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Retail shows strength in Chicago suburbs as DLC sells Mount Prospect shopping center for $95M
The Real Deal1d agobearish
Retail shows strength in Chicago suburbs as DLC sells Mount Prospect shopping center for $95M

DLC’s Adam Ifshin and Randhurst Village (DLC, Newmark)Investment momentum in the Chicago suburbs continued this week with a $95 million sale of a shopping center that last sold for $50 million in 2015. Elmsford, New York-based retail specialists DLC sold the Randhurst Village shopping center in Mount Prospect to Henderson, Nevada-based Rhino Investment Group after leading a turnaround effort of the property, which is anchored by Costco, Jewel-Osco and the Home Depot. DLC bought Randhurst Village

U.S.-China Summit, PMI and Other Can't Miss Items this Week
Barchart4d agobearish
U.S.-China Summit, PMI and Other Can't Miss Items this Week

Markets enter a diplomatically significant week as China's President Xi Jinping arrives in Washington September 23 for historic summit meetings September 24. The summit addresses critical trade, technology, and geopolitical issues including tariffs, AI competition, and Taiwan tensions.

Costco faces margin pressure as BofA cuts price target
Proactive8d agobearish
Costco faces margin pressure as BofA cuts price target

Costco Wholesale Corporation (NASDAQ:COST, XETRA:CTO) retained Bank of America Corp (NYSE:BAC)'s Buy rating despite a price target cut, as rising supply chain costs prompted a more cautious margin outlook. In September 16 trading, shares fell to $900.49, while the broker maintained its "buy"...

Costco (COST) Drawn Into Expanded DOJ Beef Pricing Antitrust Probe
Simply Wall St.21d agobearish
Costco (COST) Drawn Into Expanded DOJ Beef Pricing Antitrust Probe

Costco Wholesale (NasdaqGS:COST) has been asked by the US Department of Justice for detailed records as part of an expanded antitrust investigation into beef pricing. The broadened probe now covers major food retailers, with authorities seeking information on pricing practices and supply chain arrangements for beef products. The inquiry raises potential regulatory and operational questions for Costco as a key buyer and seller of beef in the US grocery market. Consider reviewing other...

Walmart Just Dropped 10% in a Month. Is It Time to Sell?
24/7 Wall St.28d agobearish
Walmart Just Dropped 10% in a Month. Is It Time to Sell?

Walmart just posted a quarter where management raised its full-year outlook and e-commerce surged, yet shareholders watched the stock crater while a smaller rival celebrated a 13% gain. Something specific is spooking the market, and whether it signals a buying opportunity or a warning depends on one number.

Recalled Costco product poses big threat
TheStreet69d agobearish
Recalled Costco product poses big threat

There's a reason Costco will pretty much let you return any item at any time without a hassle. Costco has built its reputation on offering high-quality products at competitive prices, backed by strict supplier standards and careful product selection. The company knows its products have been ...

Verizon to Lay Off 3,000 Workers as Part of Broader Restructuring
Barrons.com70d agobearish
Verizon to Lay Off 3,000 Workers as Part of Broader Restructuring

Verizon Communications is cutting around 3,000 more jobs, reducing the number of company-owned retail stores, and realigning its structure as the nation’s largest wireless carrier continues to cut costs under new CEO Daniel Schulman. Verizon will lay off 2,500 retail workers and 500 corporate employees, and will sell 274 of its corporate-owned stores to bring the overall number down to about 1,000, the company told Barron’s Thursday. Barron’s reported earlier this week that Verizon would announce layoffs on Thursday.

Costco (COST) Faces Protein Powder Heavy Metals Lawsuit And A Test Of Trust
Simply Wall St.73d agobearish
Costco (COST) Faces Protein Powder Heavy Metals Lawsuit And A Test Of Trust

Costco Wholesale is facing a proposed class-action lawsuit alleging that an exclusive protein powder sold in its warehouses contained undisclosed heavy metals. The complaint claims Costco failed to warn customers about potential contamination in a widely marketed product. The case raises questions about Costco's product quality controls and the strength of its consumer trust. For investors watching Costco Wholesale, ticker NasdaqGS:COST, the focus has often been on its membership model and...