Weather really can be responsible for brick and mortar stores breakdown

Retailers are notorious for blaming the weather when things go south for their business. But the truth is it can affect sales big time. When you have an unnaturally cold Spring, summer clothing sales will not flourish but a natural disaster such as a hurricane can spell disaster for suppliers, buyers and the business as…

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Chinese Jewelry to be tariffed in three weeks

The Trump administration is delaying planned tariffs in order to save Christmas for toy, clothing, footwear, and electronic retailers—although some in the jewelry business are wondering why it also didn’t get a last-minute reprieve. Might be because the other items seem to be a little more in the line of necessity for Christmas presents. In…

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Jewelry on the tariff list

Diamonds, pearls, natural pearls, precious stones, including rubies, sapphires, emeralds, synthetic precious stones and diamonds, silver jewelry, gold necklaces, religious jewelry, toy jewelry and more. This is the beginning of the list. The 10% increase on tariffs is due on Sept 1, 2019, but could go to 25%. According to the U.S. Census Bureau, China is…

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Barneys and JC Penney, the end is near

Barneys of New York as they are preparing themselves for a Chapter 11 bankruptcy, they find that morale is low and vendors want their merchandise back!!! An employee who wishes to remain anonymous has stated that certain designers have asked for a return now for their merchandise bypassing the usual return to vendor (RTV). The…

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Trump going ahead with tariffs on Chinese goods

Trump said he will place a tariff on $300 billion of Chinese goods coming into the US. That just about covers all Chinese goods coming into the US. The new tariffs could hit US consumers harder than the earlier rounds. It would tax goods like iPhones and other consumer electronics, sneakers, and toys. Last year, Trump…

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A little of this and a little of that

On July 24, a teacher from Nebraska found a two-carat brandy colored diamond. Of the 226 diamonds found this year, this one is the largest. The Crater of Diamonds is the only park in the world that lets the general public search for diamonds. Among the notable finds since its opening in 1972: the Strawn-Wagner, a 1.09 ct.…

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The talk around the coffee machine

THE END OF MINI TOILETRIES Intercontinental Hotels who own Holiday Inn and Crowne Plaza hotels will be eliminating those cute mini shampoos, conditioner, shower caps, soaps, and lotion beginning in 2021. So no more collecting little mini bottles of stuff from the hotel. It’s not like we can’t afford to bring our own, they are…

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Victoria’s Secret

Victoria’s Secret has a problem with the past and a problem with the future and that leaves the present in a muddle of controversy. Jeffrey Epstein is supposed to be history at Victoria’s Secret—and at its parent company, L Brands Inc., for that matter—but he’s that skeleton that keeps rattling around the closet to remind everyone…

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Personalized Pricing

Personalized pricing is just one of the things brought about because of e-commerce. Personalized pricing — which is practiced elsewhere on the internet. Probably more prevalent, and more important to surviving in the current market, is dynamic pricing, which allows retailers to change prices in an instant based on data about their competitors, among other…

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JCP hit the list of concerned loans, high risk of default

JCP denied speaking to advisers earlier this week with concern over the status of their loan and sales continuing to decline. Apparently they didn’t think anyone would notice they are floundering like the entire retail world is aware of it. J.C. Penney is among the latest additions to Fitch Rating’s “loans of concern” list, indicating…

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