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You are here: Home / Archives for Chic & Current / Retail Watch

Canada Outflanks US—Europe Seizes $20B Battery Jackpot

June 19, 2025 by A.Fauve Schalkwyk

The US stumbled over red tape and political gridlock. At the same time, Canada launched a strategic coup in the electric vehicle (EV) battery sector, securing a $20 billion gigafactory investment with Volkswagen in Ontario.  It is not just about dollars but a seismic shift in North America's EV supply chain power dynamics. Canada's clean energy advantage, regulatory harmony, and trade ...

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Filed Under: Retail Watch

Chase Confirms Nation Wide Shutdown Of All US Branches For 24 Hours

June 19, 2025 by Michael Trenholm

Chase Bank is closing every single branch across the US for 24 hours on June 19, 2025. Yep, all of them. This isn’t a cyberattack or a banking crisis. It’s in honor of Juneteenth, the federal holiday that marks the end of slavery in the United States.  So if you were planning to stroll into a branch, maybe to cash a check or awkwardly ask for help with online banking, you’ll want to hold ...

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Filed Under: Chic & Current, Retail Watch

America’s Pre-Tariff Shopping Spree Is Coming to an End

June 19, 2025 by A.Fauve Schalkwyk

The U.S. is preparing for a new round of tariffs on Chinese goods, a unique shopping frenzy is winding down. For months, retailers and consumers have been racing to quickly buy up everything from electronics to everyday essentials, hoping to dodge looming price hikes. With the deadline for these tariffs are approaching, the rush is slowing, and both store owners and shoppers are bracing for the ...

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Filed Under: Chic & Current, Retail Watch

Once the Largest Retailer in the U.S. Is Now Left with Only 8 Stores

June 19, 2025 by A.Fauve Schalkwyk

Sears, once the great American retail giant with over 3,500 stores, is down to its last eight. Its apocalyptic collapse is not just a tale of one company's failure but a mirror to hold up to seismic shifts in retail, consumer culture, and capitalism itself.  Sears pioneered selling everything from houses to tools through its legendary catalog, a fact that is little known, forging American ...

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Filed Under: Retail Watch

284,000 Jobs Created After 1 Million Foreign Workers Leave US Labor Market

June 19, 2025 by A.Fauve Schalkwyk

The American labor market has just experienced a stunning shift: over 1 million foreign-born workers departed the job site, but 284,000 native-born American jobs showed up in that same period. This defies the politicized myth that immigrants do one thing and one thing only: take jobs from Americans. Rather, it reveals a complex labor reality in which a decrease in foreign labor leads to ...

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Filed Under: Retail Watch

New Export Shift from China Hits Global Markets as U.S. Tariffs Bite

June 19, 2025 by K. Sakoschek

The world's supply chains are realigning in real time—rumors of something historic have spread like wildfire across shipping hubs, boardrooms, and trading floors. A mysterious pattern is unfolding: China's export giant is re-directed, re-formed, and re-designed. What is driving this world shift? Which profits will take the biggest hit? Watch and wait—this is only the first round of an economic ...

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Filed Under: Retail Watch

LA Fashion Industry Loses $7.23B In One Week Over ICE Raids

June 19, 2025 by A.Fauve Schalkwyk

On June 6, 2025, the LA Fashion District, a fabric of 4,000 businesses and over 15,000 workers, was left reeling from a sweeping ICE raid at Ambiance Apparel, taking some 40 workers into custody and sparking protests citywide.  The response was quick and sharp: stores shuttered, pedestrian traffic froze, and an area teeming with activity just hours before turned into a ghost ...

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Filed Under: Retail Watch

Entire Chiquita Banana Workforce Laid Off In Panama

June 19, 2025 by Shay Brooks

Chiquita is one of the world’s largest banana exporters and has made quite a name for itself over the years. A recent shockwave was sent through the community when more than 6,000 workers in Panama lost their main source of income. This unprecedented decision follows weeks of labor unrest, strikes over pension reforms, and mounting financial losses, with Chiquita’s operations in the lush Bocas del ...

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Filed Under: Chic & Current, Retail Watch

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