Product Sourcing

Ikea to Close Only US Factory, Cut Jobs
July 19, 2019 at 10:26 am

Ikea plans to close its only U.S. factory site and shift operations to Europe. The Swedish furniture company’s Danville, Virginia, manufacturing facility will close in December, cutting about 300 jobs, The Wall Street Journal reported. The company said its production costs in Europe will be lower and that importing the goods will make its products more affordable in North America,…

A Look Into Cannabis Retail Challenges
May 30, 2019 at 9:52 am

The global cannabis market could be worth $32 billion by 2022, and consequently presents huge opportunities for retailers. While the transition from prohibition presents huge opportunities, it also presents huge challenges. BDS Analytics commented that 2018 was a year of "constantly diminishing forecasts," as retailers struggled to compete against the black market in a heavily…

Kohl's to Sell Fanatics’ Licensed Sports Gear Online
May 20, 2019 at 1:39 pm

Kohl’s announced that it has signed a long-term deal with Fanatics to sell the sports retailer's licensed gear exclusively on Kohls.com, starting this fall. Fanatics had already been a wholesale partner of Kohl’s. The new deal, however, will enable Kohl's online shoppers access to hundreds of thousands of items across team apparel, jerseys and additional merchandise for men,…

What Tariff Hikes on Chinese Goods Could Mean for Retailers and Consumers
May 17, 2019 at 11:19 am

In this episode of Retail Right Now, Total Retail's Joe Keenan and Kristina Stidham discuss the escalating trade war between the U.S. and China, and what it means for retailers and consumers. Last week, President Trump announced that the U.S. would be raising tariffs on $200 billion worth of Chinese imports to 25 percent from…

Retail Groups Voice Opposition to Raised Tariffs on Chinese Goods
May 14, 2019 at 10:00 am

Late last week, the Trump administration hiked tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent, escalating tensions between Beijing and Washington. Trump asserted on Twitter that there was “no need to rush” to get a deal between the world’s two biggest economies and later added that the tariffs “may or…

3 Truths About Outsourced Manufacturing Every Business Should Know
March 21, 2019 at 11:53 am

Before manufacturing took over the world, businesses made every product by hand with an immaculate attention to detail. Today, companies blame their own manufacturers and suppliers for poor quality control, however, in many cases their own short-sightedness is the true culprit. The rise in entrepreneurship in the U.S. has led to the birth of some…

Delayed Tariff Increase on Chinese Goods a Relief to Retailers
February 25, 2019 at 3:05 pm

The United States is planning to delay additional tariffs on Chinese goods that were scheduled to begin on March 1, President Donald Trump announced on Sunday. In a series of posts on Twitter, Trump cited "substantial progress" in bilateral talks between the U.S. and China. As a result, the president said he would suspend the…

How Brands Can Weather the Heat of the Latest Trade War Developments
February 13, 2019 at 12:24 pm

The government may be back in session, but the trade war with China is continuing to disrupt the economy in 2019. Businesses that seek growth in times of turmoil will face steep challenges this year and beyond. Increased customs fees and longer processing times have thrust most companies into unfamiliar territory. Without experience in international…

The Retail Industry's Response to the State of the Union Address
February 8, 2019 at 1:33 pm

In this week's Retail Right Now, Joe Keenan offers insight into the retail industry's response to President Trump's State of the Union Address this week. Both the National Retail Federation (NRF) and the Retail Industry Leaders Association (RILA) issued press releases regarding the president’s comments on trade and a potential resolution with China. Unless a…

How the Postal Treaty Withdrawal Impacts Retailers
January 31, 2019 at 11:03 am

When shopping large online retailers, such as Amazon.com or eBay, it's impossible not to notice the seemingly impossible low cost of many China-sourced products. In fact, upon further inspection, it's often the case that all these extremely low-priced items even include free shipping. This begs the question: How can China afford to ship products to…