You might not think of Walmart when you’re shopping for a Rolex watch, but the retailer told shareholders last week that its Marketplace platform saw 200% growth year-to-date in its pre-loved luxury fashion segment. It’s continuing to pursue the strategy with an expansion of its deal with StockX and with new partnerships with PrettyGarden, Bag,…
“Walmart CEO warns prices will rise due to Trump tariffs ” – CBS News Watch CBS News The world’s largest retailer says new import tariffs will force price hikes, raising concerns about inflation and how it could affect American shoppers. Jo Ling Kent reports. Be the first to know Get browser notifications for breaking news,…
Walmart plans to raise prices as tariff uncertainty looms over upcoming holidays – CBS News Watch CBS News Walmart warned that even softer tariffs on China could soon force the company to raise prices on certain items. Jo Ling Kent reports. Be the first to know Get browser notifications for breaking news, live events, and…
New data on inflation, price changes New data shows slowed inflation, some higher prices after tariffs 02:45 Walmart on Thursday warned that even softer tariffs on China could soon force the company to raise prices. The world’s largest retailer said President Trump’s wide-ranging levies on U.S. trade partners are impeding its ability to keep prices…
Wall Street shot up after the U.S. and China agreed to bring the temperature down on their trade war — and the import-dependent fashion and retail crowd rode the stock roller coaster higher. After high-level weekend talks in Switzerland, the U.S. cut its tariffs on Chinese goods to 30 percent from 145 percent, while China…
President Trump claims that other countries and exporters to the U.S. will largely pick up the cost of tariffs. Yet recent data shows that companies are moving to pass along those added expenses to American consumers, which may push up prices. For example, 76% of Texas manufacturers said they plan to pass tariff-related costs to…
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. China defies ASML prediction with EUV breakthrough in advanced chip…
Thousands of users reported that the website and the mobile application of Walmart were down for thousands of users in the United States on Thursday. As of this writing, there were more than 3200 users reporting an outage with Walmart, as per Down Detector, a platform that tracks such outages based on users’ reports. While…
A suspect has been apprehended after targeted shootings at a Georgia Walmart and an area home left two dead and one injured, authorities said Friday. Deputies from the Newton County Sheriff’s Office responded to a Walmart around 1:30 a.m. Friday, the office said in a news release. The store was closed, with only employees inside,…
NEW YORK (AP) — Sending children back to school in new sneakers, jeans and T-shirts is likely to cost U.S. families significantly more this fall if the bespoke tariffs President Donald Trump put on leading exporters take effect as planned, American industry groups warn. About 97% of the clothes and shoes purchased in the U.S….