BusinessPostCorner.com
No Result
View All Result
Friday, May 23, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Shops rush for Christmas stock as shipping costs surge

June 2, 2024
in Business
Reading Time: 1 min read
A A
0
Shops rush for Christmas stock as shipping costs surge
ShareShareShareShareShare

Nick Glynn, boss of the Buy It Direct group, owns several online retailers including Appliances Direct and Laptops Direct, which are having to plan and book well in advance to make sure their shipments arrive on time.

Because they are planning ahead, he said he didn’t think Black Friday and Christmas stock would be affected.

But he said: “It impacts cash and warehouse space as suddenly you have to store the goods for longer. You can’t risk ordering later.”

Mr Glynn explained that the spot rate – the current price for immediate delivery of goods – has dramatically increased in recent weeks from $4,500 to $7,500 (£3,500 to £5,900).

“This makes a massive impact on big bulky items, especially those that have low margins such as furniture, barbecues, and kitchen appliances,” he said.

There was “no way” most online retailers could absorb those price increases on big-ticket items, he said.

“So unfortunately for consumers, the next few months will see significant rises on these big-ticket items,” he added.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Evan Davis: Successful entrepreneurs don’t worry about being different

Next Post

Thai election winner says party ban would ‘turbocharge’ calls for change

Next Post
Thai election winner says party ban would ‘turbocharge’ calls for change

Thai election winner says party ban would ‘turbocharge’ calls for change

The CEO trap—why 70% of CHROs depart after a change at the top

The CEO trap—why 70% of CHROs depart after a change at the top

May 19, 2025
There are over 10 types of magnesium—here’s expert advice on finding the right one for you

There are over 10 types of magnesium—here’s expert advice on finding the right one for you

May 17, 2025
US government bonds drop as worries over Donald Trump’s tax bill flare up

US government bonds drop as worries over Donald Trump’s tax bill flare up

May 21, 2025
Trump threatens Apple with 25% tariff on iPhones

Trump threatens Apple with 25% tariff on iPhones

May 23, 2025
UK supermarket distributor suffers ransomware attack

UK supermarket distributor suffers ransomware attack

May 20, 2025
Bitcoin Price Prediction: BTC Trading at 3,613 Shows Bullish Momentum After V-Shaped Recovery, Poised to Test 0K Resistance

Bitcoin Price Prediction: BTC Trading at $103,613 Shows Bullish Momentum After V-Shaped Recovery, Poised to Test $120K Resistance

May 18, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Elon Musk’s DOGE is reportedly targeting the Census Bureau next. One expert says it’s likely to eliminate its survey about prison inmates

Elon Musk’s DOGE is reportedly targeting the Census Bureau next. One expert says it’s likely to eliminate its survey about prison inmates

May 23, 2025
Indian IT giant investigates M&S cyber attack link

Indian IT giant investigates M&S cyber attack link

May 23, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!