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Tech News
Victoria's Secret has closed 38 stores globally this year as part of an effort to reshape its store network. Despite the closures, the retailer raised its full-year sales guidance, signaling the cuts are strategic rather than a sign of weakening demand.
A new opinion analysis argues that digital advertising is shifting toward transaction-based models where the point of purchase itself has become a key driver of brand demand, not just its final step. This trend, described as 'commerce media,' extends the retail media concept beyond retailers and CPG brands into other transactional ecosystems like travel and finance.
A California bill aimed at regulating surveillance-based pricing — where retailers use personal data to set individualized prices — failed to advance to Governor Newsom's desk before the legislative deadline. The California Retailers Association responded by expressing hope that lawmakers can restart negotiations next year by focusing on points of existing consensus.
PepsiCo has been building digital ordering and data tools aimed at the millions of small mom-and-pop stores that dominate Mexico's retail market, its second-largest globally after the U.S. The initiative, led by commercial transformation executive Johannes Evenblij, focuses on giving these small retailers better access to products and insights typically reserved for larger chains.
Walmart has installed 838 EV charging ports across 100 stores since launching its first company-branded charger last year, with construction underway at 100 additional locations. The retailer's network grew faster than any other charging provider except Tesla last month, and Walmart aims to expand to thousands of sites by 2030.
T-Mobile has filed new disclosures showing 63 layoffs spread across 13 locations in Washington state as part of an ongoing wave of workforce reductions in 2026. The carrier has also been shutting down retail stores nationwide alongside these job cuts.
New York City Mayor Zohran Mamdani has publicly criticized Amazon, focusing on the employment status of its delivery drivers, the sale of illegal e-bikes on its platform, and fines related to idling delivery vehicles. The socialist mayor is positioning these issues as part of a broader push to hold major corporations accountable for labor and safety practices in the city.
Nike has closed roughly two dozen of its small-format Nike Well Collective neighborhood shops spread across 12 states so far this year. The closures are part of a broader effort by the company to streamline and consolidate its retail footprint.
Bloomberg's Mark Gurman reports Apple is making major layout changes to its retail stores this fall, including reorganizing the Avenues sections and adding new accessory bays. While Apple was expected to release only a refreshed HomePod mini and Apple TV 4K, the scope of these store changes suggests the long-rumored smart home hub with a display may launch at the same time.