Costco shoppers are reining back on pricier products, and it's a good indicator that they're prepping for a recession.
CFO Richard Galanti said that some of its customers are ditching pricier beef products for cheaper meats such as pork and chicken. This is a trend that has been common in previous recessions, he said. There are other indicators showing that Costco's customers are feeling the pinch. For example, the portion of sales from Costco's private label brand —
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Arby's worker 'beat hands bloody' trying to escape freezer: lawsuitArby's employee who died after she was accidentally locked inside walk-in freezer 'beat her hands bloody' trying to get out, lawsuit says
Source: BusinessInsider - 🏆 729. / 51 Read more »
Biden and McCarthy reach tentative debt ceiling deal to avoid defaultInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Musk: Twitter has no 'actual choice' but censorship at governmental requestElon Musk says Twitter has no 'actual choice' when complying with authoritarian government requests to restrict content
Source: BusinessInsider - 🏆 729. / 51 Read more »
De-dollarization: Even China isn't for a complete break from the USDInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »