Digital Brands Group Inc. (NASDAQ: DBGI) announced a 1-for-40 reverse stock split of its common stock, effective July 24, 2026, at 12:01 a.m. Eastern Time, designed to raise the closing bid price of the company's stock above the $1.00 mark required for continued Nasdaq listing compliance. The stock currently trades at $0.64, down 93.56% over the past year, highlighting the urgency of the compliance measure. The reverse stock split will reduce outstanding common stock from approximately 23 million shares to approximately 575,000 shares, with every 40 shares of common stock automatically reclassified into one new share. In response to shareholder concerns, Digital Brands Group canceled 7.1 million pre-funded warrants and saw the expiration of 9.6 million cash warrants, eliminating a total of 16.7 million warrants.

The Trump administration imposed new tariffs of 10% to 12.5% on 60 U.S. trade partners, citing their alleged "failure to impose and effectively enforce" bans on forced-labor practices in trade with the U.S. The new tariffs took effect at 12:01 a.m. Friday, effectively replacing Trump's temporary 10% global tariffs that expired at the same time. The 60 affected countries account for 99% of U.S. imports, with tariff rates tiered at 10% for countries that adopted at least some forced-labor restrictions and 12.5% for those that have not. The administration used Section 301 of the Trade Act of 1974 for legal authority, a slower and more procedural approach requiring formal investigation, public comment, and official findings before tariffs can be imposed, in contrast to the Supreme Court-rejected International Emergency Economic Powers Act that previously allowed near-overnight tariff implementation.

KFC permanently closed at least 312 restaurants across the United States between July 15, 2025, and July 6, 2026, representing 7.64% of the chain's over 4,000 locations, according to Local Falcon's analysis comparing KFC's official store directory with Google Maps data. Kansas experienced the largest percentage decline with 21.1% of its KFC restaurants closing, followed by Louisiana at 16.1%, Alabama at 13.4%, and Tennessee at 13.3%. California saw the most closures in raw numbers with 44 locations marked permanently closed, followed by Texas at 34 and Ohio at 18, with California and Texas combined accounting for a quarter of the national total. The closures, averaging roughly six restaurants weekly, reflect broader challenges facing quick-service restaurants as consumers reduce discretionary dining and demand better value, quality, and relevance from restaurant brands.

The beach boardwalk exemplifies three critical retail trends that landlocked and traditional retailers can apply year-round: proximity and convenience, multi-amenity clustering, and experiential entertainment.

First, boardwalks demonstrate the success of convenience-based retail models with proximity-driven pricing, as customers are willing to pay premium prices for quick access to items without leaving their beach location, a strategy successfully replicated by convenience retailers like 7-Eleven and Domino's through mobile delivery.

Second, boardwalks showcase the power of mixed-use, multi-amenity destinations by concentrating diverse offerings—sit-down and quick-service restaurants, convenience and grocery stores, apparel shops, souvenir stands, entertainment venues, and service providers—all in one general area to maximize customer time and spending.

Third, boardwalks emphasize experiential retail through games and entertainment such as skeeball, arcade games, and interactive activities that transform shopping into an entertainment destination, encouraging longer visits and deeper customer engagement beyond transactional purchases.

Saks Global emerged from Chapter 11 bankruptcy protection on June 26, 2026, after nearly five months of restructuring and rebranded itself as Exemplar Luxury Group to signal a fresh start and renewed commitment to luxury retail excellence. The company achieved a nearly 75% debt reduction through the bankruptcy process while securing $500 million in new exit financing, with sufficient liquidity to drive long-term profitable growth. The restructured company reduced its store footprint from approximately 115 locations to just 49 stores, closing 62 off-price locations including 57 Saks OFF 5th stores and all five Neiman Marcus Last Call outlets. The new entity operates three flagship banners—Saks Fifth Avenue with 15 stores, Neiman Marcus with 33 locations, and Bergdorf Goodman—and is led by CEO Geoffroy van Raemdonck with a reconstituted board including representatives from investment firms Pentwater Capital Management and Bracebridge Capital.

Saks Global filed for Chapter 11 bankruptcy protection on January 14, 2026, about a year after completing its merger with Neiman Marcus, with the filing widely anticipated as the luxury conglomerate struggled financially and vendor relationships deteriorated due to past-due invoices. Eddie Bauer LLC filed for Chapter 11 bankruptcy on February 9, 2026, marking the end of the brand's brick-and-mortar presence with 175 locations set to close. Pat McGrath Cosmetics filed for Chapter 11 bankruptcy protection on January 22, 2026, following a lengthy private dispute between McGrath and a lender. Francesca's filed for Chapter 11 bankruptcy protection for the second time in less than a decade on February 5, 2026. Other retailers identified as high-risk for 2026 include Wayfair, ASOS, AMC Theatres, Walgreens, QVC Group, and J. Crew Group, with smaller companies facing disproportionate challenges compared to larger retailers during volatile economic times.

Bed Bath & Beyond has entered into a definitive agreement to acquire Fathom Holdings Inc., a national technology-driven real estate services platform integrating residential brokerage, mortgage, title, and SaaS offerings, in an all-stock transaction valuing Fathom at approximately $53.38 million. The acquisition accelerates Bed Bath & Beyond's vision to create the nation's first end-to-end homeownership platform by uniting Homeownership Transactions, Omnichannel Commerce and Home Services into a single homeowner ecosystem. Fathom's brands include Fathom Realty, the No. 17 U.S. brokerage by sales volume in 2025 with more than $15.7 billion in transaction volume, along with Encompass Lending, Verus Title, intelliAgent and Real Results. The combined platform is expected to provide Fathom with immediate access to millions of Bed Bath & Beyond customers at key moments in the homeownership journey, creating a seamless connection between home buying, financing, and furnishing, with the transaction expected to close in the second half of 2026. 

Article 30: Bass Pro Shops Acquires Historic Cheeca Lodge & Spa in Islamorada

Summary:
Bass Pro Shops has acquired the Cheeca Lodge & Spa in Islamorada, Florida, a 27-acre, 254-room luxury hospitality location situated on the Overseas Highway between Key Largo and Key West, with JLL handling the transaction between Northwood Investors and Bass Pro Shops. Bass Pro Shops agreed to pay more than $300 million for the historic property, which opened in 1946 and has hosted legendary figures including former Presidents George H.W. Bush and Harry Truman, author Ernest Hemingway, and baseball Hall of Famer Ted Williams. Northwood Hospitality will continue to operate the resort, which has been expanded over the past 15 years with 43 premium oceanfront suites, 11 luxury casitas, a 10,000 square foot conference center, three restaurants, a Jack Nicklaus-designed 9-hole golf course, and a 525-foot fishing pier. Bass Pro Shops' acquisition reinforces the company's commitment to nature-based hospitality while uniting Cheeca Lodge with the nearby World Wide Sportsman Store & Marina to create a seaside adventure destination in the heart of the Florida Keys.