Latest Consumer products and services News
Japan's exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets
TOKYO (AP) — Japan's exports surged 13.5% in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia. Finance Ministry data reported Wednesday showed that the trade deficit totaled 1.22 trillion yen ($7.7 billion), down nearly 12% from 1.38...
Poppi faces lawsuit from consumer who questions its gut health claims
Popular soda brand Poppi is facing a class-action lawsuit filed by a consumer who says its products don’t improve gut health as much as their marketing suggests. In a lawsuit filed last week in U.S. District Court in San Francisco, Kristin Cobbs said she purchased Poppi drinks on...
Best Buy and Kohl's extends streak of quarterly sales slumps as Americans focus on the essentials
NEW YORK (AP) — The earnings results from Best Buy and Kohl's, announced Thursday, offer the latest evidence of consumers' cautious spending amid a challenging economic environment. Best Buy, the nation's largest consumer electronics chain, reported another quarterly drop in sales...
Elbit: Q1 Earnings Snapshot
HAIFA, Israel (AP) — HAIFA, Israel (AP) — Elbit Systems Ltd. (ESLT) on Tuesday reported earnings of $73.7 million in its first quarter. The Haifa, Israel-based company said it had net income of $1.65 per share. Earnings, adjusted for one-time gains and costs, were $1.81 per...
Sony says focus is on creativity, with games, movies, music, sensors, IP, and not gadgets
TOKYO (AP) — Japanese electronics and entertainment company Sony says it’s focusing on creativity in movies, animation and video games, rather than old-fashioned gadgetry. Its chief executive, Kenichiro Yoshida, outlined the company’s strategy Thursday, saying Sony was helping...
For some digital detox, look to the latest in craft kits
Digital diversions may have us tethered to tech, but screen fatigue is real. Even my digitally-native, young-millennial kids prefer printed books these days. And a recent weekend together at home had us busting out some craft kits. There might have been Netflix in the background, but...
Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain
NEW YORK (AP) — Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households. Consumer goods giants from PepsiCo to Kraft Heinz have described recently how the combination of high inflation and higher interest rates is...
Honest: Q1 Earnings Snapshot
LOS ANGELES (AP) — LOS ANGELES (AP) — Honest Co. (HNST) on Wednesday reported a loss of $1.4 million in its first quarter. The Los Angeles-based company said it had a loss of 1 cent per share. The results topped Wall Street expectations. The average estimate of...
Edgewell Personal: Fiscal Q2 Earnings Snapshot
SHELTON, Conn. (AP) — SHELTON, Conn. (AP) — Edgewell Personal Care Co. (EPC) on Wednesday reported fiscal second-quarter earnings of $36 million. On a per-share basis, the Shelton, Connecticut-based company said it had profit of 72 cents. Earnings, adjusted for non-recurring...
Clorox: Fiscal Q3 Earnings Snapshot
OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Clorox Co. (CLX) on Tuesday reported a loss of $51 million in its fiscal third quarter. On a per-share basis, the Oakland, California-based company said it had a loss of 41 cents. Earnings, adjusted for non-recurring costs, were $1.71...
