Continued e-commerce momentum as well as businesses favoring dedicated cargo air travel due to unreliable passenger air service make Cargojet relatively immune to a potential economic downturn, Canadian carrier executives said. freight. Cargojet (TSX: TCJ) operates an air freight network between major Canadian cities carrying shipments for Amazon, Canada Post,Read More →
Rising levels of inflation could be a global concern, but a slowdown in consumer spending is forcing retailers to make deep price cuts on existing inventory. And while that’s good news for the average consumer, there’s no doubt that unexpected price cuts will negatively impact the bottom line. CNN reportedRead More →
Alexandria, Virginia, July 26. 2022 (GLOBE NEWSWIRE) — Whether it’s inflation, excess inventory or supply chain issues, retailers are in a precarious position with a glut of merchandise that can’t be sold. Many of the world’s best-known retailers work with Bon360, the global leader in product philanthropy and targeted giving,Read More →
Walmart ended the last quarter with a 32% increase in inventory, which forced stores to need more space. Employees describe nearly impassable back rooms filled with pallets and outdoor storage trailers. Industry analysts say the retailer will have to scour inventory for months until 2023. After ending the last quarterRead More →
With nothing more than a quick glance at industry headlines, it would be easy to conclude that most retailers are in trouble. Target In last month’s first-quarter earnings report, shareholders warned that “additional markdowns, removal of excess inventory and cancellation of orders” would reduce second-quarter profit margin rates to aroundRead More →
Prologis co-founder and CEO Hamid Moghadam on Monday aimed to dispel some of what he called “major market myths” as the property giant raised its forecast for the year amid demand continues for its industrial properties. Related Articles At the top of that list of misconceptions the CEO mentioned duringRead More →
In 2019, Keaunna Figgers launched their Colorado C-21 Project clothing line. She has Down syndrome and designs shirts and accessories that raise awareness and educate people about Down syndrome. Then in 2020, the COVID pandemic changed the world, and like many small businesses, Keaunna’s business struggled. “I’m not doing veryRead More →
Major League Wrestling continues to take action on merchandise. MLW revealed today via ComicBook.com that they have negotiated a new licensing agreement with Hot Topic to have their merchandise available at the main retail outlet. “This partnership with Hot Topic is another step in our continued alignment with the hottestRead More →
Big retailers like Target, as well as luxury outlets, are making big sales. This is because they have a backlog of pandemic-era products that they need to unload. Now that shoppers have shifted focus, retailers need to make room for travel goods and back-to-school supplies. Loading Something is loading. ARead More →
A customer buys shirts at an American Eagle Outfitters store in San Francisco. David Paul Morris | Bloomberg | Getty Images Excess inventory has accumulated in many retailers’ warehouses and stores. But buyers always pay more when they freshen up the closet. Clothing prices increased by 0.8% in June fromRead More →
Liquidated Inventory Sales Services The latest proficient intelligence report released by WMR under the title “Increasing Demand and Opportunity for Global Liquid Inventory Sales Services Market 2022” provides a sorted picture of Inventory Sales Services industry liquid through the analysis of research and information collected from various sources that haveRead More →
Chattanooga-(WDEF-TV) Merchandise sales are a staple for minor league baseball teams like the Chattanooga Lookouts, but that wasn’t always the case.Now that’s big business for Lookouts, which sell just about anything. Minor league baseball souvenir shops haven’t always looked like this.Ask Lookouts Managing Director Rich Mozingo.Mozingo said, “My first jobRead More →
By Kathryn Hardison PriceSmart Inc. said its fiscal third-quarter profit fell as the company dealt with continued supply chain disruptions and shifts in consumer demand that left it with excess inventory. The owner and operator of commercial warehouse clubs in Latin America and the Caribbean said third-quarter net income wasRead More →
Target (TGT) – Get the target company report has seen its sales increase steadily since the start of the pandemic until now. The chain strengthened its already strong relationship with customers during the darkest days of covid and spent wisely to scale its business to adapt to changes in theRead More →
Lokibaho/Getty Images A number of analysts recently downgraded Kohl’s following the company’s July 1 announcement that talks had ended to sell its business to Vitamin Shoppe owner Franchise Group (FRG). The downgrade is also due to weak consumer demand linked to inflation and other concerns. Shares of Kohl’s were relativelyRead More →
Last week I saw a headline from the Washington Post stating Michael Burry’s ‘Bullwhip’ Tweet Deserves Serious Attention. Michael Bury (@michaeljburry) is best known as the hedge fund manager portrayed by Christian Bale in the film “The big court.” His track record rightly gathers many followers on Twitter – 895,000Read More →
Photo: akamakis (Shutterstock) For more than two years there has been no shortage of wells, shortages. Of toilet paper and hand sanitizer at the start of the COVID-19 pandemic, for baby formula and buffers now supply chain issues and labor shortages have made some essentials hard to find. But asRead More →
British group Frasers has acquired a 28.7% stake in online fashion market MySale. In a filing with the London Stock Exchange, the company said its investment would create a clearance channel for the stocks. “This creates an opportunity for a strategic partnership through which the Group’s end-of-line products can beRead More →