Tag: Retail industry

Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimates

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[ad_1] Costco selling 1 ounce gold bars Courtesy: Costco Gold has turned into money for Costco, where yellow metal sales begun last year have turned into a cash cow for the big-box retailer. In fact, sales are so brisk that analysts at Wells Fargo expect revenue “may now be running at” $100 million to $200 million a month, a rapid acceleration since bullion hit the warehouse club late in the summer of 2023. “Our work suggests there has been significant interest given COST’s aggressive pricing and high level of customer…

Gatorade enters new categories — even unflavored water — as competition to hydrate consumers ramps up

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[ad_1] As Gatorade approaches its 60th birthday, the brand is staying spry, branching out into new categories from unflavored water to energy drink mixes. Since its founding in 1965, Gatorade has been the dominant sports drink. It accounted for 63.5% of the U.S. sports drink market in 2023, according to Euromonitor International data. Owner PepsiCo’s archrival Coca-Cola takes the second and third slots with Powerade, a perennial No. 2 choice to Gatorade, and Bodyarmor, a newer addition to its portfolio. But combined, Coke’s two brands account for only about a…

‘I am so scared of them now’: Burned from overspending, some ‘buy now, pay later’ users warn others away

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[ad_1] Many consumers find buying now and paying later a godsend when cash is tight. Others are wishing they’d paid upfront to avoid pain later. Tia Whiteside, 27, knew she was spending more than she would have without buy now, pay later services — the popular loans that let borrowers split purchases into installments with little or no interest. Planning a day trip to the beach with her 2-year-old son last year, she spent $800 on Amazon purchases including a tent, new outfits and a high-end sandcastle kit with the…

Best Buy offers to screen LGBTQ nonprofit donations after conservative pressure, filing shows

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[ad_1] Best Buy offered to screen donations from its employee resource groups going to LGBTQ causes following pressure from a conservative think tank that holds shares in the company, according to a Securities and Exchange Commission filing made public this week. The SEC filing contains a months-long email exchange between the National Center for Public Policy Research, which describes itself as a “nonpartisan, free-market conservative think tank,” and Best Buy. The dialogue, which hasn’t been previously reported, shows how the center said it would make “a splash” unless the consumer electronics giant moved…