Topics to be covered at the yearly Customs and Border Protection event, scheduled for Nov. 4-5, include the Single Window for entry processing, the WTO’s Trade Facilitation Agreement, North American Customs collaboration and global supply chain issues.
AlixPartners: Some carriers struggling to pay for capex, debt
The consulting firm’s Hong Kong director says a proportion of carriers are still not generating enough cash to pay for ship building programs, or worse, to pay off debt, though the industry as a whole is getting better financially.
UPS announces 2016 rate hikes
The rate and surcharge changes are intended “to address the impact of increased costs, changing demand for select UPS products and other market factors,” the parcel and logistics company said in a statement.
Former Macy’s DMM Joins Haskell Jewels as EVP
Garth Leas has joined Haskell Jewels as Executive Vice President of Merchandising Licensed Brands, Jewelry and Timepieces. Prior to this position, he was at Macy’s for 24 years, most recently as DMM Fashion Jewelry, and Fashion and Fine Watches. An outstanding merchant with a strong industry following, Leas was inducted into Accessories Magazine’s Merchants Hall of Fame in […]
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Macy’s Releases Holiday Shopping Survey Results
Macy’s is gearing up for the holidays. The retailer polled more than 5,000 Macy’s shoppers (ages 18+) about their holiday spending plans. The survey results show that clothing and gift cards top the list of categories for holiday spending this season, with shoppers planning to spend an average budget of $1,211. Millennial Macy’s shoppers (ages 18 to 35) […]
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Marshal Cohen’s NPD Blog: “Showcasing” Shakes Up Retail
As part of our ongoing Industry Experts column, we are reprinting a blog posting from Marshal Cohen, Chief Industry Analyst for NPD Group. The original post ran here. “Showcasing” Shakes Up Retail Ironically, the increasing number of consumers migrating to online shopping has reinforced the importance of brick-and-mortar stores, making them the latest differentiator in […]
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Crew member family files $100m lawsuit against owners of El Faro
Attorney Willie E. Gary, who will represent the family of one of the former crew members of the ill-fated cargo vessel, claims the ship was unseaworthy and that “somebody has to pay” for the 33 people lost in the wreck.
Hapag-Lloyd gives price range for shares in IPO
The German-Chilean ocean carrier has set a price range of of 23 euros to 29 euros per share and expects gross proceeds of $300 million from its initial public offering scheduled to to begin Oct. 30.
U.S. peak season imports exceed 2014 levels
Solid demand for holiday supplies has pushed up U.S. imports in advance of the shopping season, according to trade research firm Zepol and the National Retail Federation.
Seabury urges container lines to focus more intently on specific sectors
The ocean trade consultant says carriers need to better understand potential customers’ product mixes and consumer markets before chasing them with low rates in low-demand environment.