News of New York

IKEA's $1.1 Billion Strategy: Slashing Prices Amid Global Deflation for Crisis Resilience
29 November 2023
3542
The IKEA Effect For those accustomed to frequent shopping, the recent years may have involved skillful navigation through store aisles and bracing for potential price increases on beloved items like sandwiches, eggs, or home decor. Encouragingly, a ...
U.S. Trucking Companies Expect Reversal of Freight Slump After Tough Quarter
28 August 2023
3797
Shipping Shifts The U.S. trucking industry anticipates a rise in freight demand in the second half of the year, despite a quarter of lower profits due to decreased package volumes. Executives and analysts are optimistic about a positive shift ahead....
Foot Locker to close over 400 under-performing stores in mall overhaul
22 March 2023
3797
Stores of the sport clothes Foot Locker, the popular sports apparel and footwear retailer, recently announced its decision to shut down more than 400 under-performing stores located in shopping malls over the text three years. This is...
Costco restricts purchases of paper goods, water and key items amid supply chain delays
24 September 2021
5343
Purchase restrictions Costco has confirmed that it will begin to reduce purchases of basic household items after delays in the supply chain, which is a complete storm for many retailers. Costco CFO Richard Gallanti said: "W...
FedEx report reveals supply chain problem and rising labor costs
22 September 2021
3761
The state of the company's stock FedEx (FDX) shares fell 4.4% in after-hours trading after its financial report. The second US delivery company lowered its profit forecast for fiscal 2022 and said rising labour costs an...
FedEx and UPS make online shopping more expensive
21 September 2021
3820
The price of delivery Delivery tariffs are rising faster than they have in nearly a decade, increasing pressure on merchants to raise prices or find other ways to offset higher costs. FedEx Corp on Monday said delivery rates will rise by an average...
US retail sales set a record in March
17 April 2021
5081
Economic recovery Record high retail sales in March and sharply lower jobless claims in the USA show strong positive momentum from mass vaccination in the country, reduced quarantine restrictions and government incentives with direct ...
Retailers in the U.S. expect massive returns of the purchases bought online
26 December 2020
3263
Online shopping returns With the New Year just days away and US shoppers hiding gifts under the tree, retailers are preparing for a record-breaking return of gifts bought online during the recent major coronavirus outbreak, writes Yahoo Finance. If...
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