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December core consumer prices rose at a 2.6% annual rate, less than expected at CNBC. “Excluding volatile food and energy prices, the consumer price index showed a seasonally adjusted 0.2% gain on a monthly basis and 2.6% annually, the Bureau of Labor Statistics reported Tuesday. Both were 0.1 percentage point below expectations.” Read more […]
Costco December comp sales (ex fuel & f/x) +6.2%: US +6.3% / Canada +6.0% / Other Int’l +5.6% / Digitally Enabled +18.3% Press release H-E-B and Market Basket Top dunnhumby’s Ninth Annual U.S. Grocery Rankings (Costco #4, Winco #6, Amazon #8) Top 10 list/Press release Albertson’s Companies Inc. Q3 ID sales +2.4% […]
The Curious Cult of Aldi at Bloomberg. “A cross-section of Brooklynites stretched down several city blocks—a Birkenstocked hipster, a school custodian, health-care workers, people receiving government-provided food assistance benefits…You don’t have to squint too hard to see the commonalities between Aldi and TJ’s: Both are known for compact stores, limited selections, fanatical shoppers and […]
+ November consumer prices rose at a 2.7% annual rate vs. 3.1% expected at CNBC. “Core CPI, which strips out volatile food and energy prices, was also cooler than anticipated, increasing 2.6% over 12 months. It was expected to have increased by 3%.” Read more Elliott Builds Over $1 Billion Stake in Lululemon at […]
Consumers are feeling gloomy about the economy. Here’s why they’re spending anyway at CNBC. “Marcus Feldman, a biotech project manager from Cambridge, Mass., said he will spend about 15% more this year on the holidays…“Every headline says people are scared to spend,” he said. “Then I walk down [one of Boston’s major shopping streets] […]
Eli Lilly’s next-generation obesity drug helped patients with obesity and a type of knee arthritis lose an average of 23.7% of their body weight at CNBC Walt Disney Company and OpenAI reach landmark agreement “As part of this three-year licensing agreement, Sora will be able to generate short, user-prompted social videos that can […]
Doug McMillon on CNBC set this morning “Walmart CEO Doug McMillon joins ‘Squawk Box’ to discuss the move of the company stock to Nasdaq, why he’s stepping down as CEO, impact of AI on retail, state of the consumer, and more.” Video Target Opens “Target SoHo” “…a one-of-a-kind concept store where everyday shopping […]
Costco November comp sales (ex-fuel & f/x) +6.4% : US +5.8% / Canada +8.3% / Other Int’l +8.0% / Digitally-Enabled +16.3% Press release Dollar General Q3 comp sales +2.5% Press release McLay, Nicholas touted as top prospects for Walmart U.S. job at Talk Business. “When Walmart U.S. CEO John Furner moves up […]