High Street Sales – Discount Shopping Channel http://discountshoppingchannel.com/ Sat, 30 Jul 2022 00:01:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://discountshoppingchannel.com/wp-content/uploads/2021/05/discount-shopping-channel-icon-150x150.png High Street Sales – Discount Shopping Channel http://discountshoppingchannel.com/ 32 32 Chevron and Exxon post record profits on soaring oil prices https://discountshoppingchannel.com/chevron-and-exxon-post-record-profits-on-soaring-oil-prices/ Sat, 30 Jul 2022 00:01:00 +0000 https://discountshoppingchannel.com/chevron-and-exxon-post-record-profits-on-soaring-oil-prices/

Comment

The country’s biggest oil companies – ExxonMobil and Chevron – saw their profits triple in the second quarter as Russia’s war in Ukraine rocked global energy markets and left consumers scrambling to hedge record prices at the pump.

On Friday, Exxon reported net income of $17.9 billion for the three months ended June 31, up from $4.7 billion a year ago. Revenue was $111 billion, a 68% premium over the same period. Chevron, meanwhile, earned $11.6 billion, up from $3.1 billion in 2021. Sales reached $64 billion, up 80% from a year ago.

The blockbuster results come a day after European company Shell also posted record profits: the three, plus France’s TotalEnergies, collectively earned nearly $51 billion in the last quarter, nearly double what they reported in the same three months in 2021, according to Reuters.

The staggering results are mostly tied to the West’s efforts to punish Russia for the unprovoked attack on its neighbor by cutting off its energy sales. Crude prices that had shrunk in the early months of the coronavirus pandemic have suddenly inflated and are now 37% higher than a year ago. That’s still below what markets were ordering in June, when West Texas Intermediate crude, the U.S. oil benchmark, jumped more than $120 a barrel. On Friday, WTI remained close to $100 a barrel.

Consumers continued to spend in June despite being wary of the future

Energy companies have thrived as the rest of Wall Street has been hammered this year. Vanguard’s Energy Index Fund, an exchange-traded fund that includes major oil companies, is up 37% year-to-date, even as the broad-based S&P 500 index is down 14%. Shares of Exxon and Chevron soared 51% and 36%, respectively.

Consumers and businesses have felt the effects of soaring fuel prices against a backdrop of high inflation for decades.

The US average for a gallon of gasoline prices topped $5 for the first time in June. On Friday, it was $4.26, according to AAA. Consumer gasoline bills jumped nearly 49% that month, the Bureau of Economic Analysis reported Friday, after rising 20% ​​in May. Diesel fuel, which underpins much of the US shipping system, also rose, putting pressure on major retailers in a fragile economy.

President Biden, facing right-wing criticism for his handling of inflation and the economy, called out Exxon for making ‘more money than God’ in a June speech, while imploring him and Chevron to redouble efforts to get more oil to market.

Pump Shock: Why Gas Prices Are So High

In late June, Chevron chief executive Mike Wirth responded with a stern letter chastising the administration for attempts to “criticize, and sometimes defame, our industry.”

He added that Chevron “is also concerned about rising prices Americans are experiencing,” while pointing to recent capital expenditures by its companies.

Oil companies are pumping more to meet demand, with Exxon increasing its oil and gas production in the Permian Basin by 130,000 barrels of oil equivalent per day from the first half of 2021. But the crude oil market is still suffering from a drastic supply imbalance. and demand, and industry insiders say it will take years to bring a new offering online.

Gasoline prices have fallen 10% since their peak in June

“If you look at what it takes to bring in new investment to increase supply in the oil industry, it’s quite a long-cycle investment… three to five years is a reasonable time frame to think about bringing in. significant additional production in the mix,” Exxon Chief Executive Darren Woods told CNBC on Friday.

Along with increasing production, the oil giants are also sending billions of dollars to Wall Street through stock buybacks and dividends. Exxon announced it had distributed $7.6 billion to shareholders, including dividends, while Shell announced $6 billion in share buybacks intended to boost its share price.

Exxon stock jumped 4.7% on Friday, closing at $96.97, while Chevron jumped 8.9% to settle at $163.78. Shell climbed 3.7% to $53.38.

The gains came as the rest of Wall Street ended July with a third straight winning session. The Dow Jones Industrial Average added 315.50 points, or 1%, to land at 32,845.13. The S&P 500 jumped 1.4% to close at 4,130.29, and the Nasdaq climbed 1.9% to end at 12,390.69.

For the week, the Dow Jones rose 3%, the S&P 500 4.3% and the Nasdaq 4.7%.

For July, the Dow gained 6.7%, the S&P 500 rose 9.1% and the Nasdaq climbed 12.4%. These are the largest monthly gains for all three indices since November 2020, according to MarketWatch.

]]> Hologic’s third-quarter earnings beat expectations despite chip shortage https://discountshoppingchannel.com/hologics-third-quarter-earnings-beat-expectations-despite-chip-shortage/ Wed, 27 Jul 2022 22:00:53 +0000 https://discountshoppingchannel.com/hologics-third-quarter-earnings-beat-expectations-despite-chip-shortage/
Steve MacMillan, CEO of Hologic [Photo courtesy of Hologic]

Hologic (Nasdaq:HOLX) today released third-quarter results that beat consensus forecasts on Wall Street and lifted its outlook for the rest of the year.

Marlborough, Mass.-based Hologic reported earnings of $228.4 million, or $0.90 per share, on sales of $1 billion for the three months ended June 25, 2022. Compared to the third quarter of 2021, profits decreased by 14.8% while sales decreased by 14.2%.

Hologic said the decline in revenue was primarily due to lower international sales of COVID-19 tests and ongoing semiconductor shortages affecting the company’s breast health business.

Adjusted to exclude one-time items, earnings per share were $0.95, $0.24 above analysts’ expectations on Wall Street, who were looking for EPS of $0.71 on sales of $907.22 million.

“With the strength of our core business, a natural hedge against COVID outbreaks, as well as a strengthened balance sheet and robust cash flow, we have great confidence in our business,” said Chairman, President and Chief Executive Officer. of Hologic executive Steve MacMillan in a press release.

Hologic said it expects to report adjusted EPS of $5.79 to $5.84 this year, up from a previous forecast of $5.45 to $5.65. The company also raised its revenue outlook to a range of $4.75-4.78 billion from $4.6-4.7 billion previously.

Profile of Hologic's Chief Financial Officer, Karleen Oberton
Karleen Oberton, CFO of Hologic [Photo courtesy of Hologic]

“Our fiscal 2022 third quarter was financially very strong, with performance exceeding expectations in both revenue and EPS,” Hologic Chief Financial Officer Karleen Oberton said in the statement. “In our fourth fiscal quarter, we expect continued strength in our diagnostic and core surgical businesses to offset supply chain headwinds in our breast health business.”

The news sent HOLX shares up less than 1% from the day’s close of $70.94 to $71.20 in after-hours trading.

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Lower Logitech Q1 Earnings, Lower Full-Year Outlook; Extends share buyback authorization https://discountshoppingchannel.com/lower-logitech-q1-earnings-lower-full-year-outlook-extends-share-buyback-authorization/ Tue, 26 Jul 2022 02:07:02 +0000 https://discountshoppingchannel.com/lower-logitech-q1-earnings-lower-full-year-outlook-extends-share-buyback-authorization/

(RTTNews) – Logitech International (LOGI) reported that its net income for the first quarter of fiscal 2023 fell to $100.84 million or $0.61 per share from $186.84 million or 1, $09 per share the previous year.

“While macroeconomic challenges impacted our performance this quarter, I am encouraged by continued growth in video collaboration, keyboards and combos, and pointing devices as hybrid and return-to-work trends continue to emerge” , said Bracken Darrell, president and CEO of Logitech. executive officer.

Non-GAAP earnings per share for the quarter fell to $0.74 from $1.22 in the same quarter a year ago.

First-quarter sales were $1.16 billion, down 12% in US dollars and 9% in constant currency, from a year earlier. The performance reflects a challenging macro environment for the industry and compares to a quarter that grew 66% last year in US dollars.

Logitech cut its fiscal 2023 outlook to sales growth of between minus 8% and minus 4% in constant currency, and between $650 million and $750 million in non-GAAP operating profit. The company’s previous outlook was between 2% and 4% constant currency sales growth and non-GAAP operating profit of $875 million to $925 million.

Logitech noted that its board had approved an increase in stock buyback authorization up to $1.5 billion. It extends the company’s current three-year, $1 billion stock buyback authorization. Subject to approval by the Swiss Takeover Board, the increase will provide total authorization of approximately $800 million remaining for buybacks over the next 12 months of the program ending in July 2023.

For more earnings news, earnings calendar and stock earnings, visit rttnews.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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State lotteries transfer wealth to needy communities https://discountshoppingchannel.com/state-lotteries-transfer-wealth-to-needy-communities/ Thu, 21 Jul 2022 21:53:00 +0000 https://discountshoppingchannel.com/state-lotteries-transfer-wealth-to-needy-communities/

In South Carolina, gamers with household incomes below $35,000 a year spent more than double than gamers with household incomes between $100,000 and $150,000, according to a commissioned research study by the state in 2014 and obtained by the Howard Center. Black and Hispanic players each spent almost 20% more than white players.

Cloyd White, 26, is a construction worker from Jasper County, South Carolina. Surrounded by lottery advertisements at one of the state’s Shell gas stations, he said he knows people who would turn to the lottery to try to avoid cash shortages.

“When people come down they probably take the last $10 or $20 to try to win $100 to $400,” said White, who is black and estimated he spends $40 every day playing the lottery. “It’s a gamble and it’s risky, but I feel like it’s all about God.”

The Howard Center found that states are more likely to collect and publish customer information that obscures the importance of frequent gamblers. These states collect statistics that show the percentage of a given demographic that “enters” the lottery each year.

“For state lotteries, having access to this data is like taking a giant money-sucking cannon and aiming it at these demographics,” said Les Bernal, national director of Stop Predatory Gambling, a group of Washington, D.C.-based nonprofit advocacy “That dictates where they put lottery retailers. There’s a reason so many lottery outlets are concentrated in low-income areas.

Store concentration

One factor that experts say helps explain the economic and racial disparities driving lottery play is the overconcentration of lottery retailers in low-income, non-white communities.

The convenience store where Standifer bought his scratch tickets is in a neighborhood that has a poverty rate nearly three times the state average and a black population 25 percentage points above the state average.

In Michigan, neighborhoods with a lottery retailer have a median poverty rate that’s nearly double the rate of neighborhoods without lottery retailers and a median household income $16,000 lower, according to Howard Center analysis.

The analysis revealed that:

  • In neighborhoods with lottery retailers, the percentage of the population living in poverty is higher than in neighborhoods without lottery retailers in the 44 states analyzed and in Washington, D.C.
  • Median household income in neighborhoods with lottery retailers is lower than in neighborhoods without lottery retailers in 41 states and Washington, D.C. The only exceptions were Arkansas, Kentucky, and Vermont.
  • The black population was higher in neighborhoods with lottery retailers than in neighborhoods without lottery retailers in 35 states and Washington, D.C.
  • The Hispanic population was higher in neighborhoods with lottery retailers than in neighborhoods without them in 37 states and Washington, D.C.

“There is no debate that lotteries prey on the poor,” Bernal said. “You have half the country that has no assets. They don’t have an emergency fund. They have no investment. They don’t own property. Literally on every corner they sell $30 scratch tickets.

The North American State and Provincial Lottery Association, a lottery industry group, argues that looking at where stores are concentrated is misleading because people “don’t always buy their lottery in the neighborhoods where they live. They buy them on their way to or from work, while shopping or doing other errands, or even at the airport.

It is indisputable that people do not always “buy” their tickets where they live. But the first-of-its-kind analysis of Howard Center cellphone location data shows retail lottery customers are mostly local. The analysis used mobile location data from SafeGraph, a location-intelligence company that collects information about foot traffic at more than 6 million stores in the United States.

The analysis, which looked at in-store traffic patterns at nearly three-quarters of all U.S. lottery retailers, found similar patterns across the country.

The New Mexico Lottery traces those same national trends, targeting disparities by locating retailers in lower-income neighborhoods with a higher Hispanic population.

Who benefits from the system

Players like Standifer fund the system losing a total of $29 billion a year.

But there are consistent winners: the multinational corporations that run the lotteries on behalf of states, the stores that sell tickets – including the big convenience store chains, such as 7-Eleven and Circle K, the advertising and media companies , and state administrators who oversee the process.

Of these 29 billion dollars, these entities will keep more than a quarter: 8 billion dollars.

Private companies raked in about $1.9 billion from running U.S. lotteries in fiscal 2020, the analysis found.

The industry is dominated by two private companies, the British company International Game Technology PLC and the Canadian company Scientific Games Holdings LP.

Between the two companies, IGT and Scientific Games International are involved in running lotteries in all but two states, Vermont and Wyoming. Operating under regularly renewed long-term contracts, these companies print scratch tickets, manage computer systems that power the lottery, and, in some states, handle marketing and advertising.

State-level lobbying by Scientific Games in the 1980s was essential to the expansion of the lottery from one state, New Hampshire in 1964, to nearly every state today.

“While Scientific Games was not responsible for creating new lotteries after 1984,” writes historian Jonathan D. Cohen, “its campaigns paved the way for the massive spread of legalized gambling in the Midwest, West and the Upper South in the late 1980s and early 1990s.”

The New Mexico Lottery also relies on outside vendors, and Scientific Games is the state’s primary provider of specialty gaming services. In this role, he earns 1.599% of total ticket sales in New Mexico. In 2021, a year of record sales, these fees amounted to $1.9 million, according to the 10-year contracts signed in 2018.

In the coming years, society’s control over lotteries is expected to expand significantly as more state officials step back. Illinois, Indiana and New Jersey have already essentially privatized their lotteries.

The increased privatization comes as Scientific Games has just sold its lottery business to Toronto-based private equity firm Brookfield Business Partners LP for nearly $6 billion. Future profits will benefit Brookfield CEO Bruce Flatt, who is worth $4.5 billion and is the 622nd richest person in the world, according to Forbes in May 2022.

The sale also means that the largest companies running state lotteries are all controlled by non-US companies.

Retailers also gain

Convenience stores — including convenience stores located at gas stations — account for nearly two-thirds of all lottery sales. Although the profit margin is much lower than that of cigarettes, alcohol and food, lottery tickets are an important tool to attract customers to the store.

According to the National Association of Convenience Stores, people who buy tickets at convenience stores spend on average almost twice as much as other convenience store customers.

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You shopped the summer sale wrong – the exact time to go to the stores and how to find the best deal https://discountshoppingchannel.com/you-shopped-the-summer-sale-wrong-the-exact-time-to-go-to-the-stores-and-how-to-find-the-best-deal/ Tue, 19 Jul 2022 09:24:35 +0000 https://discountshoppingchannel.com/you-shopped-the-summer-sale-wrong-the-exact-time-to-go-to-the-stores-and-how-to-find-the-best-deal/

SAILING the summer rails can be a mission, and if you don’t get a good deal, you might feel like you’ve missed something.

We reveal how you can grab the best summer sale deals – and all it takes is a little planning and keeping your eyes peeled.

1

Julian House shared his top tips for the summer sales

The cost of living crisis means prices on the high street are rising.

And for buyers, that means it’s more important than ever to make sure they’re getting the most for their money.

It’s important to remember that you only get an offer if you were already looking to buy the item.

The Sun spoke with retail expert Julian House, managing director of My Favorite Voucher Codes, about how you can get the most out of sales.

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Check your calendar

Buying out of season in the sales is advice that Julian swears to buy.

He says shopping for your summer essentials over the winter or vice versa is a great way to save money.

He said: “Naturally, summer clothes and homewares are more in demand during the summer.

“Buying a barbecue on sale during the summer, when prices are highest, may not be as advantageous as buying it during the winter.

“Try to keep an eye on patterns of price changes and sales.”

And this trick is known to work.

Personal stylist Sharon Young was able to buy a summer skirt from Zara reduced from £49.99 to £9.99 during Boxing Day sales.

But it’s always important to check, as these trends may vary from store to store.

Websites like CamelCamelCamel and Pricey Spy to watch price changes throughout the year.

The Sun recently revealed the best time to buy a fan when prices are cheapest, and the exact time to get your garden essentials, such as patio sets and barbecues.

Set a budget

The feeling of getting a bargain is great – but is it really a bargain if you don’t need it or want it in the first place?

Julian warns shoppers not to be tricked into thinking it must be a bargain just because it’s on sale.

He says people should be especially wary of offers that force them to buy multiple copies of the same item at a discount.

If you don’t really need multiple copies of the article, don’t get multiple copies.

Julian added: “If you had a budget of £20 to buy one item, but found a deal by presenting two for £25, it’s incredibly easy for ‘fear of running out’ to kick in and convince you that the value of paying £12.50 on each is just too good to miss.

“But you just went over your budget by £5 and thought you got a bargain.

“That’s exactly what the stores want you to think too.”

Also, don’t forget to check refund policies – it’s important to check when they’ve run out in case you want to return anything.

Do your homework

Julian points out that the most common mistake buyers make when it comes to selling is that they are unprepared.

It may seem like a lot of work, but Julian says it’s worth it.

He added: “If you’ve identified a particular item, take the time to do your research and browse the various online stores to see what prices are available on the market right now.”

Julian likes to Google the product he wants, adding a keyword like “discount” or “offer” to see what other offers are available.

He also advises people to check prices beforehand so they know exactly how good the deal is.

Some online retailers also allow you to create wishlists or favourites, so you can check if they are participating in summer sales.

It is the right time

On the day a sale is due to begin, eager shoppers descend early to be the first through the door of their favorite store.

But timing your trip to coincide with when staff restock shelves can be just as good.

He added: “It’s no secret that popular items on sale will fly off the shelves.

“If you are unable to arrive in time, you can also try to visit the store during or after the shelves are restocked by the staff.

“Generally, stores will start restocking around two hours before closing time, although this may vary from store to store.

“This varies by store, but usually happens about two hours before closing time.”

You can find out what time your favorite store usually restocks by asking the staff the next time you visit.

Sales may vary from store to store, you may not be able to use Julian’s advice at every summer sale you visit.

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The Sun also revealed how you could save money when shopping in Iceland.

Shoppers also shared their tips for shopping at Primark, Tesco and Sainsbury’s.

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How much stock will rise as stores battle it out in the cost of living crisis? https://discountshoppingchannel.com/how-much-stock-will-rise-as-stores-battle-it-out-in-the-cost-of-living-crisis/ Sat, 16 Jul 2022 20:51:03 +0000 https://discountshoppingchannel.com/how-much-stock-will-rise-as-stores-battle-it-out-in-the-cost-of-living-crisis/

Street retailers are often on investors’ shopping lists. Several are among the largest listed companies in the UK and have a history of paying out sums to investors even in difficult times.

Companies like M&S, Tesco and Sainsbury’s have shown resilience for more than a century, weathering everything from World War II rationing to the challenges of the pandemic.

But as the cost of living soars, high street giants face a new challenge. Their costs increase as the price of raw materials, labor and fuel explodes. At the same time, their customers control their expenses to make ends meet.

Tough market: Cost of living pressure forces buyers – and retailers – to be creative

In this difficult climate, there will be winners and losers. Investors who identify the retailers best positioned to ride out the cost of living crisis could be rewarded, although they may take a while to emerge.

But put the wrong ones in your cart and it could cost you.

Why supermarkets are a mixed bag

Supermarkets are finding it harder to get shoppers to part with their cash than they have in years. Half of all households are buying less food due to the cost of living crisis, according to the Office for National Statistics (ONS).

Even so, supermarkets can prove more resilient than other types of retailers. Shoppers can cut back on discretionary spending in tough times, but they will still have to buy food, regardless of price.

Jason Hollands, managing director of wealth manager BestInvest, says food retailers could even spy on growth opportunities in this climate.

“As people are more careful about what they put in their shopping carts, food is a staple and so demand is relatively constant,” he says.

“As an increasing number of shoppers switch from branded items to own brand products, this actually benefits the larger chains, as they generally realize a higher profit margin on their own brand products.”

James de Uphaugh, who heads Liontrust Asset Management’s Edinburgh Investment Trust, adds that the winners in this environment will be those who limit price increases and provide attractive options for customers who want to switch to cheaper brands.

“Supermarkets have been among the heroes of the pandemic – they have powered the nation through incredibly difficult times, with ever-changing social restrictions and disrupted international supply chains,” he says. “Today you can see them taking up the torch.”

Investors looking to buy into UK supermarkets will find the cupboards relatively empty. Morrisons was taken over last year by US private equity group Clayton, Dubilier & Rice, while Asda, Lidl and Aldi are private companies.

However, shares of Tesco, Sainsbury’s and Marks & Spencer are all listed on the London Stock Exchange and are therefore easy to buy and sell for UK investors.

Of these, Tesco is “comfortably” the favorite of Richard Hunter, head of markets at investment platform Interactive Investor.

“Even in the midst of rising inflation, Tesco is increasing its market share in what is a notoriously competitive industry,” he says.

Tesco is attracting shoppers with programs such as Aldi Price Match, which ensures it won’t charge more for key items than its main budget rival Aldi.

Tesco is also hanging on to its customers by offering lower prices on a range of everyday items to members of its loyalty scheme, Clubcard.

Additionally, Tesco recently pretended to be on the side of struggling buyers by refusing to stock baked beans and Heinz soups when the manufacturer tried to raise prices. This too can help build customer loyalty.

Hollands also likes Tesco because it currently offers investors a reasonable dividend income of 4.3% on their shares, or £4.30 a year for every £100 invested.

“The chain also owns food wholesaler Booker, which supplies businesses across the UK,” says Hollands. “It creates operational efficiencies, which helps reduce costs.”

Rival Sainsbury’s is struggling more with current pressures. The shares are down 23% this year. Hunter warns: “The jury is out on Sainsbury’s immediate prospects right now.”

However, there are a few positives for the retailer. It is spending £500m to absorb wholesale price rises, rather than just passing them on.

It’s a good sign that Sainsbury’s understands the pain its customers are feeling and how important price stability is to them.

And the dividend yield is currently at an “extremely generous” 6%, says Hunter, as Sainsbury’s tries to convince shareholders to stick with it and wait for better times.

There is also always a chance that a hungry private equity firm could take over Sainsbury’s in the same way Morrisons did, which would be good news for investors entering at this price.

Marks & Spencer shares are also down, down 44% so far this year. However, Mark Wright, fund manager at Momentum MultiAsset Value Trust, believes the food and clothing retailer has a chance to perform well in the current environment.

“Struggled consumers may wish to save money by eating less in restaurants, but still want to treat themselves to delicious food,” he says.

M&S clothing is also seen as some of the best in the UK, according to a recent YouGov poll. This could stand him in good stead as buyers strive to make their money grow. M&S shares are yielding just over 5%.

Winners and losers on the main street

According to the ONS, six in ten households are spending less on non-essential items as budgets get tight. However, we are cutting spending in some categories more than others.

Spending on clothing in particular is falling as shoppers choose not to upgrade their wardrobes. As a result, it may be difficult for investors to find good apparel retailer options for some time. However, households still engage in hobbies, pets and inside the home.

As a result, Pets at Home could be a “recession winner” in retail, says Jonathan Pritchard, an analyst at investment bank Peel Hunt. “People treat pets as part of the family and will always make sure they are fed and cared for,” he says. “The dog is one of the last things to do in a downturn.”

He believes that while growth may stagnate for the pet retailer, it is unlikely to reverse, adding: “The shares are down 38% this year and as a result look cheap.”

Home goods retailer Dunelm could show resilience, says Pritchard, as households look for affordable ways to brighten up their homes.

“Dunelm delivers value to customers and has invested heavily in all of its sales channels, so it’s equally comfortable selling in edge retail stores as it is online,” he says.

The shares are down 44% this year. So if you believe in the long-term potential of Dunelm, they might seem like good value for money.

Investing in electronics retailers right now is probably only for the brave. It is true that even in difficult times, people still need to replace old laptops and like to buy new phones.

However, they will likely do so at a slower pace – and stick with their old pattern for a little longer.

Tech retailer Currys warned last week that the current retail environment was “not very favourable” – despite posting strong results for the full year.

The retailer launched a new Pay Delay program to allow customers to defer payment for their purchases for a year without paying interest.

If it works, it could help Currys attract customers and rejuvenate sales. If not, it can just pile up debt problems and reduce sales later on. The shares are down 42% this year.

Spread the risk by investing in a fund

Determining which retailers offer the best opportunities for investors is a difficult challenge in this climate.

Many investors may prefer to invest in a fund that holds more than one. This way they are not dependent on the fate of just one or two retailers – and they have the help of an expert fund manager to make the calls.

A fund called Time: Commercial Long Income is one option suggested by Ryan Lightfoot Aminoff, senior research analyst at fund data group FundCalibre. His fortune is linked to the success of certain supermarkets in which ordinary investors cannot buy shares.

For example, it has a shopping park in Thorne, near Doncaster, which houses Aldi, among other stores. He also owns the building used by Asda in Gillingham, Kent.

Kyle Caldwell, fund expert at online investment platform Interactive Investor, highlights Supermarket Income Real Estate Investment Trust, which only invests in supermarket real estate.

“It has a dividend yield of nearly 5% and a good track record to date,” he says.

However, the investment trust is in demand and the shares are trading at a premium of almost 9%. This means that the shares cost nearly 9% more than the value of the trust’s underlying holdings.

Artemis Income is one of a number of funds that hold shares in several UK retailers. Tesco represents 3.2% of the fund.

The fund turned a £1,000 investment into £1,079 over three years.

Edinburgh Investment Trust counts Tesco and Dunelm among its top holdings and has turned a £1,000 investment into £1,140 over three years.

Some links in this article may be affiliate links. If you click on it, we may earn a small commission. This helps us fund This Is Money and keep it free to use. We do not write articles to promote products. We do not allow any business relationship to affect our editorial independence.

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Live Updates: Fink Blames ‘Unprecedented in Decades’ Investing Environment for BlackRock’s Earnings Failure https://discountshoppingchannel.com/live-updates-fink-blames-unprecedented-in-decades-investing-environment-for-blackrocks-earnings-failure/ Fri, 15 Jul 2022 10:43:28 +0000 https://discountshoppingchannel.com/live-updates-fink-blames-unprecedented-in-decades-investing-environment-for-blackrocks-earnings-failure/

Aston Martin will raise £653m in new investment by bringing in Saudi Arabia as a major shareholder and launching a rights issue, after turning down an investment offer that would have handed control of the luxury carmaker to Chinese Geely and former Aston owner Investindustrial.

Saudi Arabia’s Public Investment Fund will take a 16.7% stake via a £78m equity placement, giving it two seats on the board.

Aston will also launch a £575million rights issue, with PIF, major shareholder Mercedes-Benz and owner Lawrence Stroll’s Yew Tree Consortium all agreeing to take over their rights.

In total, Yew Tree, Mercedes and PIF will invest £335m through the rights issue or the new shares, Aston said. This leaves other investors paying up to £318million through the rights issue, which has been fully subscribed.

Around half of the money will be used to pay down debt, which stood at £957million at the end of March.

The company has also rejected a rival £1.3bn investment proposal from former Chinese owners of Geely and Aston, Italian investment group Investindustrial, it said on Friday.

The pair are said to have injected £203m for new equity, making them the largest shareholder, although they are below the 30% threshold at which they would be forced to launch a formal takeover.

Their proposal, received by Aston last week, also included a £1.1bn rights issue.

Aston rejected the proposal, which it said did not present an attractive financing option, and said there was no need for further talks.

Aston also said on Friday that first-half car sales were below expectations. It sold 2,676 vehicles in the six months, although it still aims to produce 6,600 this year in total.

The company has also pushed back the date it will start producing silver from 2023 to 2024.

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Chinese firms turn to US and Asia as growth slows at home https://discountshoppingchannel.com/chinese-firms-turn-to-us-and-asia-as-growth-slows-at-home/ Wed, 13 Jul 2022 02:00:00 +0000 https://discountshoppingchannel.com/chinese-firms-turn-to-us-and-asia-as-growth-slows-at-home/

Miniso opened its first flagship store in New York’s SoHo in February 2022.

miniso

BEIJING — Some Chinese consumer brands are looking for growth overseas, in markets like the United States and Southeast Asia.

Take Miniso, a Guangdong-based toy and household goods seller. Sometimes called the Chinese Muji, Miniso opened a flagship store in New York’s SoHo in February.

The store’s gross merchandise value – a measure of sales over time – is about $500,000 a month, with $1 million a month likely by December, founder and CEO Jack Ye told CNBC at the end of June.

More importantly, he said that for directly operated stores in the United States, Miniso’s gross profit margin is well over 50%.

“If we can get a foothold here and build a good business, we won’t have any problems in the United States overall,” Ye said in Mandarin, according to a CNBC translation. Its goal is to become the first “$10 and under” retailer in the world.

Miniso stores began popping up in mainland China almost 10 years ago, with overseas expansion beginning in 2015 in Singapore. In March, the company said 37% of its 5,113 stores were overseas.

Faster growth outside of China

Like many businesses, Miniso has seen sales plummet during the pandemic. More than two-thirds of its revenue still comes from China. But in recent months, data has shown a relatively rapid recovery internationally compared to domestically, due to the varying effects of the pandemic.

In the nine months ended March 31, the company said, its revenue in China rose 11% year-on-year to 5.91 billion yuan, compared with overseas growth of 48% to 1. 86 billion yuan.

Retail sales in China have lagged since the start of the pandemic in 2020. A slump in the housing market hasn’t helped. People’s propensity to save rather than spend or invest has reached its highest level in 20 years, according to surveys by the People’s Bank of China.

“Chinese companies expanding into overseas markets will be a major trend in the future,” said Charlie Chen, head of consumer research at China Renaissance. “China has actually entered a relatively wealthy phase with a relatively high GDP per capita.”

He pointed out that for products like air conditioners, penetration among rural households was 73.8% in 2020 – and even higher at 149.6% in urban areas. China Renaissance expects these penetration rates to increase steadily over the next few years.

“There is very little additional volume or additional demand that can be created in China in a short period of time,” Chen said. “For these air conditioner and appliance makers, where they can get more revenue is overseas.”

In Southeast Asia, air conditioners have a household penetration rate of 15%, according to the International Energy Agency.

Appliance companies Midea, Hisense and Haier Smart Home have entered markets outside of China in recent years. Haier even acquired General Electric’s appliance unit for $5.4 billion in 2016. Hisense’s goal is that by 2025, overseas markets will generate half of its total revenue.

These companies are experiencing strong growth abroad, if not faster than in China.

“Certainly if [Chinese companies] want to penetrate foreign markets, [they] need to build their brand, need to fight with existing competitors,” Chen said. “The cost will not be low. Initially, they would not be profitable. But they are investing.”

If Chinese companies are able to build their brand overseas, they can compete with lower selling prices since they own or work directly with factories in China. This has helped companies like Shein become an international e-commerce giant.

Similarly, Miniso’s Ye said its strategy in the United States is to combine the company’s supply chain network in China with the work of New York designers – so that products can move from designs to shelves. stores in about three months.

This process could take six months, or even a year if the design firm needed to find its own factories, Ye said.

“Overseas, what we’re currently missing are local-friendly design ideas,” he said. He said Miniso plans to open its product development center in North America later this year and is looking for office space in New York.

June Extensions

Other Chinese companies have continued to expand overseas despite Covid travel restrictions.

Ant Group, the fintech subsidiary of Alibaba, announced in June that it had launched a digital wholesale bank in Singapore after receiving approval from the Monetary Authority of Singapore.

Also in June, Hong Kong-listed toy company Pop Mart tested US waters by opening its first temporary location near Los Angeles. The company sells collectible figure sets – in unmarked boxes. This means that a customer can get a new toy to add to a collection, or the same toy the customer has already purchased.

Like Miniso, Pop Mart stores have become commonplace in Chinese malls. There is even a Pop Mart store at Universal Beijing Resort.

Location challenges

It remains to be seen if the recent overseas growth will last for these Chinese companies.

For commercial or geopolitical reasons, many Chinese companies have not been successful overseas. Take ZTE’s failure to grow its smartphone business in America after US sanctions.

Wildly successful companies like short film company TikTok, owned by Beijing-based ByteDance, have come under pressure from the US government over data security concerns.

Learn more about China from CNBC Pro

Not to mention the inherent challenge of becoming an effective international organization. A CNBC report on Chinese tech companies found that the corporate culture at home — which involves heavy use of Mandarin and long hours — often made its way overseas and discouraged local employees from staying.

But whether in electric cars or home appliances, conversations with many Chinese companies reveal a deep but vague ambition that hasn’t been swayed by the pandemic: to become a global company.

Disclosure: NBCUniversal is the parent company of Universal Studios and CNBC.

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BookTok: Building Advocates Within the Publisher Community https://discountshoppingchannel.com/booktok-building-advocates-within-the-publisher-community/ Mon, 11 Jul 2022 09:47:22 +0000 https://discountshoppingchannel.com/booktok-building-advocates-within-the-publisher-community/

The pandemic has secured TikTok’s place as a forward-thinking global giant. Today, it reaches people of all ages and drives sales of everything from fashion to technology, wellness, subscription services and more. Books are no exception: #BookTok, the hashtag created by bookfluencers to organize reading-related content, already has over 60 billion views.

BookTok has generated countless sales, with bookstores including the hashtag in store windows and e-commerce sites creating dedicated #BookTok collections. Madeline Miller’s Novel The Song of Achilles was first published in 2011, but recently shot to the top of the New York Times bestseller charts, thanks in part to the hype generated by BookTok.

The Guardian suggests BookTok was partly responsible for the 5% growth in book sales in 2021, and Statista predicts the global publishing market will reach over $124 billion by 2027. online left some BookTokkers feeling like they weren’t credited. for their contribution to the flourishing book industry.

Retailers who quickly identified the opportunity offered by BookTok are already embracing the community – US bookseller Barnes & Noble recently announced a partnership with TikTok, aligning with the #BookTokChallenge. This is an important first step, as it lends weight to the discussion by highlighting how publishers can better engage with creators to drive sales. However, that’s just the tip of the iceberg when it comes to opportunities to promote new releases, reach new audiences, and harness the power of the online reading community.

Know the basics well

The Barnes & Noble-TikTok partnership is a step in the right direction. The campaign will connect customers to a dedicated #BookTok hub designed to drive book discovery in-store and online using QR codes.

Publishers can take inspiration from this and find a formula that works for them to interact directly with creators and their audience. Bookfluencers are already creating buzz around new titles and they come with pre-built audiences. Therefore, working with them on promotional cycles is a natural fit. Authenticity is what makes creator-focused marketing special, and it’s essential that the publisher-bookinfluencer relationship is grounded in genuine interest in the title or genre. Otherwise, collaboration is unlikely to be effective.

Creators understand this dynamic, with most choosing only to work with brands that match their interests or, in this context, to support the authors they admire and the stories they enjoy. According to a recent Vamp survey of over 900 creators worldwide, 65% say “love of the brand or product” is the top consideration when choosing to partner with a brand.

Identity is another essential dimension of the creator’s authenticity. 69% of creators who took the survey said they use their platform to champion causes they believe in, such as social mobility and gender equality. Influencer marketing is a great way to reach underrepresented communities, including highlighting new writers from minorities or underrepresented groups. Making the voices of these communities heard through creator audiences ensures visibility and adds relevance to the campaign.

Finding the right partners can be difficult for publishers new to creator marketing. There are trusted platforms that offer a wide selection of approved creators. The introduction of designer sampling tools like Vamp’s Cast.ai feature makes it much easier to filter options based on specific settings or aesthetics.

Compare sectors

The fashion and beauty industries were the pioneers of creator marketing and as a result, content creators have dramatically changed the way these industries market themselves. Brands from high-end luxury to mainstream have made TikTok an essential part of their marketing efforts, with effective results. In 2019, it was big news when Estée Lauder announced that it was allocating 75% of its advertising budget to creator marketing – but today, it’s not uncommon for brands to allocate dedicated budgets to maintain a creator marketing strategy still active.

The latest development in how the fashion industry continues to lead the way with bold investments in designer marketing is bringing TikTok stars with no fashion background into their marketing campaigns. For example, Gucci recently teamed up with viral TikTok trainspotting creator @francis.bourgeois to promote its new North Face collaboration collection.

BookTok recalls the early days of how fashion and beauty brands embraced a movement: there is a passionate community, creating engaging content out of love for the product and enthusiastically sharing it on TikTok. It’s time for publishers to follow in fashion’s footsteps and take the next bold step to partner with these designers.

Create new experiences

Beyond the more traditional creator-brand engagement model, there are also other exciting ways to leverage the BookTok movement. For example, publishers could invite creators who are illustrators and designers to compete to create book cover illustrations for upcoming releases. It goes beyond the reviews and recommendations that form the core of #BookTok, involving artists (and their communities) to support authors as an exchange of creativity.

Another idea for publishers is to activate the readership community through live events such as live author readings and Q&A sessions hosted by bookfluencers. Fashion and beauty brands like Dior and Louis Vuitton have hosted live events on TikTok, and it’s easy to see how the idea could translate to BookTok. Unlike in-person versions of these events, virtual gatherings aren’t limited to people in a specific city or venue capacity and are therefore more accessible to fans. Markets such as China have highly engaged consumers who are enthusiastic about “direct shopping,” which could open up new revenue streams for direct-to-public book sales.

It’s promising to see publishers taking their first steps towards engaging with online reading communities thanks to the talent of creators. Those who invest in collaborating with passionate fans — in the form of brand sponsorships, regular promotional features, or one of many other approaches — are opening a successful new chapter in the history of book marketing.


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‘Everyone wants a piece of it’: UK shopping streets turn to high-end hipster fashion | Fashion https://discountshoppingchannel.com/everyone-wants-a-piece-of-it-uk-shopping-streets-turn-to-high-end-hipster-fashion-fashion/ Sat, 09 Jul 2022 17:30:00 +0000 https://discountshoppingchannel.com/everyone-wants-a-piece-of-it-uk-shopping-streets-turn-to-high-end-hipster-fashion-fashion/

At first glance, 194 Local looks like any second-hand store on Brick Lane in London. The graffiti-covered shutters are down and the storefront is sober. But as soon as it opens at 11 a.m., the store is packed with young people dressed in style. The queue for the fitting room is long and the saleswoman is inundated with questions.

Why is everyone here? To get your hands on the latest vintage military overtrousers, a pair of £98 baggy trousers that are on trend for both men and women. Within minutes, most sizes are sold out.

“I’ve been waiting for these for a very long time and when 194 Local posted them online I immediately booked the day off,” said Billy Bingham, 19, who traveled the 40-minute train journey from Essex to get a pair. in black. Got these in white from another place but when it comes to vintage quality and rarity 194 is the best. This is where I go right now.”“

His friend Ellis Taylor, 19, agrees: “I got the brown pair. I really like them and they are fine.

Unlike most retailers who buy in bulk, everything in these stores is hand picked. “Selected vintage” shops are popping up on high streets across the country as online outlets increasingly move to physical premises. Stocks sell out immediately and they dictate fashion trends and bring brands to life. Last week, Avirex, a popular New York-based outerwear brand, opened a pop-up store in London’s Shoreditch after seeing a surge in demand for its vintage items.

“We’re getting busier and busier,” said Ned Membery, founder of Dukes Cupboard in Soho, which started online and with a stand in Portobello Market. “People really like second-hand clothes and it seems like that’s the way the world is. With so many great things from the late 90s and 2000s era, everyone wants one. piece. Alex Powis, artistic director and author of Unboxed sneakers: from studio to street, agreed. “They are having a great time. People love vintage because, when done right, it offers a powerful combination of authenticity and rarity. These aren’t the thoughtless retro boutiques we had growing up. Instead, they are now organized and accounted for.

As well as driving the oversized trouser trend, many attribute Avirex’s recent relaunch to UK vintage stores, with the store stocking pieces from the 80s, 90s and 00s. Labels such as Von Dutch and Ed Hardy are also experiencing a revival, alongside the return of old band t-shirts. “They are bringing brands back and making physical stores successful at a time when the high street is supposed to be struggling. It’s really something,” Powis said.

Customers at Dukes Vintage in London’s Soho.

But it’s expensive and there’s no need to rummage through the shelves to get a bargain. At 194, a tired-looking Lee Scratch Perry t-shirt will set you back £89 and a Robert Plant £72. A Stone Island jacket from Manchester’s Gone Fishing store costs £200. In the Avirex pop-up store, leather jackets sell for hundreds of pounds.

With carefully curated items from around the world, stores say they’re worth it. “We get boot sales and deals from it, but we also get high profile celebrity contacts that we buy things from. We’re getting harder and harder all the time,” Membery said.

Matt Sloane, founder of Jerks, runs an online site and now has a vintage studio by appointment in Bermondsey, South London. He says they try to keep the prices low, but the items are very expensive to find. “You can order 500 plaid shirts and put them on a rail for 20 pounds in a store, but that’s boring and not an exciting deal for anyone. I like the idea of ​​selecting things that have some cultural relevance.

The transition from online stores to physical stores could be more than a matter of fashion. Online sites such as second-hand fashion resale app Depop claim to foster a community, and TikTok’s hashtag #vintagebandtee has nearly four million views.

But with old-fashioned TVs in the windows and rows of 90s band tees, the stores can feel like they’ve stepped back in time.

Fashion commentator Caryn Franklin said vintage is all about making a statement. “We are looking for niche places that we can walk into and experience an all-encompassing vibe and vibe. A space created as an installation is inherently rewarding. It’s a community where you meet like-minded people.

Powis agrees. “For a generation that grew up on Instagram, digital shopping and targeted advertising, these stores offer in-person communities like streetwear pioneers did with their stores in the 90s,” he said.

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