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DailyFriday, February 20, 2026
Electric Vehicles
- Tesla introduces a cheaper Cybertruck model while cutting the Cyberbeast price by $15,000 as the company struggles to find buyers for its truck. The Drive
Product Launches
- The 2027 Audi RS5 PHEV gains 1,376 pounds over the previous model, though it maintains the same power-to-weight ratio. The Drive
- The 2025 Lexus LS is being discontinued, marking the end of the luxury sedan that changed the entire luxury car market. The Drive
AI/Automation
- Expedia's annual filing now identifies AI agents as a major threat rather than just competitive pressure, with the company betting on direct customer engagement to avoid becoming an invisible backend. Skift
- Nordstrom is implementing AI solutions for procurement, sourcing agility, and spend visibility to improve supply chain operations. Retail Dive
Retail Industry
- Ace Hardware hit record revenue of $10 billion for the year, fueled by nearly 30% growth in its digital business. Retail Dive
- New Balance achieved record annual sales of $9.2 billion in 2025. Retail Dive
- Aritzia acquired Fred Segal and leased its flagship Los Angeles store with plans for renovation. Retail Dive
- Walgreens is laying off at least 600 employees as it simplifies its organizational structure to speed up decision-making. Retail Dive