But Iger is widely credited for boosting Disney into an entertainment juggernaut through a series of well-executed acquisitions - Star Wars, Marvel Studios, and Pixar - during his first stint as chief executive.ĭisney, like a slew of other major companies, stopped advertising on X last month, after Musk endorsed an antisemitic conspiracy theory popular among White supremacists. Representatives for Disney did not immediately respond to a request for comment. “Walt Disney is turning in his grave over what Bob has done to his company.” “He should be fired immediately,” Musk, who often uses his influential perch to bully critics and others, wrote about Iger on the platform formerly known as Twitter. The X owner and erratic billionaire conspiracy theorist went on a rampage Thursday against the Disney chief executive, assailing Iger for the Magic Kingdom’s decision to pull advertisements from his imperiled social media platform, and declaring that Iger should be forcibly removed from his job. I don’t know what next year’s going to look like.”Įlon Musk demands Bob Iger ‘be fired’ after Disney pulled ads from XĮlon Musk wants Bob Iger fired, reports CNN’s Oliver Darcy. “I look at this year, and it’s stronger than what I would’ve thought,” said CEO Doug McMillon in a CNBC interview that aired on Wednesday. But Walmart warned that consumer spending could weaken after the holiday shopping season as Americans’ credit card debt piles up and bank accounts drain. Walmart: The superstore chain has benefitted this year from a shift in spending that prioritizes food and necessities. “We anticipate customer spending may continue to be constrained as we head into 2024.” “Our customer continues to tell us they are feeling significant pressure on their spending, which is supported by what we see in their behavior,” said Dollar General CEO Todd Vasos during the company’s third-quarter earnings call on Thursday. The company earlier this year cut its outlook due to weakening demand. “As lower-income consumers responded to the accumulated impact of inflation and reduced government benefits, we saw a notable pullback in spending, particularly in higher-margin discretionary categories,” said Dreiling.ĭollar General: The company expects to continue seeing softer spending from lower-income customers. Most of Dollar Tree’s new customers over the past year have household incomes totalling over $125,000, said Richard Dreiling, Dollar Tree chief executive, in a call with analysts last month.īut that hasn’t been enough to counter the broader trend of softening spending, particularly as seen among lower-income consumers. Here’s a look at what three companies have said in recent weeks about consumers.ĭollar Tree: The company has seen a boost from luring in new, higher-paying customers looking for bargains. That’s starting to show up in economic data: US retail sales fell in October for the first time in seven months.Įven discount retailers have felt the bite of frugal shopping trends. Consumers are still downsizing other parts of their spending. Months later, the “revenge travel” boom is winding down. A shopper at the Macy's flagship store on Black Friday in New York, US, on Friday, Nov.
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