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☆ Want to pick a winning retail stock this holiday season? Watch for discounts and deflation
▼ + stars: | 2023-11-22 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +9 min

However, he added, they remain more upbeat compared with last holiday season and should spend more on gifts this year. According to FactSet, analysts anticipate there could be upside of more than 20% ahead, based on average price targets. The e-commerce giant is JPMorgan analyst Doug Anmuth's top pick for the holiday season. "We project US e-comm penetration at 23.4% of adj retail sales this holiday season, +90bps above the 22.5% in 2022," he said. "We think beauty has the potential to be a relevant gifting solution for cash-strapped consumers during the upcoming Holiday season," he said.

Persons: Chad Lusk, Alvarez, Lusk, Martis, LSEG, Inna Kuznetsova, Doug Anmuth's, Doug McMillon, Krisztina Katai, Katai, Michael Lasser, Ulta, Lasser, ToolsGroup's Kuznetsova, Marsal's Lusk, Michael Bloom Organizations: Shoppers, CNBC, Walmart, Target, Retailers, Centric Market Intelligence, Amazon, LSEG, JPMorgan, Deutsche Bank, Costco, UBS, Fed, Black Locations: Lusk, Ulta, Wayfair, Williams, Sonoma

☆ Lowe’s, Best Buy and Kohl’s predict weak holiday
▼ + stars: | 2023-11-21 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

Best Buy, Lowe’s and Kohl’s all reported sales declines during their most recent quarter Tuesday and are forecasting holiday sales to drop from a year ago. In 2021, Holiday shopping sales spiked by 14% and grew by a healthy 5% last year. But Moody’s Investors Service said in a report today that consumers are “losing spending steam” and holiday sales will grow by just 1% to 3% this year. “Retailers offering a combination of value and non-discretionary essentials will see their sales outperform the broader retail industry this holiday season,” according to Moody’s. “One trend that’s sticking is a longer holiday season.

Persons: Corie Barry, TJ Maxx, Moody’s, ”, Berna Barshay Organizations: New, New York CNN, Shoppers, Consumer, Moody’s, Service, Walmart, Costco, “ Retailers, Retailers, Sporting Goods Locations: New York

☆ Will the 'Magnificent Seven' have another good run in 2024? Morgan Stanley's Mike Wilson weighs in
▼ + stars: | 2023-11-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Much of the gains in the S & P 500 this year can be attributed to the "Magnificent Seven" stocks. The S & P 500 has rocketed nearly 19% in the year to date. His 2024 price target for the S & P 500 is 4,500. But, he said, "There's going to be … a very good stock picking opportunity, probably away from those seven [stocks] … where there should be more opportunities in the 493." "In today's volatile interest rate environment, we see this cohort offering a balance of relative performance stability along with attractive growth properties," Morgan Stanley said.

Persons: Mike Wilson, Morgan Stanley, CNBC's, Wilson, they've, —, we're, we've, barbells, Eli Lilly, Morgan Organizations: Apple, Microsoft, Nvidia, Tesla, Morgan, Microsoft Tech, Keysight Financial, Visa, Mastercard Consumer, Marriott International Pharmaceuticals, Walmart, Costco . Utilities, DTE Energy, Exelon Corporation . Energy, ConocoPhillips, Marathon Oil, Valero Energy Locations: U.S, Morgan Stanley Asia, Singapore

☆ Worth the money: We tried and rated pumpkin pies from Costco, Trader Joe's and more—the winner was clear
▼ + stars: | 2023-11-20 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

Cooking the perfect turkey is hard enough on its own without worrying about stuffing, cranberry sauce, casseroles and mashed potatoes. By the time dessert rolls around, the thought of making pie dough, blending a pumpkin pie filling and baking it to perfection can feel like a bridge too far. But if you want to outsource dessert to a supermarket near you, you'll need to choose from countless options. CNBC Make It tried a quintet of pies from a variety of national and regional chains to determine the best store-bought option. Staffers were asked to sample pie from the following five chains and select their favorite.

Organizations: CNBC, Wholesale, Costco Walmart

☆ From a homeless shelter to saving six figures and buying her first home: A 34-year-old opens up about her struggles with money and the 5 adjustments that changed her finances
▼ + stars: | 2023-11-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +10 min

Ojekunle's debit card, which was linked to her parents' bank account, was declined after she attempted to pay for a few items at the grocery store. "That's like life-changing money," Ojekunle said. Becoming a big saverA big part of financial stability is psychological, and financial trauma is real, she noted. As she got into the habit of saving, she began transferring money directly to the account. According to a screenshot of her bank account viewed by Insider, she was also able to save over six figures before purchasing her home.

Persons: Niké Ojekunle, Ojekunle, I'm, Barnes, Noble, Rich Dad Poor Dad, spender, TikTok, lockdowns, I've Organizations: Business, Nissan, Apparel, Hyundai, Adidas, Food, Costco Locations: Los Angeles, Florida

☆ Target is testing a new self-checkout policy
▼ + stars: | 2023-11-18 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Target is testing a new self-checkout policy as retailers are finding the cashier-less technology can put off customers. At a handful of stores, Target has restricted self-checkout to customers buying 10 items or fewer. Target and other retailers had expanded self-checkout machines in recent years. Self-checkout machines sometimes break. Target said that merchandise losses, known as shrink, were not a factor in testing new self-checkout policies.

Persons: John Mulligan, “, we’ve, Michael Fiddelke Organizations: New, New York CNN, Target, BBC, Walmart, Costco, ” Locations: New York, United States, Britain

☆ I quit teaching to work at Costco and I'm much happier. I never thought I'd leave my dream job, but these 5 things drove me out.
▼ + stars: | 2023-11-17 | by ( Fortesa Latifi | ) www.businessinsider.com time to read: +5 min

She says teachers need to be supported and paid fairly so they can stay in the classroom. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But I reached my breaking point in 2022, and now I work at Costco because I got so burned out from teaching elementary school. AdvertisementIf we want to solve the crisis of not having enough teachers in this country, these things need to change. Even though this was the right choice for me, I never thought I'd leave teaching.

Persons: Janelle Schuurman, couldn't, —, It's, that's, I'd Organizations: Costco, Service Locations: Michigan, America

☆ 3 Buys and a Bail: Walmart, Ross Stores, Costco & Home Depot
▼ + stars: | 2023-11-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3 Buys and a Bail: Walmart, Ross Stores, Costco & Home DepotVictoria Greene, founder and CIO at G Squared Private Wealth, joins 'The Exchange' to share three buys and a bail, including Walmart, Ross Stores, Costco, and Home Depot.

Persons: Home Depot Victoria Greene Organizations: Walmart, Ross Stores, Costco, Home Depot Victoria, G Squared, Wealth

☆ Falling inflation and rate cuts may be bad for stocks, says Morgan Stanley's Mike Wilson
▼ + stars: | 2023-11-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Contrary to popular perception, falling inflation and interest rate cuts won't necessarily be good for stocks, according to Morgan Stanley's Chief U.S. Equity Strategist Mike Wilson. And falling inflation is bad for stocks because rising prices are what drives earnings, he explained. "Whenever inflation is falling like it is today, it's typically not good for the average stock because it's not good for earnings growth," Wilson explained. The bad news is that "it's pretty clear" that inflation is falling, he said. "So now that inflation is coming down, and they start cutting, just be careful what that means for stocks.

Persons: Morgan, Mike Wilson, Wilson, Morgan Stanley, we've, It's Organizations: Chief U.S, Equity, U.S . Federal Reserve, Morgan, Big Tech, Meta, Facebook, Apple, Netflix, Walmart, Costco . Utilities, DTE Energy, Exelon Corporation . Energy, ConocoPhillips, Marathon Oil, Valero Energy Locations: Chief, Morgan Stanley Asia, Singapore

☆ Jim Cramer considers taking profits in Alphabet to maintain discipline in the portfolio
▼ + stars: | 2023-11-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Jim Cramer said he's wary about the high concentration of some stocks in the portfolio like GOOGL. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Palo Alto, we're, Jim, Jim Cramer's Organizations: CNBC, Walmart, Cisco, Palo, Club, Costco, Nvidia, Jim Cramer's Charitable Locations: overbought

☆ Rental Cars: Know the Pitfalls
▼ + stars: | 2023-11-16 | by ( Elaine Glusac | ) www.nytimes.com time to read: +2 min

Maximize your membershipsUse memberships at the retailer Costco or the organizations AAA or AARP to get a discount at specific companies. If you’re strictly joining Costco to rent cars, it may take a few rentals a year to recoup the $60 membership fee. Consider alternative companiesTuro and Getaround act like Airbnbs for rental cars: Owners offer their vehicles to rent through company websites or apps. Available in more than a dozen cities in the United States, the app- and internet-based rental company Kyte, which has no brick-and-mortar locations, will drop off and pick up its cars, which are competitively priced, wherever you specify, at no extra charge. The contactless and app-based UFO Drive rents E.V.s in more than 20 cities in the United States and Europe.

Persons: Hertz, Kyte Organizations: Costco, AAA, AARP, Avis Locations: United States, Britain, Canada, France, Australia, Europe

☆ A town that became 'one giant Airbnb' is now facing a reckoning
▼ + stars: | 2023-11-16 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

"The town is basically one giant Airbnb," David Francis, an Oklahoma state official, told the Times. Unpaved roads plague rental owners, as does unreliable water infrastructure, which is essential to maintain the hot tubs that keep guests happy. Some cabin owners who bought properties recently, when prices were high, also worry that there aren't enough traveler bookings to make their investments worthwhile. It's enough of a gap, though, to deflate some new rental owners' dreams. "I hope I don't have to sell the cabin," Winegar said.

Persons: he's, he'd, —, Hochatown, David Francis, Hochatown's, Jay Carney, Airbnbs, Todd McDaniel, it's, Leo Winegar, Winegar Organizations: Service, New York Times, Times, Dallas, Costco Locations: Hochatown , Oklahoma, Oklahoma, Dallas, an Oklahoma, —, America, Airbnb, Hochatown, Idaho

HAVANA (AP) — Until recently, the space was the one-car garage of a private home in Cuba’s capital, Havana. Yet despite their modest setup, their prices are far from affordable, even for a doctor or a teacher, who make about 7,000 Cuban pesos a month (about $28 in the parallel market). Political Cartoons View All 1247 ImagesFor example, one kilo (2.2 pounds) of powdered milk from the Czech Republic costs 2,000 Cuban pesos (about $8). “I retired with 2,200 (Cuban pesos a month or $8.80) last year and I can’t even buy a package of chicken," she said. The novelty is that the small shops like the one in Vedado and bigger bodegas like the “Cuban Costco” are entirely private and accept payments in Cuban pesos.

Persons: ” Ania Espinosa, Espinosa, Ingracia Virgen Cruzata, “, Goya, ”, Pedro Freyre, Akerman, That’s, Freyre Organizations: —, Cuban Costco, Akerman Consulting, Miami Law School Locations: HAVANA, Cuba’s, Havana, El, Cuba, Cuban, Vedado, Czech Republic, U.S, Uruguay, Florida, America, Caribbean

☆ Here’s a rapid-fire update on all 35 stocks in our portfolio, including a new industrial
▼ + stars: | 2023-11-15 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Honeywell International (HON): This is the most undervalued stock in our portfolio, Jim said. In a diversified stock portfolio, Jim said there's always room for high-quality companies like P & G, which also has a track record of raising its dividend. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club.

Persons: Jim Cramer's, Jim, Bausch, That's, Dupont De Nemours, Dupont, Danaher, Walt Disney, Estee Lauder, Locker, Vimal Kapur, we're, We've, we've, Linde, Eli Lilly, Eli, hasn't, Mark Zuckerberg, Meta's, Zuckerberg, Morgan Stanley, Morgan Stanley's, Ted Pick, James Gorman, he's, there's, Patience, Stanley Black, Decker, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Amazon Web Services, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Coterra Energy, Disney, Eaton Corp, Emerson, Ford, Union Auto Workers, GE Healthcare Technologies, General Electric, GE, Management, Google, YouTube, Honeywell International, Honeywell, Linde, LIN, Reality Labs, Microsoft, Nvidia, U.S, Oracle, Palo Alto Networks, Procter & Gamble, Starbucks, Constellation Brands, Corona, Modelo, Stanley, TJX, Wynn Resorts, WYNN, Trust Locations: China, India, Salesforce's, redeploy

Since then, their continuing joint celebration has turned into a tradition that social media users have come to expect every Thanksgiving. Airbnb guests can sign up for the chance to eat a catered early holiday dinner on Nov. 20 with Dench, 66, and Hinton, 24. They'll also get an overnight stay at Dench’s new home in the north-central Arizona city of Prescott Valley. The booking charge on Airbnb to sign up for the dinner and overnight stay is $16, corresponding with the year Dench and Hinton met. Meanwhile, a movie about the unlikely friendship between Dench and Hinton is possibly in the works, The Arizona Republic reported.

Persons: Wanda Dench, Jamal Hinton, didn’t, Hinton, Dench, ”, They'll, ” Hinton, Airbnb hasn't Organizations: PHOENIX, USA, The Arizona Republic Locations: An Arizona, Hinton, Arizona, Prescott Valley

☆ Walmart, Costco and other companies rethink self-checkout
▼ + stars: | 2023-11-13 | by ( Robert Ilich | Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

In the United States, Walmart, Costco, Wegmans and other chains have also revised their self-checkout strategies. British supermarket Booths is removing self-checkout machines. Paul Melling/Alamy Stock PhotoCustomers at Booths also frequently misidentified which fruits and vegetables they were buying when prompted by self-checkout machines. Walmart removed self-checkout machines at some stores in New Mexico earlier this year. Costco said it’s adding more staff in self-checkout areas after it found that non-members were sneaking in to use membership cards that didn’t belong to them at self-checkout.

Persons: we’ve, Nigel Murray, Paul Melling, ” Murray, “, ”, Lindsey Nicholson, ShopRite, Wegmans Organizations: New, New York CNN, Walmart, Costco, BBC ., Alamy, CNN, Getty Locations: New York, British, United States, BBC . British, Britain, New Mexico, Delaware

☆ A UK supermarket chain is firing its self-checkout stations and bringing back real people as cashiers
▼ + stars: | 2023-11-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

UK supermarket chain Booths is doing away with self-checkout stations in almost all its stores. AdvertisementAdvertisementBooths, a high-end supermarket chain in the UK, is swapping out its self-checkout stations with manned cashiers in the majority of its stores. The chain will retain self-checkout stations in only two out of its 28 stores, according to the BBC. Booths is believed to be the first UK supermarket chain that's doing away with self-checkout stations, according to the BBC. By eliminating those small interactions between customers and cashiers, self-checkout stations could also be contributing to a broader loneliness epidemic .

Persons: —, Nigel Murray Organizations: Walmart, Costco, Service, BBC, BBC Radio Lancashire, PlayUSA Locations: Albuquerque , New Mexico

☆ Homesick Americans living in the UK should head to Costco for snacks
▼ + stars: | 2023-11-11 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Costco sells some American brands and products that aren't commonly available in the UK. Candy brands I saw at Costco included Red Vines licorice, Mike and Ike candy, and Welch's Fruit Snacks. A five-pack of Kraft Macaroni & Cheese Dinner costs £11.19 (around $2.75 per box) on the UK website, whereas on its US website, Costco charges $18.99 for 18 boxes of around the same weight – or just over $1 per box. AdvertisementAdvertisementBrits can still get their tea fixThere were, however, plenty of British products on sale, showing how it had adapted its assortment to UK shoppers. Grace Dean/Insider; Will Martin/InsiderLike many supermarkets in the UK, Costco was keen to point out the local origins of some of its own-brand Kirkland Signature produce as consumers pay more attention to food miles and supporting domestic agriculture.

Persons: —, Jerry's, Kraft, Will Martin, Candy, Red Vines, Mike, Ike, I'd, Grace Dean, Tetley, Heinz, Heinz Beanz, Jacks Organizations: Costco, Kraft, &, Service, Kraft Mac, Tesco, Asda, YouTube, Red, pretzels, San Francisco Pretzel Company, Daily, San Francisco Bay Coffee, Kraft Macaroni, Yorkshire Tea, Kirkland, Aberdeen Angus Locations: London, Puerto Rico, Canada, American, San Francisco Bay, South Croydon, Japan

☆ The US minimum wage has been $7.25 since 2009. What that means for the economy
▼ + stars: | 2023-11-11 | by ( Samantha Delouya | ) edition.cnn.com time to read: +7 min

Efforts to raise federal minimum pay have fallen flatHowever, despite numerous efforts, raising the federal minimum wage above $7.25 an hour has been unsuccessful. Lagging the rising cost of livingIn many ways, the federal minimum wage seems like a relic of the past. Recent wage gains could be lostThe actual economic impact of a federal minimum wage increase is heavily debated. “The new conventional wisdom is that at least a moderate minimum wage increase has minimal effects on employment,” Reich told CNN. “But this new paper says that a really big minimum wage increase actually increases employment.”

Persons: Ken Rose, he’s, ” Rose, Sandy, ”, Michael Reich, Biden’s, ” Yannet Lathrop, Lathrop, Alex Wong, hasn’t, Rose, “, ” Ken Rose, Ken Rose Joe Bishop, ” Bishop, Reich, ” Reich Organizations: Los Angeles CNN, Tiburon Fine, CNN, Bureau of Labor Statistics, Economic, Institute, Dynamics, University of California, Democrats, National Employment, U.S, Capitol, United Auto Workers, United, Walmart, Costco, Starbucks, Tiburon, Congressional Locations: Sandy , Utah, American, Berkeley, Washington ,, United States, Amazon, Utah, Louisville , Kentucky, Louisville, Jefferson County , Kentucky

☆ Holiday spending isn't expected to rise this year. We still like our retail setup
▼ + stars: | 2023-11-10 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

The bad news: Consumers aren't expected to spend more this holiday season. With spending in line with last year, this holiday shopping season becomes a market share story — a zero-sum game. Foot Locker (FL) has issues outside of the holiday season such as an inventory glut, an overreliance on Nike (NKE) and the need to shut down unprofitable stores. We see no reason to change our 4 rating on both stocks ahead of the holiday season. Bottom line We are in a good position to benefit from how discretionary dollars will be spent this holiday season.

Persons: Morgan Stanley, Locker, Estee Lauder, Foot, Jim Cramer's, Jim Cramer, Jim, Christopher Dilts Organizations: Shoppers, Target, Walmart, Costco, Nike, TJX Companies, CNBC, Bloomberg, Getty Images Bloomberg, Getty Locations: Chicago , Illinois

☆ Cramer: eBay's results boost investment case for stocks like Costco and Amazon
▼ + stars: | 2023-11-08 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: 1 min

CNBC's Jim Cramer said Wednesday that eBay 's (EBAY) business outlook leaves much to be desired and bolsters the investment case for other retailers, such as Costco Wholesale (COST). After the close Tuesday, eBay issued light fourth-quarter guidance as management warned about softening consumer demand beginning in September and extending into the current sales period, particularly in Europe. U.S. shoppers also are looking for more value, management said. I'd rather be in Walmart," Cramer said on "Squawk on the Street." Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, owns shares of Costco and Amazon (AMZN).

Persons: CNBC's Jim Cramer, Cramer Organizations: eBay, Costco Wholesale, Costco, Walmart, Trust, CNBC, Club Locations: Europe, U.S

☆ Tyson plant closures prompt economic soul-searching in the Ozarks
▼ + stars: | 2023-11-06 | by ( J.J. Mccorvey | Brian Cheung | ) www.cnbc.com time to read: +7 min

When Tyson Foods announced in August that it was closing its 1,500-worker chicken plant in Noel, Missouri, residents knew the rural town would be hit hard. Tyson didn't immediately comment on its compensation of former Noel employees. said Corina Chinchilla, 32, who worked for 13 years at the Noel plant, ultimately becoming a production supervisor for packaging chicken breasts and tenders. Other Tyson workers, like Ryan Coulter, 27, declined to move. State and federal officials, wary of economic fallout in the region, have pressed Tyson to sell some of the sites it's vacating.

Persons: Tyson, —, Jimi Lasiter, I'm, Lasiter, hadn't, Tyson didn't, Noel, Joe Biden, Corina Chinchilla, I've, didn't, Chinchilla, David Handy, Handy didn't, Ryan Coulter, Coulter, Terry Lance, Harry S, he'd, Lance, Sen, Josh Hawley, Andrew Bailey, Hawley, Donnie King Organizations: Tyson Foods, Bowling, NBC News, Value Foods, Amazon, Costco, Truman Coordinating Council, Missouri Independent Locations: Noel , Missouri, Danville , Virginia, Bowling Green , Kentucky, Monett , Missouri, Noel, Neosho, Ozark, Rock , Arkansas, Arkansas, Little Rock, Missouri, Texas, Somalia, United States, Dexter

☆ Charlie Munger reflects on one investment Warren Buffett passed up — Costco
▼ + stars: | 2023-11-04 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett and his longtime business partner Charlie Munger almost never butt heads, but there has been one rare area of disagreement between the two investment legends. Costco has grown from less than $5 a share in the early 1980s to more than $560 a share today. 'Shoot me first' As Munger's obsession over Costco grew stronger over the years, Buffett learned to make lighthearted jokes about it. "Charlie said, 'I would like to give, once more, my speech on the virtues of Costco — with illustrations.' I kind of used them up between Costco and Apple," Buffett once said.

Persons: Warren Buffett, Charlie Munger, Munger, —, Buffett, James Sinegal's, Berkshire Hathaway, didn't, Warren wouldn't, Warren doesn't, Sears Roebuck, It's, Buffett's, he's, Charlie Organizations: Costco Wholesale Corp, Oracle, Price Club, Costco, Berkshire, BNSF, Apple Locations: Omaha, America, Berkshire

☆ Lawmakers Press Costco on China Forced Labor
▼ + stars: | 2023-11-02 | by ( Richard Vanderford | ) www.wsj.com time to read: 1 min

A campaign by U.S. lawmakers to single out companies allegedly tied to human rights abuses in China has come for popular retailer Costco. Photo: Kena Betancur/Getty ImagesCostco Wholesale faces questions from influential U.S. lawmakers over alleged links between forced labor in China and products sold in the retail giant’s stores. Costco should explain why it continues to sell seafood and security cameras that are allegedly tied to human rights abuses in China’s Xinjiang region and elsewhere, said Rep. Chris Smith (R., N.J.) and Sen. Jeffrey Merkley (D., Ore.) in a letter to Costco Chief Executive W. Craig Jelinek. Smith and Merkley head the Congressional-Executive Commission on China, a group of lawmakers and executive branch officials that monitors human rights developments in the country.

Persons: Kena, Chris Smith, Sen, Jeffrey Merkley, Craig Jelinek, Smith Organizations: U.S, Costco, Getty, Congressional, Commission Locations: China, China’s Xinjiang, N.J

☆ A slower holiday sales season won't be a problem for these 4 consumer companies
▼ + stars: | 2023-11-02 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

Holiday sales growth is expected to be sluggish this year as shoppers continue to get squeezed by sticky inflation. "Shoppers are setting strict budgets for their holiday shopping," BofA said in a recent note. And, on Wednesday evening, the company said October net sales rose 4.5% year-over-year to $18.53 billion, continuing a streak of monthly sales growth. TJX YTD mountain TJX Companies YTD TAG expects holiday sales at off-pricers to grow 6% year over year, which would be faster than last year's 4.3% increase. Black Friday and Cyber Monday will remain popular holiday shopping events, the analysts anticipate, as more shoppers spread out their holiday purchases.

Persons: BofA, discounters, Andy Jassy, Jim Cramer's, Jim Cramer, Jim, Eduardo Munoz Organizations: Club, Bank of America, Shoppers, Starbucks, Costco, TJX Companies, BofA, China comps, comps, TJX, Marshalls, TAG, Amazon, Deal, CNBC, People Locations: China, China comps ., Maxx, HomeGoods, U.S, Canada, New York City

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