Axalta Coating Systems will use Amber Road’s on-demand tool to automate restricted party screening, licensing determination, and document generation for its growing operations in 130 countries.
Columbia Group opens intermodal chassis depot
The Columbia Group of Companies is opening a new intermodal chassis depot in Bayonne, N.J. today, with Trac Intermodal slated be the facility’s first customer.
Leipzig/Halle Airport posts 10.1% rise in throughput
The German airport handled 88,336 tons of freight in October, a 10.1 percent increase from Oct. 2014.
GRI Roundup: CMA CGM
French ocean carrier CMA CGM issued general rate increases on various trades.
Environmental groups find 114 U.S. freight railway bridges potentially deficient
Nearly half of the 250 bridges observed showed signs of “significant stress and decay,” according to a new investigative report from environmental advocacy groups Waterkeeper Alliance and ForestEthics.
JCPenney Has Better-Than-Expected Q3, Highest Comps in 9 Years
Plano, TX—JCPenney today posted better better-than-expected third quarter sales, helped by demand for home, footwear, handbags and a strong performance by the Sephora shops in its stores. For the three months ended Oct. 31, the department’s net loss narrowed to $137 million, or 45 cents a share, from $188 million, or 62 cents a share, […]
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Fossil to Acquire Wearable Tech Innovator Misfit
Richardson, TX– Only weeks after introducing its first smartwatch collection, Fossil Group, Inc. announced Thursday that it plans to buy Misfit Inc. an innovator in wearable technology and stylish connected devices, for $260 million in cash and bank debt. The acquisition will enable Fossil to expand its offering of fashionable connected accessories. Misfit brings to […]
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Hermès Boasts Strong Q3, Maintains Growth Forecast
Paris—On the upper end, growth tends to be on target despite the slowdown in Greater Asia. On Thursday, Hermès reported its third quarter sales rose 7.9% on a like-for-like basis, helped by demand for its leathergoods and ready-to-wear. Sales reached 1.14 billion euros (about $1.23 billion. For its first nine months of 2015, the luxury […]
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Nordstrom Q3 Comps Disappoint, Lowers Forecast
Seattle–Nordstrom Inc. reported Thursday a smaller-than-expected comparable sales growth and a lowered forecast, sending its shares down 15% in after-market trading. For the three months ended Oct. 31, Nordstrom said net income fell to $81 million, or 42 cents per share, from $142 million, or 73 cents per share, a year earlier. Net revenue rose […]
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Bebe Narrows Q1 Loss but Sales Decline, Forecast Tepid
Brisbane, CA—bebe stores inc. reported today that its first quarter loss narrowed as total and comp sales declined. Its tepid forecast also disappointed Wall Street. For the three months ended Oct. 3, the women’s specialty retailer posted an adjusted loss of 16 cents a share, better than the 17 cents a share loss analyst expected. […]
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