Consumer Goods
Furniture prices climb since 2020 as new tariffs and costs add pressure
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Prices for key furniture categories have risen since the pandemic, even as they trail overall inflation. Fresh U.S. tariffs on wood products and broad import duties could push costs higher, industry figures and federal data indicate.
A review highlights IKEA's $3.99 Ankärllägg motion-sensor light as a renter-friendly solution for dimly lit closets. The battery-powered device sticks to surfaces without residue and illuminates spaces effectively. Testing shows it lasts up to 6 months under moderate use.
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Libstar Group, through its Rialto division, has integrated 55 General Mills products including Häagen-Dazs into its South African operations to target premium shoppers. This move comes amid a heatwave in the Northern and Western Cape, highlighting logistical challenges in the warmer climate. Sales have already exceeded targets in the past five months.
Costco Wholesale Corporation announced robust fourth-quarter earnings for fiscal 2025, with net sales rising 7.3% to $79.1 billion, surpassing expectations amid resilient consumer spending. The retailer also reported a membership fee increase that boosted revenue, though it faced pressures from e-commerce competition. This performance underscores Costco's enduring appeal in a challenging retail environment.