AGP Executive Report
Last update: 4 hours agoRetail Demand: Costco’s September net sales rose 13% year over year, with comparable sales up 11.4% and digital-enabled sales up 19%. China’s holiday shopping also grew: sales at monitored retail districts climbed 5.3% in the first three days, while trade-in programs generated 19.63 billion yuan in sales. Prices & Costs: New York Fed research estimates each 1-point tariff increase raises consumer-goods prices by about 0.25% after a year. McCormick also lifted its inflation forecast, citing freight and input costs. Product Safety: Texas expanded its inquiry into chemicals in children’s underwear sold by Hanes and Fruit of the Loom; the investigation does not establish a violation. More than 430,000 fabric dressers were also recalled. Packaging: Tetra Pak is testing paper-based ice cream wrappers, as brands face growing pressure to cut packaging waste.
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