U.S. retail sales rebounded more than expected in June, suggesting a modest improvement in economic activity and giving the Federal Reserve cover to delay cutting interest rates while it gauges the inflation fallout from import tariffs.

The parent company of high-end specialty retail chain Karma and Luck, which operates 12 brick-and-mortar high-end retail locations in Las Vegas, Los Angeles, Houston, Florida, and New York, filed for Chapter 11 bankruptcy on June 18, 2025, to restructure its debt.

Tard's attempt to create a global convenience store behemoth was set back when it pulled its $46 billion bid for Seven & i , whose consumers in Japan have emotional ties to their purveyor of rice balls.

US retail sales surged 0.6% MoM, far exceeding expectations and signaling robust consumer demand despite recent tariff volatility. Read more on the market's focus.

US retail sales rebounded in June in a broad advance, potentially tempering some concerns about a retrenchment in consumer spending.

India's Reliance Industries said on Friday its unit, Reliance Retail, has acquired home appliance maker Kelvinator in a bid to expand into the fast-growing consumer durables market.