business news in context, analysis with attitude

• The Wall Street Journal has a story about how some major suppliers have struggled to raise prices - despite the fact that they’ve “long relied on selling new or improved versions of products at higher prices to boost growth” - because of three factors. First, there’s weak inflation. Second, Amazon is driving down consumer prices. And third, there is “less brand loyalty as consumers use the internet to shop around.”

• The New York Times reports that “Dick’s Sporting Goods plans to destroy the assault-style rifles and accessories it agreed to take off its shelves in February instead of returning them to manufacturers.

“It is the latest action taken by the Pennsylvania retailer that agreed to ban the sale of assault-style rifles at its 35 Field & Stream stores, and to stop selling firearms and ammunition to anyone younger than 21.” That ban was implemented in the days following the school massacre in Parkland, Florida, last February, which left 17 people dead.
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