Retail business

Costco's Inflation Signals Keep Us From Overreacting to Rising Producer Prices

Costco’s Inflation Signals Keep Us From Overreacting to Rising Producer Prices

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Wholesale prices in November may have been slightly warmer than expected, but next week’s look at consumer prices is one that could solidify the Federal Reserve’s next interest rate decision. Ultimately, we think November’s consumer price index (CPI) carries more weight with the market and the Fed than Friday’s wholesale numbers, known officially as the …

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Costco reports a mixed quarter, but we see positive catalysts on the horizon

Costco reports a mixed quarter, but we see positive catalysts on the horizon

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Costco Wholesale (COST) reported mixed first-quarter fiscal results after the closing bell on Thursday amid weaker consumer demand. But the Club continues to see the fundamentals of the business as strong and is encouraged by the planned rise in membership fees and the bulk retailer’s special dividend. Total revenue, which includes dues revenue, rose 8% …

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GameStop reports lower revenue and sharp drop in cash

GameStop reports lower revenue and sharp drop in cash

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A screen displays GameStop’s logo and business information on the floor of the New York Stock Exchange (NYSE) on March 29, 2022. Brendan McDermid | Reuters GameStop said Wednesday that its sales in the third fiscal quarter fell and its cash flow fell sharply, as the bricks-and-mortar retailer worked to expand its digital presence. During …

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Rent the Runway shares rise after fashion rental company reports stronger quarterly sales

Rent the Runway shares rise after fashion rental company reports stronger quarterly sales

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Jennifer Hyman, Rent the Track Scott Mill | CNBC As some buyers think twice before buying, Rent the track takes a bump. The fashion rental and subscription company on Wednesday reported higher quarterly revenue that beat expectations and raised its financial outlook for the year as customers opted to borrow designer clothes instead of buying …

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Kroger, Albertsons CEOs Defend Grocery Combination, Say Deal Won't Harm Competition

Kroger, Albertsons CEOs Defend Grocery Combination, Say Deal Won’t Harm Competition

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Albertsons and Kroger supermarkets Brigitte Bennet | Bloomberg | Getty Images; Brandon Bell | Getty Images The battle over whether grocery giants Hooks and Albertson should be allowed to combine heaters. On Tuesday, the two companies’ executives defended their merger proposal at a congressional hearing in Washington, where they faced a series of questions about …

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A 20-year-old is trying to disrupt India's $500 billion FMCG market

A 20-year-old is trying to disrupt India’s $500 billion FMCG market

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Opinions expressed by Entrepreneur the contributors are theirs. You are reading Entrepreneur India, an international franchise of Entrepreneur Media. In a country that still hasn’t shaken off the conservative mentality of having a government job, Soptle is the name of a revolutionary breakthrough made by a nineteen-year-old boy, Pravas Chandragiri. Probably because the business in …

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Inflation is forcing restaurants and mom and pop chains like McDonald's to build on their strengths

Inflation is forcing restaurants and mom and pop chains like McDonald’s to build on their strengths

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Customers at a McDonald’s restaurant Scott Mill | CNBC As the restaurant industry battles inflation, the chains’ large size and access to cash give them the upper hand, but independents have their own advantages when dealing with higher costs. Feeling the pressure on their budgets, consumers have reduced their frequentation of restaurants in recent months. …

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