Walmart beats Wall Street expectations as it offers more grocery discounts
CFRA Senior Vice President Arun Sundaram analyzes Walmart and Target’s earnings, expectations for their stock prices, and changes in the way consumers shop. Walmart, America’s largest retailer and private employer, lured shoppers with deeper discounts on groceries and reported strong quarterly results that beat Wall Street expectations. The Arkansas-based company said consolidated sales rose 4.8% […]
Owner of posh NYC wine shop demanded discounts on prize French booze in bizarre deal to sell store
The former owner of New York City’s now-defunct Chelsea Wine Shop demanded steep discounts on exorbitantly priced vintage French wines as part of a bizarre and ill-fated business sale deal, The Washington Post has learned. Police said Michael Gancarz was arrested last month on suspicion of theft and trespass after he showed up at his […]
New York cannabis shops can offer discounts on pot under new proposal
Get excited about these prices! State cannabis regulators proposed Wednesday to repeal rules that prohibit licensed cannabis stores from discounting marijuana products, a rule they argued disadvantages illegal operators. Senior citizens, students and veterans could be offered discounted prices on cannabis gummies, oils and other items, sources said. That could mean being able to buy […]
NYC commuter discounts should extend outside five boroughs, pols argue
Two congressmen representing the Big Apple’s northern suburbs are asking the MTA to expand its congestion pricing program, which discounts rides on the Metro-North and Long Island Railroad. Rep. Pat Ryan (D-Ulster) and Rep. Mike Lawler (R-Rockland) sent a letter to MTA Chairman Jano Lieber on Tuesday asking for a temporary transit discount program that […]