Access here alternative investment news about Global Industrial Company Raises Dividend But Faces Short-term Margin Pressure (gic) | Seeking Alpha
LPNEWS
I have been discussing Global Industrial Company (NYSE:GIC) in the past, and you can read the latest article here, published on January 9. The company continues strengthening its e-commerce sales channels and traditional marketing efforts. Its competitive pricing initiatives, including actions to lower freight costs and promotion, should gradually improve its operating margin in 2024. On top of that, the cash flow improvement in 2023 should also improve investors' sentiment. However, industry activity in the US has moderated in 2024. Given the current volatility in international sea routes, managing the freight cost structure will be challenging in the near term.

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