US: latest retail news and insights | ESM Magazine

General Mills Cuts Annual Sales Forecast On Slowing Demand

General Mills cut its annual sales forecast, hurt by slowing demand for its higher-priced breakfast cereals, snack bars and pet food products.

Rugby League 'Most Lucrative' For Sports Sponsorship Revenue In APAC This Year, Study Finds

Rugby league emerged as the most lucrative market for non-alcoholic beverage brands engaged in sports sponsorship within the APAC region in 2023, a new stu...

Beyond Meat Misses Quarterly Expectations As Faux Meat Demand Slides

Beyond Meat missed market expectations for quarterly revenue and posted a wider-than-expected loss, hurt by relentless weakness in demand for plant-based m...

Starbucks To Raise Wage For US Store Workers By At Least 3% From 2024

Starbucks will raise the hourly pay for its US retail workers by at least 3% from 2024, it said, as it plans to expand its store count amid strong demand f...

Starbucks Gets Sales Bump From Strong US Demand

Starbucks beat Wall Street targets for fourth-quarter results as strong demand for its pricey coffees and cold drinks in North America offset a feeble reco...

Hedge Funds Short Food, Beverage And Tobacco Stocks Amid Soaring Bond Yields: Goldman Sachs

Global hedge funds last week sold food, beverage and tobacco company stocks at the fastest pace in 11 weeks, a Goldman Sachs note said, as these stocks, vi...

Hotel Chocolat Reports Decline In Sales In FY 2023

British luxury chocolate maker Hotel Chocolat has reported a 10% year-on-year decline in sales its financial year 2023 due to a decline in online and inter...