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American Retail Giant Notices Change in Customer Behavior Historically Signaling Recession

Consumer behavior could portend a looming recession, according to a top executive at Costco. During a call with investors on Thursday, Chief Financial Officer Richard Galanti said a trend is emerging that shoppers will pass on buying red meat, but instead buy lower-priced pork or chicken. In the past, this...

Consumer behavior could portend a looming recession, according to a top executive at Costco. During a call with investors on Thursday, Chief Financial Officer Richard Galanti said a trend is emerging that shoppers will pass on buying red meat, but instead buy lower-priced pork or chicken. In the past, this…

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