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July 18, 2021

CONSUMER

Beyond Meat opens JD.com store amid China consumer caution on meat substitutes

Reuters
Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, U.S., June 5, 2019. REUTERS BEIJING, July 15 (Reuters) – Beyond Meat (BYND.O) said on Thursday it has launched an online store in China on JD.com’s (9618.HK) ecommerce platform, as......

Delta, Apple, Best Buy are some stocks that will benefit from consumer spending rebound, Cramer says

CNBC
CNBC – For more and to sign up click here The corporate earnings season is under way, and CNBC’s Jim Cramer thinks the early reports from major banks all have something in common: they indicate consumer spending could soon surge. “I think we’re at an inflection point where consumer spending can truly......

Consumer interest in immunity is here to stay

FoodBusinessNews
ARNHEM, THE NETHERLANDS — A quarter of consumers globally have become more concerned about their immune health since before the COVID-19 pandemic, according to research from Innova Market Insights. The most significant increase was among millennials and younger Gen X ages 36 to 45 years old. Higher levels of concern......

Tilman Fertitta expects consumer spending to stay strong even as Covid stimulus boost fades

CNBC
CNBC – For more and to sign up click here Landry’s Chairman and CEO Tilman Fertitta told CNBC on Tuesday he expects consumer spending to remain strong throughout the rest of 2021, even as the initial boost provided by Covid stimulus earlier this year fades.  In an interview on “Power......

Covid resurgence in parts of Asia drag down consumer spending

CNBC
CNBC – For more and to sign up click here View of Pasar Baru Traditional Market during the Covid-19 Emergency Restrictions in Bandung. Algi Febri Sugita | SOPA Images | LightRocket via Getty Images As consumer spending in China continues to lag in its economic recovery from the pandemic, a......

Tesla Model 3 regains safety endorsements from Consumer Reports and IIHS

CNBC
CNBC – For more and to sign up click here A Tesla Model 3 plugged in and charging at a Supercharger rapid battery charging station for electric vehicles in Bersteland, Germany, on March 02, 2021. Thomas Koehler | Photothek | Getty Images Consumer Reports and the Insurance Institute for Highway......

Rising producer prices in China won’t likely drive up consumer costs, says JPMorgan

CNBC
CNBC – For more and to sign up click here The recent surge in producer prices in China will not likely to drive up costs for consumers, says JPMorgan Private Bank’s Alex Wolf. “We don’t see (producer inflation) really going into consumer prices. They’ve risen a bit, but we don’t......

Boat maker Brunswick sees revenue growth but faces low inventory levels due to consumer demand, CEO says

CNBC
CNBC – For more and to sign up click here Boat maker Brunswick will have low inventory by the end of 2021 as it continues seeing strong revenue growth and consumer demand, Brunswick CEO David Foulkes told CNBC on Friday. While Foulkes said he expects Brunswick to meet its production forecast for......

GSK chief vows ‘step change in growth’ as consumer business is split off

CNBC
CNBC – For more and to sign up click here View of the headquarters of the British pharmaceutical company GlaxoSmithKline in west London. Ben Stansall | AFP | Getty Images LONDON — British pharmaceutical giant GlaxoSmithKline faces a crunch meeting with investors on Wednesday after announcing a new strategy for......

Consumer trends are getting personal

FoodBusinessNews
PARIS — Consumer packaged goods marketers are on a journey. Past legs of the journey have focused on products and groups of consumers, but now there is a shift toward individuals and engagement. “Consumers are defined by what they buy,” said Oliver Wright, consumer goods and services lead for the......

Consumer Goods Forum’s Global Summit to focus on ‘now what?’

FoodBusinessNews
PARIS – The Consumer Goods Forum, whose members play integral roles throughout the food and beverage supply chain, is meeting virtually for its Global Summit June 21 to 24 to discuss “now what?” and discern what markets around the world may look like post-pandemic. “‘Now What?’ reflects the need to......

Social Security cost-of-living adjustment for 2022 could be higher based on rising consumer prices

CNBC
CNBC – For more and to sign up click here Zoom In IconArrows pointing outwards Rising consumer costs have helped push the latest estimate for next year’s Social Security cost-of-living adjustment to 5.3%. Whether that will actually be the bump retirees see to their monthly checks in 2022 depends a......

May Consumer Price Index jumps 5% from previous year

CBS News
CBS News – For more and to sign up click here May Consumer Price Index jumps 5% from previous year – CBS News Watch CBSN Live Jill Schlesinger breaks down why consumer prices are spiking, what sectors are impacted the most and how long people could feel the pain in......

Position for longer-term inflation, investor says as stocks brush off higher consumer prices

CNBC
CNBC – For more and to sign up click here Investors appear to be brushing off the latest inflationary uptick. Consumer prices in May rose at the fastest year-over-year rate since 2008, the Labor Department said Thursday, but U.S. stocks aren’t feeling the heat. Zoom In IconArrows pointing outwards The......

France’s Citroen charged with consumer fraud over dieselgate probe

Reuters
Carmaker Stellantis (STLA.MI) said on Thursday that its French Citroen unit had been charged with consumer fraud by French prosecutors in a far-reaching diesel emissions probe. Citroen would have to make a deposit of 8 million euros and provide a bank guarantee of 25 million euros for potential compensation for......

Consumer prices jump 5% in May, fastest pace since the summer of 2008

CNBC
CNBC – For more and to sign up click here Consumer prices for May accelerated at their fastest pace in nearly 13 years as inflation pressures continued to build in the U.S. economy, the Labor Department reported Thursday. The consumer price index, which represents a basket including food, energy, groceries,......

New Congressional report says “dangerous” Rock ‘n Play exposes U.S. safety flaws

CBS News
CBS News – For more and to sign up click here New Congressional report says “dangerous” Rock ‘n Play exposes U.S. safety flaws – CBS News Watch CBSN Live Only on “CBS This Morning,” a new Congressional investigation into infant inclined sleepers finds that Fisher-Price failed to ensure its Rock......

The risky thinking that will define the post-Covid consumer: Wharton psychology guru

CNBC
CNBC – For more and to sign up click here Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Instead of jumping to a conclusion about the post-Covid consumer, revert back to one......

Canned cocktails could be the drink of summer with consumer demand bubbling up

CBS News
CBS News – For more and to sign up click here Canned cocktails could be the drink of summer with consumer demand bubbling up – CBS News Watch CBSN Live Move over hard seltzer, a new beverage is poised to become the drink of summer. Demand for canned cocktails is......

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