Global online spending rose 28% in June compared to the year-ago period, making it the largest year-over-year increase in sales since COVID-19 restrictions were put in place in March, according to an analysis by ACI Worldwide of hundreds of millions of e-commerce transactions from global merchants. In the U.S., online spending rose 25% in June, which was steady with May’s increase. The report also showed a continued increase (117%) in athletic, footwear and sporting goods sales. Outdoor equipment was among the most popular purchase categories with an increase of 10% in June. In the U.S., consumer purchases were driven largely by apparel, as well as a continued demand for online games.

Kohl’s Corporation mailed a letter to shareholders detailing the steps the Board has taken to maximize shareholder value, including the robust and intentional process to evaluate potential bids. The letter also summarizes Macellum’s shifting narrative and short-term focus on a sale of the Company at any price.

Good morning, Chairman Comer, Ranking Member Raskin, and Members of the Committee. I appreciate the opportunity to once again discuss the significant progress the U.S. Postal Service is making in accomplishing the objectives identified in the Delivering for America plan. When I agreed to take on the role as Postmaster General, the nation was in the beginning of a pandemic and the Postal Service was in an organizational crisis, facing a diverse array of challenges that put the organization on an accelerating and near-term trajectory to financial and service collapse. The Postal Service had lost almost $90 billion, was projected to lose another $200 billion over the next 10 years and was about to run out of cash before the year end.