Latest news with #consumerGoods
Globe and Mail
3 days ago
- Business
- Globe and Mail
Costco Counters Tariffs with Strategic Sourcing and Bulk Orders
Membership-only retailer Costco Wholesale (COST) reported its third quarter fiscal 2025 results yesterday, marginally outpacing expectations for both earnings and sales. The company said that consumers are pre-ordering goods and making bulk purchases in anticipation of future tariffs. This has helped the retailer to avoid raising prices and maintain its 'competitive price position.' Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter CEO Ron Vachris noted that, 'We're watching pricing daily, if not hourly, on every key commodity.' Notably, 8% of Costco's goods sold in the U.S. are imported from China, with nearly one-third coming from other countries. Consumers have already stocked up on many summer goods such as patio furniture and sporting equipment, helping Costco to maintain stable prices on them. Here's How Costco Is Mitigating Tariff Impact In the post earnings call, the company noted that it has pulled forward shipments of certain goods to mitigate the potential impact of tariffs this summer. Costco is also re-routing goods sourced from countries facing heavy tariff burdens to its non-U.S. markets. Effectively, it is importing goods into the U.S. from those countries with minimal tariffs. It has also been able to lower prices on essential items like eggs, butter, and olive oil. Costco is also working on shifting production of goods to countries with lower tariffs. Meanwhile, its private-label goods, which offer better value for money, are being preferred over more expensive goods. This, coupled with bulk purchases by customers, has helped Costco deliver solid comparable sales and exceed expectations. Costco has previously stated that raising prices of its products would be a 'last resort,' and the company is living up to that promise, while peers Walmart (WMT) and Target (TGT) are struggling to strategize effectively. Costco saw high-single-digit same-store sales in the fresh food category and double-digit growth in meat. Plus, discretionary items such as jewelry, home furnishings, small electronic goods, and apparel witnessed high-single-digit growth. Overall, Costco is proving its expertise by avoiding price hikes and attracting customers to its wholesale offerings. Is COST Stock a Buy? Analysts remain divided on Costco's long-term stock trajectory due to the uncertainty surrounding tariffs. On TipRanks, COST stock has a Moderate Buy consensus rating based on 17 Buys and seven Hold ratings. Also, the average Costco Wholesale price target of $1,077 implies 6.8% upside potential from current levels. Year-to-date, COST stock has gained 10.2%. Please note that these ratings were given before Costco's Q3 print and are subject to change once analysts revisit their views on the stock. See more COST analyst ratings
South China Morning Post
4 days ago
- Business
- South China Morning Post
China already had a graduate jobs crisis. The trade war is making it worse
Even a master's degree from a top Hong Kong university and a string of impressive internships have not been enough to help Jethro Chen land a decent graduate job. The final-year marketing student sent out dozens of applications to Chinese internet and consumer goods companies last year, but got nothing back except a folder full of polite rejection emails. With his attempts to land a marketing internship in Hong Kong also ending in failure, Chen has been forced to push back his graduation from the Chinese University of Hong Kong by several months while he regroups. 'Fast-moving consumer goods just aren't selling,' he sighed. 'Consumers have become more rational and cautious with their spending.' Chen is one of tens of millions of highly educated young Chinese who are facing unprecedented barriers to launching their careers, as a perfect storm of domestic and global economic headwinds leads Chinese employers to slash hiring for entry-level roles. China's youth unemployment rate shot up during the Covid-19 pandemic and has remained high ever since, with the country's economy – hamstrung by weak consumer demand and a prolonged real estate slump – struggling to create enough high-quality jobs to absorb a ballooning number of graduates.
Reuters
7 days ago
- Business
- Reuters
BAT considers reducing its stake in India's ITC
May 27 (Reuters) - British American Tobacco (BATS.L), opens new tab said on Tuesday it is considering further reducing its stake in Indian consumer goods company ITC ( opens new tab in a potential on-market sale. BAT is currently ITC's top investor, with a 20.3% stake according to LSEG data. The London-listed cigarette maker had last year sold 436.9 million shares, or roughly 3.5% of ITC's outstanding shares, for about $2 billion in what was India's third-largest block deal ever. The British firm, which has cigarette brands such as Dunhill and Lucky Strike, did not disclose more details on Tuesday and said there was no certainty that any such transaction will proceed. In February, the London-listed cigarette maker forecast a mere 1% growth in its annual revenue primarily due to tax headwinds in Bangladesh and Australia.
Yahoo
23-05-2025
- Health
- Yahoo
Magnesium Ingredients Market Research 2025: Tailored Solutions to Meet Diverse Consumer Demands
Explore magnesium's consumer appeal with our latest report using the TrendSights framework. Discover key trends in wellbeing, self-reliance, vitality, functionality, and guided health. Learn how brands innovate with magnesium formats and target markets to enhance consumer experiences and meet diverse needs. Dublin, May 23, 2025 (GLOBE NEWSWIRE) -- The "Ingredients Insights: Magnesium" has been added to offering. In a groundbreaking report, the role of magnesium in consumer goods takes center stage, revealing its transformative benefits and growing consumer appeal. This report delves into survey and market data, as well as industry examples, to highlight how magnesium is carving its niche across various consumer sectors. The analysis identifies five key trends driving magnesium's popularity: wellbeing, self-reliance, vitality & balance, added functionality, and guided health. These trends spotlight magnesium's potential to enhance consumer experiences, offering a holistic approach to health and wellness. As the market evolves, brands are innovating with diverse formats of magnesium supplements, moving beyond traditional capsules. The introduction of patches, liquids, and powders is reshaping the supplement landscape, making consumption not only easier but also more enjoyable. Tailoring products to meet specific demographic needs is becoming a focal point for brands. Customized magnesium solutions targeted at women, men, children, and the elderly exemplify this trend, addressing distinct health demands and preferences across varied consumer segments. This report offers invaluable insights for industry stakeholders aiming to unlock future commercial opportunities within the fast-paced consumer goods sector. By understanding the consumer trends and attitudes underpinning successful innovation, businesses can align their strategies with market dynamics, driving growth and yielding competitive advantages. Gain a competitive edge by tapping into the insights presented in this comprehensive report, and prepare to harness the full potential of magnesium within consumer goods. With strategic takeaways to refine decision-making processes, this report is essential for any company striving to innovate in today's dynamic marketplace. Highlights Explore emerging commercial applications: Uncover the potential of new concepts in consumer goods, setting the stage for innovation. Align with influential consumer trends: Gain insights into the trends shaping consumer expectations and innovation pathways. Expand industry understanding: Access cross-sector insights to broaden perspectives on fast-moving consumer goods. Strategic decision-making support: Leverage strategic insights to guide future product development and market positioning. Key Topics Covered: Introduction Consumer Trends Current Trends Future Predictions Innovation Technological Advances Industry Applications Takeaways Appendix Data Sets Research Methodology Competitive Landscape Marks & Spencer Danone BetterYou L'Oreal Neom PureSport Lemme Sleep Bare Biology For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Malay Mail
22-05-2025
- Business
- Malay Mail
East China's trade hub Yuyao taps Central and Eastern European market with passion, innovation
Participants of the 4th China-CEEC Expo and International Consumer Goods Fair engage in discussions at an exhibitor booth of Yuyao enterprise. YUYAO, CHINA - Media OutReach Newswire - 22 May 2025 - From May 22 to 25, the fourth China-Central and Eastern European Countries Expo & International Consumer Goods Fair will be held in Ningbo, a port city in Zhejiang Province, eastern China, according to the event's executive committee. The event showcases a series of collaborative projects between China and CEEC, highlighting the achievements in various sectors.A VR entertainment initiative co-developed by China and Hungary under the China-Central and Eastern European cooperation framework is featured at the expo, offering visitors an immersive experience in a magical forest while wearing VR goggles, allowing them to soar to colorful romantic islands on the back of a fairy's magic Mingming, general manager of the Ningbo Central and Eastern European Innovation Base, noted the all-encompassing support from the Central and Eastern European International Industrial Cooperation Park and the Yuyao Investment Promotion Center during the project's development."With their assistance, we connected with Ningbo Fantawild, established the project's operational base, and quickly completed business registration, site decoration, and contract negotiations, which earned us praise from the Hungarian side," he a major manufacturing hub and export-driven economy, Yuyao has long been a key player in Ningbo and Zhejiang's opening up to international city is home to the province's first Sino-Japanese joint venture and the China-Italy (Ningbo) Ecological Park, among other landmark projects. In 2020, the China-Central and Eastern European International Industrial Cooperation Park was officially established, becoming a crucial platform for enhancing economic cooperation with Central and Eastern addition to the industrial cooperation park, numerous private enterprises in Yuyao are actively expanding their operations in Central and Eastern Europe. Several Yuyao-made products have already become part of consumers' lives in the example, products developed by Zhejiang Biyi Electric Appliance Co., Ltd., including coffee machines and air fryers, have entered the markets of eight Central and Eastern European countries, with exports to the region up by nearly 90% in 2024. From January to April this year, the company's exports to the region increased by over 50% year on Ningbo Fuda Intelligent Technology, has seen significant success in the Central and Eastern European market since entering Poland five years ago. The company has exported mobile air conditioners and dehumidifiers to five Central and Eastern European countries."Thanks to our years of dedicated development in the Central and Eastern European market, we have seen a surge in shipments since 2025, with sales increasing nearly 180% from January to April 2025," said Fang Zhihao, deputy general manager of Fuda, emphasizing the market's vast late March, Ningbo organized a delegation of over 40 companies, including Biyi Electric Appliance and a local hot spring resort, to explore opportunities in Central and Eastern Europe. They attended the China-Hungary trade and investment matchmaking conference and visited various enterprises and institutions in Central and Eastern Europe to generate interest for the upcoming expo, according to the information office of from Yuyao customs showed that from January to April this year, the total value of imports and exports by private enterprises in Yuyao reached 30.27 billion yuan, a year-on-year increase of 18.3%, accounting for 80.3% of the city's foreign trade. More than 900 Yuyao businesses export to Central and Eastern Europe, with an export value of 1.88 billion yuan, up 24.1% from last continued expansion of Yuyao enterprises in the Central and Eastern European markets is supported by a series of facilitative government assist local businesses in accelerating exports to Central and Eastern European countries, Yuyao customs has promoted self-printed certificates of origin, ensuring quick access for businesses. From January to April this year, Yuyao customs issued 539 certificates of origin for exported goods to Central and Eastern Europe, valued at 143 million yuan, representing year-on-year increases of 10% and 35.92%, the region's abundance of specialized, innovative small- and medium-sized enterprises, Yuyao customs has leveraged its customs credit accreditation policies to establish a target list of 46 specialized "little giant" enterprises, providing advanced certification policy guidance to five firms, successfully nurturing Fengmao Technology into a customs AEO (Authorized Economic Operator) certified March this year, Yuyao announced plans for 2025 to implement initiatives to nurture industrial leaders, facilitate industry upgrading, promote enterprise going-global and encourage private firms to lead overseas venture along Belt and Road countries, among #Yuyao The issuer is solely responsible for the content of this announcement.
