FedEx and UPS add 'China fee' ahead of the end of de minimis
In the final weeks before US de minimis exemption for parcels from China ends, UPS ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
E-commerce is where the growth is for many sectors of the retail industry, and at the centre of it is Amazon, like an online Death Star with a tractor beam on full, dragging everything into its orbit. But here too, one small rebel group still holds out. Amazon has no appeal for the luxury goods sector, and they are so angered and disillusioned that they are moving fulfilment operations back in-house.
“Brands are not showing a softening to the e-commerce giant. Many brands, such as French conglomerate LVMH, are vowing never to work with Amazon, a competitor that is severely disrupting the luxury and fashion industry.”
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