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Retail
Beyond Meat stock falls after conclusion of McDonald’s McPlant test
Advertising for the McPlant burger, a plant based vegetarian alternative to more traditional meat burgers by fast food giant McDonalds on 11th July 2022 in London, United Kingdom.Mike Kemp | In Pictures | Getty ImagesShares of Beyond…
Consumers are expected to have spent slightly more in July, but Prime Day
People shop in a supermarket as inflation affected consumer prices in New York City, June 10, 2022.Andrew Kelly | ReutersConsumers are expected to have spent just slightly more in July, but they may have boosted what they spent online in…
Ultra-rich still shopping for luxury despite inflation, recession fears
Prices for food, gas and travel have soared over the past year – but the rich appear to be shrugging it off and are still fueling sales at luxury companies, where sneakers can go for $1,200 and sports cars easily top $300,000.Companies…
Consumers are cutting back on restaurant spending, but CEOs say not all
Howard SchultzDavid Ryder | ReutersSome restaurants are reporting weaker sales or declining traffic in the second quarter, signaling that diners are cutting back on eating out to save money.But CEOs are split on how consumer behavior is…
Some spirits drinkers are starting to trade down, Beam Suntory says
Bottles of Beam Inc.'s Jim Beam bourbon whiskey, center, are displayed for sale at a liquor store.Uriko Nakao | Bloomberg | Getty ImagesThe maker of Jim Beam said some price-sensitive whiskey and tequila drinkers are opting for cheaper…
People are spending lots of money on makeup, and retailers are cashing in
Target has added new brands to its beauty department. At a growing number of stores, it also has mini Ulta Beauty shops with prestige brands.Melissa Repko | CNBCAs prices creep up, some people have decided against getting a new outfit,…
Top tips to save on back-to-school shopping
Customers shop for back-to-school supplies at a Target store in Colma, California.David Paul Morris | Bloomberg | Getty ImagesAs parents know all too well, it's hard to cut back when it comes to the kids.Despite more households living…
Why the price of a pint of beer in the UK is going through the roof
LONDON — The average cost of a pint of beer in the U.K. has soared by 70% since 2008 — well ahead of inflation — and some Londoners are parting with as much as £8 ($9.70) for 568ml of the amber nectar.According to figures from…
The Walmart, Target inventory misses include a message for Main Street
Filip Radwanski | Lightrocket | Getty ImagesThe retail battle narrative over the past few decades has cited one of two wars: Amazon and e-commerce against the big bricks-and-mortar retailers, and everybody big against small Main Street…
Bed Bath & Beyond up nearly 40%, AMC surges amid message board meme chatter
A view of a Bed Bath and Beyond store in Daly City, California.Justin Sullivan | Getty ImagesBed Bath & Beyond and AMC Entertainment surged Monday as meme traders seemed to be betting on the stock despite the lack of any apparent…