Red Sea news and archive

Red Sea attacks reportedly impacting Matalan stock

British fashion retailer Matalan is understood to be tackling stock issues in light of the ongoing attacks in the Red Sea, where container ships are facing delays. As such, the company is said to be undergoing its own setbacks, according to Retail Week, which noted that many ships are being forced to reroute around South Africa. A spokesperson...

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Retailers in race to secure inventory amid Red Sea attacks

While it may appear that the world could not have become any more tumultuous, retailers are now facing another challenge against their supply chain. Since mid-November 2023, the Yemen-based Houthi rebel group has been attacking commercial ships in the Red Sea, in what is yet another instance that possibly threatens to disrupt business operations...