• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Houthi Attacks Might Make American Kids’ Teddy Bears More Expensive
Business

Houthi Attacks Might Make American Kids’ Teddy Bears More Expensive

March 21, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
YEMEN-ISRAEL-PALESTINIAN-CONFLICT-HUTHI-SHIP
Share
Facebook Twitter LinkedIn Pinterest Email

Houthi rebel attacks in the Red Sea have increased international shipping costs for companies like Build-A-Bear, leading the company to consider raising prices for consumers, according to The Wall Street Journal.

Toy retailer Build-A-Bear is considering selectively raising prices due to continued elevated shipping expenses after trying to absorb the costs since the conflict in the region first began, according to the WSJ. Iran-backed Houthi rebels from Yemen are behind the attacks on commercial shipping through the popular trade route in the Red Sea, so far sinking 50 ships since the attacks began in November. (RELATED: ‘You Need To Check Yourself’: Fed Chair Warns Not To Dismiss Recent High Inflation Reports)

“We are seeing some elevated costs; we don’t believe that’s going to be there in perpetuity, but for the foreseeable future,” said Voin Todorovic, chief financial officer of Build-A-Bear, according to the WSJ.

Costs for shipping in the Red Sea are seeing upward pressure from increased travel times as companies reroute around the troubled area, adding time and extra expenses. Additionally, the need for and price of specialty war risk insurance have increased dramatically.

The disruptions have pushed up shipping rates across the world, not just through the Red Sea, with the cost of shipping a container from China to the U.S. through the Pacific jumping by 163% since November as of March 15, according to the WSJ. So far, many companies have tried to absorb the costs instead of passing the expenses down to cash-strapped consumers.

Shipping disruptions in the Red Sea and their global implications 👇 https://t.co/WMaXhE066Q pic.twitter.com/S7osDig4fa

— Fernando Leibovici (@LeiboviciF) March 21, 2024

Companies like Build-A-Bear have been hit particularly hard by recent inflation, making price hikes more difficult as consumers pull back from buying non-essentials like toys for kids, according to the WSJ. Mattel, Dick’s Sporting Goods, Gap and Colgate-Palmolive have noted in recent weeks that they are also monitoring the situation in the Red Sea for cost changes.

See also  Top American CEOs Are Quietly Jet Setting To China To Reforge Business Ties As US Relations Sour

Many companies have been wary of raising prices on consumers as inflation continues to run hot under President Joe Biden, with many resorting to shrinking product sizes instead as costs rise so as to not dissuade shoppers. Inflation remains elevated, most recently measuring 3.2% in February, far higher than the Federal Reserve’s 2% target.

“As long as the conflict continues, the rates have to stay inflated,” Ian Arroyo, chief strategy officer at Freightos, told the WSJ. “And it doesn’t look like it’s going to be resolved any time soon.”

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

American Attacks Bears expensive Houthi kids Teddy
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025

Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

May 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Walt Disney Co. Reports Earnings Today. What to Expect.

August 9, 2023

Zelensky Inbound for (Another) Washington Visit as Congress Debates $24+ Billion in Ukraine Aid

September 17, 2023

All Panera Stores Displaying Warning About Its Caffeinated Lemonade Following Lawsuit Over Customer’s Death

October 29, 2023

Wells Fargo repays clients $40 million for investment advice fees

August 26, 2023
Don't Miss

Trump Announces First Post-Tariff Trade Deal

Business May 8, 2025

President Donald Trump announced Thursday the U.S. has reached a trade agreement with the U.K.,…

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,110)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,626)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Gerard Depardieu accused of sexual harassment by 13 women

April 15, 2023

“They needed the GOAT”, “Folded to Messi” – Fans cannot control excitement as Lionel Messi returns to line-up after PSG suspension

May 14, 2023

REPORT: Critics Say PR Firm Paid Them To Boost Movies’ Rotten Tomatoes Scores

September 7, 2023
Popular Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.