Instant Pot maker seeks bankruptcy protection as sales go cold.
Inflation has buffeted consumers after a pandemic-fueled binge on goods for the home, but spending has also moved elsewhere as people are again able to travel, or go to restaurants and shows.
Dollar and unit sales have declined 20% from last year in the period ending in April, according to the market research company NPD Group. U.S. manufacturers have also been hit, like consumers, by elevated inflation and higher interest rates.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Instant Pot's Parent Company Files for BankruptcyThe popular gadget's parent company Instant Brands is also responsible for Pyrex cookware, CorningWare, and Chicago Cutlery.
Baca lebih lajut »
Pyrex kitchenware maker files for Chapter 11 bankruptcyInstant Brands, the maker of Pyrex kitchenware, filed for bankruptcy on Monday, saying it had too much debt to withstand rising interest rates and tighter credit conditions.
Baca lebih lajut »
NYC’s oldest butcher shop teeters on bankruptcy, pleads for helpStaubitz Market has been slinging steaks from its 222 Court St. storefront since 1917, but a number of factors are making its future hang in the balance.
Baca lebih lajut »
Lightroom Mobile 'Instant Access' Eliminates Need to Import PhotosAdobe has updated Lightroom Mobile with a new feature that lets photographers edit and share their images even faster.
Baca lebih lajut »