LONDON, May 14- From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
California says it's losing $1.2 billion a year in online sales taxes, prompting a new law that will force large internet merchants with affiliates inside the cash-strapped state to collect those taxes.
The extreme heat wilting crop harvests across the U.S. is exerting a “big” toll on input prices, the chief executive of Sunny Delight told CNBC Wednesday, issuing a call for the government to suspend mandates that divert corn into biofuels.
A drought that has ravaged U.S. crops and sent key commodity prices surging has yet to take a toll on Annie’s pricing or its bottom line, the CEO told CNBC in an interview Wednesday.
While the average retailer in the U.K. ran discounts in the 30-50% range during June/July clearance period, the Abercrombie brand stubbornly stayed on the sidelines.
With the Jubilee followed by the Olympics it is good to be British this year. So does that must mean its good to be a retailer in the U.K. this year? Not exactly.
Consumer staples companies have been consistently beating earnings estimates so far this quarter. With several big names reporting in the week ahead, the question is: Will the trend continue?
After two years in the making, Target opened its first CityTarget stores Wednesday in Chicago, Los Angeles and Seattle. In October, two more CityTarget locations will open in Los Angeles and San Francisco.
American consumers pulled back in June but lower wage growth in China is helping margins, Jarden's executive chairman, Martin Franklin, told CNBC’s “Squawk on the Street” on Tuesday.
With commodity prices at levels not seen in years due in large part to the drought sweeping half the nation, casual dining restaurants — not their diners — will take it on the chin.
As competition heats up among flash-sale websites, Totsy has received $18.5 million in new financing, giving the site more firepower to battle main rival Zulily.
Over the last 30 days corn is up 18.9 percent, wheat is up 30.9 percent, and soybeans have seen a 6.8 percent rise. These big moves are sparking concerns that products that use them will see price increases, especially with respect to corn.
Unilever is being less affected by the slowing U.S. economic conditions than some of its rivals because of its abundant portfolio of brands, Kees Kruythoff, Unilever North America president, told CNBC on Friday.