Hey everyone, and welcome to this week’s installment of TraQing News! We’ve rounded up some content for you as you wind down your work week. From delayed tariffs on Chinese goods to the latest efforts to keep Sears stores open, here are some of our favorite articles from this week:
Amazon is reportedly testing its cashier-less technology in larger stores | Andrew Liptak: Amazon’s cashier-free stores made waves in the retail world this year, and other companies have been working to catch up. Now Amazon is ready to go beyond its small-format stores, and has begun testing the format for larger (and probably more complex) spaces.
Trump’s 25% Tech Tariff Boost On China Delayed | John Eggerton: Tech manufacturers and retailers can breathe a sigh of relief. The current 10% tariff on goods from China won’t be rising to 25% on January 1, 2019. Currently the rising tariffs are only being delayed, so there is a chance that they could be raised later in 2019.
Lampert submits offer for Sears | HBSDealer Staff: Eddie Lampert’s hedge fund, ESL, is spinning off a new company in order to bid on the remaining Sears stores, as well as the DieHard and Kenmore brands. The $4.5 billion bid would also save Sears’ headquarters and distribution centers, as well as thousands of jobs.
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