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Eva Marie Uzcategui | Bloomberg | Getty ImagesIt's not your imagination: Companies are getting stingier with customer rewards. Raising the barSome of the biggest shifts in customer perks have come in the airline industry. At many retailers, customers must now pay a return fee if they want to ship back unwanted clothing, shoes or other items. "To drive that online demand, free shipping and free returns were put in place, but now we all know it costs significant money," he said. Both companies aim to make sure membership isn't shared with people who aren't paying, particularly as the companies chase new avenues of growth.
Persons: Eva Marie Uzcategui, Dunkin, Cowen, David Garfield, Yuping Liu, Stephanie Keith, Marshal Cohen, Circana, Nordstrom, Christopher Dilts, Kohl's, Macy's, they're, Amit Sharma, Heidi Isern, Levi Strauss, Ann Taylor, Crocs, Brooks, reining Organizations: Brickell City Centre, Bloomberg, Getty, Retailers, Ross, uptick, American Airlines, Delta Air Lines, United Airlines, Old Dominion, Strome School of Business, LaGuardia, American Express, American, IRI, NPD, Urban Outfitters, Abercrombie, Fitch, Nordstrom, Amazon, Foods, Netflix, Costco Locations: Brickell, Miami , Florida, Queens, New York, Delta, Schaumburg , Illinois
Shoppers say the highest-earning orders on the app are increasingly not worth the pay. "After an hour-and-a-half drive, that ice cream would've been milk," the shopper told Insider. Instacart told Insider on Monday that shoppers have control over which batches they choose to shop, and that it pays according to the complexity of each order. In the past, high-paying orders have been one way for Instacart shoppers to maximize their earnings. Are you an Instacart shopper with a story idea to share?
Persons: , Instacart, Daniel Danker Organizations: Shoppers, Service, Costco, Food Lion, Kroger, IRS Locations: Wall, Silicon, Virginia, Georgia, St, Louis , Missouri, Illinois, Iowa, Utah
He's using a regular brokerage account and a solo 401(k) with pre- and after-tax advantages. Late last year, he decided he wanted to build a retirement portfolio worth $2 million that he could track and others could follow along. To date, he has $47,400 in a brokerage account and $72,774 in a retirement account, according to records viewed by Insider. This account has four sections: dividend stocks, technology stocks, risky stocks, and the S&P 500. These stocks account for 35% or about $17,000 in this account.
Persons: Austin Hankwitz, Hankwitz, Roth, I've, Crocs, doesn't Organizations: Lowe's Companies, Apple, Microsoft, Google, Palo Alto Networks, Costco, Vanguard Locations: Wall, Silicon, TikTok
TD Cowen upgrades Ross to outperform from market perform TD Cowen said consensus is "underestimating [a] margin recovery" for Ross. TD Cowen downgrades Columbia to market perform from outperform TD Cowen said demand looks muted for Columbia Sportswear . Bernstein downgrades Etsy to market perform from outperform Bernstein said it's concerned about slowing growth. Piper Sandler reiterates Crocs as overweight Piper Sandler said the shoe company is "underpinned by +DD [double digit] earnings growth and compelling valuation." Citi reiterates Apple as buy Citi said it's standing by its buy rating heading into Apple earnings after the bell.
Persons: TD Cowen, Ross, Cowen, Bernstein, Etsy, it's, Piper Sandler, Crocs, CROX, QCOM, Jefferies, Simon, Telsey, Roblox, Morgan Stanley, Robinhood, Janney, Coke Organizations: TD Cowen downgrades Columbia, Columbia, Buyers, Citi, Deutsche Bank, Qualcomm, Apple, Simon, Bank of America, UBS, Costco Locations: underperform, Wingstop, 1Q22
Consumers looking to save money are scaling back on big-ticket discretionary purchases, while spending at Club name Costco Wholesale (COST) continues to thrive. Excluding impacts from changes in gasoline prices and foreign exchange, total company core-comparable sales were up 5% on an annual basis last month. Costco's "stronger than expected results are a signal it continues to take share in this difficult consumer environment," analysts at UBS wrote in a note. This strategy offers higher value proposition to customers, allowing the company to raise prices while still maintaining customer engagement. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer, BUD, Raymond James, Anheuser, Molson, Elliott, Jim Cramer's, Jim Organizations: Club, Costco Wholesale, Costco, TAG, UBS, Constellation Brands, Modelo Especial, U.S ., Anheuser, Bush Inbev, Molson Coors, TAP, Constellation, Procter & Gamble, Tide, Gillette, Atlantic, Anheuser Bush, Elliott Management, CNBC, Corbis, Getty Locations: U.S, Teterboro , New Jersey
Amazon told Bloomberg that self-checkout is part of an effort to make Amazon Fresh attractive to more shoppers. "The customers that enjoy Just Walk Out in the Fresh stores, they really love it," Tony Hoggett, Amazon's senior vice president of worldwide grocery stores, told Bloomberg. "We are always looking for ways to make the shopping experience at Amazon Fresh as convenient as possible," an Amazon spokesperson told Insider. Besides Amazon Fresh, the company has also added the technology to some Whole Foods stores and its Amazon Go convenience stores. Within Amazon, 25 Fresh stores in the US have the technology, an Amazon spokesperson told Insider.
Persons: aren't, Tony Hoggett, Amazon's, Jason Buechel Organizations: Bloomberg Businessweek, Service, Amazon, Bloomberg, Foods, That's, Kroger, Walmart, Costco Locations: Wall, Silicon, Chicago, Southern California
Walmart is expanding its in-store advertising, as first reported by CNBC. One analyst said that we may be at an "inflection point" for in-store advertising opportunities. While Walmart is expanding its third-party advertisements in stores, it has shown ads through digital screens, TVs, and self-checkout registers for years. Retailers, like Walmart, are beginning to look to their physical stores as ways to bring in more advertisement revenue. Though in-store advertising "remains a nascent market segment," shoppers should be "thought of as 'eyeballs' for brands to reach," the report said.
Persons: there's, Andrew Lipsman, Lipsman Organizations: Walmart, CNBC, Service, Target, Kroger, Intelligence, CNBC . Retailers, Insider Intelligence Walmart, Walmart Radio, Walgreens, Costco Locations: Wall, Silicon
Richard Truong is a 26-year-old software engineer from Pennsylvania who has been a Costco member since 2016. On a recent trip to Japan, Truong stopped by the Costco warehouse in Kyoto to see the differences. I work as a software engineer for a large insurance company in Pennsylvania, and I've been a member of Costco since 2016. It's fun to wander around Costco warehouses in different countries and see what they have — what's similar to the US and what's specific to that region. Japan has 32 Costco warehouses – here's what I saw on my visit to the one in Kyoto.
Persons: Richard Truong, Truong, I've, it's Organizations: Costco, Service Locations: Pennsylvania, Japan, Kyoto, Wall, Silicon
What I didn't know was that I'd get burnt out after eight years of my dream job and instead find my lifelong career at Costco. I was the kind of teacher who didn't have many rulesAs long as they were learning, I didn't mind what form it took. If I could've kept going to work, teaching my kids, planning for the next day, and going home, I think I would've been a teacher forever. I didn't plan on working at CostcoWhen I left teaching in 2022, a new Costco was being opened in my town. I figured I'd work there for the summer and give myself time to figure things out.
Persons: Maggie Perkins, she's, Perkins, didn't, that's, I'd, I've, it'd, It's Organizations: Costco, Service Locations: Wall, Silicon, Atlanta , Georgia, Washington, Vietnam
More Big Tech earnings and the jobs report are in the week ahead as investors wrap up a strong week that included a historic run for the Dow Jones Industrial Average . Jobs report out Friday Investors will digest the latest data from the July jobs report due out next Friday. "I don't expect any huge surprise from this jobs report next week," said Liz Young, head of investment strategy at SoFi. Earnings will continue to pour in next week, with key results from Big Tech companies Apple and Amazon on Thursday. Still, cooling inflation, strong jobs market and a resilient economy could spell a happy path for Wall Street.
Persons: Dow, Queen Victoria, Kim Forrest, Jerome Powell, Forrest, Nonfarm, Dow Jones, Liz Young, Bokeh's Forrest, they're, She'd, we've, SoFi's Young, Young, she'd, Stanley Black, Decker, The Kraft Heinz Organizations: Big Tech, Dow Jones, Dow, Cotton Oil, Bokeh Capital Partners, Meta, Federal Reserve, Pew Research, Apple, Semiconductor, Bank of Japan, Chicago PMI SA, Dallas Fed, Arista Networks, Western, Systems, PMI Manufacturing SA, ISM Manufacturing SA, Merck, Co, Caterpillar, Marriott International, Altria, Cruise Line Holdings, Pfizer, Marathon Petroleum, Molson Coors Beverage, SolarEdge Technologies, Devices, Caesars Entertainment, Electronic Arts, Starbucks, ADP Employment Survey SA, CVS Health, Fidelity National Information Services, Generac Holdings, Humana, The Kraft, Brands, MetLife, Marathon Oil, Occidental Petroleum, PayPal Holdings, Qualcomm, Etsy, Costco Wholesale, MGM Resorts, SA, PMI, Factory, PMI SA, News Corp, Constellation Energy, Moderna, Warner Bros, Discovery, Hasbro, ConocoPhillips, Kellogg, Booking Holdings, Expedia, Motorola Solutions, Monster Beverage, Manufacturing Payrolls SA, Nonfarm Payrolls SA, Dominion Energy Locations: United Kingdom, U.S
But major food companies, from Nestlé to Unilever, increased prices much more than that. The world's biggest food companies spent the first half of this year raising prices, according to several earnings reports released this week. Some external factors have impacted the costs that major food companies pay to produce their products. It's especially easy for global food companies to raise prices, given that a few companies own most of the brands in many US grocery stores. But there's some evidence that consumers aren't willing to put up with higher food prices indefinitely.
Persons: PepsiCo's, Ramon Laguarta, We've, James Quincey, Quincey, PepsiCo's Laguarta Organizations: Consumer, Unilever, Service, PepsiCo, Quaker Oats, Gatorade, Federal Reserve, New York Times, Walmart, Costco, Sam's Locations: Nestlé, Wall, Silicon, Ukraine, Clorox, Kingsford, Europe
Kroger CEO Rodney McMullen discussed the company's proposed merger with rival grocery chain Albertson's with CNBC's Jim Cramer, saying he's confident about the deal despite the Federal Trade Commission's recent crackdown on mergers. The rival grocers announced their plans to merge in October, proposing a $24.6 billion deal. McMullen said he thinks the government will approve the merger, saying it will only benefit customers and employees. The merger would allow the companies to capture nearly 16% of the U.S. grocery market, according to market researcher Numerator. Kroger is currently the second-largest grocer by market share in the United States, behind Walmart , and Albertsons is fourth, after Costco, Numerator also shows.
Persons: Rodney McMullen, CNBC's Jim Cramer, McMullen, We've, we'll Organizations: Federal Trade, Kroger, Walmart, Albertsons, Costco Locations: United States
Nigel Zeid is a former Nissan EV specialist who now educates dealers about electric car sales. This as-told-to essay is based on a transcribed conversation with Nigel Zeid, a 65-year-old former Nissan EV specialist and now an independent EV educator based in Boulder, Colorado. He says car salespeople are not prepared to sell electric vehicles, and that serves as a point of frustration and barrier to adoption for car shoppers. Zeid spends his time speaking with industry stakeholders at major events and talking to dealership salespeople about EVs. If you go into an uneducated dealership, know there's more than one dealership to go to.
Persons: Nigel Zeid, Zeid, Alexa St, I've, Nigel Zeid It's, We've, that's, It's, we'll, weren't Organizations: Nissan, Morning, expos, Costco, Chevrolet Locations: John, Boulder , Colorado, EVs, California, Colorado, Texas, they're
Here are Tuesday's biggest calls on Wall Street: UBS reiterates Nike as buy UBS said it's getting incrementally bullish on the stock and that it could double. " BTIG upgrades Zscaler to buy from neutral BTIG said its checks on the IT stock have been "consistently positive." Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating heading into Apple earnings next week. Goldman Sachs reiterates Apple as buy Goldman said it's standing by its buy rating heading into earnings next week. Morgan Stanley names Elevance a top pick Morgan Stanley named the health insurance provider as a top pick and said it sees further earnings per share growth.
Persons: it's, Morgan Stanley, Apple, Piper Sandler, Wells, Goldman Sachs, Goldman, Mizuho, Oppenheimer, TSCO, Citi downgrades Goldman Sachs, TD Cowen, Wolfe, Baird, HWM, Elevance, Comm, Flywire Organizations: UBS, Nike, Apple, Walmart, Piper, Signet, Superior Unit, Costco, Citi, adv, 2Q, Meta, Digital Ad, Bank of America downgrades, Supply, Bank of America, HSBC, Zynga, Disney, Mizuho, Howmet Aerospace, Airbus Locations: Wells Fargo, 2Q23
The 'broadening out' rally is real. Here's how to play it
  + stars: | 2023-07-25 | by ( Bob Pisani | ) www.cnbc.com   time to read: +3 min
The S & P 500 is up 2.3% this month, but the market really is broadening out , and former market leaders (tech and consumer discretionary) are lagging. You might be surprised to discover that about 60 of the 100 companies in the Nasdaq 100 are not technology companies. The Nasdaq 100 includes Airbnb, Marriott, Costco, GE Healthcare, Ross Stores, and Honeywell. First Trust Nasdaq-100 Ex-Technology ( QQXT ) tracks an equal-weighted index of Nasdaq 100 stocks that excludes technology companies. The ProShares S & P Ex-Technology ETF ( SPXT ) tracks a market-cap-weighted index of U.S. large-cap stocks, excluding firms in the technology sector.
Persons: Banks, Russell, Todd Sohn, Dan Ives, Rush, Ives Organizations: Energy, Dow, Technology, Nasdaq, GE Healthcare, Ross Stores, Honeywell, There's, Trust, Ex, Microsoft, Nvidia, Thrones, Oracle, Apple, IBM, Meta, Adobe Locations: Financials, Marriott, Costco
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Health care in focus 'Ultimate trade-down play' Watch the Bullpen 1. 'Ultimate trade-down play' Investors are realizing Costco Wholesale (COST) is perfectly positioned to benefit from inflation-wary shoppers hunting for value, Jim said. The wholesale retailer is the "ultimate trade-down play," Jim said. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Jim Carmer, Jim, I've, Jim Cramer's Organizations: CNBC, Health, GE Healthcare, Costco, Raytheon Technologies
Alexis is a 26-year-old living in San Francisco earning $90,000 a year as an account supervisor. We asked Alexis, a 26-year-old San Francisco resident, about her biggest spending categories, biggest money mistakes, and financial goals. Childhood dreams brought me here to San Francisco. But I moved to San Francisco at the same time as that raise — and taxes are much higher here — so my post-promotion paychecks only increased by $50. I know I'm going to have to be more conscious about eating out to make room for those payments.
Persons: Alexis, Gen Zers, It's, I've, I'm Organizations: Service, Trader Joes, Safeway Locations: San Francisco, Wall, Silicon, Iowa, Phoenix, Francisco, Europe
Costco price tags convey a lot of information for employees and customers in the warehouse. Recently, an asterisk on Bud Light products led to rumors that Costco was giving the "star of death" treatment to Bud Light in the wake of a conservative boycott. But closer inspection of the signage showed that only 16-ounce cans of Bud Light and 12-ounce bottles of Bud Light Platinum were getting the star of death treatment. Costco did not respond to Insider's questions regarding the status of Bud Light in its stores. With that one little symbol, buyers can communicate with store managers across the country and help them plan ahead, the Texas manager said.
Persons: markdowns, Justin Sullivan, I've, Bud Light, Dominick Organizations: Service, Costco, Bud Locations: Texas, Wall, Silicon, Novato , California
Supermarkets Are Losing This Food Fight
  + stars: | 2023-07-21 | by ( Jinjoo Lee | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/supermarkets-competition-costco-walmart-aldi-4f3c0d0c
Persons: Dow Jones Organizations: costco, walmart, aldi
[1/3] The sign outside the Sam's Club is seen at its store in Shanghai, China July 12, 2023. The membership stores are also gaining ground amid a sales decline in China's hypermarket sector, which struggled with a shift towards online purchases during the pandemic. The club warehouse format "is the only bright spot," said Derek Deng, who leads Bain & Company's consumer products practice in greater China. "Sam's Club are doing well. But Sam's Club was ultimately confident it is currently miles ahead, one of the people said.
Persons: Aly, Liu Zheng, lockdowns, Derek Deng, Bain, Kantar Worldpanel, Judith McKenna, Bain's Deng, Christina Zhu, Sophie Yu, Brenda Goh, Jamie Freed Organizations: Sam's, REUTERS, Sam's Club, Costco, Walmart, HK, Freshippo, Carrefour, Yonghui, Bain, Reuters Graphics, Reuters, Sun, Retail, M, Beijing Yaodi Agriculture, M Club, Thomson Locations: Shanghai, China, BEIJING, Beijing, U.S, United States, Carrefour China, Peking, Yangzhou, Lanzhou, Sam's
[1/3] The sign outside the Sam's Club is seen at its store in Shanghai, China July 12, 2023. The membership stores are also gaining ground amid a sales decline in China's hypermarket sector, which struggled with a shift towards online purchases during the pandemic. The club warehouse format "is the only bright spot," said Derek Deng, who leads Bain & Company's consumer products practice in greater China. "Sam's Club are doing well. But Sam's Club was ultimately confident it is currently miles ahead, one of the people said.
Persons: Aly, Liu Zheng, lockdowns, Derek Deng, Bain, Kantar Worldpanel, Judith McKenna, Bain's Deng, Christina Zhu, Sophie Yu, Brenda Goh, Jamie Freed Organizations: Sam's, REUTERS, Sam's Club, Costco, Walmart, HK, Freshippo, Carrefour, Yonghui, Bain, Reuters Graphics, Reuters, Sun, Retail, M, Beijing Yaodi Agriculture, M Club, Thomson Locations: Shanghai, China, BEIJING, Beijing, U.S, United States, Carrefour China, Peking, Yangzhou, Lanzhou, Sam's
The nation's largest retailer said Thursday that it will cut the price of Walmart+ in half for those low-income households. Walmart has not disclosed total Walmart+ subscribers, but said about a quarter of its members get government assistance. Walmart launched Walmart+ in 2020 to hook shoppers and increase the likelihood of them spending more on its website and in stores. Along with the Walmart+ discounted price, Walmart said it has made it easier for families receiving food aid to shop online. It said it now accepts SNAP online in all 50 states.
Persons: Doug McMillon, Morgan Stanley Organizations: Walmart, Nutrition, SNAP, United States Department of Agriculture, Amazon Prime, Costco, Sam's, Paramount, Consumer Intelligence Research Partners, Walmart Connect Locations: U.S, Alaska
After a down day for his "Magnificent Seven" stocks, CNBC's Jim Cramer picked winners outside the tech sphere. "But if you owned a diversified portfolio, including beaten-down stocks for 2023, stocks that represent great value now, you crushed it." Cramer saw winners on Thursday in the health-care sector, specifically Johnson & Johnson and Abbott Labs . He also advised that investors look into the utilities sector, including Sempra , PG&E and American Electric Power , along with transports, especially railroad company Canadian Pacific Kansas City . Cramer conceded he's not sure this broadening market move has staying power, wondering if tech will return to its top slot next week.
Persons: CNBC's Jim Cramer, Cramer, " Cramer, Tesla, Johnson, Morgan, Wells, Ralph Lauren, he's, there's, it's Organizations: Tesla, Netflix, Taiwan Semiconductor, Microsoft, Nvidia, Abbott Labs, Bank of America, Walmart, Costco, American Electric Power, Canadian, Canadian Pacific Kansas City Locations: Wells Fargo, Canadian Pacific Kansas
Costco is seeking to build a new 241,342 square-foot warehouse in Fresno, California. The facility would replace an existing location and combine ecommerce fulfillment under one roof. This would be the wholesale club's largest warehouse, but shoppers would only be able to access part of the location. Target has gone all-in on using its stores to fulfill orders, and Walmart has used its stores for e-commerce fulfillment for years. The Salt Lake City location also opened as a hybrid concept, with a general members store and a dedicated business center for commercial customers under one roof.
Organizations: Costco, Service, Walmart, Fresno Bee Locations: Fresno , California, Wall, Silicon, Salt Lake City , Utah, Target, Salt Lake City, Fresno, Fresno . City
Kroger is working with Mark Cuban's Cost Plus Drugs to offer some prescriptions at its pharmacies. Cost Plus customers can now pick up their drugs at one of 2,000 Kroger pharmacies. Patients who get their drugs through Cost Plus Drugs can now pick them up at one of 2,000 stores operated by Kroger, Cost Plus tweeted on Wednesday. He started Cost Plus in 2022. Cost Plus Drugs buys drugs directly from the manufacturer and ships them to patients at a 15% markup plus pharmacy fees.
Persons: Kroger, Mark Cuban's, Mark, — Mark, It's Organizations: Service, Kroger, — Mark Cuban, Plus Drug, Dallas Mavericks NBA, Costco, Walmart, Albertsons, Intelligence Locations: Wall, Silicon, Ralph's, Cuban
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