Category: Retail News
As China eases Covid restrictions, Club stocks stand to gain
The Chinese government's move Wednesday to further roll back strict Covid-19 measures should boost the prospects for Club holdings with operations in [...]
Rent the Runway reports stronger quarterly sales as shoppers look to save money
The fashion rental company reported stronger revenue that beat expectations as customers opted to borrow designer clothes instead of buying them. [...]
Candy maker Ferrero to buy Halo Top owner, expanding North American business
Wells Enterprises was founded in 1913 and has grown to be the second-largest ice cream company in the U.S., trailing only Ben & Jerry's owner Unil [...]
Used vehicle demand and prices continue to decline from record highs
The Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its U.S. wholesale auctions, has declined 16% from record levels in [...]
Cigarette companies ordered to display health warning signs at retailers
The Justice Department announced a court order requiring cigarette companies to post health warning signs at retailer locations. [...]
Jim Cramer’s Investing Club meeting Wednesday: China reopening, Danaher, Apple
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
Kroger’s stock is a solid bet, with or without the Albertsons’ deal, Bernstein says
The firm is "bullish" on Kroger without the Albertsons' deal, but if the deal is completed, they like it even more. Here's why. [...]
What to watch when Club holding Costco reports quarterly results Thursday
Club holding Costco Wholesale (COST) is set to report its fiscal first quarter 2023 earnings on Thursday after the closing bell. [...]
McDonald’s hopes deals like 50-cent double cheeseburgers beef up sales on its mobile app
More than a year after its U.S. launch, McDonald's loyalty program had 25 million active members, as of Sept. 30. [...]
Investor Jenny Harrington is finding consumer stocks to buy that are way too cheap even if there’s a recession
In this environment, investors need to be very granular in their approach to the stock market, according to investor Jenny Harrington. [...]