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Everyday Economic News
Major grocery chains like Walmart and Kroger are cutting prices on thousands of items
Major grocery chains such as Walmart and Kroger are reducing prices on thousands of items to better compete with warehouse brands, as American consumers face soaring inflation, particularly in food costs. Inflation has surged past 4 percent, and grocery stores and restaurants have seen food prices jump. Retail executives hope these price cuts will appeal to budget-conscious shoppers and stem the tide of customers moving to bulk-buying warehouse retailers like Costco.
Welcome Mat: Sherwin-Williams names 'Offbeat Green' the loneliest color
Sherwin-Williams has announced "Offbeat Green," a mix of olive and lime green, as its 2026 "Loneliest Color," the least requested shade. Despite its unpopularity, the company highlights its potential for homeowners seeking a unique statement. To celebrate, Sherwin-Williams has partnered with the LeBron James Family Foundation for the Promise Project, offering a chance to win a signed basketball and a $1,000 gift card for those who order an Offbeat Green paint chip or Peel & Stick.
12 Hawaiʻi food spots earn national recognition from Yelp
Between 2020 and 2025, twelve Hawaiʻi food businesses received national recognition on Yelp's prominent rankings, with categories including Top 100 Places to Eat, Cheeseburgers, BBQ, Pizza, and Sandwich Shops. Notable mentions include Kahuku Farms, Adela's Country Eatery, Kaaloa's Super J's, and Shige's Saimin Stand, which even topped the national cheeseburger list in 2024. This recognition highlights Hawaiʻi's diverse and nationally acclaimed food scene.
Victoria’s Secret Wins Proxy Battle With BBRC
Victoria's Secret & Co. has successfully fended off a proxy battle with shareholder BBRC International, which sought to remove independent chair Donna James and board member Mariam Naficy. Shareholders reappointed all nine directors, demonstrating strong support for the current board leadership and the company's "Path to Potential" turnaround strategy. This victory follows strong first-quarter 2026 results where the company exceeded revenue and earnings guidance, with sales rising to $1.6 billion and net earnings reaching $48 million.
Pizza Hut rival also closing hundreds of restaurants
Rising pizza prices have led to a decline in sales for major chains like Pizza Hut and Papa John's, which are responding by closing hundreds of underperforming locations. Consumers are increasingly opting for frozen pizza or independent shops due to cost concerns. In contrast, Domino's is thriving by focusing on value and leveraging its strong advertising budget and loyalty programs to gain market share.
Ulta Beauty (ULTA) director granted 404 restricted stock units in Form 4 filing
Ulta Beauty director Catherine Ann Halligan was granted 404 restricted stock units, which will vest 100% on June 10, 2027. This equity award is a form of compensation and not an open-market transaction. Following this grant, Halligan directly holds 2,464 shares of Ulta Beauty common stock.
Ugg Can’t Monopolize Shearling Boot Design, Quince CEO Testifies
The CEO of Quince, Siddhartha Gupta, testified against Ugg owner Deckers Outdoor Corp. in a lawsuit regarding the Ultra Mini Boot design. Gupta rejected the idea of one company monopolizing a shearling boot design, stating that the manufacturer approached Quince and produces the boot for many other brands. Deckers' counsel questioned whether Quince intentionally copied Ugg's design.
Hasbro Has Three New Tonies Interactive Board Games
Hasbro and Tonies have collaborated to launch three new interactive educational experiences for kids, built for the Toniebox 2 system. These new Tonieplay titles reimagine classic Hasbro board games like Monopoly, Guess Who?, and The Game of Life into screen-free, audio-led adventures. Designed for children aged 5 and up, the games focus on developing skills such as strategy, listening, choice-making, and creativity, offering replayability and independent play.
Cars.com Names Sarah Kettler Chief Marketing Officer
Cars.com Inc. has appointed Sarah Kettler as its new Chief Marketing Officer, effective June 15, 2026. Kettler, previously "Executive Vice President, Marketing & Communications" at SeatGeek, will lead Cars.com's integrated marketing and communications, focusing on brand strengthening, customer engagement, and strategic growth. Her expertise in marketplace branding and scaling modern businesses is expected to drive the company's next phase, especially with the integration of AI and technology in marketing strategies.
Caleres names Dan Karpel CFO
This article announces that Caleres has appointed Dan Karpel as its new Chief Financial Officer.