Forever 21 blames bankruptcy on de minimis exemption
Forever 21, the US clothing retailer, has gone down shouting: it has squarely blamed its ...
The inventory levels of major retailers could see the airfreight peak towards the third quarter be a little “muted”, but consistently busy for the coming months.
US retailers reporting first quarter financial results noted that their inventory levels were down – and that they had been forced to significantly increase costs by using airfreight.
Sportswear company Lululemon saw its inventory costs in the first quarter up 75%, largely due to airfreight and growth, alongside delays in the supply chain.
Chief executive Calvin McDonald ...
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