All news by author: Lisa Fickenscher
• Business • Views: 457
Overseas travel to US continues to tumble as Trump imposes travel bans, tariffs
Travel to the US tumbled 3.1% in July -- the latest in a slew of monthly declines as the Trump administration imposes strict curbs on travel and pursues tough negotiations on trade.
• Business • Views: 597
NYC upscale supermarket chain Morton Williams sold to ShopRite owner
The grocer, founded by the Sloan family since 1952, will continue to operate its 17 Big Apple locations under the Morton Williams banner, co-owner Avi Kaner said.
• Business • Views: 945
Marriott lowers its annual revenue and profit expectations as travel demand to the US weakens
Marriott International, the world's largest hotel chain, reduced its annual projection for revenue increase and earnings due to a slowdown in travel demand within the US, the company announced on Tuesday
• Business • Views: 671
American toy manufacturers are being severely impacted by tariffs on China and have issued serious warnings if the situation isn't resolved quickly
"Toy prices have already increased significantly," said Isaac Larian of MGA Entertainment
• Business • Views: 920
Customers are losing interest in Lululemon, and the brand is facing pressure from competitors
The luxury yoga apparel brand, known for its $100 leggings, has recently been offering discounts at "alarming rates" while simultaneously losing customers to its rivals, according to recent research from investment bank Jefferies
• Business • Views: 761
Sales at Saks Fifth Avenue and Neiman Marcus drop following merger, while Bloomingdale's and Nordstrom experience an increase: report
According to a report, Saks Fifth Avenue and Neiman Marcus, luxury retail giants, have experienced significant double-digit drops in sales since their major merger last year, whereas more budget-friendly competitors like Bloomingdale's and Nordstrom have enjoyed a boost in sales
• Business • Views: 705
Exclusive | Gold-selling frenzy in NYC’s Diamond District sparks cash shortages: ‘This is a new experience’
As gold prices hit all-time highs, owners of vintage baubles and family heirlooms are scrambling to trade them for dollars -- and the frenzy has sparked a cash shortage across New York City's Diamond District, The Post has learned.
• Business • Views: 1080
Looking to sell your gold to NYC’s Diamond District? Follow these steps to get the best deal
"If you are selling stolen goods you are not going to come to my business," Ben Tseytlin of Bullion Exchanges said.
• Business • Views: 456
Exclusive | Expensive wines, such as two cases priced at $90,000, are at last being returned to Sherry-Lehmann customers after a two-year delay: 'It’s time to drink.'
Thousands of bottles of rare and pricey wines – among them a collection of 1982 Petrus valued at up to $90,000 – are now awaiting their return to their proper owners after being stored for the last two years in the depths of a suburban office park, The Post has discovered
• Business • Views: 671
Defunct NYC wine shop Sherry-Lehmann sues ex-owners, Pulitzer-winning NYT journalist over ‘press smear campaign’
Defunct New York City wine shop Sherry-Lehmann has filed a bizarre lawsuit that blames its spectacular implosion two years ago on its former owners -- as well as a Pulitzer Prize-winning journalist.
• Business • Views: 411
Exclusive | This NYC boutique is making a killing on used Hermès bags — even as tariffs slam the luxury sector
Tariffs may be rattling the retail world, but they aren’t stopping New York’s wealthiest women from dropping $15,000 on luxury handbags — even if they’re secondhand.
• Business • Views: 823
Exclusive | Chinese vendor on Amazon sold 'faulty' tools allegedly associated with fatalities and severe injuries: lawsuits
Tools and hardware that are reportedly faulty and sold by a China-based vendor on Amazon have been connected to two fatalities and at least one severe injury, marking the latest development..
• Business • Views: 1054
US business owners cheer court ruling on Trump’s tariffs— but still hedge their bets as chaotic battle plays out in courts
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.
• Business • Views: 1130
Shipping expenses are expected to double as businesses hurry to bring in products before the China-US trade truce concludes
"There aren't any rules or guidelines that restrict how much these shipping companies can charge," stated Basic Fun CEO Jay Foreman
• Business • Views: 448
Exclusive | Sources say the US is considering a plan to reduce tariffs on China to as low as 50%, down from the current 145%, potentially as soon as next week
The Trump administration is considering a proposal to cut the current 145% tariff on Chinese imports by over 50% — potentially starting as early as next week — as senior officials from the US and China prepare to meet in Switzerland for significant trade discussions, The Post has learned
• Crime • Views: 623
Former Kohl’s CEO shared a LinkedIn video of their partner three months prior to the scandal surfacing: 'No surprise you were revealed'
Three months ago, the ousted CEO of Kohl's, Ashley Buchanan, shared a video on LinkedIn featuring the glamorous retail expert with whom he unwisely mingled business and personal life. This social media blunder may have contributed to his dismissal this week, The Post has discovered
• Business • Views: 936
Kohl’s fires new CEO Ashley Buchanan for steering business to former romantic partner
Kohl's canned its chief executive -- hired just four months ago -- after an investigation showed that he violated the retailer's conflict of interest policies, the company said on Thursday.
• Business • Views: 937
More US shoppers paying for groceries with ‘buy now, pay later’ loans: survey
A growing number of Americans are turning to ‘buy now, pay later’ loans for groceries as they grapple with stubborn inflation, stiff interest rates and uncertainty around Trump's tariffs, according to a survey.
• Business • Views: 584
Businesses are resorting to risky tactics to dodge Trump’s 145% tariff on Chinese products
Businesses across the US and China are scrambling to find ways to skirt President Trump’s steep tariffs on Beijing imports – and some are resorting to risky tactics to run the goods through other countries, The Post has learned.
• Business • Views: 427
Trump tariffs have small businesses bracing for ‘the end,’ freezing overseas orders: ‘Huge amount of strain’
Small business owners who sell goods made in China and Vietnam are delaying orders ahead of tariff hikes that take effect Wednesday -- with many fearing an extended trade war will force them out of business.
• Business • Views: 535
Airlines preparing for challenges as Trump tariffs pose a risk to travel demand
Major US airlines are anticipated to revise their 2025 forecasts downward as they start reporting earnings in the next few weeks, and some have already issued warnings
• Business • Views: 1013
Here’s how much more Nike’s Air Jordans could cost after tariffs hit
Those looking to pick up a pair of the brand's Air Jordan 1 High sneakers could shell out an extra $18 bucks on top of their current $180 price tag when the new tariff goes into effect April 9, industry sources told The Post.
• Business • Views: 596
Macy's is reclaiming executives' bonuses that were tied to an accounting scandal caused by a rogue employee
The department store inadvertently overcompensated several executives by $609,613 after realizing that an employee had secretly hidden up to $154 million in delivery costs over recent years, which had falsely boosted the executives' compensation
• Business • Views: 433
Exclusive | French chef passes away after putting down a $210K deposit for a New York City restaurant, and 'unsympathetic' landlord denies refund to his widow
A French chef unexpectedly passed away last month after he and his wife invested over $200,000 to launch their dream restaurant in New York City. Now, a "heartless" New York City landlord is declining to return the family's life savings, The Post has learned
• Business • Views: 1108
Nike's stock drops sharply after the sneaker giant warns of potential double-digit sales decline
Nike's stock dropped on Friday as investors became concerned about new CEO Elliott Hill's turnaround strategy, following the struggling sneaker company's warning that sales might fall significantly by double digits
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