The parcel carrier, many of whose clients are large retailers, was hit hard by a holiday shopping season that “fell far short” of expectations, according to court filings with the U.S. Bankruptcy Court in Newark, N.J.
Trucking carrier introduces safety-based pay incentives
Effective March 1, 2016, truckload carrier U.S. Xpress will increase base mileage pay by an average of 13.5 percent for solo drivers with clean driving records for the previous 12 months.
Executive moves: Port Corpus Christi, Polymer Logistics and HMI/Gulf Marine
Port Corpus Christi lines up 2016 commission officers, while Polymer Logistics names sales VP and HMI/Gulf Marine appoint new CEO.
Tiffany Cuts Outlook, Jobs as Holiday Sales Decline
New York—Tiffany & Co today reported lackluster holiday sales, blaming the strong U.S. dollar and weaker tourist spending for its downturn. Besides lowering its forecast, the retail jeweler also plans to cut jobs. Global net sales declined 3% on a constant exchange-rate basis, and comparable store sales fell 5% in the two months ending Dec. […]
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Macy’s Inc. Stock Jumps on News of Possible Real Estate Deals
New York—With the news that it will be closing stores, cutting jobs and lowering its forecast, Macy’s Inc.’s stock had been taking a beating. Today, it rose as much as 5.6% in early trading upon the news that Greenlight Capital took a stake in the retailer. The news continued with speculation that a private equity […]
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DMI’s Top 10 Mobile In-Store Retailers: Who Made the List?
Bethesda, MD—JCPenney, American Eagle Outfitters, Target and Walmart have been in the news recently over lowered foot traffic, missed earnings or sales and restructuring/restrategizing. But there’s one area where these retailers are excelling, And that’s the quality of mobile experience they are providing shoppers. All four made it into the Top 10 such retailers. In […]
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Brentwood Associates Buys Boston Proper from Chico’s
Los Angeles–Brentwood Associates, a private equity investment firm, announced today that it has acquired Boston Proper direct-to-consumer business from Chico’s FAS, Inc. Terms of the agreement were not disclosed. Boston Proper is a Boca Raton, Florida-based multi-channel retailer of women’s apparel and accessories. In partnership with existing Boston Proper management, including Boston Proper President/Chief Merchandising […]
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ShopperTrak Launches New, “Groundbreaking Analytics Platform”
Chicago and New York–ShopperTrak, provider of consumer behavior insights and location-based analytics, introduced its new Advanced Analytics platform, which seamlessly integrates multiple data sets into a centralized location, providing retailers and mall owners what they call “an unparalleled” view of what’s going on at retail. Introduced at Javits Center during the NRF Big Show, Advanced […]
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NEWS FLASH: Ports America, TIL to exit Port of Oakland
The Northern California port says there is ample capacity to absorb cargo business at other Oakland terminals after a “unilateral” decision to depart by the joint operators of Outer Harbor Terminal LLC.
Industry advocates call for container weight regulations to be clarified on national level
European terminal operators say they want implementation guidelines for the new IMO rules requiring shippers to provide the verified gross mass of containers that “do not create competitive distortions between member states.”