Off-price retailer Burlington Stores, Inc. announced its results for the second quarter and six months ended July 30, 2016. Overall, EPS of $0.39 beats by $0.09, while revenue of $1.26B (+ 10.5% Y/Y) beat by $20M. Highlights included a 9.7% increase in…
SEARS HOLDINGS REPORT DISMAL Q2 EARNINGS
Sears Holdings Corporation announced financial results for its second quarter ended July 30, 2016 and it wasn’t good (although a loss was narrowed). In summary: Revenues dropped to $5.7 billion in Q2, compared to revenues of $6.2 billion for Q2 2015. Comp sales at Kmart and Sears Domestic stores declined 3.3% …
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FDA launches new import website
The Food and Drug Administration has remodeled its website that deals with the importation of regulated goods.
Crane Worldwide opens new facility at Heathrow
The Houston, Texas-based third-party logistics provider moved into a new 34,000-square-foot warehouse and office complex adjacent to the London Heathrow Airport in an effort to enhance its UK market presence.
Former DAMCO exec to head new SaaS division at SEKO
SEKO Logistics named Michael Christensen president of SaaS and CPO of International Supply Chain Solutions to lead a new business unit focusing on the third-party logistics provider’s service-as-a-software technology solutions.
FWI: Cargo theft remains prominent issue in Brazil amid economic crisis
Reported cargo thefts in the state of Rio de Janeiro for the second quarter surged 34 percent year-over-year to 2,151 reported incidents as the nation’s economy continues to shed jobs.
Matson orders two new conro ships
The Honolulu-based shipping company agreed to pay $511 million for both of the Kanaloa Class vessels from General Dynamics NASSCO.
Tech upgrades help fleets improve gas mileage 3%, study says
Fleets that purchased optional systems and aerodynamic features for new trucks are averaging more than 7.5 miles per gallon, according to the North American Council for Freight Efficiency.
OMEGA EXPANDS WATCH & JEWELRY BRAND WITH SUNGLASSES
Iconic Swiss watchmaker Omega is the newest brand to expand into luxury sunwear. The collection, in partnership with Marcolin Eyewear in Italy, adds to Omega watches and jewelry and grows the label’s lifestyle positioning. Launching this month, the sunglasses take inspiration from Omega’s heritage and products, with details from various …
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BLOOMINGDALE’S ANNOUNCES 2 NEW COLLABORATIONS
For Fall 2016, Bloomingdale’s has teamed up with NYC artist Greg Lamarche to illuminate the retailer’s 100% Bloomingdale’s fall campaign. Lamarche’s inspiration comes from the energy of the city and its role as an incubator of graffiti art. “Being a native New Yorker, for me Bloomingdale’s was part of my …
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