4 Consumer Stock Stories For Monday Perusal
The Walt Disney Company (NYSE:DIS): Closing price $63.80
Disney has raised single-day admission prices by up to 9.6 percent at its theme parks in Florida and California, fitting a trend of yearly hikes at its popular resorts in the United States. From Sunday, a one-day entry to Disney’s Magic Kingdom at the Walt Disney World resort in Orlando increased to $95 from $89 for people ages 10 and older, representing a 6.7-percent jump. At Disneyland in Anaheim, the price of a single-day pass to one of two parks went to $92 from $87, marking a 5.7-percent increase, while a park hopper ticket that permits entry to both Anaheim parks on the same day jumped by 9.6 percent to $137.
The Gap (NYSE:GPS): Closing price $40.55
As it follows its worldwide growth strategy, on Monday Gap said that it will introduce the Gap brand to Paraguay and Hungary via new arrangements with existing franchise partners Neutral for Paraguay and Gottex Brands in Hungary. Beyond that, the company reported plans to launch the first stand-alone Banana Republic stores in Mexico later in 2013. By the end of this year, Gap expects to be in eight Latin American countries, among which include Chile, Panama, Colombia, Mexico, Uruguay, Paraguay, Peru and Brazil, with expectations to add a brand presence in Costa Rica in the near term.
Amazon.com (NASDAQ:AMZN): Closing price $266.88
Employees at Amazon.com’s German facilities were poised to go out on strike Monday, marking the third day-long walkout in as many weeks, as part of a disagreement over pay and benefits. The Verdi union has asked workers to commence the stoppage at Amazon’s logistics centers in Bad Hersfeld and Leipzig from 4:00 a.m. and 4:30 a.m. Greenwich Mean Time, respectively. Amazon employs approximately 9,000 people in Germany and has been criticized by Verdi for refusing to implement a collective agreement on employment conditions that is equal to those of other mail order and retail firms.
Canadian Pacific Railway Limited (NYSE:CP): Closing price $131.87
CP spokesman Ed Greenberg reported that a rail car derailed, and as a result struck a trestle bridge near the community of Wanup in Ontario, east of Sudbury. Greenberg said that there is no indication that the derailment on Sunday poses a danger to the public or the environment. Images of the scene showed the bridge fallen, and several cars carrying containers fell into the Wahnapitae River. Greenberg also says that a preliminary inspection of the containers indicates that no materials or products pose any danger.
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