Tag #Retail

Showing 109 to 120 of 392 results

npr.org

🌐 75% Global Worthiness

Apr 7, 13:16

US Tariffs Cripple Small Businesses

President Trump's tariffs on Chinese imports are financially harming many small American businesses, such as Sarah Wells Bags, forcing them to pay more for goods and potentially raise prices or close, despite efforts to source goods domestically.

US Tariffs Cripple Small Businesses

President Trump's tariffs on Chinese imports are financially harming many small American businesses, such as Sarah Wells Bags, forcing them to pay more for goods and potentially raise prices or close, despite efforts to source goods domestically.

Progress

52% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

Why is the expectation that tariffs will boost American manufacturing proving unrealistic for many small businesses?

The tariffs are causing widespread issues for small businesses, leading to cutbacks in hiring, product development, and potentially store closures. This is despite President Trump's argument that tariffs would boost American manufacturing; however, many business owners, like Wells, found that U.S. manufacturing is significantly more expensive and still relies on imported materials from China. This is exemplified by the price difference between $400 American-made work boots and imported alternatives costing half as much.",

abcnews.go.com

🌐 85% Global Worthiness

Apr 4, 22:14

Trump Tariffs to Hike Prices on Consumer Goods

President Trump's newly announced tariffs are expected to increase prices on various goods in the coming months, with fresh produce potentially rising within one month, packaged foods and alcohol within three months, and clothing, appliances, and cars within six months; retailers will decide whether...

Trump Tariffs to Hike Prices on Consumer Goods

President Trump's newly announced tariffs are expected to increase prices on various goods in the coming months, with fresh produce potentially rising within one month, packaged foods and alcohol within three months, and clothing, appliances, and cars within six months; retailers will decide whether...

Progress

36% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the long-term economic implications of these tariffs, considering their impact on inflation and small businesses' ability to compete?

The tariffs could exacerbate existing economic challenges, such as inflation and the recent bird flu impacting egg prices. Small businesses, particularly restaurants, will be disproportionately affected by rising food costs. Forward-thinking consumers may benefit from purchasing big-ticket items before prices increase.

dailymail.co.uk

🌐 85% Global Worthiness

Apr 3, 22:15

Trump's Tariffs to Hike Clothing Prices in US

President Trump's new tariffs on apparel imports from Vietnam, Cambodia, Bangladesh, China, and Indonesia, ranging from 32% to 46%, will drastically increase clothing prices in the US, impacting major brands and potentially accelerating the closure of retail stores.

Trump's Tariffs to Hike Clothing Prices in US

President Trump's new tariffs on apparel imports from Vietnam, Cambodia, Bangladesh, China, and Indonesia, ranging from 32% to 46%, will drastically increase clothing prices in the US, impacting major brands and potentially accelerating the closure of retail stores.

Progress

52% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

How will the lack of domestic clothing manufacturing capacity in the US exacerbate the effects of the new tariffs?

The tariffs, intended to boost US manufacturing, are expected to generate $26 billion in duties for apparel alone. However, US clothing production is minimal, with only around 26,000 sewing machine operators, insufficient to meet domestic demand. This creates a difficult situation for clothing companies, forcing them to either absorb increased costs or pass them on to consumers already facing inflation.

lemonde.fr

🌐 65% Global Worthiness

Apr 3, 22:14

GiFi Cuts 300 Jobs, Closes 11 Stores Amidst Restructuring

French retailer GiFi, financially restructured in January 2024, announced on April 3rd a plan to cut 5% of its 6,000-person workforce and close 11 stores, impacting 302 employees, due to competition and internal issues, despite a debt write-off of €470 million from banks.

GiFi Cuts 300 Jobs, Closes 11 Stores Amidst Restructuring

French retailer GiFi, financially restructured in January 2024, announced on April 3rd a plan to cut 5% of its 6,000-person workforce and close 11 stores, impacting 302 employees, due to competition and internal issues, despite a debt write-off of €470 million from banks.

Progress

36% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What is the immediate impact of GiFi's restructuring plan on its employees and store network?

GiFi, a French retail chain, announced a restructuring plan including a 5% workforce reduction (300 employees) and the closure of 11 out of 570 stores. This follows a financial restructuring in January 2024, where banks wrote off €470 million in debt in exchange for equity.

elpais.com

🌐 75% Global Worthiness

Apr 1, 10:17

Leroy Merlin's Record Sales in Spain: €3.59 Billion in 2024

Leroy Merlin, a French home improvement retailer owned by the Mulliez family, reported record sales of €3.59 billion in Spain in 2024, a 56% increase since the pandemic, driven by a booming real estate market and the DIY trend; the company plans further expansion with 11 new stores by 2027.

Leroy Merlin's Record Sales in Spain: €3.59 Billion in 2024

Leroy Merlin, a French home improvement retailer owned by the Mulliez family, reported record sales of €3.59 billion in Spain in 2024, a 56% increase since the pandemic, driven by a booming real estate market and the DIY trend; the company plans further expansion with 11 new stores by 2027.

Progress

52% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What factors contributed to Leroy Merlin's record-breaking sales in Spain in 2024, and what are the immediate implications for the company?

Leroy Merlin, a French company owned by the Mulliez family, achieved record sales of €3.59 billion in Spain in 2024, a 56% increase since the pandemic. This success is attributed to a booming real estate market and the rise of DIY projects fueled by social media. The company's financial results include a net income of €156 million.

theglobeandmail.com

🌐 75% Global Worthiness

Mar 29, 01:13

SRTX Secures $40 Million in Down Round Financing, CEO to Step Down

SRTX Inc., maker of Sheertex tights, secured a $40-million down round financing led by H&M and Canadian Crown corporations, valuing the company at approximately US$135 million, significantly less than its 2022 valuation, resulting in substantial dilution for non-participating shareholders and the de...

SRTX Secures $40 Million in Down Round Financing, CEO to Step Down

SRTX Inc., maker of Sheertex tights, secured a $40-million down round financing led by H&M and Canadian Crown corporations, valuing the company at approximately US$135 million, significantly less than its 2022 valuation, resulting in substantial dilution for non-participating shareholders and the de...

Progress

48% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the long-term implications of this financing round for SRTX Inc.'s financial health, strategic direction, and overall growth trajectory?

This financing, while securing SRTX's short-term survival, may hinder its long-term prospects. The significant dilution of existing shareholders and the lower valuation compared to previous rounds raise concerns about future fundraising efforts. The company's focus on cost reduction and expansion into wholesale channels will be critical for achieving profitability and fulfilling ambitious sales targets.

kathimerini.gr

🌐 75% Global Worthiness

Apr 5, 13:18

Aging Workforce Cripples Greek Retail Sector

According to the Hellenic Confederation of Commerce and Entrepreneurship's 2024 Annual Report, the average age of Greek retail employees has risen from 38.9 years in 2008 to 42.8 years in 2024, with fewer young people entering the sector and part-time employment falling below 7 percent.

Aging Workforce Cripples Greek Retail Sector

According to the Hellenic Confederation of Commerce and Entrepreneurship's 2024 Annual Report, the average age of Greek retail employees has risen from 38.9 years in 2008 to 42.8 years in 2024, with fewer young people entering the sector and part-time employment falling below 7 percent.

Progress

32% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

How has the decline in part-time employment in retail since 2020 affected the sector's ability to attract and retain employees?

This aging workforce is linked to broader economic and demographic challenges in Greece. The retail sector's role as an entry point for young workers is diminishing due to transformations within the industry and wider difficulties in hiring. The decline in part-time employment, now below 7%, further underscores this shift, contrasting with a period of significant growth during the 2008 financial crisis when unemployment soared.

nbcnews.com

🌐 85% Global Worthiness

Apr 4, 04:11

Trump's Tariffs to Disproportionately Harm Low-Income Americans

President Trump's sweeping tariffs, exceeding 40% on goods from Vietnam, Sri Lanka, and Cambodia and over 70% on Chinese goods, will disproportionately harm lower-income Americans by raising prices on necessities and potentially causing a recession.

Trump's Tariffs to Disproportionately Harm Low-Income Americans

President Trump's sweeping tariffs, exceeding 40% on goods from Vietnam, Sri Lanka, and Cambodia and over 70% on Chinese goods, will disproportionately harm lower-income Americans by raising prices on necessities and potentially causing a recession.

Progress

44% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How do the increased tariffs on imported goods affect various sectors of the economy, particularly retail and manufacturing?

This regressive tax increases prices on consumer goods imported from countries like Vietnam and China, where many low-cost items originate. Because lower-income individuals spend a larger portion of their income on necessities, they are more vulnerable to these price increases.

theglobeandmail.com

🌐 75% Global Worthiness

Apr 3, 16:15

Dollarama to Accelerate Store Openings Amid Economic Uncertainty

Dollarama Inc. announced plans to accelerate its Canadian store openings to 70-80 net new locations by early 2026 due to increased consumer demand for affordable products amid economic uncertainty; the company reported a 21 percent jump in fourth-quarter profits and a 15 percent dividend increase.

Dollarama to Accelerate Store Openings Amid Economic Uncertainty

Dollarama Inc. announced plans to accelerate its Canadian store openings to 70-80 net new locations by early 2026 due to increased consumer demand for affordable products amid economic uncertainty; the company reported a 21 percent jump in fourth-quarter profits and a 15 percent dividend increase.

Progress

36% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the long-term implications of Dollarama's success for the Canadian retail landscape and consumer behavior?

Dollarama's success highlights a shift in consumer behavior towards value-driven shopping. Their expansion plans suggest a sustained trend of consumers prioritizing affordability over other factors. This could indicate a prolonged period of cautious consumer spending and increased competition in the discount retail sector.

china.org.cn

🌐 85% Global Worthiness

Apr 2, 10:18

China to Develop Five Cities into Global Consumption Centers

China plans to transform Shanghai, Beijing, Guangzhou, Tianjin, and Chongqing into global consumption centers by attracting international brands, expanding visa-free entry, and increasing tax refund stores, aiming to boost domestic demand and promote high-standard opening-up.

China to Develop Five Cities into Global Consumption Centers

China plans to transform Shanghai, Beijing, Guangzhou, Tianjin, and Chongqing into global consumption centers by attracting international brands, expanding visa-free entry, and increasing tax refund stores, aiming to boost domestic demand and promote high-standard opening-up.

Progress

40% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

How does China's plan to boost consumption connect to its broader economic and international relations strategies?

The initiative connects to China's broader economic strategy of expanding domestic consumption and promoting high-standard opening-up. Specific actions include visa-free entry expansion, tax refund store increases, and supporting events like fashion weeks.

dailymail.co.uk

🌐 75% Global Worthiness

Mar 30, 04:11

Morrisons Closes In-Store Services Amidst Private Equity Ownership Concerns

Morrisons, acquired by CD&R in 2021, closed 52 cafes, 13 florists, and other services, impacting jobs and raising concerns about the future of its unique model, despite strong recent sales growth and debt reduction efforts via asset sales.

Morrisons Closes In-Store Services Amidst Private Equity Ownership Concerns

Morrisons, acquired by CD&R in 2021, closed 52 cafes, 13 florists, and other services, impacting jobs and raising concerns about the future of its unique model, despite strong recent sales growth and debt reduction efforts via asset sales.

Progress

64% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the immediate consequences of Morrisons' recent closures of in-store services, and how do these actions affect its brand image and customer perception?

Morrisons, a UK supermarket chain, closed 52 cafes, 13 florists, and numerous other in-store services. This follows a £7 billion acquisition by Clayton, Dubilier & Rice (CD&R) in 2021, raising concerns about the impact of private equity ownership on the company's operations and brand identity. The closures led to job losses and raised questions about the long-term viability of Morrisons' unique business model.

theguardian.com

🌐 65% Global Worthiness

Mar 29, 13:19

Søstrene Grene's UK Expansion: A Nordic Success Story Amidst High Street Challenges

Danish retailer Søstrene Grene is rapidly expanding its UK presence, aiming for 100 stores by 2027, capitalizing on lower post-pandemic rents and attracting shoppers with affordable, unique homewares in a model that benefits other nearby businesses.

Søstrene Grene's UK Expansion: A Nordic Success Story Amidst High Street Challenges

Danish retailer Søstrene Grene is rapidly expanding its UK presence, aiming for 100 stores by 2027, capitalizing on lower post-pandemic rents and attracting shoppers with affordable, unique homewares in a model that benefits other nearby businesses.

Progress

12% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What is the significance of Søstrene Grene's expansion in the UK, considering the current economic climate and retail landscape?

Søstrene Grene, a Danish homewares retailer, is expanding rapidly in the UK, opening a new store in London near Ikea and aiming for 100 stores by 2027. This expansion is fueled by lower rents due to the pandemic and Brexit, and the retailer is finding success in smaller cities.

Showing 109 to 120 of 392 results