Retail

Adidas sells Reebok to Authentic Brands for $2.5B

Adidas is selling its Reebok business to Authentic Brands Groups (ABG) for up to 2.1 billion euros ($2.5 billion) as the German sporting goods company seeks to focus on its core brand after a deal that failed to live up to expectations.

Will surge in COVID-19 delta variant cases threaten back-to-school sales?

The National Retail Federation (NRF), the nation’s largest retail trade group, estimated in July that back-to-school and back-to-college spending will reach a record-breaking $108 billion as an increasing number of students and families prepare for in-person instruction this fall.

Majority of consumers feeling supply chain disruptions

Approximately 60% of Americans surveyed by Gallup say they have struggled to get products due to shortages caused by supply chain disruptions, while roughly 57% have experienced delays in receiving a product they ordered. Overall, the poll found that 7 in 10 Americans have had at least one of these issues, while 46% have had both.

Subway franchisees are fed up with Megan Rapinoe’s TV ads

Subway doesn’t own any of its nearly 22,000 locations, but it charges franchisees 4.5% of their revenue for a national advertising fund and controls how the money is spent. Now, many store operators — particularly those in red states — say they’re facing a harsh backlash from the parent company’s decisions.