News Briefs

RH is bringing its luxury design aesthetic to the world of Formula One auto racing.

The upscale home furnishings retailer has entered into a multiyear partnership with the Mercedes-AMG Petronas Formula One Team. Under the terms of the deal, RH will serve as the global interior design and luxury furnishings curator for the racing team, reimagining its hospitality spaces across key Formula One destinations.

Starting in late 2026, RH-designed environments will debut across the team’s trackside destinations, hospitality venues, clubs and its executive headquarters in the U.K. The partnership will kick off in Abu Dhabi, followed by Miami, Monaco, Silverstone and other key races around the world.

“The Mercedes-AMG Petronas Formula One Team has established the benchmark for precision, innovation and performance, making this a natural collaboration between two organizations united by an unwavering commitment to excellence,” stated RH chairman and CEO Gary Friedman. “Together, we have the opportunity to create immersive environments unlike anything experienced in sport, blurring the lines between driving and design.”

In the release announcing the collaboration, Toto Wolff, Team principal and CEO of the Mercedes-AMG Petronas Formula One Team, said, "Their reputation for design excellence, quality and innovation aligns strongly with the values that drive our team.”

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Nordstrom’s iconic summer sale will be bigger than ever this year in celebration of the company's 125 anniversary.

The department store retailer’s annual  "Anniversary Sale,” which runs from July 18 through Aug. 9 this year, will feature its largest assortment to date, with over 100 brands and countless in-store events nationwide. More than 50 new brands are joining the sale, ranging from Puma to Reformation to Bur Bur Beauty.

Nordstrom is setting the stage for the sale with the largest print catalog in its anniversary sale history. The sale will also come to life through a campaign that will be featured across streaming and social platforms, starring some of fashion and beauty's most familiar faces.

The retailer is kicking off the sale with block parties on July 18 in Chicago, Portland, Ore., and Seattle. The events will feature live entertainment, food trucks, kid-friendly activities, giveaways and more.

Shoppers who hold Nordstrom cards will be able to shop the sale early — the higher the cardmember status, the earlier the shopping starts. 

[READ MORE: Nordstrom kicking off milestone year with special events, exclusive products]

Marcus & Millichap has announced the sales of a 10,000-sq.-ft. property in the Dallas suburb of Prosper, Texas, about five miles from the Universal Kids Resort in Frisco, Texas. 

Built in 2020 on 1.16 acres, Prosper Center was almost 65% occupied at the time of sale and is leased entirely on triple-net terms. The tenant roster includes Parkview Dental, Peak Physical Therapy and Best Brains Learning Center, with almost half of the center leased to medical tenants. 

The buyer plans to continue leasing the remaining vacancy and capitalize on the property's value-add potential through increased occupancy and rental rate growth. Median household income in Prosper as of 2023 was $176,000.

Neither the buyer nor the seller of the property were identified.

“Prosper Center attracted investor interest due to its location in one of the fastest growing and most affluent submarkets in North Texas,” said Philip Levy, executive managing director of investments at Marcus & Millichap. 

“The property offers significant value-add potential through the lease-up of existing vacancy and benefits from strong residential growth, expanding infrastructure and proximity to major regional destinations that include the PGA of America headquarters, Omni PGA Resort and the new Universal Kids Resort,” Levy added.

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One form of cyberattack is responsible for about one-third of all retailer data breaches.

Ransomware incidents represented 32% of retailer data breach claims in 2025. The “2026 Breach Impact Study” from Verizon Business reveals that out of 4,007 analyzed retail data breach insurance claims (with 2,582 recorded losses), other leading incident types included third-party attacks (15%) and business email compromises (13%).

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Although ransomware attacks represented 32% of claims, they were responsible for 61% of total reported losses, with a median cost of $201,719 per incident. Third-party breaches comprised 14% of losses (slightly underrepresenting their 15% of claims) with a median cost of $203,729, and business email compromises represented only 3% of claims with a median cost of $61,499.

In addition, data breaches from other sources added up to a combined 40% of retail data breach claims and 21% of total cost with media cost of $91,019.

Looking at leading sources of data breach losses, the study finds that business interruptions represented 44% of all money retailers lost to data breaches reported in the analyzed claims, while threat actors stole or extorted 28% and response and recovery efforts represented another 15% of losses.

The recently released annual 2026 Verizon Data Breach Investigations Report reveals that the top patterns for retail cyberincidents were system intrusion, basic web application attacks and social engineering, representing a combined 95% of all breaches. Almost all recorded threat actors (99%) in the earlier Verizon report were external, with 1% internal. Eighty-five percent of actors had a financial motive, with 19% also conducting some sort of espionage.