Extreme grocery prices in rural Alaska shock TikTok: '$18 for milk'
TikTok user @emilyinalaska_ posted a video last week showcasing “Grocery prices in rural Alaska.” The video has been viewed 2.4 million times.
Berkshire's Charlie Munger backs Costco against Amazon: Costco will be 'huge internet player'
Berkshire Hathaway vice-chairman Charlie Munger claimed Costco could become a "huge internet player," posing a major threat to juggernaut Amazon.
CBP seizes $30M in fake Gucci, Chanel, Louis Vuitton products from China
U.S. Customs and Border Protection says it has seized more than $30 million in fake designer products like Gucci, Chanel and Louis Vuitton that had been shipped from China.
Inflation and shortages dominate Christmas tree shopping this holiday season
Even Christmas trees aren’t immune to the pandemic-induced shortages and inflation plaguing the economy.
Kroger managing inflation with select price increases
The select price hikes come as Kroger beat Wall Street estimates for the third quarter, reporting total sales of $31.9 billion in the third quarter, compared to $29.7 billion for the same period last year.
Psaki says root cause of organized retail crime is the COVID-19 pandemic
White House press secretary Jen Psaki said Thursday the root cause of the spike in organized retail crime is the COVID-19 pandemic, saying the Biden administration is working with a number of communities across the nation to “crack down” on crime in those neighborhoods.
New Balance finds its footing with products made in the USA
New Balance COO says the company has avoided global supply chain disruptions by focusing on US-based production.
Retail expert warns malls will see 'ice age' and ‘Darwinian destruction’ if they don’t reinvent themselves
Strategic Resource Group managing director Burt Flickinger discusses the future of shopping malls in America.
New Balance exec: US supply chain is ‘reliable’ amid global challenges
New Balance COO Dave Wheeler argues the pandemic has highlighted the importance of domestic manufacturing.
Retail expert discusses how inflation, crime impacts the industry
Strategic Resource Group managing director Burt Flickinger on his outlook for the retail industry and how crime, inflation, and supply chain issues impact consumer spending.
Shopping malls will see ‘ice age’ and ‘Darwinian destruction’ if they don’t reinvent themselves: Burt Flickinger
Strategic Resource Group managing director Burt Flickinger discusses the future of shopping malls in America.
New Balance avoids supply chain issues with American-made products
FOX Business’ Grady Trimble visits a New Balance factory in Massachusetts to learn how the sneakers are made domestically.
Florida won’t become California, Minnesota with new crime initiative, AG Moody says
Florida Attorney General Ashley Moody says a new state plan to combat crime will catch repeat offenders and make the state feel more "secure."
Florida AG Moody launching statewide task force to take on organized retail theft
Florida Attorney General Ashley Moody is launching a statewide task force to take on organized retail theft in an effort to bridge the gap between retailers, law enforcement and prosecutors as businesses in states across the nation report nearly a 70% increase in theft over the past year.
Apple tells suppliers iPhone demand has slowed: report
The iPhone accounted for about half of Apple's $365.8 billion in revenue during the last fiscal year.
7-Eleven, Nuro team up to bring autonomous delivery service to California
The convenience chain's customers will be able to take advantage of the service through the 7NOW delivery app from 8 a.m. to 9 p.m. daily for no additional charge.
‘Buy now, pay later’ purchases are perfect for the holidays
As Americans shop for the holidays, they will likely see a swarm of offers to get their gifts now but pay for them later in fixed monthly installments.
Etsy in sweet spot despite supply chain chaos
Etsy says its sellers have been more insulated from supply chain problems than larger producers and retailers
Amazon accused of underreporting work-related COVID-19 cases
The Strategic Organizing Center, a coalition of four labor unions, issued a report claiming that it reviewed data Amazon sent to the Occupational Safety and Health Administration in 2020.
FDA warning leads Owlet to stop sales of baby-monitoring Smart Sock
The FDA issued a warning letter to the company at the beginning of October saying that the company marketed the product in the United States "without marketing clearance or approval" which is in violation of the Federal Food, Drug, and Cosmetic Act, according to the FDA.