WH Calls Amazon ‘Hostile’ | 5-7 Weeks Until It ‘Bites’ | LA Port -35%
White House blasts Amazon over tariff cost report: ‘Hostile and political act’ at CNBC. “The White House on Tuesday slammed Amazon for reportedly planning to display the cost of President Donald Trump’s tariffs next to the total price of products on its site.” Read more
…Retail Giants Manage to Keep a Lid on Prices but Warn It Can’t Last at WSJ. “(At Amazon) some sellers have tested raising prices by as much as 30% to see how much of an increase they can make before Amazon’s systems will downgrade their listings, according to Brandon Fuhrmann, an Amazon merchant who sells kitchen products. When that occurs, they lower their prices, he said.” WSJ subs.
…Amazon sellers raise prices after Trump’s China tariff: ‘It’s unsustainable’ at CNBC. “Amazon merchants are hiking prices for everything from diaper bags and refrigerator magnets to charm necklaces and other top-selling items as they confront higher import costs. E-commerce software company SmartScout tracked 930 products on Amazon that have seen increased prices since April 9, with an average jump of 29% in categories, including clothing, jewelry, household items, office supplies, electronics and toys.” Read more
Roxanne Weng has been appointed Dollar Tree Inc.’s new Chief Supply Chain Officer Press release
Adidas warns that tariffs will increase prices for all its products at Yahoo Finance
Venmo revenue grows 20%, with debit card payment volume soaring at CNBC. “The company added nearly 2 million first-time PayPal and Venmo debit card users during the quarter, and total debit card payment volume across PayPal and Venmo climbed more than 60%.” Read more
Trump executive order requires truck drivers to speak English at The Hill
How Shenzhen Became Hongkongers’ Weekend Escape Plan at The World of Chinese. “Big-box stores like Costco, which opened its doors in Shenzhen in early 2024, quickly became a favorite destination for Hong Kong shoppers seeking bargains. Reports show that 14 percent of Costco members in Shenzhen are from Hong Kong, and special services like Costco and Sam’s Club tour buses have emerged to cater to these visitors.” Read more
Walmart will open its latest Store of the Future concept in Cypress, Texas on April 30 at Seeking Alpha
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The Headline Act at Live Nation’s Las Vegas Pop-Punk Festival? 7-Eleven at WSJ. “7-Eleven on Monday said it signed a deal to become the naming-rights sponsor of Live Nation’s pop-punk and emo festival When We Were Young. The pact marks the first time the live-music company has sold the naming rights of a U.S. festival…The brand will set up a “hangout” area at the Las Vegas event, handing out free Slurpee drinks in a space decorated to channel “early 2000s emo energy.” WSJ subs.
Costco remains San Diego’s most popular grocery store at Axios
Nearly 100 shoppers line up for grand opening of first Staten Island BJ’s Wholesale Club at Staten Island Advance
Port of Los Angeles says shipping volume will plummet 35% next week as China tariffs start to bite at CNBC. “Seroka (executive director of the Port of Los Angeles), said he thinks U.S. retailers have about five to seven weeks before the impact of the curtailed shipments shipping begins to bite, partly because companies stocked up with larger shipments ahead of Trump’s tariff announcements.” Read more
Amazon and Saks Introduce New Luxury Storefront, ‘Saks on Amazon’ Press release
Temu has implemented a new import charge, more than doubling the price of many items shipped from China at USA Today. “On Monday, April 28, a men’s corduroy cargo jacket priced at nearly $34 cost nearly $83 after an added import charge of around $46.50 and a sales tax fee of about $2.50. A double bed folding mattress priced at nearly $119 cost about $273 after a roughly $146 import charge and $8 sales tax.” Read more
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