Even though sales were expected to slide, June's disappointing results put even more pressure on manufacturers to find ways to relieve the heavy inventory overhead they've been carrying throughout this year. That's especially true because underlying demand is expected to continue declining the rest of this year and in 2018.

Nike Inc. said Friday it is going to sell some of its products through Instagram, the Facebook-owned photo-sharing app. Details on how it will work are sketchy. The Beaverton, Ore.-based company said its customers would be able to shop "seamlessly" within the platform. Retail, luxury and beauty brands have long salivated over selling to social-media addicted Millennials. But so far, no one has got it quite right.

Kia Motors USA is bringing back the large, tracksuit-clad hamsters to launch the turbocharged 2017 Kia Soul Exclaim. "The Arrival" follows a baby hamster as it escapes a hospital in an action-packed chase set to "Ace of Spades" by Motorhead, and ends with a shot of the new Soul. The Soul Exclaim is now the third car in the Soul lineup.

At a time when analysts are saying the general U.S. auto market finally will level off after a seven-year boom, Mercedes-Benz's grip on the premium pinnacle in America is stronger than ever. The automaker enjoys an advantage with a fleet of utility vehicles that it has been overhauling at a time when luxury buyers are turning to that segment more than ever.

Sony Music is preparing to make its own vinyl records again in Japan, in another sign that albums are back from the brink of being obsolete. The company says it's installing record-cutting equipment and enlisting the help of older engineers who know how to reproduce the best sound. Vinyl sales have seen a resurgence since around 2008.

Proposed cuts in food stamp benefits could cost the retail industry billions - with supermarkets and discounters taking the biggest hit. AlixPartners estimates that retail collectively stands to lose $70.7 billion during the next 10 years. The budget proposed by the Trump administration calls for $191 billion in cuts to the program between 2018 to 2028.

Many of Wimbledon's tennis stars are coming in with their own partners and supportive marketing, led by Roger Federer - who this past year earned $58 million from endorsements including Nike, Rolex, Mercedes-Benz, Credit Suisse, Barilla, Lindt, Barilla and Moet & Chandon - and Noak Djokovic ($28 million in endorsements from such partners as new outfitter Lacoste, Adidas, Seiko, Jacob's Creek and ANZ.