Category: Retail News
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. [...]
Deutsche Bank validates the Club case on holding Estee Lauder
Deutsche Bank upgraded Estee Lauder (EL) on the back of China's expected reopening. [...]
Here’s what America’s top CEOs are saying about a possible recession in 2023
The CEOs of JPMorgan, General Motors, Walmart and others are gearing up for a potential economic slowdown in 2023. [...]
Fanatics valuation hits $31 billion after $700 million investment round
Michael Rubin's sports platform company Fanatics has raised $700 million in capital, raising its value to $31 billion. [...]
Wedbush says sell GameStop shares before Wednesday’s earnings, stock still very much irrational
The stock's price is disconnected from business fundamentals, the firm says. [...]
Jim Cramer’s Investing Club meeting Tuesday: Bank pick, consumer play, Alphabet
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
Rising thefts at Walmart could lead to price jumps, store closures, CEO says
Walmart stores are grappling with a jump in shoplifting that could lead to price spikes and closures, Walmart CEO Doug McMillon said Tuesday [...]
Walmart CEO says shoppers are being more selective as they deal with inflation
Americans are still feeling "stressed" by inflation, but the effects aren't being felt evenly across categories, Walmart CEO Doug McMillon. [...]