BusinessDesk May 14 25
Paid articlePaywallRetail spending flat in April:
Kiwi retail spending was flat in April, according to new Stats NZ data.Spending in the retail industries was unchanged in April ...
businessdesk.co.nz/article/news-in-brief/retail-spending-flat-in-april
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Shein and Temu warn tariffs will raise prices in US from next week
bbc.com/news/articles/c3r8v2l8vwpo
Key FactsShein and Temu Brace for Price Hikes Amid Tariffs
Apr 17, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: bbc.com
Summary created with AI assistance · Source: bbc.com
- Shein and Temu have warned US customers of price increases starting April 25 due to new tariffs on imports from China.
- The companies reported rising operating costs from changes in trade rules and plan to adjust their prices accordingly.
- US lawmakers raised concerns about the companies exploiting a now-terminated duty-free exemption for goods under $800.
- Both firms have significantly cut their advertising spending in the US to counteract the decline in their app rankings.
We've stocked up and stand ready to make sure your orders arrive smoothly during this time.— Temu's statement encouraging customers to keep shopping despite the impending price increases.
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