Costco executives told investors that recent shopper habits are sending tell-tale signs that a recession is on the way.
Particularly, customers are avoiding pricey beef products and instead are buying cheaper meats that include pork and chicken.
Cost-efficient canned meats and fish — products with longer shelf lives — are also increasing in popularity.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Costco’s Popular Lemon Blueberry Loaf Is Missing Its Star Ingredient, Shoppers SayThe loaf quickly became a sensation when it appeared in Costco's bakery, but some shoppers are reporting far less satisfying experiences.
Read more »
Costco stock drops 1% after May online sales fall nearly 8%Costco Wholesale Corp. said late Thursday its May sales rose 1.2% to $18.45 billion, from $18.23 billion in May 2022. Comparable-store sales fell 0.3%,...
Read more »
Macy's and Costco sound a warning about the economy | CNN BusinessMacy’s, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy.
Read more »
It's Not Just the Costco $1.50 Hot Dog Combo—4 Products That Have Beaten InflationWhile inflation has driven up price on many consumer goods over the last two years, prices for items like Planet Fitness’ $10 a month membership have held firm.
Read more »
Are retailers signaling a pending recession?Macy’s, Target and Costco recently released their quarterly outlooks. The report indicates a change in Americans' spending habits.
Read more »
Amazon, Activision, GE, Costco. Cash is now king and these companies have plenty, says Jefferies"Rates and yields are rising sharply in the U.S. and Europe, with both interest income and interest expense is set to rise, making cash the king,"...
Read more »