly 30% on the Moscow Exchange on Monday after it reported drone strikes in southern Russia, which brought the number of facilities targeted in the last three days to six.” Read more

 

Shein’s Hong Kong IPO ‌book to raise up to $1.8 billion has been fully covered by investor demand, two sources said, bringing it closer to its long-awaited market debut Reuters subs.

 

Plus-Size Clothes Are Disappearing at Retailers in GLP-1 Era at Bloomberg. “H&M…which in early 2023 announced a plan to extend sizes to 4XL online for women in the US…(has) since reversed course…Torrid Holdings Inc., which caters to women Size 10 to 30, last year announced it would close more than 170 stores, shrinking its retail footprint by roughly a third.” Bloomberg subs.

 

American Federation of Teachers is urging teachers and families to get their school supplies from retailers other than Target at Kare 11

 

Walmart Keeps Pushing Into Fashion With New Clothing Brand at WSJ. “Scenario is designed to attract women around 35 years old who want more trendy details in their outfits than Time and Tru traditionally offers, said Marcus Brown, a lead designer for the Scenario line…(Walmart) now employs around 165 designers, brand managers and digital merchants (in NYC). It plans to start selling its first store-brand cashmere sweaters this fall.” WSJ subs.