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The Bubble Blasters and Other Chinese Goods That Are Paralyzed by Trade Chaos

The Bubble Blasters and Other Chinese Goods That Are Paralyzed by Trade Chaos

The Bubble Blasters and Other Chinese Goods That Are Paralyzed by Trade Chaos
American importers cancel orders and scramble for alternatives, while Chinese factories cut staff and offload goods

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Home Depot holding opening ceremony Wednesday at South Hill store
Home Depot holding opening ceremony Wednesday at South Hill store

Yahoo

time28 minutes ago

  • Yahoo

Home Depot holding opening ceremony Wednesday at South Hill store

Jun. 10—Officials from Home Depot will host a grand opening Wednesday at the hardware giant's new store on the South Hill. The 134,000-square foot store was built following the demolition of the 100,000-square-foot Shopko building at 4515 S. Regal St. The new store is located directly across the street from Ruggiero's Ace Hardware, owned by Austin and Josh Ruggiero, the third generation of the family to own the business. To commemorate the opening of Home Depot, company officials will host a community night celebration that starts at 4:30 on Wednesday. It will feature remarks from Spokane Mayor Lisa Brown, City Council President Betsy Wilkerson and Alisha Benson, CEO of Greater Spokane Incorporated. Following the event, the store will open for business at 6 a.m. on Thursday. Home Depot purchased the 13-acre property in May for $10 million, according to county property records. Building plans submitted to the city show about 28,000 square feet of the new building will include a garden center, and another 100,000 square feet will consist of retail space. A lumber canopy also is slated for the location. The store could eventually employ 175 workers, according to the project description submitted to the city. Josh Ruggiero said last year that his hardware store could suffer from the new Home Depot. "I fear we will no longer exist if this Home Depot goes in across the street," he said. But two weeks ago, the Ruggieros announced plans to highlight the differences that their store offers customers. The plan to hold a neighborhood party on Saturday at the Ace Hardware store at 44th and Regal which will include in-store promotions and family activities. "While this change presents challenges for our family-owned business, we are embracing the moment with optimism and a renewed commitment to our neighbors," Ruggiero said in a news release.

Starbucks has received 'a lot of interest' for China business stake, CEO tells FT
Starbucks has received 'a lot of interest' for China business stake, CEO tells FT

Yahoo

time28 minutes ago

  • Yahoo

Starbucks has received 'a lot of interest' for China business stake, CEO tells FT

(Reuters) -Starbucks has received "a lot of interest" in the sale of a stake in its China business, its chief executive told the Financial Times in an interview published on Wednesday, as the U.S. coffee chain looks to revive sales in its second-largest market. "The good news is we've got a lot of interest — a lot of interest," Starbucks CEO Brian Niccol told the FT. "People see the value of the Starbucks brand. They see the coffee category is growing. I think they'd love to be partnering up with us in figuring out how we take this from 8,000 to 20,000 (stores)." KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks' China business, Reuters reported in February. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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