The following governmental notices may be of interest to our members and the trade. In addition to the 2017 Harmonized Tariff Schedule, additional items Published this week include: Reminder of APHIS’ Notice addressing the new CITES Requirements for Rosewoods that took effect January 2, 2017; CPSC’s Proposed Amendments to Procedures for Disclosure or…
Yes, the Shoe Fits! Why You Should Carry Shoes in Your Store
In recent years, department stores and specialty chains have stepped up their footwear game with revamped, expanded and elevated shoe departments. Macy’s has the largest shoe department in the world at 66,000 square feet, while Saks Fifth Avenue’s 10022-SHOE department has its own zip code. Barneys has a 22,000 square …
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KPOP@Nordstrom Features Virtual Reality Element
For the first time Nordstrom is unveiling a three-part shop in its series of pop-up shops, aptly titled KPOP-IN@Nordstrom, featuring the exciting and vibrant cultures of Korean fashion and beauty. Conceptual eyewear line Gentle Monster launches the ser…
Moves: Coach Names New CFO; Nordstrom CTO Leaving
Coach, Inc. announced the appointment of Kevin G. Wills as Chief Financial Officer, effective no later than March 2017. Mr. Wills joins Coach from AlixPartners LLP, a global business advisory firm, where he has served as Managing Director and Chief Financial Officer since March 2014. “Kevin brings nearly 30 years of broad-based and relevant retail and …
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Drewry: Spot container rates on major East-West routes hit 20-month high
The World Container Index has increased by 62 percent since the bankruptcy of Hanjin at the end of August 2016, London-based shipping research and consulting firm Drewry said.
Port of Portland sues Monsanto over PCB contamination
The Pacific Northwest port has filed a lawsuit in U.S. District Court in Oregon, alleging agrochemical manufacturer Monsanto was aware of the danger posed by polychlorinated biphenyl prior to a federal government ban in 1979.
COSCO to purchase 10% stake in Shanghai bank
The Chinese shipping conglomerate has agreed to acquire a minority stake in the Shanghai Rural Commercial Bank from Australia & New Zealand Banking Corp. for $0.66 million.
Commentary: What will Trump mean for trade?
Taneli Ruda, head of ONESOURCE Global Trade, said the election of Donald Trump won’t cause trade liberalization to grind to a halt across the world, but it should cause those who run multinational corporations to carefully contemplate its implications.
OmniTRAX Canada to sell Manitoba assets
The assets to be sold to the Missinippi Rail Consortium include the Hudson Bay Railway, the Port of Churchill on Hudson Bay, and a tank farm adjacent to the port.
FTR: Class 8 orders up 10% in December
Net orders for North American Class 8 trucks totaled 21,200 units in December 2016, up 10 percent from the previous month and in line with analyst expectations, according to freight transportation analyst FTR.