Sales

Two years after Bud Light partnered with transgender influencer Dylan Mulvaney, the brand continues to struggle, posting dismal sales over what should have been its most profitable holiday weekend. Despite favorable July 4th weather and strong performance from Anheuser-Busch InBev’s (ABI) other labels, Bud Light remains a “clear laggard,” according to industry data.

Amazon’s move to stretch Prime Day from two to four days is facing sharp criticism after new data revealed a staggering 41% plunge in Day 1 sales compared to 2024’s event. The report, released by Momentum Commerce and cited by Bloomberg, tracks 50 brands across categories and shows that extending the mega-sale backfired as consumer urgency evaporated.

Reports of impending U.S. Immigration and Customs Enforcement (ICE) raids under President Donald Trump have caused widespread fear among illegal aliens, leading to a significant drop in foot traffic in Chicago's Little Village neighborhood. Known as the "Mexico of the Midwest," the area’s shops and taquerias have seen sales plummet as residents stay indoors to avoid potential encounters with ICE agents.

President Donald Trump signed a series of executive orders on Inauguration Day targeting the Biden administration’s electric vehicle (EV) initiatives.

China announced that it added four U.S. companies to its "Unreliable Entity List" for their arms sales to Taiwan.

Kohl's has announced it will close 27 underperforming stores across the U.S. by April 2025, representing less than 3% of its over 1,150 locations.

The Biden administration announced an Interim Final Rule on Artificial Intelligence Diffusion that regulates AI chip exports and aims to keep the technology out of the hands of U.S. adversaries.

Macy’s has announced plans to close 66 underperforming stores this year as part of its Bold New Chapter strategy, which includes closing about 150 underproductive locations over a three-year period.

A 41-year-old man in Seattle, identified as Terrell Jones Fisher, was arrested Wednesday morning after allegedly using a concealed 2-foot-long sword to slash another man in the face during an argument. The incident occurred at an apartment complex in the 400 block of 8th Avenue South, according to local authorities.

House Republicans are renewing efforts to introduce a national sales tax and abolish the Internal Revenue Service (IRS), framing the measure as a way to ensure illegal immigrants contribute taxes. Representative Buddy Carter (R-GA) will unveil the FairTax Act of 2025 on Thursday, a bill designed to overhaul the U.S. tax system by replacing the federal income tax with a 23% national sales tax.