Retail expert Katie Thomas scours her local shopping mall in Pittsburgh to divine what Americans' shopping habits reveal about the economy and the nation's future.
Competition, whether from overseas rivals or second-hand goods, has kept the price of furniture relatively low. New tariffs may boost U.S. makers — and raise prices.
Major chains are fighting two battles at once: a financial battle to keep costs low in the face of new tariffs, and a political one to avoid the president's wrath.
The home improvement chain broke from many other retailers, who say they cannot afford to absorb new tariffs. President Trump recently attacked Walmart for warning of price hikes.
Together, the two retailers will have to wade the choppy waters of new tariffs on imports, including footwear. And they'll face the growing competition from shoe brands selling directly to shoppers.
The so-called de minimis exemption allowed Chinese and Hong Kong retailers to ship millions of packages worth $800 or less directly to U.S. consumers. That loophole will close May 2.
Whether you're a shopper or a seller, a worker or a business owner, you likely have a lot on your mind when it comes to budgeting, planning trips or big purchases. And we want to hear all about it.
Once a formidable fast-fashion mall staple, Forever 21 has filed for bankruptcy. The retailer has been a shell of its former self since it first filed for bankruptcy in 2019.
The department store chain, founded in 1670, can't pay its debts and says the pandemic, inflation and now trade tensions have hurt its financial future.
