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Consumer Discretionary

Reuters | Equities.com |

(Reuters) - Texas auto dealer Hayden Elder says March was his worst month in 42 years selling cars thanks to the coronavirus, but April brought days that were “almost normal” and he expects bigger customer discounts to help him sell more Dodge Ram pickup trucks this month. The virus outbreak and resulting stay-at-home orders have clobbered the U.S. vehicle market. But from his corner of Texas, which pushed ahead on Friday with a phased relaxation of restrictions put ...


Reuters | Equities.com |

Hershey Co pulled its 2020 forecast on Thursday and warned of weak sales in certain categories as households worried about their financial futures cut spending on snacks and chocolates. The company said sales of products, including SkinnyPop popcorn and Pirate’s Booty rice and corn puffs, had slowed in recent weeks, after rising in double digits in March, when consumers stockpiled food...


WWD | Equities.com |

Burberry is rolling out new labeling across all key product categories in a bid to show how each product is meeting certain sustainability requirements. The rollout of the labeling coincides with the launch of ReBurberry Edit, a collection of 26 of its top spring 2020 looks re-created using sustainable materials.“By inviting customers to learn more about the sustainable credentials of our products through our labeling program, we are helping them to better understand our ...


Reuters | Equities.com |

Coca-Cola Co on Tuesday forecast a hit to current-quarter results as restaurants, theaters and other venues that represent about half of the company’s revenue remain closed because of the coronavirus pandemic.However, shares of the company rose about 2% in trading before the bell after the soda maker reported better-than-expected revenue and profit for the first quarter and said it expected conditions to start improving from mid-year.Coca-Cola provides syrups and concentrates to se...


Nestlé | Equities.com |

Through blockchain-recorded data, coffee lovers will now be able to trace their coffee back to the different origins.


Reuters | Equities.com |

The retailer has already suspended its quarterly dividend and withdrawn its 2020 sales and profit forecasts.


Reuters | Equities.com |

The upscale retailer joins its peers in an effort to limit the spread of the coronavirus.


Reuters | Equities.com |

Apple's move was followed by several other retailers on Saturday.


Reuters | Equities.com |

The companies make nearly one-third of their sales in Asia.


Reuters | Equities.com |

Global box offices have been hit hard by the coronavirus.



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