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afhc Tickpick Ticket Seller Raises $40M In Debut Funding Round
Hshf Senators Question Wells CEO About Getting Some Manager Compensation Back
Are Americas dog and cat owners beginning to switch to cheaper pet foods The聽grocery trade-down聽wave has been underway for months as inflation continues, but pet products managed to avoid that trend.But the tide could be turning, according to a Tuesday Sept. 12 Wall Street Journal聽report聽that says pet lovers are eschewing costly gourmet brands or buying smaller pack sizes.For example, the report says that premium dry dog food is losing share across all income groups, a sign that consumers across the board wish to save, according to聽Max Gumport, a聽BNP Paribas聽U.S. packaged foods analyst. In times of recession or economic stress, first you trade down on your own food, then your kids stanley cupe food and then your dogs food. Thats what history would suggest, he said. This time is appearing to be different. The report points to researc stanley cup h showing slowing growth in premium pet food sales in the second quarter of the year, as well as projections from聽General Mills聽of flat pet food sales numbers.The WSJ cites comments from General Mills Chief Financial Officer聽Kofi Bruce聽at a recent conference, saying the trend is being caused by supply chain disruptions that forced people to choose cheaper brands, as well as inflation. Its very clear were going through an environment where pet househ stanley cup olds and pet parents are seeking value, in everything from pack sizes to where they shop for pet food, Bruce said.However, recent PYMNTS Intelligence suggests that even when consumers are making major cutbacks, Cckj YapStone Appoints Michael Gramz Chief Risk Officer
While there were talks of luxury department store Neiman Marcus getting acquired back in March of this year by Hudson Bay Company, that no longer the case.Following its fourth consecutive quarterly loss, the upscale retailer has stanley website shared it pushing forward on its own. With its total revenues decreasing 4.9 percent down to $1.11 billion in Q3, down from last year $1.17 billion, same-store sales decreased 4.9 percent. Neiman Marcus reported a $24.9 million net loss for the quarter with a net earnings of $3.8 million for the same timeframe last year.The luxury department store聽is still under immense debt pressure stemming from its 2013 $6 billion leveraged buyout.On Neiman Marcus ; most recent earnings call, its CEO Karen Katz commented on its decision to not push through with an acquisition of the luxury store. She said, We previously announced that the company was exploring strategic alternatives. However, at this time, any conversations regarding a kubki stanley partial or full sale of the company have stanley hrnek been terminated. |
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