Ocean carriers CMA CGM, Hapag-Lloyd, MOL and OOCL issued general rate increases.
NEWS FLASH: CMA CGM to acquire NOL for $2.4b
The deal would merge the world’s third largest and 12th largest container carriers, creating a combined company with 563 ships with capacity of about 2.4 million TEUs and annual revenues of $22 billion.
CMA CGM to acquire NOL for $2.4b, bring APL into Ocean3 Alliance
The deal would merge the world’s third largest and 12th largest container carriers, creating a combined company with 563 ships with capacity of about 2.4 million TEUs and annual revenues of $22 billion.
Faced with Tough Comparisons, November Comp Stores Sales Flat
New York—While shoppers looked for doorbuster deals, a look at the November comparable store sales finds somewhat of an improvement over a year ago. Retail Metrics reported Thursday that November comparable store sales were basically flat, beating its own estimate for a 1.1% decline. In October retail same-store sales slipped 0.4%. Only about a dozen […]
The post Faced with Tough Comparisons, November Comp Stores Sales Flat appeared first on Accessories Magazine.
J.Crew Brand Loses Clout as Sales Continue to Decline
New York—J. Crew reported Thursday afternoon that its third quarter results decline in sales mostly due to its ailing J. Crew brand which has lost much of its brand cachet. For the three months ended Dec. 3, J. Crew reported deepening losses of $760 million in the third quarter–25% below a year earlier. Net revenue […]
The post J.Crew Brand Loses Clout as Sales Continue to Decline appeared first on Accessories Magazine.
Research Shows a Staggering 24% of Consumers Have Been Duped by Online Counterfeiters
San Francisco—Almost one quarter of consumers have bought a product online that turned out to be counterfeit, including fashion or footwear, electronics and digital content. This is according to new research commissioned by MarkMonitor, a leader in enterprise brand protection. The survey, conducted by a leading market research company Opinium, analyzed the online shopping habits […]
The post Research Shows a Staggering 24% of Consumers Have Been Duped by Online Counterfeiters appeared first on Accessories Magazine.
Columbus Circle Holiday Market Launches at Historic Site
New York—Situated at the dramatic Columbus Circle intersection abutting Central Park West, the Columbus Circle Holiday Market, curated by Urbanspace launched Tuesday at and will be open daily through Christmas Eve. Near the southwest entrance of historic Central Park, the Columbus Circle Holiday Market features over 100 local artisans and a fully decked food court where shoppers can […]
The post Columbus Circle Holiday Market Launches at Historic Site appeared first on Accessories Magazine.
NS rejects acquisition offer from Canadian Pacific
Norfolk Southern said in a statement it is better off sticking with its existing strategy, adding that it thinks a merger of that size would have faced slim odds of being approved by regulators.
NLRB upholds decision against ILWU slowdown in Portland
Following the National Labor Relations Board ruling, ICTSI Oregon, operator of Portland’s sole container terminal, is calling on the International Longshore and Warehouse Union to get the facility back to full productivity.
Spot container rates drop again after surging last week
Although rates from Shanghai to the Mediterranean rose 24.6 percent since last week, rates from Shanghai to Northwest Europe sank 50.4 percent.