#retail

Hugo Boss shares rose 8% after Frasers Group launched a $2B takeover offer, according to CNBC. Frasers already owns roughly 26% of the German fashion group, making the bid a material European retail M&A event.

Valve will stop physical Steam Gift Cards once existing store stock is sold through, while digital Steam gift cards remain available.

Lululemon $LULU traded down 8.6% after fiscal Q1 revenue rose 4% to $2.47B but FY2026 EPS guidance was cut to $10.95-$11.15. Americas comparable sales fell 5%, while gross margin compressed 410 bps to 54.2%.

Ulta Beauty reported fiscal Q1 diluted EPS of $7.74, up 15.5% and above the $6.86 estimate cited by Reuters. Net sales rose 11.1% to $3.164B, and FY2026 EPS guidance increased to $28.36-$28.80.

Victoria’s Secret $VSXY rose about 40% after Q1 adjusted EPS of $0.60 beat its $0.20-$0.30 guide and net sales rose 15% to $1.560B. The retailer raised FY2026 net-sales guidance to $7.030B-$7.130B and adjusted operating-income guidance to $550M-$580M.

Kohl's $KSS rose 20% after Q1 FY2026 net sales fell 1.7% to $3.0B but comparable sales declined only 1.1%, the retailer's best trend in more than four years. The company affirmed FY2026 adjusted EPS guidance of $1.00-$1.60 and reported inventory down 8% year over year.

Best Buy $BBY climbed 15% after Q1 FY2027 comparable sales increased 2.0%, revenue reached $8.936B, and diluted EPS rose 38% to $1.31. The retailer reiterated FY2027 adjusted EPS guidance of $6.30-$6.60 and named Jason Bonfig as incoming CEO effective November 1, 2026.

Gap $GAP fell 14% after Q1 net sales of $3.5B missed consensus and management narrowed FY2026 net sales growth to 1%-2%. Adjusted EPS was $0.38, while Old Navy and Athleta kept pressure on the top-line narrative.

Procter & Gamble $PG rose about 4% in premarket trading after fiscal third-quarter revenue increased 7% to $21.24B and core EPS came in at $1.59, above expectations of $20.5B and $1.56. Positive volume growth across beauty and household categories supported the beat while full-year guidance was maintained.

HN did not treat Andon Market as a cute retail stunt for long; the thread quickly moved to disclosure, labor, human steering, and whether an AI boss is an experiment or marketing with extra steps.

A r/gamernews post is spotlighting Nintendo's official support note that, beginning in May 2026, new Nintendo-published Nintendo Switch 2 exclusives will carry different digital and physical MSRP, starting with Yoshi and the Mysterious Book preorders.

OpenAI is rolling out richer shopping in ChatGPT with visual browsing, side-by-side comparison, and up-to-date product data. The company is expanding ACP for discovery, bringing retailers, Shopify Catalog, and a new Walmart in-ChatGPT app experience into the flow.