Target may be next in the crosshairs after Charleston bags Walmart July 22, 2020 Walmart is investing in a $220 million project to build a new distribution center near the Port of Charleston, SC which could draw 70,000 containers per year to the port. So far Charleston has only been a small part of Walmart’s logistics process with the port representing 3.7% of Walmart’s U.... Read more →
Muji devastated by COVID-19, plastic tableware proves robust July 14, 2020 Ryohin Keikaku has placed the U.S. operations of its Muji home goods stores into Chapter 11 bankruptcy protection due to “the devastating effects of the COVID-19 pandemic”. U.S. seaborne imports linked to the firm dropped by 78.9% year over year in Q2 after a 52.5% slide in Q1 and a 19.7% slid... Read more →
Ikea deals with coronavirus demand downturn after tackling tariffs April 27, 2020 Ikea has stated that the reopening of its stores in China and Germany after coronavirus-linked closures has been followed by a rapid recovery in customer visits. An upturn in other markets, including the U.S., could be a long way off as coronavirus lockdowns continue. A continued surge in inte... Read more →
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