Tracking Consumer Spending Trends With Tanger Outlets CEO Stephen Yalof
Rising costs have impacted nearly every industry, including the retail sector. Shoppers looking for some spending reprieve might find what they're looking for at shopping outlets. Stephen Yalof, Tanger Outlets CEO, joined Cheddar News to talk about consumer spending trends. "What's interesting about our space is that we're seeing more customers now come into the outlet space because its an opportunity for them to buy brands at everyday value pricing and I think that's a big trend for the consumer right now," he said.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.
