The Pandemic is Affecting Global Supply Lines and the Costs of Shipping
Money

The Pandemic is Affecting Global Supply Lines and the Costs of Shipping

Since last year, the cost of shipping from China has increased by 80% due to pandemic-related lockdowns. At a time when consumers are much more likely to spend, supplies are not meeting demands.
Biggest US Retailers Make Their Black Friday Plans Public
Money

Biggest US Retailers Make Their Black Friday Plans Public

With in-store sales expected to drop 35% as a result of the pandemic, major retailers are prolonging the sale to last a few more days and investing heavily in online offers.
Hong Kong Could Enter Recession After Protests Plummet Retail and Scare Tourists
Politics

Hong Kong Could Enter Recession After Protests Plummet Retail and Scare Tourists

Experts warn that the autonomous territory is headed for a recession after weeks of protests destroyed the retail sector and disrupted the booming tourism industry.
Major Retailer Shopko to Close All Its Stores in 2019
Business

Major Retailer Shopko to Close All Its Stores in 2019

Physical retailers have been going bankrupt at an alarming rate, and now it was time for Shopko. The rural retailer was in huge debt and it will shut down its operations by June.
5 Tech Companies That Are Working on Making the Netflix of Gaming
Business

5 Tech Companies That Are Working on Making the Netflix of Gaming

Some of the major tech companies in the world are already investing big bucks towards the development of cloud-based gaming services, and here are the big names.
Walmart Looking to Hire More Truck Drivers Amid US Trucker Shortage
Business

Walmart Looking to Hire More Truck Drivers Amid US Trucker Shortage

Just last year, Walmart hired about 1,400 drivers but it seems this is not enough. A statement released by the retailer notes that it needs “hundreds more” this year to fill the demand.

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