Neighborhood Goods raises $14.5 million and is opening a store in New York

Neighborhood Goods, a company that’s often referred to as the “department store of the future,” is getting ready to grow. Since its inception and grand opening in Texas, Neighborhood Goods has been a buzz in the retail industry. (Ironically, Neighborhood Good’s first store is down the road from Penney’s corporate headquarters.) Neighborhood Good’s Plano store is about 14,000 square feet, but Alexander has said he could envision future locations closer to 30,000. Neighborhood Goods also has a web


Neighborhood Goods, a company that’s often referred to as the “department store of the future,” is getting ready to grow. Since its inception and grand opening in Texas, Neighborhood Goods has been a buzz in the retail industry. (Ironically, Neighborhood Good’s first store is down the road from Penney’s corporate headquarters.) Neighborhood Good’s Plano store is about 14,000 square feet, but Alexander has said he could envision future locations closer to 30,000. Neighborhood Goods also has a web
Neighborhood Goods raises $14.5 million and is opening a store in New York Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: lauren thomas, source, neighborhood goods
Keywords: news, cnbc, companies, york, neighborhood, 145, store, million, retail, company, open, opening, alexander, raises, texas, retailers, goods, space


Neighborhood Goods raises $14.5 million and is opening a store in New York

Neighborhood Goods, a company that’s often referred to as the “department store of the future,” is getting ready to grow.

The company announced on Thursday it has raised $8.8 million in additional seed financing, bringing its total to $14.5 million. It also said it will open a second location this year, in New York. Neighborhood Goods opened its first shop in Plano, Texas, late last year.

Since its inception and grand opening in Texas, Neighborhood Goods has been a buzz in the retail industry. Tennis superstar Serena Williams launched her new clothing line there. Many people keeping up with retail — and the demise of decades-old retailers like Sears and J.C. Penney — view Neighborhood Goods as a model of where the industry is headed. (Ironically, Neighborhood Good’s first store is down the road from Penney’s corporate headquarters.)

Co-founded in 2017 by Matt Alexander and Mark Masinter, the business aims to create large spaces where more than a dozen brands — many of them born on the internet — can sell merchandise on a rotating basis. Masinter is the founder and now a managing member of Dallas-based real estate services firm Open Realty Advisors, having helped major retailers like Apple and Restoration Hardware open stores. Alexander, also based in Dallas, founded other retail start-ups, including a fashion e-commerce company, before launching Neighborhood Goods.

Neighborhood Goods takes the basic model of a traditional department store but makes it much cooler. In Texas, the location comes with its own bar and restaurant — called Prim & Proper — and has a communal space where it holds events.

“I think the reception to Neighborhood Goods is as much a reflection of the retail market, in general, as it is an early endorsement of our particular approach,” Alexander said.

“We’ve also witnessed a lot of excitement around … the physical retail marketplace extending far beyond Neighborhood Goods,” he said. “More and more funding is being devoted toward exploring the space, and many companies seem to be articulating the express goal of doing more with physical retail.”

Neighborhood Good’s Plano store is about 14,000 square feet, but Alexander has said he could envision future locations closer to 30,000. Neighborhood Goods also has a website where shoppers can buy from some of the brands it works with.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: lauren thomas, source, neighborhood goods
Keywords: news, cnbc, companies, york, neighborhood, 145, store, million, retail, company, open, opening, alexander, raises, texas, retailers, goods, space


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Bali’s new Starbucks flagship store has its own coffee farm and valet parking

Newly opened in January, the store aims to immerse its guests in a journey of discovering coffee while paying homage to one of the company’s biggest growing coffee regions, Sumatra. “We wanted to make sure that everyone visiting our store would have an opportunity — and even feel compelled — to learn more about coffee,” Scott Keller, senior vice president of store development and design in Asia Pacific, at Starbucks told CNBC. The store includes a nursery, greenhouse and outdoor area where custo


Newly opened in January, the store aims to immerse its guests in a journey of discovering coffee while paying homage to one of the company’s biggest growing coffee regions, Sumatra. “We wanted to make sure that everyone visiting our store would have an opportunity — and even feel compelled — to learn more about coffee,” Scott Keller, senior vice president of store development and design in Asia Pacific, at Starbucks told CNBC. The store includes a nursery, greenhouse and outdoor area where custo
Bali’s new Starbucks flagship store has its own coffee farm and valet parking Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: uptin saiidi
Keywords: news, cnbc, companies, sure, flagship, balis, starbucks, learn, vice, visiting, store, valet, told, farm, parking, ways, coffee, customers, wanted


Bali's new Starbucks flagship store has its own coffee farm and valet parking

Newly opened in January, the store aims to immerse its guests in a journey of discovering coffee while paying homage to one of the company’s biggest growing coffee regions, Sumatra.

“We wanted to make sure that everyone visiting our store would have an opportunity — and even feel compelled — to learn more about coffee,” Scott Keller, senior vice president of store development and design in Asia Pacific, at Starbucks told CNBC. “We considered different ways to engage our customers in that interactive journey.”

The store includes a nursery, greenhouse and outdoor area where customers can rake coffee beans. It also features digital screens which run interviews with some of its coffee farmers in the region.

Starbucks Reserve Dewata also offers multiple classes each day where customers can pay to learn more about coffee.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: uptin saiidi
Keywords: news, cnbc, companies, sure, flagship, balis, starbucks, learn, vice, visiting, store, valet, told, farm, parking, ways, coffee, customers, wanted


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Amazon changed how it reports its retail footprint — and now it’s not as clear

But in not including stores under development, Amazon is removing some level of transparency into how quickly it’s building up new space for physical stores. Amazon also launched three new 4-star stores, which sell an assortment of products with at least a 4-star rating on Amazon. Amazon is expected to double down on physical store growth this year. Amazon’s physical store footprint isn’t the only number that dropped due to an accounting change last year. Adjusting for those changes, physical st


But in not including stores under development, Amazon is removing some level of transparency into how quickly it’s building up new space for physical stores. Amazon also launched three new 4-star stores, which sell an assortment of products with at least a 4-star rating on Amazon. Amazon is expected to double down on physical store growth this year. Amazon’s physical store footprint isn’t the only number that dropped due to an accounting change last year. Adjusting for those changes, physical st
Amazon changed how it reports its retail footprint — and now it’s not as clear Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: eugene kim, david ryder, bloomberg, getty images, john leyba, denver post
Keywords: news, cnbc, companies, amazon, revenue, physical, number, clear, footprint, foods, reported, retail, changed, store, reports, company, stores


Amazon changed how it reports its retail footprint — and now it's not as clear

But in not including stores under development, Amazon is removing some level of transparency into how quickly it’s building up new space for physical stores. Whole Foods announced at least 25 new location openings last year, while the number of Go stores increased to 10 across Seattle, Chicago and San Francisco. Amazon also launched three new 4-star stores, which sell an assortment of products with at least a 4-star rating on Amazon.

Amazon is expected to double down on physical store growth this year. It’s planning an expansion for Whole Foods stores, primarily targeting suburbs and more rural areas like Idaho and Wyoming, the Wall Street Journal reported in December. And Bloomberg reported in September that the company is considering opening up to 3,000 Amazon Go stores by 2021.

Amazon’s physical store footprint isn’t the only number that dropped due to an accounting change last year.

The company said during its fourth-quarter earnings call that a 3 percent decline in physical store revenue was largely caused by a change in how it accounted for calendar days following the Whole Foods acquisition, and a shift in delivery and pick-up orders to the online sales component of revenue. Adjusting for those changes, physical store revenue would have grown 6 percent, Amazon said.

WATCH: Amazon is expanding Go footprint after one year in business


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: eugene kim, david ryder, bloomberg, getty images, john leyba, denver post
Keywords: news, cnbc, companies, amazon, revenue, physical, number, clear, footprint, foods, reported, retail, changed, store, reports, company, stores


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Amazon changed how it reports its retail footprint — and now it’s not as clear

But in not including stores under development, Amazon is removing some level of transparency into how quickly it’s building up new space for physical stores. Amazon also launched three new 4-star stores, which sell an assortment of products with at least a 4-star rating on Amazon. Amazon is expected to double down on physical store growth this year. Amazon’s physical store footprint isn’t the only number that dropped due to an accounting change last year. Adjusting for those changes, physical st


But in not including stores under development, Amazon is removing some level of transparency into how quickly it’s building up new space for physical stores. Amazon also launched three new 4-star stores, which sell an assortment of products with at least a 4-star rating on Amazon. Amazon is expected to double down on physical store growth this year. Amazon’s physical store footprint isn’t the only number that dropped due to an accounting change last year. Adjusting for those changes, physical st
Amazon changed how it reports its retail footprint — and now it’s not as clear Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: eugene kim, david ryder, bloomberg, getty images, john leyba, denver post
Keywords: news, cnbc, companies, amazon, revenue, physical, number, clear, footprint, foods, reported, retail, changed, store, reports, company, stores


Amazon changed how it reports its retail footprint — and now it's not as clear

But in not including stores under development, Amazon is removing some level of transparency into how quickly it’s building up new space for physical stores. Whole Foods announced at least 25 new location openings last year, while the number of Go stores increased to 10 across Seattle, Chicago and San Francisco. Amazon also launched three new 4-star stores, which sell an assortment of products with at least a 4-star rating on Amazon.

Amazon is expected to double down on physical store growth this year. It’s planning an expansion for Whole Foods stores, primarily targeting suburbs and more rural areas like Idaho and Wyoming, the Wall Street Journal reported in December. And Bloomberg reported in September that the company is considering opening up to 3,000 Amazon Go stores by 2021.

Amazon’s physical store footprint isn’t the only number that dropped due to an accounting change last year.

The company said during its fourth-quarter earnings call that a 3 percent decline in physical store revenue was largely caused by a change in how it accounted for calendar days following the Whole Foods acquisition, and a shift in delivery and pick-up orders to the online sales component of revenue. Adjusting for those changes, physical store revenue would have grown 6 percent, Amazon said.

WATCH: Amazon is expanding Go footprint after one year in business


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: eugene kim, david ryder, bloomberg, getty images, john leyba, denver post
Keywords: news, cnbc, companies, amazon, revenue, physical, number, clear, footprint, foods, reported, retail, changed, store, reports, company, stores


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Another wave of retail store closures coming. ‘No light at the end of the tunnel’

Another wave of store closures is expected to hit shopping centers and malls this year with “no light at the end of the tunnel,” according to a new research report. Retailers have already announced 2,187 new store closures since Jan. 1, including Gymboree, J.C. Penney, Charlotte Russe and Ann Taylor parent company Ascena Retail, according to Coresight Research. That’s up 23 percent from the number of announcements documented at the same time last year, the market research group said. Already thi


Another wave of store closures is expected to hit shopping centers and malls this year with “no light at the end of the tunnel,” according to a new research report. Retailers have already announced 2,187 new store closures since Jan. 1, including Gymboree, J.C. Penney, Charlotte Russe and Ann Taylor parent company Ascena Retail, according to Coresight Research. That’s up 23 percent from the number of announcements documented at the same time last year, the market research group said. Already thi
Another wave of retail store closures coming. ‘No light at the end of the tunnel’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: lauren thomas, robert barnes, getty images
Keywords: news, cnbc, companies, tunnel, retail, announced, expected, closures, group, thing, light, coresight, wave, coming, retailers, store, research, end


Another wave of retail store closures coming. 'No light at the end of the tunnel'

Another wave of store closures is expected to hit shopping centers and malls this year with “no light at the end of the tunnel,” according to a new research report.

Retailers have already announced 2,187 new store closures since Jan. 1, including Gymboree, J.C. Penney, Charlotte Russe and Ann Taylor parent company Ascena Retail, according to Coresight Research. That’s up 23 percent from the number of announcements documented at the same time last year, the market research group said. And there’s “potentially many more on the way due to companies currently in the bankruptcy process and more on the horizon.”

In 2018, Coresight tracked 5,524 store closure announcements in the U.S., which was down more than 30 percent from a record 8,139 closures announced in 2017. David Simon, CEO of the largest mall operator in the U.S., Simon Property Group, recently said the pace of store closures was slowing, but he expected more in 2019, with a handful of private equity-backed retailers on his so-called watch list.

Analysts say the U.S. is still “over-stored,” especially when compared with other countries. As more purchases are happening online, there’s less of a need for so much retail real estate. And the retailers that are still opening new locations are thinking much smaller.

Already this year, Coresight said retailers have announced 1,411 store openings (offsetting about 65 percent of store closures), largely stemming from dollar and discount chains.

Department store chains and specialty apparel retailers, meanwhile, are the two categories within retail still expected to shrink. But not everyone views store closures as bad news.

“You don’t always look at store closures as a negative thing,” said Brandon Famous, senior managing director of the retail advisory group at commercial real estate services firm CBRE. “That doesn’t always dictate consumer sentiment. All the numbers point up,” he added, referring to the industry forecasts for retail sales growth in 2019.

“With any vacant department store, an owner has the opportunity to increase their rent, to reinvigorate or reinvent the space,” Famous said. “In many cases a landlord looks forward to the opportunity of getting that space back. In many cases it will be a positive thing.”


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: lauren thomas, robert barnes, getty images
Keywords: news, cnbc, companies, tunnel, retail, announced, expected, closures, group, thing, light, coresight, wave, coming, retailers, store, research, end


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Online brand Recess just opened its first store to sell CBD drinks

Recess is just the latest internet-born retailer to begin opening brick-and-mortar stores so customers can experience the brand, and buy its products, in real life. Recess hopes to tap into the seemingly booming market for CBD, short for cannabidiol. With its first store opening in New York on Wednesday, Recess is just getting started, he said. As they began opening stores, some others followed. With a check in the box in New York, Recess plans to head to Los Angeles for its second store.


Recess is just the latest internet-born retailer to begin opening brick-and-mortar stores so customers can experience the brand, and buy its products, in real life. Recess hopes to tap into the seemingly booming market for CBD, short for cannabidiol. With its first store opening in New York on Wednesday, Recess is just getting started, he said. As they began opening stores, some others followed. With a check in the box in New York, Recess plans to head to Los Angeles for its second store.
Online brand Recess just opened its first store to sell CBD drinks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: lauren thomas, source, noah kalina
Keywords: news, cnbc, companies, york, witte, recess, products, started, brand, stores, opening, drinks, sell, opened, online, cbd, store, company


Online brand Recess just opened its first store to sell CBD drinks

Recess is just the latest internet-born retailer to begin opening brick-and-mortar stores so customers can experience the brand, and buy its products, in real life.

The company, which markets itself as a wellness brand, sells sparkling beverages infused with hemp extract and L-theanine, in flavors such as blackberry chai, that promise to keep buyers “calm, cool and collected.” The drink has been described as the “LaCroix of cannabis.”

Recess hopes to tap into the seemingly booming market for CBD, short for cannabidiol. It’s a compound found in the cannabis plant that promises to deliver the calming benefits of marijuana without the high that comes from THC. Most CBD is now federally legal thanks to the farm bill President Donald Trump signed in December. CBD is showing up in products from coffee and cocktails to skincare.

Founder and CEO Ben Witte tells CNBC the company shouldn’t be written off as just a beverage business, as it plans to expand with other products. With its first store opening in New York on Wednesday, Recess is just getting started, he said. And though the company initially signed a lease for only a few months there, Witte said Recess will likely extend its stay. “It’s a little bit of an experiment.”

The “digital to bricks” movement is “just getting started,” said Michael J. O’Neill, executive managing director of retail services at commercial real estate firm Cushman & Wakefield.

“I don’t know if we are in the first inning but certainly in the early stages,” O’Neill said. “Warby [Parker] and Bonobos were two pioneers in this category. As they began opening stores, some others followed. … And now there is data to better serve this belief” that stores can play a huge role in customer acquisition.

With a check in the box in New York, Recess plans to head to Los Angeles for its second store. And Witte said the company is considering rolling out vending machines with its drinks across the country.

“In the future, we will also go much deeper into content,” Witte said. “Think of us as more of a media company.” He said the goal of Recess is to give adults outlets to be more productive and less anxious, something he said he noticed many people struggle with, as he did when he was creating the business.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: lauren thomas, source, noah kalina
Keywords: news, cnbc, companies, york, witte, recess, products, started, brand, stores, opening, drinks, sell, opened, online, cbd, store, company


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Goldman Sachs: Apple dependent on Google for services revenue

Analysts at Goldman Sachs estimate more than 20 percent of Apple’s burgeoning services revenue comes from Google. Apple touts its services revenue as the next growth driver for the company, amid slowing iPhone sales. That revenue gets lumped into Apple’s burgeoning services segment, which also includes App Store, iCloud and Apple Music revenue. Goldman Sachs estimates Google paid Apple nearly $9.5 billion in traffic acquisition costs (TAC) during calendar year 2018, representing a third of Apple


Analysts at Goldman Sachs estimate more than 20 percent of Apple’s burgeoning services revenue comes from Google. Apple touts its services revenue as the next growth driver for the company, amid slowing iPhone sales. That revenue gets lumped into Apple’s burgeoning services segment, which also includes App Store, iCloud and Apple Music revenue. Goldman Sachs estimates Google paid Apple nearly $9.5 billion in traffic acquisition costs (TAC) during calendar year 2018, representing a third of Apple
Goldman Sachs: Apple dependent on Google for services revenue Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: sara salinas, drew angerer, getty images
Keywords: news, cnbc, companies, revenue, store, apples, dependent, goldman, tac, app, sachs, services, google, apple, segment, work


Goldman Sachs: Apple dependent on Google for services revenue

Analysts at Goldman Sachs estimate more than 20 percent of Apple’s burgeoning services revenue comes from Google.

Apple touts its services revenue as the next growth driver for the company, amid slowing iPhone sales. But the share of the segment that comes from Google is decelerating, and Apple could need to make up the difference with a ‘Prime’ bundle, Goldman Sachs said in a note published Monday.

“Apple will need to add mid to high single digits growth back to Services revenues through successful launch of the ‘Apple Prime’ bundle including original video that we expect to be rolled out this Spring/Summer,” the firm said.

Google pays device makers like Apple traffic acquisition costs to be the default search engine. That revenue gets lumped into Apple’s burgeoning services segment, which also includes App Store, iCloud and Apple Music revenue.

Goldman Sachs estimates Google paid Apple nearly $9.5 billion in traffic acquisition costs (TAC) during calendar year 2018, representing a third of Apple’s profit in the segment. The fees will continue to make up a large portion of Apple’s services revenue into 2019, the firm said, but will grow at slower rates.

“Not only is TAC large but it is still growing as people search more on mobile devices,” the analysts said. “Combining our TAC work with app store data from Sensor Tower we conclude that TAC and Apple’s share of app store downloads represented 51 percent of Services revenues in 2018 and an even larger 70 percent of Services gross profits. Both of these elements should grow in 2019 albeit TAC looks likely to decelerate materially.”

WATCH: Goldman’s Rod Hall: Apple has its work cut out for it in services


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: sara salinas, drew angerer, getty images
Keywords: news, cnbc, companies, revenue, store, apples, dependent, goldman, tac, app, sachs, services, google, apple, segment, work


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Don’t buy these 8 foods at Costco, experts say

Costco can be a great place to find good deals on the foods you eat every day. But there are a few areas where your local grocery store or a big box store like Walmart and Target can offer better value for your money. That’s especially true when it comes to size. However, the reason grocery experts put these items in the “don’t buy” category comes down to the size. That’s especially true on items like soy sauce, spice mixes and produce.


Costco can be a great place to find good deals on the foods you eat every day. But there are a few areas where your local grocery store or a big box store like Walmart and Target can offer better value for your money. That’s especially true when it comes to size. However, the reason grocery experts put these items in the “don’t buy” category comes down to the size. That’s especially true on items like soy sauce, spice mixes and produce.
Don’t buy these 8 foods at Costco, experts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: megan leonhardt, tim boyle, getty images news, getty images, -charlene haugsven, founder of myfrugaladventurescom
Keywords: news, cnbc, companies, store, costco, haugsven, usually, items, say, dont, experts, foods, thats, flour, grocery, good, especially, buy


Don't buy these 8 foods at Costco, experts say

Costco can be a great place to find good deals on the foods you eat every day. But there are a few areas where your local grocery store or a big box store like Walmart and Target can offer better value for your money.

That’s especially true when it comes to size. Because Costco generally sells products in bulk, to get the most out of your purchase, you need to make sure you can consume the larger quantities of a product before it goes bad. For ordinary families or individuals, that can be a high bar to clear.

That’s primarily why Charlene Haugsven, founder of MyFrugalAdventures.com, tells CNBC Make It, “Just because Costco has it doesn’t mean it’s a bargain.”

Here are the eight types of groceries she and other experts suggest that the average shopper should think twice before buying in bulk at Costco:

Breakfast cereal

Ground coffee

Condiments and sauces, such as soy sauce

Flour

Milk

Eggs

Fresh fruits and vegetables

Spices

If you compare these items, especially the Kirkland brand, to similar products you’d find at the grocery store simply on price, Costco usually wins. However, the reason grocery experts put these items in the “don’t buy” category comes down to the size.

The containers or packages are simply too big to end up being a good value for the average person.

Sure, some folks with big families, an extra freezer or lots of pantry space may think these are a good deal. In many cases, though, you’ll end up throwing a good portion of the food away or struggle to find room for it in your home.

“A normal family is just never going to get through the quantity you have to purchase,” Haugsven says. That’s especially true on items like soy sauce, spice mixes and produce. If you live by yourself, springing for Costco’s 1-pound container of fresh spinach, for example, may not make sense, though it is a steal at $4.99. That’s because, even if it’s stored properly, fresh spinach will usually only last 5 to 7 days in the refrigerator, according to shelf-life guide site StillTasty.com.

Large quantities can also be unwieldy to store. Though grocery stores usually sell flour in 5-pound sacks, Costco sells it in 25-pound packages, and it can be difficult to find space for all of that. “I would never want to store 25 pounds of flour. That’s a whole year’s worth of flour in advance,” Haugsven says.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: megan leonhardt, tim boyle, getty images news, getty images, -charlene haugsven, founder of myfrugaladventurescom
Keywords: news, cnbc, companies, store, costco, haugsven, usually, items, say, dont, experts, foods, thats, flour, grocery, good, especially, buy


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Don’t buy these 8 foods at Costco, experts say

Costco can be a great place to find good deals on the foods you eat every day. But there are a few areas where your local grocery store or a big box store like Walmart and Target can offer better value for your money. That’s especially true when it comes to size. However, the reason grocery experts put these items in the “don’t buy” category comes down to the size. That’s especially true on items like soy sauce, spice mixes and produce.


Costco can be a great place to find good deals on the foods you eat every day. But there are a few areas where your local grocery store or a big box store like Walmart and Target can offer better value for your money. That’s especially true when it comes to size. However, the reason grocery experts put these items in the “don’t buy” category comes down to the size. That’s especially true on items like soy sauce, spice mixes and produce.
Don’t buy these 8 foods at Costco, experts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: megan leonhardt, tim boyle, getty images news, getty images, -charlene haugsven, founder of myfrugaladventurescom
Keywords: news, cnbc, companies, good, foods, store, flour, usually, thats, dont, say, haugsven, especially, items, experts, buy, costco, grocery


Don't buy these 8 foods at Costco, experts say

Costco can be a great place to find good deals on the foods you eat every day. But there are a few areas where your local grocery store or a big box store like Walmart and Target can offer better value for your money.

That’s especially true when it comes to size. Because Costco generally sells products in bulk, to get the most out of your purchase, you need to make sure you can consume the larger quantities of a product before it goes bad. For ordinary families or individuals, that can be a high bar to clear.

That’s primarily why Charlene Haugsven, founder of MyFrugalAdventures.com, tells CNBC Make It, “Just because Costco has it doesn’t mean it’s a bargain.”

Here are the eight types of groceries she and other experts suggest that the average shopper should think twice before buying in bulk at Costco:

Breakfast cereal

Ground coffee

Condiments and sauces, such as soy sauce

Flour

Milk

Eggs

Fresh fruits and vegetables

Spices

If you compare these items, especially the Kirkland brand, to similar products you’d find at the grocery store simply on price, Costco usually wins. However, the reason grocery experts put these items in the “don’t buy” category comes down to the size.

The containers or packages are simply too big to end up being a good value for the average person.

Sure, some folks with big families, an extra freezer or lots of pantry space may think these are a good deal. In many cases, though, you’ll end up throwing a good portion of the food away or struggle to find room for it in your home.

“A normal family is just never going to get through the quantity you have to purchase,” Haugsven says. That’s especially true on items like soy sauce, spice mixes and produce. If you live by yourself, springing for Costco’s 1-pound container of fresh spinach, for example, may not make sense, though it is a steal at $4.99. That’s because, even if it’s stored properly, fresh spinach will usually only last 5 to 7 days in the refrigerator, according to shelf-life guide site StillTasty.com.

Large quantities can also be unwieldy to store. Though grocery stores usually sell flour in 5-pound sacks, Costco sells it in 25-pound packages, and it can be difficult to find space for all of that. “I would never want to store 25 pounds of flour. That’s a whole year’s worth of flour in advance,” Haugsven says.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: megan leonhardt, tim boyle, getty images news, getty images, -charlene haugsven, founder of myfrugaladventurescom
Keywords: news, cnbc, companies, good, foods, store, flour, usually, thats, dont, say, haugsven, especially, items, experts, buy, costco, grocery


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Payless ShoeSource prepares for bankruptcy that could come within weeks, plans store closures

Payless ShoeSource is preparing for its second bankruptcy, which could come as soon as within two weeks, a person familiar with the situation tells CNBC. Payless filed for bankruptcy protection in April 2017 and closed nearly 400 stores. Bloomberg first reported Payless’ bankruptcy plan. If a filing were to occur, Payless would be the latest in a string of retailers to emerge from bankruptcy protection, only to boomerang back. Children’s apparel brand Gymboree recently filed for its second bankr


Payless ShoeSource is preparing for its second bankruptcy, which could come as soon as within two weeks, a person familiar with the situation tells CNBC. Payless filed for bankruptcy protection in April 2017 and closed nearly 400 stores. Bloomberg first reported Payless’ bankruptcy plan. If a filing were to occur, Payless would be the latest in a string of retailers to emerge from bankruptcy protection, only to boomerang back. Children’s apparel brand Gymboree recently filed for its second bankr
Payless ShoeSource prepares for bankruptcy that could come within weeks, plans store closures Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: lauren hirsch, jessica bursztynsky, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, stores, prepares, closures, bankruptcy, filed, shoesource, second, weeks, north, store, protection, come, filing, buyers, payless, person, plans


Payless ShoeSource prepares for bankruptcy that could come within weeks, plans store closures

Payless ShoeSource is preparing for its second bankruptcy, which could come as soon as within two weeks, a person familiar with the situation tells CNBC.

As part of the bankruptcy process, Payless is is looking for buyers for its real estate, which could include selling large blocks of stores in certain areas of the country. If it cannot find buyers, it may need to shutter the majority, if not all, of its North American store-base, the person said.

The person cautioned that plans remain in flux and it is still possible that Payless could avoid a bankruptcy filing, potentially by finding a buyer for the entire company.

Payless filed for bankruptcy protection in April 2017 and closed nearly 400 stores. The retailer currently has more than 2,700 North American stores, according to its website.

The person requested anonymity because the information is confidential. A spokesperson for Payless did not immediately respond to a request for comment.

Bloomberg first reported Payless’ bankruptcy plan.

If a filing were to occur, Payless would be the latest in a string of retailers to emerge from bankruptcy protection, only to boomerang back. Children’s apparel brand Gymboree recently filed for its second bankruptcy in less than two years.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: lauren hirsch, jessica bursztynsky, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, stores, prepares, closures, bankruptcy, filed, shoesource, second, weeks, north, store, protection, come, filing, buyers, payless, person, plans


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