Companies across industries have begun issuing new fees in response to U.S. tariffs. And with those fees, The Wall Street Journal (WSJ) reported Sunday (April 13), comes a message: Please don’t blame us. In some cases, the report said, these businesses are adding flat fees,...
Discount retail chain Five Below reportedly suspended cargo shipments from China due to the trade war between the country and the U.S. A shipping company used by the retailer told suppliers that Five Below suspended its cargo shipments, that no containers should be delivered to...
When Walmart, the largest retailer in the U.S., abruptly withdrew its first-quarter operating income guidance last week, the message was unmistakable: the tariff storm is shaking the foundations of retail planning. The announcement, citing the need to maintain pricing flexibility amid newly implemented tariffs, is...
Walmart’s warehouse club business, Sam’s Club, reportedly plans to open 15 stores per year, saying its ability to save customers money is even more relevant in uncertain times. The retailer’s plan for new stores marks an acceleration, as it said two years ago that it...
New tariffs on low-value packages from China could hinder the plans of Shein and Temu. As the Financial Times (FT) reported Wednesday (April 9), the White House has upped duties on those packages to 90% of their value, or a flat fee of $75 that would increase...
Levi Strauss & Co. said it saw better-than-expected financial results in the first quarter as it continued to increase its focus on the direct-to-consumer (D2C) business. At the end of the quarter, the D2C business accounted for 52% of the apparel company’s total global net...
Best Buy has debuted a platform that lets creators and influencers collaborate with the retailer. The company announced its Best Buy Creator program Tuesday (April 8) in conjunction with Best Buy Storefronts, a “curated shopping experience” where customers can shop tech from their favorite influencers and creators. “Storefronts...
Inventory keeps retailers in business. Inventory keeps consumers loyal to their preferred to merchants. Inventory makes impulse buying possible and keeps sales flowing. Inventory has also, for a long time, been a bit of a hit-or-miss proposition — merchants might have too much stock on...
For retailers and merchants, payments are no longer just a “check the box” exercise. As the world evolves and shopper expectations continue to mature, businesses are increasingly relying on payment processors and merchant acquirers, not only for the bread-and-butter services of transaction processing but also...
