Charlie Munger spent half a century lecturing investors on the psychology of their own mistakes. A month before he died, he admitted to one of the most common mistakes. Asked on the Acquired podcast how his investment in Hyundai had worked out, Munger said: "I lost money. Not much because I was stubborn. I held out until it got back to almost where I paid for it and then I sold it."
That sentence describes, almost word for word, the behavior behavioral economists call the disposition effect: the tendency to sell winners too early and hold losers too long, waiting for a stock to return to what you paid before letting it go. Hersh Shefrin and Meir Statman named it in 1985, and Terrance Odean documented it across thousands of retail brokerage accounts in a 1998 Journal of Finance paper. It is the mistake Munger's famous 1995 talk on the psychology of human misjudgment was written to help people avoid. Here he was, at 99, saying he had made it with his own money.
Elon Musk Invests $1 Billion in Skydance Stock. He Could Be Setting the Stage for a Major Starlink Deal.
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MRVL Stock Sinks as Marvell Technology Reportedly Considers Acquiring Lumentum

#asked

The iconic skyline of Milan is set for a historic transformation as the city's two footballing heavyweights prepare to move into a state-of-the-art new home. In a move that signals a massive shift in the financial landscape of Serie A, AC Milan and Inter have officially secured a record-breaking naming rights partnership with Italian insurance giant Generali for their future shared arena.
Milan and Inter have agreed a staggering 20-year naming rights contract with Generali, which ESPN reports is worth €650 million (£545m/$725m). The new 71,500-capacity venue will be officially known as the Generali Stadium, effectively replacing the historic San Siro. The clubs purchased the required land from the city last November for €197m, paving the way for the eventual demolition of their legendary current home.
Construction is targeted to begin in 2028, with the first matches scheduled for the 2031-32 campaign, pending necessary approvals. Spearheaded by respective ownership groups RedBird Capital Partners and Oaktree, the stadium project also anchors a wider urban regeneration plan featuring new retail, leisure, and green ******* es.
The massive financial commitment eclipses the $700m agreement struck by Crypto.com in 2021 for the Los Angeles arena shared by the Lakers and Kings. It stands as a monumental boost for the two Serie A giants as they look to modernise and bridge the matchday revenue gap with Europe's elite.
A new symbol for Milano.
A new home for future generations of fans.
Generali Stadium 🏟️GENERALI pic.twitter.com/c7D0827E7T

#generali #historic

Costco has built a reputation on low prices, bulk deals, and member-exclusive perks. But one of the warehouse club's most recognizable attractions is also one of its most controversial: the food court.
For many shoppers, a trip to Costco isn't complete without a $1.50 hot dog and soda, a slice of pizza, or another inexpensive bite after navigating the warehouse's crowded aisles.
The food court has become an important part of the Costco experience, reinforcing the retailer's value-focused image and giving members another reason to shop.
The hot dog deal, whose $1.50 price point has been locked in since 1985, is particularly iconic.

#built #bulk #deals #exclusive

This story was originally published on Marketing Dive. To receive daily news and insights, subscribe to our free daily Marketing Dive newsletter.
Walmart is reworking an iconic piece of pop culture history to bolster its holiday marketing and a "Who Knew?" brand platform starring Walton Goggins. The goal is to offer a unified marketing push with multigenerational appeal throughout the crucial gift-giving season.
The retailer in the past ran separate campaigns around different legs of the holiday season, such as the ramp-up to Black Friday, but has leveraged "Who Knew?" to streamline its storytelling. "Who Knew?," which launched last year, was developed to dispel misperceptions about the brand and position it as more style- and trend-forward as Walmart wins over higher-income shoppers.
"The holidays are an incredibly cluttered period of time from an advertising standpoint, and so the ability to break through is really important," Walmart CMO William White said in an interview. "Having one [theme], one campaign throughout the season allows a really quick read for customers to know it's Walmart."

#dive

Meghan Markle turned heads in London when she met up with ***** el Peace Prize laureate Malala Yousafzai. But it was the jaw-dropping price tag that got everyone talking.
Meghan, 45, was photographed embracing Malala, 29, outside London's luxury hotel Claridge's on Wednesday, October 7, before the pair went their separate ways.
In photos published by the Daily Mail, the ***** ss of Sussex wore $2,247 white satin Masina trousers by Ralph Lauren, an $832 pale beige cashmere sweater by Los Angeles-based label CO and a light brown $2,240 Tove Studio coat. Her black Chanel purse was valued at more than $9,000, while her Saint Laurent ivory-and-tan "Chris" flats retailed for $1,050.
That brings the estimated value of her clothing and bag to over $15,000. She finished the look with a Logan Hollowell Lovers Duet Diamond and Emerald Chain necklace, valued at an estimated $21,415. Altogether, the ensemble reportedly came to roughly $37,000.
The figure didn't sit well with some online commenters.

#estimated #markle

Halle Bailey was a sight to behold in a sculpted black Alex Perry gown, which featured asymmetric jersey draping and a thigh-high slit. The Grammy-nominated singer stepped out in New York City for the premiere of The Debut at the 64th New York Film Festival. She was wearing an all-black ensemble that perfectly blended structure with sultry elegance.
Halle Bailey attends 'THE DEBUT' premiere during the 64th New York Film Festival. ? pic.twitter.com/a9RqeYCtaY
— Film Crave (_filmcrave) October 8, 2026
Halle Bailey flaunts toned legs in sleek black Alex Perry leather and jersey gown at the NYFF. For the premiere, Bailey wore a black one-shoulder gown from Alex Perry's Pre-Fall 2026 collection. The floor-length design featured a soft leather bodice with a straight neckline, paired with a contrasting jersey drape that cascaded diagonally across her body. The jersey moved fluidly with her, while the leather added structure to the bodice. The actress embraced one of Perry's more dramatic looks for the occasion.
The asymmetric strap gave the silhouette a modern edge, while the gown itself retails for $2,800 USD. The Australian label is known for sleek, body-conscious evening wear, and this gown fit right in.

#halle #black #film

When a caller mentioned that they are thinking about adding to their position in Simon Property Group, Inc. (NYSE:SPG) during the October 2 episode of Mad Money, Jim Cramer commented:
I think you're absolutely right... I want you to add to the Simon Property Group... What a great man he (David Simon, previous CEO) was, and he built a fabulous company, and you should buy more of it.
A September 8 question about buying Simon Property Group led Cramer to bring another real estate stock into the conversation.
Simon Property Group, Inc. (NYSE:SPG) reported second-quarter real estate funds from operations of $3.29 per diluted share, up 7.9% year-over-year. Domestic property net operating income increased 8.5%. Occupancy at its U.S. malls and premium outlets remained at 96%, while base minimum rent increased 6.3% to $62.42 per square foot. Management raised its full-year real estate funds from operations outlook to $13.20 - $13.30 per share. These figures show rent and property-income growth without requiring an increase in occupancy. Leasing activity also remained substantial. During the earnings call, management reported signing approximately 1,200 leases covering more than 4.8 million square feet, with new-deal volume increasing more than 20%.
Stable occupancy does not mean every tenant is healthy. Simon Property Group, Inc. (NYSE:SPG) absorbed approximately one million square feet of ****** e returned through retailer bankruptcies during the quarter. Management said it successfully re-leased the ****** e, helping maintain occupancy. That shows leasing strength, but also a reminder of the work required to preserve rental income. Additional retailer failures could bring more vacancies and replacement costs, even when demand for the properties remains sound.

#occupancy #NYSE #management #estate

The Duke and ***** ss of Sussex appear to be happily settled into the UK, sharing glimpses of their wholesome countryside pursuits, but a fresh video shared by Meghan Markle has included throwbacks to their old life in Montecito. One clip showed Meghan and her daughter Lilibet in the kitchen and another was of Meghan and Prince Harry marvelling at an As Ever Christmas hamper in their hallway.
This entranceway photo enabled us to swoon over their incredible décor once more, showing they have beautifully arched doorways, double-height ceilings and chic light fittings both on the wall and ceiling. Wooden patio doors can be seen which open outside and beyond Prince Harry, a sneak peek of their shared office with open fire can be glimpsed.
This image revealed a look at their beautiful home
The couple both beamed with happiness as they looked at Meghan's carefully curated gift, displayed in a stunning brown hamper. Her website reveals that there are three different baskets for sale, 'The hostess basket', 'The pantry basket' and 'The parlour basket', and they retail from $211 to $259, including little luxuries like Meghan's famous preserve, flower sprinkles and tea.
Meghan kicked off the countdown to Christmas with a new advent calendar (@ As Ever)

#duke

Taylor Swift is reportedly generating nearly twice as much jersey search demand as her husband, Travis Kelce. This is according to a new study conducted across the US. The findings highlight how strongly Swift's connection to the NFL star continues to influence interest in football merchandise.
A new ******* ysis by Casino.guru found that searches for a "Taylor Swift jersey" account for around 77% of the search demand recorded for the most-searched NFL player jersey in the country. The figure would place Taylor Swift among the five most in-demand jersey searches if her name were compared directly with NFL players, the study said.
The research also found a notable gap between Swift and Travis Kelce. Searches for Swift's jersey were nearly twice as high as searches for Kelce's jersey across the US. "Search demand for Taylor Swift jerseys is also nearly twice as high as it is for husband Travis Kelce jerseys across the U.S.," Casino.guru data ******* yst Max Barlow wrote in the study. He added that the search volume would "place her inside the top five most in-demand jerseys if compared directly with NFL players."
According to the ******* ysis, Swift also generated more than twice the jersey interest of the state's leading NFL player, Jaxson Dart. However, the study measured online search volume to estimate potential sales interest rather than using audited retail sales figures.
The latest figures contrast sharply with the surge in Kelce's jersey sales after Swift attended one of his games in 2023. Swift watched Kelce play from a suite at Arrowhead Stadium on September 24, 2023. After her appearance, Fanatics told the ******* ociated Press that Kelce entered the NFL's top five jersey sellers. His merchandise sales jumped nearly 400% across Fanatics' sites, according to NPR. Before the surge, Kelce ranked around 19th among NFL jersey sellers.

#jersey #taylor #twice #travis

Jim Cramer has built a career on conviction calls, and few have been more consistent than his faith in Amazon (AMZN). For years, the Mad Money host has treated the retail giant as close to untouchable. A permanent fixture in nearly every portfolio he recommends.
That changed, briefly and publicly, after watching a rival's AI demo live on air. Here is what Cramer actually said, the stock moves that gave his comment real weight, and what it all means for anyone holding either name heading into the rest of the year.
Also read: Jim Cramer noticed something odd about the stock market
Cramer made the comment live on CNBC's Squawk on the Street on September 28, after watching a demonstration of Meta's (META) new AI shopping capability. "I'm an Amazon guy, but maybe I shouldn't be. This seemed impressive," he said, speaking as a shopper describing his own buying habits rather than making a stock call.
The timing gave the remark unusual weight. Meta shares had climbed roughly 24% over the prior month. Amazon fell roughly 8% over the same stretch. Investors were already debating which company was winning the fight for online shoppers before Cramer weighed in.

#cramer #amazon #roughly

This story was originally published on Grocery Dive. To receive daily news and insights, subscribe to our free daily Grocery Dive newsletter.
Editor's note: This story is developing and will be updated.
Brian Monahan, the head of Albertsons' retail media division, has left the company, Albertsons confirmed to Grocery Dive on Monday.
Monahan served as senior vice president of Albertsons Media Collective for just over a year. Albertsons stated its retail media division will now report to Chief Marketing Officer Emily Turner.
Monahan's departure, which was first reported by Adweek, comes as Albertsons looks to remain a leader in retail media innovation and improve declining comparable-store sales.

#Media #grocery #monahan #division

Christina Zhu, the head of Walmart's China business, remembers when Chinese shoppers did not have much choice.
As a child, she watched her parents wake up at 4:30 a.m. on Sundays to go to the wet market. "They had to haggle, and high-quality produce wasn't always guaranteed," Zhu, born in 1973, recalled at the Fortune Leaders Forum in Macau in September.
Today, Chinese shoppers are "probably the group with the most choices [in the world]," and they have become "the most demanding customers," she said.
Meeting those rising expectations has become the defining challenge for retailers in China, and Walmart has managed it better than most. It entered China in 1996 with a Supercenter and a Sam's Club in Shenzhen. Three decades later, the U.S. retailer is thriving in the world's second-largest economy even as other foreign brands struggle.
China represents 3% of Walmart's overall business, but it is growing, generating $24.6 billion in sales in its past fiscal year, a 19.3% jump. Sales grew 20.7% last quarter, faster than the 5.9% reported by the company as a whole.

#China

Three decades ago, the advent and proliferation of the internet lit a fire under Wall Street's major indexes. Today, the artificial intelligence (AI) infrastructure build-out is stoking the same enthusiasm and fueling a multitrillion-dollar addressable opportunity.
Though dozens of tech-driven companies are benefiting from the AI revolution, Nvidia (NASDAQ:NVDA), Palantir Technologies (NASDAQ:PLTR), and Google parent Alphabet (NASDAQ:GOOGL)(NASDAQ:GOOG) are at the forefront of this game-changing technology.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Nvidia's graphics processing units hold a virtual monopoly in AI-accelerated data centers, making it one of the most widely held stocks among retail investors.
Image source: Getty Images.

#NVIDIA #three #nvda

For Cham's latest launch, designer Christy Cham traded the usual fashion dinner for something a lot more revealing.
On Friday night, the brand took over one of the Sunset Strip's storied addresses, celebrating its intimates launch with a late-night party at the Body Shop in West Hollywood.
More from WWD
Tower 28 Opens First Pop-up With Sephora
How Kelley Liu Is Building Song of Skin Into an $8.5 Million K-beauty Retail Business

#body

All products featured on Allure are independently selected by Allure editors. However, when you buy something through our retail links, Condé Nast may earn an affiliate commission.
You can always rely on Fashion Month to churn out the trends, not just for apparel, but for hair, too. Over the last few weeks, the runway has given us sculptural frizz, combover-esque bangs, creative crimping, and countless other looks that make you wonder whether all of the lead hairstylists have colluded to make your morning routine a little more difficult. But behold: the trend we didn't see coming… back. In the ultimate model-off-duty moment, Gigi Hadid was seen wearing a humble zig-zag headband—the quintessential late-'90s and early-2000s hair accessory.
After walking in Miu Miu's Spring/Summer 2027 show on October 4, Hadid was spotted leaving the venue with her long, blonde hair pushed back by a tortoiseshell scalloped headband. Also known as a shark-tooth or comb headband (depending on who you ask, where they grew up, and how old they are), the style has those unmistakable wavy teeth that grip the hair while keeping the face free of any stray tendrils.
Hadid wore it with an otherwise wonderfully uncomplicated look: a loose, white **** on-down left open over a white bra, jeans cinched with a brown leather belt, and white mesh ballet flats decorated with tiny floral embroidery. She carried a brown Miu Miu bag, making the whole thing feel less like a carefully engineered Paris Fashion Week outfit and more like someone running errands after class in 2002—if that person happened to be a supermodel.

#headband #allure

All products and services featured are independently chosen by editors. However, Billboard may receive a commission on orders placed through its retail links, and the retailer may receive certain auditable data for accounting purposes.
Just in time for the start of the 2026-27 NFL season, Hasbro has re-stocked its football-themed edition of the popular Guess Who? board game.
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#shop #celebration

Sofia Vergara delivered one of her most elegant looks while attending Bulgari's latest dinner event. The Colombian actress later shared glimpses from the evening on Instagram, giving fans a closer look at her archival Roberto Cavalli ensemble. Vergara effortlessly turned heads in a plunging, string-strap moment, proving once again that vintage glamour can make the biggest impact.
For the outing, Sofia Vergara wore a Roberto Cavalli gown in a black and gold baroque floral print. The fitted design featured a plunging neckline held up by thin spaghetti straps. The bodice followed her figure before flaring into a ruffled mermaid hem.
The actress complemented the statement dress with Bulgari's Tubogas Clutch. Vergara carried the bag in black leather, though the design is also sold in a gold striated calf leather colorway, priced at €6,500. The iconic Tubogas handle, done in gold-plated brass, comes embellished with colored cabochon stones and zirconia across both versions.
Vergara layered in Bvugari's Serpenti Necklace, a two-coil design crafted in 18kt rose gold. The piece features 3.63 carats of pavé diamonds along the snake's head and tail, with black onyx eyes finishing the design. Made in Italy with a 40cm chain, the necklace retails for $90,000.
She also added a gold cuff bracelet to her wrist, layering in one more dose of shine alongside the Serpenti piece. Her glam stayed warm and glowing, featuring bronzed skin, softly sculpted cheeks, and a glossy nude lip. Vergara wore her dark brunette hair down in loose waves, letting it fall freely past her shoulders. The look was shared on Instagram, with the post crediting the vintage Roberto Cavalli gown alongside both Bulgari pieces by name.

#sofia

Sofia Vergara delivered one of her most elegant looks while attending Bulgari's latest dinner event. The Colombian actress later shared glimpses from the evening on Instagram, giving fans a closer look at her archival Roberto Cavalli ensemble. Vergara effortlessly turned heads in a plunging, string-strap moment, proving once again that vintage glamour can make the biggest impact.
For the outing, Sofia Vergara wore a Roberto Cavalli gown in a black and gold baroque floral print. The fitted design featured a plunging neckline held up by thin spaghetti straps. The bodice followed her figure before flaring into a ruffled mermaid hem.
The actress complemented the statement dress with Bulgari's Tubogas Clutch. Vergara carried the bag in black leather, though the design is also sold in a gold striated calf leather colorway, priced at €6,500. The iconic Tubogas handle, done in gold-plated brass, comes embellished with colored cabochon stones and zirconia across both versions.
Vergara layered in Bvugari's Serpenti Necklace, a two-coil design crafted in 18kt rose gold. The piece features 3.63 carats of pavé diamonds along the snake's head and tail, with black onyx eyes finishing the design. Made in Italy with a 40cm chain, the necklace retails for $90,000.
She also added a gold cuff bracelet to her wrist, layering in one more dose of shine alongside the Serpenti piece. Her glam stayed warm and glowing, featuring bronzed skin, softly sculpted cheeks, and a glossy nude lip. Vergara wore her dark brunette hair down in loose waves, letting it fall freely past her shoulders. The look was shared on Instagram, with the post crediting the vintage Roberto Cavalli gown alongside both Bulgari pieces by name.

#vergara #roberto #cavalli #sofia

Hollywood icon Judi Dench is speaking out against retail giant Petco over alleged mistreatment of birds.
The 91-year-old Oscar winner sprang into action after watching a PETA investigation depicting disturbing conditions at a "mass breeding factory in Petco's supply chain."
Page Six Hollywood reported Friday, October 2, that Dench did not mince words in a letter to Petco CEO Joel Anderson.
"The footage revealed that thousands of parakeets were confined to cramped, filthy cages with no opportunity to fly, explore, or engage in the natural behaviors that make them who they are," Dench wrote in part, per the outlet. "Some birds suffered severe injuries, including a bird who had lost an eye and a chick whose wing had shriveled, blackened, and fallen off."
ZUMAPRESS.com / MEGA

#petco #peta #page

Craft stores are generally reserved for browsing yarn aisles on quiet Sunday afternoons and overspending on seasonal holiday decor. But every so often, retail chaos infiltrates their quiet corners in the face of a shoplifter or a drunkard. Or maybe, both.
In a TikTok storytime, creator Madi Max (soft.cuddlebunny) looked back on her days working retail at Joann Fabrics. She specifically recounted an incident of an intoxicated shoplifter trying to play Romeo and criminal mastermind at the same time. The result? The local craft hub turned into an accidental slapstick comedy routine.
The hilarious routine started as an unhinged flirtation attempt. But it ended with dozens of stolen markers across the linoleum floor and the furious perp screaming from the back of a police cruiser.
According to Max, the incident kicked off when a man stumbled through the automatic sliding doors carrying an open, uncovered liquor bottle. He was allegedly actively taking swigs as he roamed the aisles. But rather than laying low, he allegedly zeroed in on Max's coworker.
The man was reportedly nursing an unprompted, aggressive crush and loudly peppering the coworker with wildly inappropriate remarks. At one point, he allegedly started pointing at rolls of material, declaring that she would look stunning in lingerie made out of the textiles.

#craft #shoplifter

Ines de Ramon made a fashion statement at the Chloé spring 2027 show as part of Paris Fashion Week on Thursday in France. The jewelry designer floated to the front row in a Chloé ruffle dress in a striking blue shade, and she paired the feminine design with a pair of Western boots. Ines de Ramon Getty Images De Ramon skipped the towering heels that have been taking over Paris Fashion Week and went for a more comfortable shoe option. She wore the Chloé Western-inspired Azelan boots, which are crafted from vintage-effect calfskin and feature a pointed toe, tonal topstitching and a Cuban heel measuring 2.6 inches. Although the floor-length dress covered most of the shoes, the boots peeked through the hem as she walked and posed for photos during the photo call at the show. The high tube leg of the knee-length boot is finished with gold-tone hardware and a hand-embroidered strap signed with the Chloé logo. They retail for $1,990. Chloé Azelan boots. Chloé The boots created a stark contrast and provided a rugged flair to her ultra-feminine look. She went for a fluid, long blue silk mousseline dress, also from Chloé, featuring a ruched bodice and layered ruffles. The delicate off-the-shoulder design featured
Follow Footwear News on Twitter or become a fan on Facebook.

#ramon #fashion

MASSILLON − Fans of actor Jim Belushi exploded into applause when he arrived inside the Bloom Cannabis dispensary.
Admirers chanted his name as he climbed atop a table triumphantly: "Jim! Jim! Jim!" He was welcomed like a conquering hero of cannabis.
While the 72-year-old is known as a funnyman on screen, he's also in the cannabis business as the owner and operator of Belushi's Farm in Oregon.
Belushi was a special guest Oct. 1 of Bloom Cannabis, which also has locations in Akron, Athens, Columbus, Painesville, Seven Mile and Maryland. Founded in 2015 along the Rogue River in Southern Oregon, Belushi's Farm produces cannabis products in Ohio by Wondergrove.
Hundreds showed up at the Massillon dispensary and retail outlet, with a line stretching along the sidewalk in the shopping plaza on Federal Avenue NW.

#massillon #farm #dispensary #along

With a market cap of $19.5 billion, Best Buy Co., Inc. (BBY) is a leading technology retailer focused on enriching lives through technology by combining tech expertise with personalized customer service. The company serves customers through its online platform, stores, and in-home services, addressing a wide range of everyday technology needs.
Companies valued at more than $10 billion are generally considered "large-cap" stocks, and Best Buy fits this criterion perfectly. Best Buy operates more than 1,000 stores across the United States and Canada and employs more than 85,000 people.
Here's Another Little-Known Firm Jensen Huang's Nvidia Is Quietly Backing
MediaTek Is Stepping Up Competition Against Qualcomm With a New 2-Nanometer Chip. What This Means for QCOM Stock.
1 Year Into the Microsoft Deal, IREN Is Delivering and a Rally May Follow Soon

#stores #known

When Christmas rolls around, my wife puts out a very small tree and some stuffed ornaments we bought a few years ago at Target. That's a pretty modest approach to decorating for the holidays compared to many of our neighbors.
At the house we just moved out of, some homes added tasteful lights, others opted for religious displays, and a few opted for a whole lot of inflatables. In some cases, the spending was significant, although many of the items were reused year after year.
Decorations are a small but meaningful part of holiday spending.
Americans planned to spend an average of $1,172 on travel, $632 on gifts, $351 on entertaining, and $227 on decorations, according to a BMO survey conducted before the 2024 holiday season.
Getting those items may be more of a challenge this year, as Gordon Companies, which runs a number of Christmas-themed websites and lists Target, Kohl's, Home Depot, Walmart, Amazon, Lowe's, and Michaels as retail partners, has filed for Chapter 11 bankruptcy.

#christmas #decorations #opted #items

On September 9, 2026, Chewy, Inc. (NYSE:CHWY) reported fiscal second-quarter net sales of $3.33 billion, up 7.3% year over year, and adjusted earnings per share of $0.36, nearly double the roughly $0.18 ******* ysts had expected, prompting the company to raise its full-year revenue and profitability outlook. CEO Sumit Singh said the broader pet market did not meaningfully recover during the quarter but also did not deteriorate further, with Chewy continuing to outperform the category by two to three times through share gains across its established and newer businesses.
Chewy, Inc. (NYSE:CHWY)'s recurring revenue base is solid. It gives the company greater visibility into future sales. Autoship sales jumped by 9.3% year over year to $2.82 billion and represented 84.6% of total net sales. The growing contribution from subscription-based purchases gives Chewy a more predictable revenue stream and reduces its exposure to fluctuations in discretionary pet spending.
Chewy is also building growth engines beyond its core retail business. Chewy Health, which includes veterinary care and pharmacy services, delivered triple-digit revenue growth. Specialty categories such as equine and exotics recorded a seventh consecutive quarter of mid-double-digit growth. These businesses give Chewy additional opportunities to increase customer spending and diversify its sources of revenue as the overall pet market matures.
Chewy is combining customer growth with stronger profitability and shareholder returns. The firm added 208,000 net active customers during the quarter. It takes its customer base to 21.7 million while returning $200 million to shareholders through share repurchases. Management also noted structural SG&A leverage, automation, and AI-driven cost reductions as contributors to margin expansion. It shows that Chewy can improve earnings while investing in customer acquisition and growth.
Part of Chewy, Inc. (NYSE:CHWY)'s profitability improvement came from benefits that may not recur. CFO Chris Deppe said the quarter's profitability upside included about $10 million from timing benefits and more than $5 million from discrete benefits. Those items boosted the latest results but do not provide a recurring earnings contribution. It means investors may need to lower their expectations for the pace of margin expansion in future quarters.

#customer

On September 9, 2026, Reuters reported that CEO Brian Niccol's first two years as Starbucks Corporation (NASDAQ:SBUX) CEO have succeeded in bringing customers back to the coffee chain. Comparable sales rose 7.9% in the fiscal third quarter for a fourth straight quarter of improvement, but his "Back to Starbucks" restructuring has raised costs and squeezed margins along the way. Global operating margin has fallen to 12.9% from 15.8% two years earlier. Niccol, who marks his second anniversary in the role, now faces pressure to convert the sales recovery into the sustainable profit growth investors are demanding.
Niccol's turnaround strategy has already restored customer momentum at Starbucks Corporation (NASDAQ:SBUX). The "Back to Starbucks" strategy reversed six consecutive quarters of declining comparable sales as the company focused on reducing wait times, simplifying menus, improving store ambiance, and increasing staffing. Starbucks has moved beyond the sales deterioration that preceded Niccol's tenure. It gives investors a stronger foundation for the next phase of the turnaround. If management can sustain traffic gains while improving productivity, the sales recovery could provide a path toward stronger earnings growth.
The China joint venture with Boyu Capital gives Starbucks a more capital-efficient way to participate in China's growth. Starbucks sold control of its China retail operations to Boyu. It retained a 40% stake and continues to own and license its brand and intellectual property. The structure reduces Starbucks' direct capital requirements while allowing it to retain economic exposure to the Chinese market. Reuters cited ****** ysts who said the arrangement leaves Starbucks well positioned to convert stronger organic sales growth into profit growth, which could support returns as the recovery progresses.
Starbucks now has an opportunity to turn its customer investments into margin expansion. The firm committed at least $500 million toward labor as part of the restructuring. Niccol prioritized staffing and store improvements to rebuild the customer experience. That spending helped help the sales recovery. But it also pushed global operating margins down to 12.9% from 15.8% over two years. With sales now improving, management can focus more heavily on productivity, cost control, and operating leverage. It creates an opportunity for stronger earnings if it can improve margins without damaging customer traffic.
Labor tensions could undermine Starbucks Corporation (NASDAQ:SBUX)' recovery and keep costs elevated. Starbucks has yet to reach a first contract with its U.S. barista union. The union called for a consumer boycott in August. Negotiations or labor actions could disrupt store operations, increase labor costs, and create reputational pressure just as Starbucks tries to improve profitability. Therefore, investors face a risk that labor issues could offset some of the productivity gains management needs to expand margins.

#

For months, economists and retailers have warned about the financial strain facing lower- and middle-income consumers. Higher earners, on the other hand, have largely been sheltered from the effects of the rising costs of living.
But that may be changing.
A growing number of CEOs and industry insiders, from retailers as varied as Walmart and ThredUp, have said they're seeing shifts in the behavior of consumers earning $100,000 a year or more.
Dollar General's CEO Todd Vasos is the latest to join that growing chorus.
Speaking at the Goldman Sachs Global Consumer and Retail conference, Vasos said it's no longer the chain's core consumer base (low- and middle-earners) who are feeling the financial strain.

#Consumer #strain #higher

Anthropic's initial public offering (IPO) appears to be on pace to take place in late October or early November. Right now, it is difficult for retail investors to get a stake in the artificial intelligence (AI) giant, which is one of the fastest-growing businesses in the world.
But there is an investment you could make that would get you sizable indirect exposure to Anthropic ahead of its listing. Zoom Communications (NASDAQ: ZM), the leading cloud video conferencing company, bought a stake in Anthropic back in May 2023, and that investment could now be worth billions.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ***** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Let's see whether that makes Zoom stock a buy right now.
Zoom made a $51 million investment in Anthropic in May 2023, and that has turned out to be one of the smartest decisions the company has ever made (maybe even smarter than its choice to go public right before the pandemic).

#investment #missed

On September 14, NextEra Energy, Inc. (NYSE:NEE) and Dominion Energy, Inc. (NYSE:D) announced a "transformational" Virginia benefits package to address concerns regarding their proposed $66.8 billion merger. The Virginia supplier program, worth up to $1 billion annually ‌for five years, will direct spending toward contractors, suppliers, and service providers in the state.
Additionally, the companies also proposed doubling residential bill credits to four years, protecting retail customers from grid costs tied to Northern Virginia's rapidly expanding AI data centers, and committing $100 million toward directly supporting workforce development in the Commonwealth. NextEra also stated that it plans to add 600 new energy jobs in Virginia, while expecting suppliers to create another 400 positions.
The updated package comes after the proposed merger attracted a great deal of political scrutiny due to the impact it can have on everyday consumers. Virginia Governor Abigail Spanberger also stated last month that she would formally intervene in the regulatory review to press for commitments on electric bill affordability, job protections, and clean-energy investments.
John Ketchum, Chairman, President, and CEO of NextEra Energy, commented:
"This is a Virginia-first package, and it starts with customers. We are proposing to double residential bill relief from two years to four years, along with expanded low-income financial ******* istance and long-term affordability benefits. We are also reaffirming our support for the State Corporation Commission, Governor and General ******* embly's efforts to protect residential and small business customers from costs ******* ociated with serving data centers. Just as important, this package would help Virginia build more of the clean energy and infrastructure it needs faster, so the Commonwealth can reduce its reliance on expensive imported power. And it would do that while positioning Virginia as a major energy leader, bringing NextEra Energy jobs, good-paying supplier jobs, workforce investment, economic development and national-scale energy technology and innovation to Virginia. This is the kind of customer-focused, job-creating package this combination makes possible."

#energy #years #Jobs

On August 10, Simon Property Group (NYSE:SPG) reported results for the three months through June 30 and raised its full-year profit outlook once again. Real estate funds from operations (FFO), a cash-flow measure suited to landlords, hit $3.29 per share. Tenants are earning more from their stores, and management is confident enough to lift its guidance again. Yet the professionals who own the stock are heading the other way.
Start with the tenants, because they pay the rent. Reported retailer sales reached $838 per square foot over the year through June 30, up from $736 a year earlier, on June 30, 2025. Stronger sales tend to make higher rent easier to swallow, and base minimum rent per square foot did climb to $62.42 from $58.70.
That demand flowed through to profit. Real estate FFO rose to $3.29 per diluted share from $3.05, and net operating income at Simon's domestic properties grew 8.5%. Management responded by lifting its full-year real estate FFO range to $13.20 to $13.30 per share, moving the midpoint up by $0.08.
Shareholders get paid while they wait. The board declared a third-quarter dividend of $2.25 per share, $0.10 more than a year ago, to be paid on September 30 to anyone on the books by September 9. Simon also put $211.4 million into buying back stock at an average of $205.10 per share, and it finished June with about $9.3 billion of liquidity.
Now the less flattering side. Net income for common stockholders was $483.1 million, or $1.49 per diluted share, versus $1.70 a year earlier. The 2025 quarter included a non-cash gain of $0.21 per share from investment activity, which flatters that comparison. Still, plain FFO followed the same path, slipping to $3.12 from $3.15.

#Share #year #june #estate