Hackers targeting UK retailers are now focusing on US stores, according to Google.
On Wednesday, Google raised concerns about hackers who have been disrupting UK retailers and might turn their attention to U.S. companies. John Hartquist, an analyst in Google’s cybersecurity division, cautioned in an email, “US retailers need to be careful. These actors are offensive and creative, and are particularly effective at circumventing mature security programs.” The […]
European Retailers Aim to Pursue Antitrust Action Against Mastercard and Visa
A coalition of trade associations representing European retailers has approached the European Commission regarding concerns about Mastercard and Visa. They allege that these companies impose high fees and lack transparency in their pricing, which is against EU antitrust rules. In a letter sent to the Commission’s antitrust chief on May 13, the associations requested stronger […]
Shoppers and Retailers Overlooked Tariffs in April
Tariff inflation is apparent everywhere, except in consumer prices The Consumer Price Index (CPI) for April was somewhat surprising. Initially, there were expectations that the new tariffs introduced by the Trump administration wouldn’t spike inflation. With the announcement of universal tariffs of 10% affecting over 60 countries on April 2, it seemed probable that we’d […]
Democrats introducing a bill that mandates retailers to show the cost related to Trump tariffs.
Representative Jamie Raskin (D-Md.) announced on Thursday that he plans to propose legislation requiring retailers to disclose price increases linked to President Trump’s tariffs. This proposal, however, seems to have been sidelined before it was officially released to the public, with reports indicating that the White House deemed it a “hostile and political act.” Senate […]
Donald Trump to Meet with Major Retailers After Big Retail Opposed Tariffs
President Donald Trump will meet with major retailers on Monday after the National Retail Federation (NRF) announced it would not support the president’s mutual tariff policies. White House officials I said Reuters will meet on Monday afternoon to discuss his tariff policy. The meeting will include representatives from Walmart, Home Defort, Lowe’s and Target. Walmart […]
Chinese factories are using TikTok to work around retailers and tariffs — big brands say the videos are fake, sort of
The Chinese factory promotes itself through Tiktok videos and asks American consumers to purchase directly at a lower cost than retailers. President Trump recently raised tariffs on China 245%the video has recently spread in factories in China, providing products directly to consumers from factories that our retailers say are supplying. For example, factories claiming to […]
Joann customers upset by retailer’s move to stop taking gift cards ahead of store closures
Joann Inc.'s move to stop filming gift cards since February 28th has angered some of the craft retailer's customers as the company shuts down. The company announced earlier this year that it had participated in its second Chapter 11 Bankruptcy Protection to “facilitate the sales process to maximize the value of its business.” Joan first […]
Valentine’s Day proves a gift for UK retailers, as consumers hold back on big-ticket items | Retail industry
The rise in Valentine's Day gift purchases brought relief to retailers last month during “Grey Day” in February, as consumers refrained from spending on money-to-do items, according to industry figures. The purchase of jewelry linked to Valentine's Day was one of the highlights of other brilliant months that sales went ahead, the UK Retail Consortium […]
Retailers said they ended DEI — but held onto some policies behind the scenes: report
Reports show that while major retailers have publicly promoted the end of their diversity, equity and inclusion policies to appease President Trump, they maintain some of the behind-the-scenes debate programs. Tractor Supply, Target, and Amazon have made quiet commitments to continue their diversity initiative. Reuters Report U.S. Attorney General Pam Bondy is based on more […]
Tariffs Are Absorbed by U.S. Retailers, Not Consumers
History tells us who pays for customs hikes President Trump's new Along with a 25% tariff on Mexican and Canadian goods and a 10% tariff on Chinese importssent the market on Wild Ride on Tuesday. Stocks began the day with a sharp drop and then an impressive recovery, but ended the session close to the […]