Archive snapshot · Consumer
Sun, Nov 1, 8:31 AM ET
Amazon shares plunge 7% as weak retail and ad sales overshadow AWS growth
Amazon's Q3 retail revenue lagged expectations, prompting Citizens to cut its price target to $275 even as AWS growth stayed solid.
Tekedia · +7 outlets
Walmart to invest $6B automating distribution centres
The automation spend aims to lower fulfillment costs across Walmart's grocery and general merchandise supply chain.
Retail Systems · +11 outlets
FTC and eight states sue Toast over hidden restaurant fees
Regulators allege the point-of-sale provider charged restaurant clients and their customers undisclosed fees.
Restaurantdive · +11 outlets
Restaurant and small-retailer sales fall to lowest level since the pandemic
Falling sales at restaurants and small retailers point to a broad consumer pullback in discretionary spending.
CoStar · +14 outlets
US October retail sales grow 4.6% as online jumps
E-commerce led October gains, offering a positive read on consumer demand into the holidays.
Direct Commerce Association · +8 outlets
Grocery e-commerce and in-store sales move in opposite directions
Shoppers are shifting grocery purchases online while in-store volumes soften, reshaping supermarket strategy.
Grocery Dive · +3 outlets
Chocolate makers get Halloween fright as health-conscious US shoppers cut back
Rising cocoa costs and health-conscious consumers are trimming candy demand, pressuring Hershey and peers.
Reuters · +11 outlets
Starbucks piloting AI-powered personalized drive-thru menus
The chain is testing menus that adapt to individual customers as it works to revive traffic.
The Tech Buzz · +3 outlets
Walmart's AI agent Sparky converts photos of handwritten lists into online carts
The feature is part of Walmart's push to embed generative AI into its shopping experience.
PPC Land · +2 outlets
Corporate raiders take aim at troubled restaurant chains
Activist and buyout interest is rising in restaurant brands facing weak traffic and margins.
Bloomberg.com
Starbucks same-store sales climb on strong US growth
US comparable sales growth helped offset a still-tough restaurant market.
Chain Store Age · +10 outlets
Target unveils $30 Thanksgiving dinner deal as retailers compete on price
Holiday-value promotions are intensifying as retailers fight for budget-conscious shoppers.
Fox News · +4 outlets
Korea retail sales fall for first time in five quarters amid weak domestic demand
The decline marks the first retail contraction in over a year, even as semiconductor exports support overall growth.
조선일보 · +9 outlets
DoorDash-Instacart deal seen as bad news for restaurants
Consolidation among delivery platforms could raise costs for restaurant partners.
Restaurant Business · +1 outlets
Space heaters sold at Costco and other national retailers recalled over fire risk
The recall covers space heaters sold nationwide after reports of units catching fire.
NBC 5 Chicago · +5 outlets
Department store luxury sales growth plunges to the 10% range in October
Luxury price hikes are losing traction as department store sales growth cools from prior peaks.
BigGo Finance · +1 outlets
Walmart opens regional pharmacy hub in Phoenix serving more than 700 stores
The hub expands Walmart's pharmacy fulfillment footprint in the Southwest.
The Business Journals
Nikkei falls as Japan industrial output and retail sales slow
Soft Japanese retail and factory data weighed on the Nikkei 225.
www.equiti.com

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