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Recent Articles from BridgeTower Media
President Trump delays higher furniture tariffs
WASHINGTON — President Donald Trump signed a New Year’s Eve proclamation delaying higher tariffs on upholstered furniture, kitchen cabinets and vanities for one year as trade negotiations continue with major partners. The order, signed on Wednesday, keeps in place a 25% tariff imposed in September on those imported goods but postpones steeper increases that were set to take […]
Scout Motors invests $300M in South Carolina supplier park
Scout Motors adds $300M investment in Blythewood · New supplier park will create about 1,000 jobs · Project boosts total economic impact to nearly
Lockheed Martin to cut jobs at Greenville F-16 site
Lockheed Martin is reducing its Greenville workforce following a U.S. Air Force decision not to extend its sustainment contract with the company. The cuts could mean a reduction of as many as 180 jobs or 10% of the workforce, according to reports. The Lockheed Martin site in Greenville’s South Carolina Technology & Aviation Center is […]
Bassett CEO Rob Spilman talks tariff strategy, supply chain resilience
Henry County’s Bassett Furniture is taking a solutions-focused approach to protect profitability and support its dealer network amid uncertainty.
Vaughan-Bassett sees strong domestic demand despite China tariff easing
Doug Bassett, president of Galax-based Vaughan-Bassett Furniture, said the recent developments and the ongoing uncertainty around trade are having a positive impact on the company’s business because it lacks much direct exposure to China in their supply chain.
Big Lots reopening 10 stores in Virginia
Big Lots returns with 132 store reopenings across 14 states in May, including stores in Chesapeake, Chester, Fredericksburg, Front Royal, Martinsville, North Chesterfield, North Prince George, Waynesboro, Winchester and Yorktown.
Retailers misjudge shopper priorities, loyalties amid rising costs, said Rakuten report
More than half of consumers say they plan to prioritize products with the lowest prices when shopping in the coming months, while only 5% of retailers think shoppers will choose to trade down to lower quality products and less expensive brands.
Could Hyundai be the Port of Charleston’s next big export customer?
The largest development project in Georgia history is open for business and there could be something in it for South Carolina, too, says the president and CEO of the Palmetto State’s port system. Hyundai Motor Group Metaplant America on March 26 celebrated the official opening of a plant that will produce Hyundai, Kia and Genesis vehicles […]
Inside South Carolina operations of the largest military shipbuilder in the US
A new division of the largest military shipbuilder in the U.S. is in full swing after establishing operations in South Carolina just two months ago. Newport News Shipbuilding-Charleston Operations, a facility in a division of Virginia-based Huntington Ingalls Industries, better known as HII, began in Goose Creek roughly 60 days ago. In two days, the […]
Blackstone completes Jersey Mike’s Subs acquisition
A spokesperson for Manasquan, New Jersey-based sandwich chain Jersey Mike’s Subs told NJBIZ that Blackstone completed its acquisition of a majority stake in the company Jan. 16. They added the terms of the deal remain unchanged from the private equity behemoth’s November 2024 announcement. Blackstone did not immediately respond to a request for more information. […]
