U.S. retail spending declined 1% from February to March as falling sales at stores and gas stations offset rising online revenues. (WSJ)
Walmart is selling Bonobos for a fraction of what it paid for the menswear brand, as it unwinds some of its e-commerce plays. (WSJ)
Boeing is pausing delivery of some 737 MAX jets because of incorrectly installed parts. (WSJ)
Best Buy is cutting hundreds of store jobs across the U.S. as the electronics retailer shifts more business online. (WSJ)
Companies nearly doubled their U.S. manufacturing commitments last year, to more than $200 billion, after Congress passed sweeping subsidies. (Financial Times)
Vietnamese factories are reporting a sharp decline in orders from overseas buyers. (Nikkei Asia)
South Asia apparel suppliers say major brands are strong-arming them to slash prices, in some cases below breakeven rates. (Sourcing Journal)
U.K. retailer Sainsbury’s is undertaking an approximately $270 million overhaul of its logistics operations that will include shifting about 3,000 workers to its third-party providers. (The Loadstar)
Retailer David’s Bridal is laying off more than 9,000 U.S. workers as the retailer evaluates “strategic options.” (Philadelphia Inquirer)
Parcel carriers are starting to implement dynamic pricing that adjusts rates based on supply and demand. (Supply Chain Dive)
The U.S. Energy Department approved a plan $39 billion liquefied natural gas export terminal in Alaska. (Maritime-Executive)
VesselsValue says older, medium-range crude tankers are selling for the highest prices since 2008. (TradeWinds)
Russia’s oil exports rose in March to the highest level in three years. (Lloyd’s List)
Interact Analysis projects warehouse construction worldwide will fall by 35% this year from 2022. (Supply Chain Quarterly)
Local authorities approved a plan to turn a former Honda plant in the U.K. into a 7.2 million-square-foot industrial and logistics development. (Logistics Manager)
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