The New York Times shares a salacious story about Sherry-Lehman, a world-famous wine shop. The story recounts how the retailer was hit by tariffs, online competitors, and COVID shutdowns. It had borrowed excessively, which many retailers do. At first, it reads like a Bed Bath & Beyond obituary. But then the owners veered into the criminal realm. They sold rare wine to new customers that belonged to existing customers, in other cases didn’t deliver what was sold, and ...
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May 14, 2019
May 14, 2019
Nordstromβs sales may shrink 10% due to the Chinese tariff, reports todayβs WSJ.
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October 11, 2018
October 11, 2018
Have we lost our way? A recent HFN magazine article by Allison Zisko shares how tariffs may raise the price of low cost goods from China. Question: what happened to our industry asking for things to be made in America? We havenβt just slid a littleβthe article states that 56% of furniture comes from China. Is anyone making anything anywhere in America anymore? And, why is this question relevant? I work daily to get consumers to shop local. Lives depend on it. Family owned businesses depend on it...
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