Business

Wednesday’s business headlines

INDIANAPOLIS (WISH) — Here’s a look at Wednesday’s business headlines.

iPhones

Apple will repair faulty iPhone 12 and 12 Pro speakers for free.

Apple said a faulty receiver component caused sound issues on a small percentage of iPhone 12 and iPhone 12 Pro.

Dollar Tree

Dollar Tree is raising prices for good moving its price point higher by a quarter to $1.25.

The company notes that it has managed to hold prices at $1 for 35 years. This decision comes after a testing process that began this past summer and was introduced in September as part of a company transformation plan.

Best Buy

Best Buy CEO Corie Barry said rising theft is hitting the company’s profits and could hurt employee retention at a time when the labor market is tight.

She says the retailer has seen a noticeable jump in organized crime, with people coming to stores to steal consumer electronics – and in some cases, bringing a weapon such as a gun or a crowbar.

She said the company will prioritize the safety of customers and employees, even if that means criminals are running out the door with thousands of dollars of merchandise.

Retail stores

Major U.S. stores will be closed Thursday but some retail staff will still be working on Thanksgiving.

Black Friday is quickly approaching and retailers need workers to prepare for the biggest shopping day of the year.

Supply chain and service center workers will still work on Thanksgiving.

The extended shopping season means that stores can close on Thanksgiving without much of any impact on sales.

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