Lisa Fickenscher

1 month ago | nypost.com | Lisa Fickenscher

Nike raised prices by as much as $10 on many of its best-selling sneakers – but the struggling sneaker giant refused to blame the spike on tariffs. The Beaverton, Ore.-based company – which produces most of its apparel and sneakers in China and Vietnam – hiked prices on its Nike.com website by 2% to 6% on popular footwear including Air Max 270, Vomero 5 and Zoom Fly 6, according to a BMO Capital Markets price check released Wednesday.

1 month ago | nypost.com | Lisa Fickenscher

US companies rushing to import their goods from China before the 90-day reprieve on stiff tariffs expires will be socked with an unexpected spike in shipping fees – leading to higher prices on store shelves, The Post has learned. Major carriers, including Hapag-Lloyd, announced plans to increase shipping rates for a 40-foot container between China and West Coast ports to $6,500 from $3,500, beginning June 1, according to several companies that will be hit by the hike.

1 month ago | nypost.com | Lisa Fickenscher

Big Lots went belly up last year because it chased away budget-conscious customers with high prices and pushed merchandise they didn’t want, the discount retailer’s new owner told The Post. The once-popular close-out sale chain declared bankruptcy last September after 57 years in business and abruptly shuttered all 1,392 stores, blaming “high inflation” and the inability of its “core customers’” to buy discretionary goods.

1 month ago | nypost.com | Lisa Fickenscher

A makeshift hotel in Greenwich Village that was renting out rooms on Airbnb became the first property to get sued by the city for attempting to evade its crackdown on short-term rentals. Incentra Village House, bills itself as “The First Gay Inn in Manhattan,” ran afoul of the city’s 20-month clampdown, known as Local Law 18, for operating an illegal hotel, according to the complaint filed in State Supreme Court of New York on Monday.

1 month ago | nypost.com | Lisa Fickenscher |James Franey

The Trump administration is weighing a plan to slash the 145% tariff on Chinese imports by more than half — effective as soon as next week — as top US and China officials head to Switzerland for high-level trade negotiations, The Post has learned. Specifically, US officials are discussing a proposal to lower President Trump’s punishing levy on China goods to between 50% and 54% as they begin what promise to be lengthy talks to hammer out a trade agreement, sources close to the negotiations said.