Early forecasts for ocean shipping are now being revised downward to reflect slower-than-expected volume growth.
Michael Kors Acquires Jimmy Choo, Stock Unwavering
Unless you’ve had your head in a leather bucket bag all day, you’ve probably heard about the Michael Kors/Jimmy Choo acquisition. Here’s what you need to know about it: Indeed, Michael Kors confirmed today that it will acquire luxury British footwear brand Jimmy Choo for $1.2B, or £896 million. The …
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Norma Kamali, Iris Apfel, to Speak on Vintage Panel at Intermezzo
What defines vintage? How can retailers use vintage to set their stores apart? How can salespeople inform themselves on the specifics of various vintage eras? How is vintage inspiring new designs and making what’s old new again? These questions and many more will be addressed at The Value of Vintage, …
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Nominate for 2018 Merchants Hall of Fame!
Retail might be tough but there are still outstanding merchants out there making a difference! Here’s your chance to acknowledge and reward your best and hardest-working merchant partners. Send nominations for Accessories Magazine’s 8th Annual 2018 Annual Merchants Hall of Fame Awards to 2018HallofFame@ubm.com. All nominations are strictly confidential. Since those already …
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Tech celebs behind $62m Convoy investment
Some of the biggest names in technology, including Jeff Bezos, Marc Benioff and Bill Gates, were involved in the latest funding round for Seattle-based freight matching marketplace Convoy.
Opposition to new LA-Long Beach clean air plan grows
Since the Clean Air Action Plan draft plan was released July 19, some entities that have a stake in the strategy, including the Pacific Merchant Shipping Association and Teamsters, have announced their opposition to components of the proposed update.
HMM’s Asia-U.S. West Coast volumes rise 77% year-over-year
Hyundai Merchant Marine (HMM) has seen a huge jump in volumes in the transpacific trade following the departure of fellow South Korean carrier Hanjin and the most recent carrier alliance shake-ups earlier this year.
Report: U.S. infrastructure plans may take a back seat to tax reform
With Washington focused on health care laws and Republicans aiming for immediate tax reform, Trump’s infrastructure plans may not materialize until much later than anticipated, according to a recent report from The Hill.
Werner increases earnings 27% in Q2 2017
Trucking and logistics provider Werner Enterprises’ net income for the second quarter of 2017 shot up 27 percent year-over-year to $23.2 million on the back of improved freight volume metrics, according to the company’s most recent financial statements.
Port of Oakland declares itself ready for record peak season imports
The Northern California port could possibly see record setting peak-season import volumes, but cargo should still flow smoothly in and out of its terminals, according to Port of Oakland Maritime Director John Driscoll.