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Dollar stores hit by freight costs as labor squeeze looms 05/27/2021 | 11:39am EDT Send by mail : Message : Required fields (Reuters) -Top U.S. dollar stores on Thursday gave tepid full-year profit forecasts, weighed down by higher transportation costs, even as a stimulus check-driven boost in spending helped them post better-than-expected quarterly sales. Dollar Tree Inc s shares dropped about 7%, as it forecast freight costs to be up as much as 80 cents per share for the rest of the year, compared with 2020. Increasing freight costs caused by port congestions and global supply-chain disruptions have dented profit outlooks across industries, including that of apparel sellers Abercrombie & Fitch Co as well as many U.S. packaged goods makers. ....
Dollar Tree Inc (DLTR) Q1 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
On your next trip to Costco, don t be surpr. Posted: Mar 9, 2021 2:09 PM Posted By: CNN On your next trip to Costco, don t be surprised if you can t find your favorite cheese. Costco is having trouble stocking imported cheeses because of a shortage of shipping containers around the globe and bottlenecks at key West Coast ports, such as Los Angeles, Long Beach, Oakland and Seattle. The combination has led to delays for suppliers shipping their goods, retailers like Costco receiving products, and higher costs along the supply chain. Overseas freight has continued to be an issue in regards to container shortage and port delays. This has caused timing delays on certain categories, Costco chief financial officer Richard Galanti said on a call with analysts last week. ....
Costco running out of some cheese due to shortage of shipping containers abc7ny.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abc7ny.com Daily Mail and Mail on Sunday newspapers.