Lifestyle retailer Showfields has unveiled a new retail concept in Brooklyn. The 11,560-sq.-ft. House of Showfields is designed as a six-room home, with each of the rooms displaying  product in a room-appropriate location. "Showfields bills itself as a lifestyle discovery store featuring rotating, themed curations of mission-driven brands, the majority of which are new to brick-and-mortar, along with art and events," per Chain Store Age. 

The American middle class, which was able to make some financial gains during the pandemic, is once again shrinking. "It’s the result of a perfect storm of economic uncertainty brewing: interest rates are rising, the market is tanking, recession rumors are everywhere, and decades-high inflation means that cash in the bank isn’t worth as much as it used to. As the cost of living increases, more households have dipped into their pandemic-era savings," per Fortune.

A proposed class-action lawsuit accusing Walmart of falsely marketing store-brand cough syrup as "non-drowsy" has failed to meet the necessary requirements. A U.S. District judge ruled that the plaintiff's claims for economic damages were blocked by federal drug law. Further, the plaintiff has no standing to ask for a court order against Walmart's marketing because she is not likely to be injured by it in the future, according to the ruling.

CVS and Walgreens are announcing another round of opioid settlements totaling $10 billion. “Together, the developments amount to what could be the last round of huge settlements after years of litigation over the drug industry’s role in an overdose crisis that has been linked to more than 500,000 deaths in the U.S. over the past two decades,” per the Chicago Tribune.   

For the first time in its 50 years, Ralph Lauren is redesigning its iconic Polo Pony logo for a collection of digital and physical clothing tied to its partnership with the video game Fortnight. "To launch the collection, the brand is hosting a Twitch livestream event on Thursday and co-hosting a player tournament in Fortnite," per Retail Dive. "During the Twitch event, rapper Polo G will perform, and streamers and esports stars, including Alixxa, Sommerset and Ta1yo, will make an appearance."

Hobby Lobby founder David Green says he is giving up his company, and that he "chose God" over wealth. "Green credited his faith and higher power as the 'true source' of his success, noting that 'God was the true owner of my business,' and felt that passing the company down to his children and grandchildren would've been the wrong move," per USA Today. "The news comes after Patagonia founder Yvon Chouinard gave up his company a month earlier as a means to fight the climate crisis."

The Los Angeles Clippers will offer fans a more tech-filled experience at the team's future arena thanks to a deal with software firm Globant SA. "Globant’s agreement with the team marks its first such partnership in the National Basketball Association," per Bloomberg. "It also follows recent deals with soccer governing body FIFA for a streaming platform and Spanish soccer league LaLiga on a tech venture. The agreement will last several years, according to a statement that didn’t include the specific length or the value of the deal."