DIRS.INFO The most relevant business & tech news

☆ Walmart launches new grocery brand, as it tries to hang on to inflation-fueled growth
▼ + stars: | 2024-04-30 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

And its low-priced reputation has helped the company attract higher income grocery shoppers as inflation pinches budgets. On Tuesday, the big-box retailer said it will roll out a private label called BetterGoods, a line of more trend-and chef-driven foods. Walmart is debuting a new grocery brand, as the discounter tries to retain the shoppers it has attracted during a period of high inflation. Another grocery brand it debuted, Favorite Day, is made up of creative takes on ice cream bars and trail mixes. The new private brand will join Walmart's existing collection of private brands in the grocery department, which includes Great Value — the country's largest private grocery brand by revenue, according to Numerator, a market research firm.

Persons: Costco's Kirkland, Kroger Organizations: Walmart, Aldi, Grocers, Target, Smart Locations: U.S

☆ My husband and I have a Costco executive membership. Here are 10 things we buy for our family of 4.
▼ + stars: | 2024-04-29 | by ( Ellen Ranta Olson | ) www.businessinsider.com time to read: +1 min

My husband and I use our Costco executive membership to buy food for our family of four. The Kirkland Signature chicken street-taco kit is a yummy, filling meal my kids and husband love. AdvertisementMuch like over half of Costco's shoppers, we have children to feed and like to buy our family's favorite foods in bulk. My husband is a Costco general manager, so he gets a free executive membership as an employee. This story is available exclusively to Business Insider subscribers.

Persons: rotini, — Organizations: Costco, Kirkland, BBQ Company, Service, Business

☆ China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: +5 min

Specifically, the servers contained some of Nvidia's most advanced chips, according to the previously unreported tenders fulfilled between Nov. 20 and Feb. 28. While the U.S. bars Nvidia and its partners from selling advanced chips to China, including via third parties, the sale and purchase of the chips are not illegal in China. Contacted by Reuters, Nvidia said the tenders specify products that were exported and widely available before the restrictions. Daniel Gerkin, a Washington-based partner at law firm Kirkland & Ellis, said Nvidia chips could have been diverted to China without a manufacturer's knowledge, given a lack of visibility into downstream supply chains. It did not respond to subsequent questions about tenders that identified its products as a source of banned Nvidia chips.

Persons: Wong Yu Liang, Daniel Gerkin, Kirkland, Ellis, Clare Locke, Gigabyte Organizations: Nvidia, Getty, Super Micro Computer Inc, Dell Technologies Inc, Gigabyte Technology, Reuters, Chinese Academy of Sciences, Shandong Artificial Intelligence, Hubei Earthquake Administration, U.S, U.S . Commerce Department, Industry, Security, Super Micro, Dell Locations: China, U.S, Shandong, Hubei, Southwest, Heilongjiang, Washington

☆ I've lost 73 pounds in 10 months. Here are 10 products from Costco that help me keep the weight off.
▼ + stars: | 2024-04-23 | by ( Myriam Estrella | ) www.businessinsider.com time to read: +1 min

I've dropped 73 pounds in 10 months, and a few items at Costco have helped me along the way. Protein-rich foods like the Kirkland Signature organic plain Greek yogurt are always in my fridge. For quick meals, I buy the Honey Smoked Fish Co. salmon stackers and the Kirkland Signature hummus. Like many typical Costco shoppers, I prioritize getting healthy meals and snacks when grocery shopping. This story is available exclusively to Business Insider subscribers.

Persons: I've, — Organizations: Costco, Kirkland, Service, Business

☆ Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand
▼ + stars: | 2024-04-22 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

The company said hours for remaining stores won't change and it will continue to accept orders and returns as usual. "The proposed transaction will provide Express with additional financial resources, better position the business for profitable growth and maximize value for the Company's stakeholders," Express said. "We are taking an important step that will strengthen our financial position and enable Express to continue advancing our business initiatives," he added. Last spring, Express acquired Bonobos' operating assets and related liabilities for $25 million from Walmart in a joint deal with WHP. The deal came as Express' "core business was weak, and cash was tight," GlobalData managing director Neil Saunders said in a Monday note.

Persons: –, Stewart Glendinning, Neil Saunders, Saunders, Kirkland Organizations: Express Inc, Longtime, Express, WHP, Simon Property Group, Brookfield Properties, Les Wexner's, CNBC, Walmart, Powerhouse, Ellis, Partners Locations: New York, U.S

☆ I tried store-brand peanut butter from Whole Foods, Trader Joe's, Costco, and Wegmans. My kids couldn't get enough of the winner.
▼ + stars: | 2024-04-19 | by ( Ted Berg | ) www.businessinsider.com time to read: +1 min

My family tried peanut butter from four different grocery stores and ranked them from worst to best. The Kirkland Signature organic creamy peanut butter had a great flavor, and my kids loved it. AdvertisementMy family goes through a lot of peanut butter — my kids, ages 6 and 3, routinely eat the spread in sandwiches and snacks. Although big-name peanut butter brands are great, I wondered if I might be missing out on supermarket-brand versions, which are often a decent value. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Kirkland, Service, Business

☆ I've worked at Costco for 18 years. Here are 10 of the best things I'm seeing on shelves this month.
▼ + stars: | 2024-04-08 | by ( Veronica Thatcher | ) www.businessinsider.com time to read: +1 min

I've worked at Costco for 18 years, so I know which items are worth buying at the store each month. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFrom fresh-baked goods to limited-edition clothing items, Costco offers plenty of enticing merchandise to hold its place as a leading retailer in customer satisfaction. As a longtime Costco employee , I'm always on the lookout for the best-value items at the wholesale retailer. Here are 10 things I recommend checking out at Costco this April.

Persons: I've, Kirkland, —, I'm Organizations: Costco, Service

☆ I pay for Costco's $120 executive membership even though I only shop for 2. Here are some of my favorite things to get for dinner.
▼ + stars: | 2024-04-06 | by ( Dominic Bucca | ) www.businessinsider.com time to read: +1 min

Maldon sea-salt flakes and Kirkland Signature grass-fed butter are essentials in my house. I pay $120 annually for an executive membership, which comes with a 2% reward of up to $1,000 on qualified Costco purchases. In my opinion, the Costco executive membership, which is double the price of its cheaper $60 gold-star option, offers the most value for customers. As long as I spend at least $3,000 annually, I make back the extra cost of the executive membership in rewards. Here's what I buy using my executive membership.

Persons: — Organizations: Costco, Service Locations: Maldon

☆ Why Costco’s hot dog is still $1.50 when everything has gotten so expensive
▼ + stars: | 2024-03-27 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

If Costco’s hot dog deal kept pace with inflation, it would be three times as expensive today — nearly $4.50. ‘If you raise the effing hot dog, I will kill you’Costco’s hot dog defied inflation from the very start. Costco’s hot dog offering was born in the company’s early days. Realizing the importance of the low-priced hot dog, the chain brought production in-house and switched to its own Kirkland Signature brand. Jim Sinegal, Costco’s co-founder, once told the company’s former CEO Craig Jelinek, “If you raise the effing hot dog, I will kill you.

Persons: ”, Scott Mushkin, Richard Galanti, Gus Faucher, Kirkland, Jim Sinegal, Costco’s, Craig Jelinek, “, ” Sinegal Organizations: New, New York CNN, Costco, Bureau of Labor Statistics, R5, Federal Reserve, PNC Financial Services, Seattle Times Locations: New York, Portland , Oregon

☆ Presidential election or not, economists say, the Fed will cut interest rates in the fall if it must
▼ + stars: | 2024-03-17 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Fed officials have said they will begin to cut rates whenever they have “gained enough confidence” that inflation is under control. The Bank of Japan announces its latest interest rate decision. The Reserve Bank of Australia announces its latest interest rate decision. The Federal Reserve announces its latest interest rate decision and releases a fresh set of economic projections, followed by a news conference featuring Chair Jerome Powell. The Bank of England announces its latest interest rate decision.

Persons: Wall Street’s, “, ” Kathy Bostjancic, ”, Jerome Powell, ” Powell, Fed hasn’t, Nathaniel Beck, Elizabeth Warren of, Powell, lambasting, Donald Trump, reappoint Powell, ” Kayla Bruun, David Goldman, Anna Bahney, Cowen, Lennar, Mills Organizations: CNN Business, Bell, Washington CNN, Federal Reserve, Fed, Nationwide, CNN, Elizabeth Warren of Massachusetts, Democratic, Republican, Morning, National Association of Realtors, NAR, Realtors, Toll Brothers, National Association of Home Builders, Bank of Japan, Reserve Bank of Australia, US Commerce Department, Micron Technology, Prudential, Accenture, Nike, FedEx, lululemon, Darden, Academy Sports, Bank of England, US Labor Department, Global Locations: Washington, Wells Fargo

☆ Talk of recession is dying down in corporate America
▼ + stars: | 2024-03-17 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

Ever since the Federal Rserve began raising interest rates in early 2022, corporations and investors have braced for how a recession might play out. The word recession came up on the fourth-quarter earnings calls of 47 companies in the S & P 500, according to market data platform FactSet. Almost half of the more than two dozen finance chiefs surveyed by CNBC said they expect the Federal Reserve to control inflation without a recession, a scenario known as a soft landing. Looking ahead to 2024, CFO Emma Giamartino said the Dallas-based company's full-year guidance is "contingent" on the Fed cutting short-term interest rates and the economy skirting a recession. "All indications are now that we're going to have more of a soft landing than a recession."

Persons: John Wall, Emma Giamartino, Giamartino, Richard Galanti, Galanti, Joseph Margolis, it's, Margolis, J, Thomas Hill, Marvin Ellison, Ellison Organizations: Federal, U.S, Cadence Design Systems, CNBC, Federal Reserve, Costco, Kirkland Signature, Hotels, Vulcan Locations: Dallas, Salt Lake City, North Carolina

☆ Gwyneth Paltrow shares her easy-to-replicate longevity tips
▼ + stars: | 2024-03-16 | by ( Joi-Marie Mckenzie | Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . DispatchThe mania over Trader Joe's mini tote bags and Stanley cups is indicative of just how fast today's consumer fads can come and go. Instead, it's (checks notes) a $2.99 Trader Joe's miniature tote that has shoppers in a frenzy. Trader Joe's played into a scarcity model too, forcing consumers to scramble to find them.

Persons: —, they've, Stanley, Chanel, Gucci, We've, Emily Stewart, They're, Joe's, TJ's, they'll, Gwyneth Paltrow, She's, Taylor, Rebecca Zisser, Gwyneth Paltrow preps, Fiona Chandra, Jenny Chang, Rodriguez, Duff Goldman, Esther Horvath, Getty, Claudia Totir, Elena Veselova, Tyler Le, Duff, Goldman, Jennifer Aniston, Lindsay Lohan, Taylor Swift, Chandra Wilson, Max, it's, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Business, Service, Dior, tote, Stanley, wilatlak, Chandra Wilson ABC, Disney, Netflix, Nickelodeon Locations: Africa, South Africa, Tanzania, California, wilatlak villette, Getty, Toom, Kirkland, New York

☆ Inside chef Duff Goldman's fridge, from the salads helping him lose 47 pounds to his current Costco buys
▼ + stars: | 2024-03-13 | by ( Lizzy Briskin | ) www.businessinsider.com time to read: +7 min

Celebrity chef Duff Goldman lives with his wife and 3-year-old daughter in California. A peek inside Duff Goldman's fridge. Chilling cookie doughIt's no surprise to find cookie dough in Duff Goldman's fridge. Toom garlic dipToom is one of Duff Goldman's go-to dips. Toom Garlic Dip, Tyler Le/BIA bit hidden in Goldman's fridge is a highlighter-yellow tub of Toom garlic dip.

Persons: Duff Goldman, Goldman, —, you've, Johnna, Duff, Jennifer Aniston, he's, I've, Tyler Le, yolks, — Goldman, Duff Goldman's, Kirkland Organizations: Service, Charm, Goldman, Costco, Kirkland Locations: California, Ventura County , California, Italian, West Coast, Buffalo

Be on the lookout for new packaging, shop store brands, and keep track of the unit pricing to avoid losing money to shrinkflation. Buy store brandsStore brands typically have cheaper prices than the major brands that you find on store shelves. Think Kirkland brand at Costco or the store brands in Walgreens or Walmart. Because store brands are already generally the cheaper options, they will also be slower to repackage or downsize their products. For example, a 30-ounce jar of pickles that costs $8 would list a unit price of $0.27 per ounce.

Persons: Shrinkflation, Biden, shrinkflation, Kirkland Organizations: Costco, Walmart, Quicken Locations: Walgreens

☆ Costco CFO's go-to meal is a $5 rotisserie chicken, shrimp cocktail, and Kirkland Signature vanilla ice cream
▼ + stars: | 2024-03-12 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Costco CFO Richard Galanti received a $6.7 million pay package last year, but can be frugal at dinnertime. "I will buy a rotisserie chicken, shrimp cocktail and the Kirkland Signature vanilla ice cream, which is the best," he said. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCostco's outgoing CFO Richard Galanti has been with the company for all but a few months of the wholesale club's 40-year history.

Persons: Richard Galanti, Galanti, he's, — Organizations: Costco, Progressive, Kirkland, Service, Business

☆ The next breakthrough for longevity obsessives: measuring organ age
▼ + stars: | 2024-03-10 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Biological age has become a buzzword in longevity circles and is "the true age that our cells, tissues, and organ systems appear to be, based on biochemistry," according to the National Institute on Aging. The latest breakthrough in longevity research suggests there may be a way to measure the age of specific organs. A recent study in Nature utilized machine learning models to analyze the age of 11 major organs for 5,676 adults. AdvertisementKnowing your "oldest organ" might also tell you more about your health trajectory — and the age-related diseases you could develop — than your biological age. The study found that individuals with accelerated heart aging, for example, have a 250% higher risk of heart failure.

Persons: multimillionaire Bryan Johnson, he's, Bloomberg, It's, Dr, James Kirkland Organizations: Bloomberg, National Institute, Aging, Wall Street, Mayo Clinic

☆ Costco says it's actually cutting prices on some products as inflation stabilizes
▼ + stars: | 2024-03-08 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

Costco cut prices on frozen berries, reading glasses, and other products this year. The retailer wants "to be the first out there trying to lower prices," CFO Richard Galanti said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBerries, batteries, and reading glasses are among the items that cost less at Costco now thanks to a slowing rate of inflation. The retailer recently cut some of the prices at its warehouses, CFO Richard Galanti said during an earnings call late Thursday.

Persons: Richard Galanti, — Organizations: Costco, Service, Kirkland, Business

☆ Costco misses holiday-quarter revenue expectations despite online growth
▼ + stars: | 2024-03-07 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Costco on Thursday missed Wall Street's revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains. Costco's revenue for the quarter increased from $55.27 billion in the year-ago period. Fresh foods were up high single digits and nonfoods were up mid single digits. Ancillary businesses, which includes more service-related purchases like travel, were up by low single digits, he said. In the second quarter, Costco opened four new clubs, including three in the U.S. and one in Shenzhen, China.

Persons: Richard Galanti, Galanti, it's, Kirkland Organizations: Costco, LSEG, U.S ., Costco Business Centers Locations: U.S, Puerto Rico, Canada, Mexico, Japan, China, Shenzhen

☆ The job more parents are taking to get a discount on their kids' college tuition
▼ + stars: | 2024-03-06 | by ( Kevin Williams | ) www.cnbc.com time to read: +5 min

As a college staff member, Heater gets deeply discounted tuition at the private Marianist Catholic college with approximately 8,000 undergraduate students. She compared universities in her area and their benefits and decided on University of Dayton, which offers tuition benefits for staff workers and their dependents. Washington said that workers and their dependents can also use a tuition exchange program, which allows them to transfer their tuition benefits within a pool of participating schools. For instance, once the tuition benefit exceeds the IRS' guidelines of $5,250 annually, the rest is generally considered taxable income. She said she thinks a lack of awareness about tuition benefits programs keeps them from being more popular.

Persons: Ariel Skelley, Troy Washington, Washington, Jacob Channel, Sherry Kirkland, Kirkland Organizations: Digitalvision, Getty, University of Dayton, Catholic, University of Dayton's, College and University Professional, for Human Resources, Wilmington University Locations: Ohio, Delaware

☆ My family tried 11 of Costco's premade meals, and we'd buy almost all of them again
▼ + stars: | 2024-03-01 | by ( Ted Berg | ) www.businessinsider.com time to read: +1 min

My family reviewed and ranked 11 prepared Kirkland Signature meals from Costco. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . So when I saw how many prepared Kirkland Signature meals were available at Costco on my most recent trip, I figured it might be time to see how good they actually are. My family ate and ranked 11 Kirkland Signature meals to see which was the tastiest and easiest to prepare.

Persons: flavorful, —, Kirkland Organizations: Kirkland, Costco, Service Locations: Yukon

☆ I'm a nutritionist who shops at Costco for 2. Here are 15 things I always buy in bulk.
▼ + stars: | 2024-02-26 | by ( Candace Nelson | ) www.businessinsider.com time to read: +11 min

Candace Nelson for InsiderEggs are so versatile, and we eat a ton in my house since we're huge fans of breakfast burritos. Kirkland Signature's mixed-nut butter is wholesome and simpleKirkland Signature's nut butter is a great source of healthy fats. Candace Nelson for InsiderKirkland's mixed-nut butter is my all-time favorite Costco discovery — I recommend it to my nutrition clients and use it almost daily. Candace Nelson for InsiderI do most of my cooking in olive oil, so I keep it near the stove for easy access. Candace Nelson for InsiderI don't eat a lot of dairy but when I do, I prefer it in cheese form.

Persons: —, Candace Nelson, Kirkland Signature's, Kirkland's, I'm, Kirkland Organizations: Service, Business, Costco, Disney, Kirkland Locations: Costco, veggies

☆ We're DINKs who make $190k a year and work from home. Here's what our typical Costco haul looks like.
▼ + stars: | 2024-02-20 | by ( Jacqueline Gualtieri | ) www.businessinsider.com time to read: +9 min

Here's what my partner and I usually get for $350 in our high-cost-of-living California city. AdvertisementWe usually pick up variety packs of Poppi, which contain prebiotics for gut health and have fewer calories and added sugars than most sodas. There are few places to grab bagels around my home now, so the bagels at Costco are a decent replacement. Instead of using cream cheese, I put Laughing Cow spreadable cheese on my bagel, preferably the light option if Costco has it. It's a good substitute for unhealthier snacks, and a pack of 60 only costs us about $10 at Costco.

Persons: —, we're DINKs, Jacqueline Gualtieri, we're, Ade kombucha, Costco's, Caesar, Costco Jacqueline Gualtieri, Gualtieri, We've, Kirkland Organizations: Service, Area, Business, Costco, Del Real Foods, Kirkland Locations: Central Coast, Monterey, California, Del Real, Italian

☆ I'm a professional baker and my boyfriend is a chef. Here are 13 of our favorite things to buy at Costco.
▼ + stars: | 2024-02-16 | by ( Alana Al-Hatlani | ) www.businessinsider.com time to read: 1 min

I'm a professional baker and my partner is a chef — we both shop at Costco for several staples. We often buy Kirkland Signature's extra-virgin olive oil and maple syrup in bulk for a good price. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI'm a baker and my partner is a chef, so Costco is our go-to when we need to stock up on ingredients.

Persons: I'm, — Organizations: Costco, Kirkland, Service Locations: Seattle , Washington

☆ I canceled my BJ's and Sam's Club memberships when Costco opened 40 minutes away. It's now the only warehouse I shop at for my family.
▼ + stars: | 2024-02-15 | by ( Terri Peters | ) www.businessinsider.com time to read: +1 min

When Costco opened 40 minutes away, I canceled my other warehouse memberships and never looked back. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The trip seemed just a bit too far so my family and I looked for other warehouse-store alternatives. Sam's Club and BJ's Wholesale Club were only about 15 to 20 minutes away so, over the course of six years, I shopped at the two stores. This story is available exclusively to Business Insider subscribers.

Persons: —, I've Organizations: Costco, Products, Kirkland, Protein, Service, Sam's, BJ's Wholesale, Business Locations: Northeast, Central Florida

☆ I pay for Costco's $120 executive membership even though I only shop for 2. Here are some of my favorite buys.
▼ + stars: | 2024-02-14 | by ( Dominic Bucca | ) www.businessinsider.com time to read: +1 min

I do almost all of my grocery shopping at Costco, even though I only shop for two. I have an executive Costco membership and feel that it's worth the $120 fee. AdvertisementDespite not having a large family to feed, I've been shopping at Costco for more than 20 years. I pay for a $120 executive membership, which feels worth it to me because of the savings I score on pantry staples, dairy, meat, and more. Unlike the cheaper $60 membership, the executive version has a 2% annual reward of up to $1,000 on eligible Costco purchases.

Persons: — Organizations: Costco, Service

Search resuls for: "Kirkland"

25 mentions found