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JLR Targets US Growth With Defender-Stellantis Deal, June 21
JLR partners with Stellantis on US-built Defender targeting double-digit growth, but FY27 profit margin guidance of 4% misses street estimates.
On The Border Files Chapter 7 as 155 Locations Close, June 21
On The Border Mexican Grill & Cantina files Chapter 7 liquidation after closing 155 locations. Five franchise locations remain open.
Procter & Gamble Launches Scripted Dramas in Supermarkets, June 21
Procter & Gamble partners with Albertsons to launch scripted dramas in supermarkets as a new retail media strategy. The first series debuts June 23.
Ahold Delhaize Names Amazon Exec Claire Peters as USA CEO, June 20
Ahold Delhaize nominates Claire Peters, former Amazon VP of Fresh, as CEO of U.S. operations starting September 8, 2026, pending board approval.
Kroger Stock Falls 8% After Q1 Earnings Miss on Margin Pressure
Kroger stock fell 8% after Q1 earnings miss despite revenue beat. Gross margins compressed from diesel costs and price cuts; e-commerce profitable.
Sapore Opens at Former Meitetsu Department Store, June 20
Premium supermarket Sapore opens in Nagoya’s former Meitetsu Department Store basement in winter 2026, serving 2,500 square meters.
Jersey Mike’s Tops Chick-fil-A in Customer Satisfaction, June 19
Jersey Mike’s scores 84 out of 100 to beat Chick-fil-A’s 83 in the 2026 ACSI Restaurant Study, ending an 11-year reign as top-rated fast-food chain.
JD.com Opens First Hong Kong Store, Draws 10,000 Shoppers in Hour
JD.com’s Hong Kong store opens with record foot traffic, drawing 10,000 shoppers in opening hour during 618 shopping festival.
Yum Brands Sells Pizza Hut for $2.7B, Exits 50-Year Legacy
Yum Brands sells Pizza Hut for $2.7 billion to LongRange Capital and Yum China, ending 50 years of shared ownership amid U.S. delivery competition.