Consumer

Consumer

Lego Thrives Amid Higher Business Cost and a Slowing Toy Market

Image Credit: Lego.com

Danish company Lego reported generating $4.65 billion in revenue for the first half of 2024, up 13% from a year earlier.

1 min read

Photo by Ashlyn Ciara via Unsplash

Consumer

Economic Strains Starting to Hit Wealthier Americans, Survey Finds

Mizuho found that both low- and high-income Americans alike are trying to get as thrifty as possible, reducing spend.

1 min read
Photo via U.S. Patent and Trademark Office

Patent Drop

Apple Ring Patent Highlights Potential Plan to Expand Product Lineup

Though the company has competitors in the space from Samsung and Oura, its walled garden ecosystem could give it an advantage.

2 min read
Photo by Phillip Pessar via CC BY 2.0

Consumer

Is Peloton’s Turnaround Plan Finally Working?

Peloton reported sales growth of 0.2% in the latest quarter, its first quarter of year-over-year revenue growth since late 2021.

1 min read

Consumer

Target and TJ Maxx Win Big By Keeping Prices Low

Photo by Ajay Suresh via CC BY 2.0

Both Target and TJ Maxx posted stellar earnings results on the strength of the incredibly resilient US consumer.

1 min read

Consumer

McDonald’s Made It Official: Consumers Have Reached Their Limit

Photo by Erik Mclean via Unsplash

McDonald’s warned that customers might be getting sick of price hikes. It was right. Sales fell year-over-year for the first time since 2020.

1 min read

Consumer

Macy’s Says No to Private Equity Buyout. Now What?

Photo by Anthony Quintano via CC BY 2.0

The board of directors for Macy’s unanimously voted to end negotiations with Arkhouse and Brigade to take the company private.

1 min read

Photo by Paloma A. via Unsplash

Consumer

America’s Biggest Non-Alcoholic Beer Company Valued at $800 Million

Athletic Brewing Company, valued at $800 million following a $50 million fundraising round, makes craft beer that won’t get you drunk.

1 min read

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