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The store's typical customer is a more rural baby boomer who earns $60K a year and owns her home. But which of those millions of shoppers is the "typical" Lowe's shopper? In addition to taking on Home Depot, Lowe's is looking to win over customers from outdoor lifestyle retailer Tractor Supply Co. with a push into smaller-format rural stores. Lowe's shoppers have dialed back in recent months, but the company said a few are still splurging on its offerings of high-tech, futuristic appliances at price points of $2,500 or more. The typical customer earns between $40,000 and $80,000 a year and now makes nine trips to Lowe's, spending about $90 per trip for an annual total of $809.
Persons: Lowe's, boomer, Organizations: Service, Tractor Supply, Home Locations: North America, Wilkesboro , North Carolina, Lowe's
Higher chicken prices should improve earnings at top producers Tyson (TSN.N) and Pilgrim's Pride (PPC.O), but will pinch consumers' pockets as they try to save money by turning away from higher-end proteins. Arkansas-based Tyson, which sells all three types of meat, had to deal with a glut of chicken after earning massive profits when meat prices soared during the COVID-19 pandemic. The U.S. government last month trimmed its estimate for 2023 chicken production from August due in part to expectations for lower chick placements. "We've seen some recovery in chicken prices and we've seen some consumer prices start to level off," Tyson CFO John R. Tyson told investors last month. Further increases in chicken prices could threaten demand, said Adam Speck, senior commodity analyst for Gro Intelligence.
Persons: Lucas Jackson, Tyson, Bob Brown, Brown, Donnie King, Arun Sundaram, Sundaram, We've, John R, Adam Speck, Bill Densmore, Tom Polansek, Caroline Stauffer, David Gregorio Our Organizations: New York U.S, REUTERS, Rights, Tyson Foods, U.S . Department of Agriculture, Rabobank, Producers, CFRA Research, Gro Intelligence, Fitch, Thomson Locations: Brooklyn, New, Arkansas, U.S, freezers ., Wilkesboro , North Carolina, Great
CHARLOTTE, N.C. (AP) — NASCAR added Atlanta Motor Speedway and the road course at Watkins Glen International in upstate New York to the playoffs as part of the 2024 Cup Series schedule released Wednesday. Many of the celebrated changes to the schedule had already been announced: Bristol Motor Speedway is removing the dirt for its spring race, Indianapolis Motor Speedway is returning NASCAR to his historic oval and Iowa Speedway will finally host a Cup race. Political Cartoons View All 1199 ImagesTexas Motor Speedway lost the playoff race it has hosted since 2004 and its lone Cup race will be in the spring. One surprise is the return of the hybrid oval/road course at Charlotte Motor Speedway, which hosts this Sunday's playoff elimination race in the round of 12. NASCAR, like IndyCar, will have a two-week break during the Paris Olympics to accommodate broadcast partner NBC Sports.
Persons: CHARLOTTE, Darlington's, FS1 Sinday, Charlotte, Watkins, Charlotte Roval Organizations: NASCAR, Atlanta Motor Speedway, Watkins Glen International, Bristol Motor, Indianapolis Motor, Iowa Speedway, Busch, Coliseum, Phoenix Raceway, Atlanta, Watkins, Texas, Speedway, Kansas Speedway, Richmond, Charlotte Motor Speedway, Drivers, Charlotte, IndyCar, Paris, NBC Sports, Fox, Fox Sunday, Las, Darlington, FS1, NBC, Watkins Glen, Vegas, Martinsville, AP Locations: N.C, New York, Los Angeles, Daytona, Darlington , South Carolina, Bristol, Tennessee, Atlanta, Las Vegas, Phoenix, Americas, Richmond, Martinsville, Texas, Dover, FS1, Kansas, Wilkesboro, Sonoma, Iowa, USA, New Hampshire, Nashville, Chicago, Pocono, Indianapolis, Michigan, Miami
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