marketcrash
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05/27/2022
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By JD Heyes
Major retailers, e-tailers preparing for economic implosion as they shed massive amounts of warehouse space
In another sign that a major economic downturn is coming fast in the era of Joe Biden — Walmart, Target and other major wholesalers and retailers are shedding warehouse space and drawing down inventories. And so is the world’s biggest e-tailer, Amazon. The online selling behemoth is reportedly “stuck with too much warehouse capacity” now […]
11/30/2021
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By Matthew Davis
Holiday shoppers shift focus to used goods amid shipping delays and shortages
Holiday shoppers are trying to work around the global supply chain delays and shortages by turning to used goods. Sellers told Insider that the secondhand economy is getting a boost from the supply chain crisis as more people are buying used goods from couches to holiday gifts. “I’ve had people specifically say ‘we just moved here and there are […]
05/08/2020
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By Franz Walker
Sysco warns of hard times ahead as coronavirus decimates restaurant industry
Sysco Corporation, America’s largest foodservice distributor, warned that coronavirus-related shutdowns of restaurants are leaving the industry in the worst state it has ever been in. The warning comes after the company reported a 6.5 percent decline in sales in its third quarter, which ended March 28 — one of its most significant quarterly reductions since 2009. […]
02/23/2020
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By JD Heyes
China’s economy continues to collapse as domestic car sales plunge a whopping 92% on spread of Wuhan coronavirus
Chinese President Xi Jinping finally made a public statement about the rapid, uncontrolled spread of the Wuhan coronavirus over the weekend, and it wasn’t optimistic. As reported by the South China Morning Post and republished by POLITICO, Xi made an “unprecedented” teleconference call that was open to every county government and military unit throughout the […]
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