The company is in the process of revamping its assortment of merchandise as Nike Inc. shifts its products away from retailers.
inflation
Posted inBusiness, Nation & World, News
Thanksgiving feast will cost 20% more this year as stuffing breaks the bank
The biggest bump is for stuffing, up 69%, due to the Russian invasion of Ukraine causing a shortage of flour.
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Posted inBusiness, Nation & World, News
U.S. wholesale inflation eases to 8%, its 4th straight slowdown
The figures came in lower than economists expected and make it more likely that the Federal Reserve will increase its benchmark interest rate in smaller increments.
Posted inNation & World, News, Politics
Abortion bumped inflation to the back burner
Anti-abortion advocates pointed to a dozen Republican governors who have signed anti-abortion legislation and won reelection by wide margins.
Posted inBusiness, Nation & World, News
On election eve, the state of the U.S. economy is a blurry one
From certain angles, the nation’s economic picture looks like a healthy one, but it’s being photo-bombed by an unsightly intruder: Chronically high inflation.
Posted inBusiness, Nation & World, News
Key issue as Fed meets this week: When to slow rate hikes?
Fed officials have stressed that they need to raise rates significantly to tame inflation, which has caused hardships for millions of households.
Posted inEditorials, Opinion
Our View: Inflation should not take center stage this election
When we act as if elected officials have responsibility for the host of economic variables that got us here, we let the ungovernable distract us from the governable.
Posted inBusiness, Food, Maine, News, Uncategorized
Challenge at the checkout: Mainers struggle to keep up with rising grocery prices
Historic inflationary pressures are making it difficult to put food on the table, forcing shoppers to scout for deals and cut back.
Posted inOp-eds, Opinion
Jim Fossel: So you can’t fight inflation. How about not adding to it?
When it comes to tempering the cost of living, President Biden could have done a whole lot more by doing a whole lot less.
Posted inElection 2022, Maine, Politics
In a city of divided loyalties, Lewiston voters cite economy and abortion as top concerns
Both Gov. Janet Mills and former Gov. Paul LePage have carried the city on their previous paths to the Blaine House.