Abercrombie & Fitch opened a new 10,000-square-foot, three-level design concept store in SoHo, NYC. “New York has always been woven into our brand’s story, and we truly feel that this new store is the best expression of Abercrombie to date, blending our rich history with a modern design that we hope inspires every customer who walks through our doors,” said exec Melissa Worth (more).

Italian coffee giant Lavazza is expanding quickly into the U.S. market, most recently with the planned introduction of its espresso tablets designed specifically for use within its own branded machines. “We are strongly investing in the USA because we think it is an important space for us,” said CEO Antonio Baravalle (more).

Mammoth Brands, owner of Harry’s and Coterie, has its sights set on taking on established CPG giants such as Procter & Gamble and Unilever. “We’re trying to build a leading modern [consumer packaged goods] company, like if Procter & Gamble and Unilever were getting built today,” Mammoth co-founder and co-CEO Andy Katz-Mayfield said (more).

Bed Bath & Beyond / The Container Store is engaging in a widespread price-chopping spree, with price reductions hovering at an average of 25%. “This is not a promotion, a temporary sale or a marketing event. It is a deliberate move to better align our prices with the value our customers deserve,” wrote CEO Marcus Lemonis (more).

A growing proportion of families are kicking off their back-to-school shopping earlier, according to survey data. One-fifth of families are now starting in June, with many shopper citing increased anxieties over the action as the impetus behind starting things off earlier (more).