Latest news with #CareBears
New York Post
4 days ago
- Business
- New York Post
US business owners cheer court ruling on Trump's tariffs— but still hedge their bets as chaotic battle plays out in courts
US business owners cheered a bombshell court ruling that voids most of President Trump's tariffs — but most said they'll still hedge their bets as the legal drama unfolds. The US Court of International Trade in Manhattan issued a sharp rebuke late Wednesday, ruling that the power to issue duties on foreign goods lies with Congress, not the president. A federal appeals court put the ruling on hold on Thursday after the Justice Department appealed it. Northbrook, Ill.-based Baby Paper, which makes sensory plush toys, had been poised to raise its wholesale prices within several weeks by $1 to $5 on items that range in price between $7 and $30, but owner Sari Wiaz said she will now hold off. Advertisement 5 Baby Paper is going to hold off on raising prices on its plush toys to see whether the courts permanently block new tariffs. Sari Wiaz 'In March, I increased my prices by 5%, but now that we have this news, I'm not going to go ahead with my next increase,' Wiaz told The Post. 'I'm going to wait for everything to settle.' Baby Paper makes its crinkly toys in China, which was slapped with a 30% tariff that will stay in place until Aug. 10 when a temporary pause on a much higher levy will expire. Advertisement 'I'm skeptical but It does feel like the sun is shining again,' Wiaz said. 'We all have our fingers crossed.' Jay Foreman, chief executive Basic Fun – maker of Tonka Trucks, Care Bears and Lite Brite – says the ruling by the trade court shows 'it's very clear that tariffs on things like toys, tennis shoes and T-shirts is not a national security issue. 'I applaud the court,' Foreman added. 'This will save my business and so many others.' 5 Jay Foreman is CEO of Basic Fun, which makes Tonka Trucks and Care Bears. AP Advertisement 5 Dan Digre is president of MISCO Speakers. Courtesy of Dan Digre The court's ruling was in response to a lawsuit filed in April by a coalition of small businesses. But White House officials expressed confidence the decision will be overturned on appeal – and experts said there are other legal options to keep the tariffs in place. Daniel Digre — whose 75-year-old, Minneapolis company MISCO now relies on Chinese parts for speakers it builds in the US — likened the court ruling to a 'speed bump.' 'It means we just keep doing what we've been doing — looking for other countries to work with and continuing to diversify our supply chain as much as possible,' Digre told The Post. 'That's how I see it.' Advertisement Beth Benike, whose company Busy Baby makes rubber placemats and utensils, said the ruling made her feel 'validated' and 'optimistic for a moment.' But she also frets that it may be too little, too late after she was unable to bring in inventory from China when the tariffs spiked in April. 5 Beth Benike says her company Busy Baby is in 'imminent danger' of shutting down. Courtesy of Beth Benike Benike recently scored contracts with Walmart and Target and took out a loan to amass inventory — but she's now looking to cancel the deals in order to conserve cash. 'We are in imminent danger of going out of business,' Benike told The Post. On the positive side, the court ruling lights a fire under the Trump administration to expedite trade truces, said Juan Pellarano-Rendon, chief marketing officer at Swap, a platform that provides tech services to 500 online retailers. 'The Trump administration is certainly going to want to get ahead of the courts and broker the trade agreements as soon as possible to show that they have successfully used tariffs as a tool,' Pellerano-Rendon told The Post. 5 The Trump administration is confident that it will win any legal challenges to its tariff policies. AFP via Getty Images Advertisement In the meantime, some of Swap's clients are considering barring orders to the US as tariffs drive up their costs, he said. If the Trump administration moves quickly to clinch trade deals before important shopping seasons, like back-to-school and holiday sales, the worst of the impact could be avoided, he added.
Daily Record
6 days ago
- Entertainment
- Daily Record
Miniso store set to open at West Lothian shopping centre selling 'viral blind boxes'
Miniso is getting ready to open its doors at The Centre in Livingston after a teaser was shared on social media. A popular Chinese household shop looks set to open at a busy West Lothian shopping centre as preparations are underway. Miniso is getting ready to open its doors at The Centre in Livingston after a teaser was shared on social media. With an opening date set to be confirmed for the West Lothian venue, the shop recently opened up on Edinburgh's Princes Street with locals queuing for hours to be one of the first inside. Offering customers a wide range of toys, beauty products, household items and food - the brand is known for stocking Sanrio goods such as Hello Kitty, as well as Disney, Pokémon and viral blind boxes. It is especially popular with young people. Sharing an image of the shop exterior, The Centre wrote: 'The countdown is on! Are you ready?' Many people were quick to share their thoughts on the opening. One keen shopper said: 'Uh oh, there goes my bank account. Crying already.' Another person wrote: 'Don't need to go to Edinburgh now it's coming to Livi.' The brand's website reads: 'Founded by CEO Ye Guofu, Miniso is a haven where every shopping trip is an adventure, and every product tells a story of joy and laughter. 'From best-selling blind boxes and collectibles to adorable plushies, trendy makeup and beauty products to high-quality toys and mouthwatering snacks, Miniso offers an irresistible mix of fun and fabulous at prices that won't break the bank. 'Forget about boring shopping experiences; at Miniso, it's all about unleashing your inner child and embracing the playful side of life. 'Whether you're exploring our aisles filled with cute plush toys, browsing through our vibrant accessories, or discovering the latest collaborations with iconic brands like Sanrio, Disney, Pokémon, Care Bears, We Bare Bears, and more, there's never a dull moment at Miniso.'
Glasgow Times
14-05-2025
- Business
- Glasgow Times
More details of 'global sensation' store opening soon in Breahead
MINISO will come to Braehead Shopping Centre in "the coming months", bringing exciting exclusivity and fun. The 2267 sq ft new store will be located on the lower level of the building, opposite MAC. It promises "a colourful and immersive new retail experience" to shoppers. Customers will be able to get their hands on much-loved characters from Sanrio, Harry Potter, Disney, Stitch, Pokémon, Care Bears and many more. READ NEXT: Global retailer to open second Scottish store in Braehead Rob Jewell, managing director, Asset Management at Pradera Lateral, said: 'MINISO is a highly anticipated addition to our retail mix and reinforces Braehead's position as a leading retail and leisure destination in Scotland. "As a globally recognised brand with a unique and engaging offering, MINISO brings a dynamic new product range to the centre, combining affordability with quality, resonating across generations. "The launch of its first store in Glasgow at Braehead is a clear endorsement of the centre's continued appeal amongst international brands seeking a high-performing and vibrant location.' Saad Usman, chief operations officer at MINISO, said: 'We are excited to be opening at Braehead – our second location in Scotland. "Braehead is a well-known retail and leisure destination with a fantastic mix of brands and a loyal customer base. "We look forward to introducing our colourful and unique collections to the Braehead community and welcoming shoppers into an immersive and engaging store environment.'
The Herald Scotland
13-05-2025
- Business
- The Herald Scotland
MINISO to open first Glasgow store at Braehead
It is to be located on the lower level of the shopping centre, opposite the MAC store and will open in the coming months but there is no official launch date yet. The store will bring the popular brand to Braehead and include exclusive collections feature characters from Harry Potter, Disney, Pokemon, Care Bears and much more. Rob Jewell, managing director, asset management at Pradera Lateral, added: 'MINISO is a highly anticipated addition to our retail mix and reinforces Braehead's position as a leading retail and leisure destination in Scotland. Read More 'As a globally recognised brand with a unique and engaging offering, MINISO brings a dynamic new product range to the centre, combining affordability with quality, resonating across generations. 'The launch of its first store in Glasgow at Braehead is a clear endorsement of the centre's continued appeal amongst international brands seeking a high performing and vibrant location.' Saad Usman, chief operations officer at MINISO, said: 'We are excited to be opening at Braehead – our second location in Scotland. Braehead is a well-known retail and leisure destination with a fantastic mix of brands and a loyal customer base. 'We look forward to introducing our colourful and unique collections to the Braehead community and welcoming shoppers into an immersive and engaging store environment.'
Time of India
13-05-2025
- Business
- Time of India
'We're starting to move everything': Trump's China deal frees up shipping
For weeks, Jay Foreman, a toy company executive, froze all shipments from China , leaving Care Bears and Tonka trucks piled up at Chinese factories, to avoid paying President Donald Trump 's crippling 145% tariff. #Operation Sindoor The damage done at Pak bases as India strikes to avenge Pahalgam Why Pakistan pleaded to end hostilities Kashmir's Pahalgam sparks Karachi's nightmare But as soon as his phone lit up at 4 a.m. Monday alerting him that Trump was lowering tariffs on Chinese imports for 90 days, Foreman, CEO of Basic Fun, which is based in Florida, jumped out of bed and called his suppliers, instructing them to start shipping merchandise immediately. "We're starting to move everything," Foreman said. "We have to call trucking companies in China to schedule pickups at the factories. And we have to book space on these container ships now." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Co-Founder of Google Brain, Andrew Ng, Recommends: "These 5 Books Will Turn Your Life Around" Blinkist: Andrew Ng's Reading List Undo If other executives follow Foreman's lead, a torrent of goods could soon pour into the United States. While logistics experts say global shipping lines and American ports appear capable of handling high volumes over the next three months, they caution that whiplash tariff policies are piling stress onto the companies that transport goods around the world. "This keeps supply chain partners in limbo about what's next and leads to ongoing disruption," said Rico Luman, senior economist for transport, logistics and automotive at ING Research. Live Events After talks this weekend in Geneva, the Trump administration lowered tariffs on many Chinese imports to 30% from 145%. China cut its tariffs on American goods to 10% from 125%. If a deal is not reach in 90 days, the tariffs could go back up, though Trump said Monday that they would not rise to 145%. Some importers may hold off on ordering from China, hoping for even lower tariffs later. Importers weighing whether to rush goods in over the next 90 days must also determine if suppliers in China can fill those orders and get them onto vessels by the end of July. Voyages from Chinese ports to the West Coast of the United States can take two to three weeks. Because the timing is tight, Gene Seroka, executive director of the Port of Los Angeles, does not expect a huge surge of imports in the coming weeks. "Ninety days is not a long runway for people in our business," he said. Seroka added that big retailers might have sufficient products at least for a while because they had brought in large volumes of goods before Trump's tariffs took effect in April. The 30% tariff is still high by historical standards, so importers may decide to pay it only for goods they really need. But others may rush in shipments across the board. Foreman said that while the 30% tax would pose a challenge to a medium-size company like his, it was manageable. He said he could discuss splitting the higher cost with his suppliers and the retailers that sold his products. At this tariff level, consumers can expect a roughly 15% increase in the price on some toys, he added. The tariffs are one of many shocks to supply chains in recent years. Spending during the coronavirus pandemic led to a deluge in imports that overwhelmed ports and shipping companies. And freight costs surged. Separately, low rainfall reduced the amount of water available to the Panama Canal, allowing fewer vessels to pass through. Then, in 2023, the Houthi militia in Yemen started attacking ships in the Red Sea, forcing most shipping lines to take a long detour around the southern tip of Africa. A dockworkers' strike last year at ports on the East Coast of the United States caused more disruption. Overall, supply chains functioned quite well after the upheavals of the pandemic. Using the huge profits they earned during the pandemic, shipping lines bought scores of new vessels. As a result, they had the spare capacity to handle surges in volume and big disruptions like the detour around Africa. The impact of Trump's tariffs has been easy to spot in trade data. In the last five weeks, bookings to ship containers from China to the United States were 45% below the level in the same period last year, according to data from Vizion, a logistics technology company, and Dun & Bradstreet. The Port of Los Angeles received 31% fewer containers last week than during the same week in 2024, while the number of vessels visiting the port was down 20%, Seroka said. Now, shipping lines may have to reorganize their networks again, straining capacity. As a result, shipping rates could rise as much as 20% in the short term, said Peter Sand, chief analyst at Xeneta, a shipping market analytics company.
