Meanwhile, a Navy tugboat is en route to the last known location of the ill-fated cargo vessel near Crooked Island, Bahamas carrying equipment to search for the sunken remains of the El Faro, including the voyage data recorder.
ICSC: Apparel, Accessories Sales to Rise 3.3% This Holiday Season
New York–The latest forecast for Holiday 2015 sales is another optimistic one, this time from the International Council of Shopping Centers (ICSC). More Americans are planning holiday-related purchases this year than in 2014 – and those who plan to shop will spend more over a longer period of time. The ICSC Consumer Forecast shows 90% […]
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Brooks Brothers Enters Joint Venture to Expand in China
New York, Hong Kong, Beijing and Shanghai–Brooks Brothers Group, Inc has joined forces with Walton Brown Group, a subsidiary of The Lane Crawford Joyce Group, Asia’s premier fashion retail and brand management group, to form a joint venture that will drive Brooks Brothers’ market expansion throughout Greater China. The 50/50 joint venture, with an initial […]
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Retail Design Institute of NY Announces Winning Student Design at Annual Iron Design Challenge
New York–Retail Design Institute New York Chapter (RDI) hosted its annual “Iron Design” Student Challenge at Steelcase in Columbus Circle. Five teams of students from top NY design schools raced against the clock to create a winning holiday pop-up shop design. Ultimately the “Best Design” Award went to “Team Orange,” comprised of students from Fashion […]
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MSC to discontinue Far East-Black Sea string
The ocean carrier’s decision to withdraw its joint Great Sea service operated with 2M Alliance partner Maersk Line is due to low demand out of Asia, according to Mediterranean Shipping Co.
Port consultant: Marine terminals not ‘congested’ if underused
Container terminals at global top-12 cargo gateways are not even using half of their quay crane capacity, so they can’t truly be considered congested, according to CTI port export Andy Lane.
Bahri posts 501.4% increase in Q3 net profits
The National Shipping Company of Saudi Arabia, Bahri, posted net profits of 510.3 million riyals for the quarter ending Sept. 30, 2015 and 1.25 billion riyals for the first nine months of 2015.
Appeals court upholds sentencing of Sea Star executive
The 1st Circuit Court of Appeals has upheld a five-year sentence for Frank Peake, the former president of Sea Star Line.
Reinsch retires from NFTC
Bill Reinsch, an outspoken proponent of free trade, has announced that he will retire as head of the National Foreign Trade Council in April 2016.
United Continental CEO Munoz suffers heart attack
The airline said Friday CEO Oscar Munoz had been admitted to the hospital, but did not provide any additional details.