Walmart, US retailers import fewer holiday goods as demand tanks
Don't blame the Grinch if store shelves look a little less festive than usual this year. Walmart and other major retailers are importing fewer Christmas items this year in preparation for a lukewarm holiday season. Walmart, the world's largest retailer, shipped at least 340,000 kilograms of purported Christmas goods to the United States in the […]
IDF Publishes Video of Yahya Sinwar Fleeing with Luxury Goods Before Oct. 7
The Israel Defense Forces (IDF) on Saturday released footage of Hamas leader Yahya Sinwar escaping from a basement with luxury goods late at night on October 6, 2023. His wife had a $32,000 handbag. Sinwar knew that Hamas was planning a major terrorist attack on Israel the next day, and clearly knew that he would […]
Meta fires staff for ‘using free meal vouchers to buy household goods’ | Meta
Mehta, the owner of Facebook and Instagram, reportedly fired about 24 staff members at its Los Angeles office for using $25 meal credits to buy things like toothpaste, laundry detergent and wine glasses. . The tech company, which has a market capitalization of £1.2 trillion and also owns the messaging platform WhatsApp, last week after […]
Asos to charge shoppers who regularly return large amounts of goods | Asos
ASOS will start charging UK shoppers who frequently return large quantities of goods a £3.95 fee to return items, unless they return up to £40 worth of an order. The online fashion retailer, which previously offered free 14-day returns of unused items as part of its service in the UK, has informed some shoppers that […]
Core Durable Goods Orders Unexpectedly Tumble
U.S. orders for core capital goods fell 0.1 percent in July, the latest sign of weakness in U.S. manufacturing. Core capital goods are durable goods excluding military products and aircraft. Orders have declined month-over-month in four of the first seven months of this year. Compared to the first seven months of 2023, orders for non-defense […]
Woman caught with nearly $500K worth of goods swiped from drug stores: police
A California woman was arrested after being found in possession of more than $450,000 worth of stolen property. The California Highway Patrol (CHP) announced in a Facebook post that 35-year-old Claudia Cruz has been charged with organized retail crime, possession of stolen property and criminal conspiracy for her alleged role in the fence-setting operation. Last […]
Tim Walz’s $250M state program to feed hungry kids fraudulently spent on luxury goods, overseas real estate
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Wayfair CEO says demand for home goods are at ‘great financial crisis’ levels
Wayfair shares are plummeting after its CEO said on an earnings conference call that demand for home goods is at “financial crisis” levels. The struggling online furniture giant reported second-quarter profits on Thursday that missed Wall Street expectations on both the top and bottom lines, sending its shares down more than 11%. Furniture giant Wayfair […]
Home goods retailer Conn’s files for bankruptcy, closing over 70 stores
Home goods and furniture retailer Conn’s Inc. filed for Chapter 11 bankruptcy protection on Tuesday and announced plans to close several stores. The company announced it would close more than 70 HomePlus stores across 13 states. Corns filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. FOX Business has […]
Former White House official Sue Mi Terry accused of acting as South Korea agent in exchange for luxury goods
A foreign policy expert who previously worked for the Central Intelligence Agency and the White House National Security Council has been indicted on U.S. charges alleging he worked as an unregistered agent for the South Korean government in exchange for luxury goods and other gifts. According to the indictment unsealed in Manhattan federal court on […]