1. The Apex Building, headquarters of the Federal Trade Commission, in Washington, D.C.
    Technology

    FTC and 22 States Sue Amazon Over Hidden Ad Auction Surcharges

    The FTC and 22 state attorneys general sued Amazon on August 31, 2026, alleging it added a secret surcharge to its ad auctions in 2019 and overcharged more than a million brands and sellers. Amazon calls the suit misguided.

    ·4 min read
  2. A Foot Locker store entrance in a shopping mall
    Sneakers

    Foot Locker Comparable Sales Fall 3.6% as Dick's Cuts Its 2026 Outlook

    DICK'S Sporting Goods reported a 3.6% proforma comparable sales decline at Foot Locker against 4.9% growth in its core business, and blamed fewer sneaker launches and weak retro product. DKS shares fell about 31% on the news.

    ·3 min read
  3. StockX Listings used sneaker marketplace
    Sneakers

    StockX Launches Listings, Letting Users Sell Used Sneakers

    StockX launched Listings, a feature that lets users sell used sneakers — with AI-generated product details from photos, fee-free selling at launch, and resale data shown alongside deadstock pairs in one view.

    ·2 min read
  4. The Saks Fifth Avenue flagship store on Fifth Avenue in Manhattan
    Culture

    Saks Emerges From Bankruptcy and Rebrands as Exemplar Luxury Group

    Saks Global emerged from Chapter 11 bankruptcy and renamed itself Exemplar Luxury Group, cutting debt by nearly 75% and slimming to 49 Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman stores focused on high-end service.

    ·1 min read
  5. StockX Says Jordan 5 'Wolf Grey' and Nike Mind 001 Slide Led 2026 Resale Sales
    Sneakers

    StockX Says Jordan 5 'Wolf Grey' and Nike Mind 001 Slide Led 2026 Resale Sales

    StockX's mid-year report named the Jordan 5 'Wolf Grey' the top release-day seller of 2026 and the Nike Mind 001 Slide the platform's biggest Nike debut ever, with Vans Old Skool sales up over 800% year over year.

    ·2 min read
  6. StockX Opens First New York Store in SoHo
    Sneakers

    StockX Opens First New York Store in SoHo

    StockX reopened its SoHo flagship at 237 Lafayette Street as a retail store with 300 curated products and in-store bidding — a pivot from authentication hub to curated retail experience.

    ·2 min read
  7. Lululemon Settles Proxy Battle With Founder Chip Wilson, Adds Two of His Nominees to Board
    Culture

    Lululemon Settles Proxy Battle With Founder Chip Wilson, Adds Two of His Nominees to Board

    Lululemon will add two Chip Wilson nominees — former On co-CEO Marc Maurer and former ESPN CMO Laura Gentile — to its board, plus a third apparel-expertise director by October. Wilson agreed to an 18-month standstill against publicly attacking the company.

    ·2 min read
  8. Dick's Q1 Sales Up 62.7% to $5.16B as Foot Locker Returns to Positive Comps
    Sneakers

    Dick's Q1 Sales Up 62.7% to $5.16B as Foot Locker Returns to Positive Comps

    Dick's Q1 net sales jumped 62.7% to $5.16B in the first full quarter consolidating Foot Locker. The acquired business returned to positive comps (+0.6% overall, +6.4% US Foot Locker), 85 stores closed, and Dick's raised its full-year guidance on both segments.

    ·2 min read
  9. Best Buy Beats Profit Estimates in Q1, Cuts Full-Year Guidance on Tariff Pressure
    Technology

    Best Buy Beats Profit Estimates in Q1, Cuts Full-Year Guidance on Tariff Pressure

    Best Buy beat Q1 profit estimates on $8.8B revenue and a 3.8% adjusted op income rate, but cut FY26 guidance — revenue to $41.1–41.9B from $41.4–42.2B, EPS to $6.15–$6.30 — citing tariff pressure on consumer electronics. Computing and tablets comp +6%.

    ·2 min read
  10. Saks Fifth Avenue Files Bankruptcy After Neiman Marcus Acquisition Collapses Operations
    Retail

    Saks Fifth Avenue Files Bankruptcy After Neiman Marcus Acquisition Collapses Operations

    Saks Global missed a $100M interest payment tied to its Neiman Marcus acquisition and now owes Chanel $136M alone. The 159-year-old luxury empire is restructuring — and not all 76 stores will survive.

    ·2 min read
  11. Saks Global CEO Marc Metrick Steps Down
    Retail

    Saks Global CEO Marc Metrick Steps Down

    Marc Metrick stepped down as Saks Global CEO just days after the company missed a $100M+ interest payment on Neiman Marcus acquisition debt, triggering a 30-day grace period as the retailer prepares for a potential Chapter 11 filing.

    ·1 min read
  12. Jordan Brand Opens First U.S. World of Flight Flagship in Philadelphia
    Sneakers

    Jordan Brand Opens First U.S. World of Flight Flagship in Philadelphia

    Jordan Brand makes history with its first U.S. World of Flight flagship store in Philadelphia, celebrating the city's basketball heritage and sneaker culture.

    ·3 min read