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Walgreens Warns: People Have Suddenly Stopped Coming

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Manage episode 426086722 series 2679639
Content provided by Jeff Snider. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jeff Snider or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Retail and Pharmacy giant Walgreens now says there won't be a second half rebound after all, not according to its view of the consumer economy. It was seconded by Levi's and then European behemoth H&M. All of that ties together with a record low in US pending home sales and a summer driving season that's already an enormous bust as recession forces bear down.

Eurodollar University's Money & Macro Analysis

NBCNews Walgreens plans store closures as CEO says consumers 'stunned' by prices
https://www.nbcnews.com/business/business-news/walgreens-plans-store-closures-ceo-says-consumers-stunned-prices-rcna159208

CNBC Levi’s shares drop 15% as jeans maker’s sales disappoint despite denim craze
https://www.cnbc.com/2024/06/26/levi-levi-earnings-q2-2024.html

CNBC H&M plunges 13% on doubts over full-year margin target, June sales outlook
https://www.cnbc.com/2024/06/27/hm-plunges-12point5percent-on-doubts-over-full-year-margin-target-june-sales-outlook.html

Bloomberg US Pending Home Sales Index Slides to Record Low on High Rates
https://www.bloomberg.com/news/articles/2024-06-27/us-pending-home-sales-index-slides-to-record-low-on-high-rates

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Eurodollar University's Anniversary Webinar: The Fundamentals of Interest Rates over the Next 12 months.
Sign up below:
https://event.webinarjam.com/channel/rates

  continue reading

828 episodes

Artwork
iconShare
 
Manage episode 426086722 series 2679639
Content provided by Jeff Snider. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jeff Snider or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Retail and Pharmacy giant Walgreens now says there won't be a second half rebound after all, not according to its view of the consumer economy. It was seconded by Levi's and then European behemoth H&M. All of that ties together with a record low in US pending home sales and a summer driving season that's already an enormous bust as recession forces bear down.

Eurodollar University's Money & Macro Analysis

NBCNews Walgreens plans store closures as CEO says consumers 'stunned' by prices
https://www.nbcnews.com/business/business-news/walgreens-plans-store-closures-ceo-says-consumers-stunned-prices-rcna159208

CNBC Levi’s shares drop 15% as jeans maker’s sales disappoint despite denim craze
https://www.cnbc.com/2024/06/26/levi-levi-earnings-q2-2024.html

CNBC H&M plunges 13% on doubts over full-year margin target, June sales outlook
https://www.cnbc.com/2024/06/27/hm-plunges-12point5percent-on-doubts-over-full-year-margin-target-june-sales-outlook.html

Bloomberg US Pending Home Sales Index Slides to Record Low on High Rates
https://www.bloomberg.com/news/articles/2024-06-27/us-pending-home-sales-index-slides-to-record-low-on-high-rates

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Eurodollar University's Anniversary Webinar: The Fundamentals of Interest Rates over the Next 12 months.
Sign up below:
https://event.webinarjam.com/channel/rates

  continue reading

828 episodes

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