Forever 21 blames bankruptcy on de minimis exemption
Forever 21, the US clothing retailer, has gone down shouting: it has squarely blamed its ...
EXPD: TWO BUCKS UPCHRW: EVERY LITTLE HELPS AHEAD OF EARNINGSHON: STRATEGIC SOLUTIONSXPO: KEEP ON TRUCKINGDHL: ANTITRUSTDSV: TRIMMINGDSV: OHHHHHWMT: MASSIVE DOWNSIDE UNDER BEAR CASEWMT: RISKTSLA: 'FEUD RISK'FDX: KEEP THE FAITH DHL: PORTFOLIO REJIG TALK IS JUST THAT
EXPD: TWO BUCKS UPCHRW: EVERY LITTLE HELPS AHEAD OF EARNINGSHON: STRATEGIC SOLUTIONSXPO: KEEP ON TRUCKINGDHL: ANTITRUSTDSV: TRIMMINGDSV: OHHHHHWMT: MASSIVE DOWNSIDE UNDER BEAR CASEWMT: RISKTSLA: 'FEUD RISK'FDX: KEEP THE FAITH DHL: PORTFOLIO REJIG TALK IS JUST THAT
A little Christmas cheer for companies: the US economy expanded at its fastest pace in a decade in the third quarter, with GDP growing at an annual rate of 5% – well above previous expectations of 3.9%. Higher employment rates and lower fuel prices are expected to trigger more consumer spending. However, notes Bloomberg, other aspects of GDP, including inventories and trade, are unlikely to have kept going at this pace in the last quarter. The economy grew at an average pace of 1.3% in the first half, while 2013 saw an average rate of 2.2%.
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