Retailers are concerned about what a national rail strike would mean for their supply chains should it take place but are not worried about it having any effect on their Christmas season sales. One-third of all freight in the U.S. moves by rail. Brian Dodge, president of the Retail Industry Leaders Association, believes that Congress […]
Chief financial officers in retail are forecasting lower profits as merchants squeeze margins to move excess inventory and entice consumers to increase their discretionary spending in the run-up to Christmas. The average margin on earnings before interest and taxes for retailers in the S&P 500 was 10.7 percent in the third quarter, down from 13.2 […]
TikTok is looking to add nearly 1,000 engineers at its Mountain View, CA, office at a time when other major tech companies are laying off workers. “We have always been more cautious in terms of recruitment,” said TikTok CEO Shou Zi Chew. “At this stage of our growth, I think that our pace, our cadence, […]
Many people find self-checkouts annoying. For those who are blind or confined to a wheelchair it can be close to impossible to use the devices. That reality hasn’t changed how self-checkouts are designed. A federal judge in a case brought against Walmart ruled that, in order to be in compliance with access provisions in the […]
Seventy percent of consumers plan to reduce their purchases, trade down to a cheaper brand or both to make their Thanksgiving meals, according to an Ipsos survey. “Inflation is sort of a fancy term for people having to pay more for the same amount of stuff and I think that’s the reality that consumers are […]
Inflation is weighing heavily on the minds of many Americans with consumer sentiment now about the same as it was during the Great Recession. Forty-one percent of Americans say they are having difficulty keeping up with essential expenses, up from 29 percent last year, according to the Census Bureau.
Members of the nation’s largest railroad union rejected a tentative labor deal with freight railroads, raising concerns about supply chain disruptions. Around 51 percent of SMART Transportation Division members voted against ratifying the pact. “SMART-TD members with their votes have spoken, it’s now back to the bargaining table for our operating craft members,” the SMART-TD […]