To follow is a brief review of retail news from around the world: September 18 – India’s Aditya Birla Shows Signs of Recovery Aditya Birla Fashion and Retail formed from a merger of Madura Garments Lifestyle Retail and Pantaloons Fashion and Retail Ltd, has been struggling since its creation. In the first two fiscal years after the merger the stock gained just 7%, however,…
CONTINUE READINGArchives for September 2018
Four New Directors Elected to IHA Board Of Directors
Four new directors have been elected to the board of directors of the International Housewares Association (IHA), the full-service trade association for the housewares industry. The new directors are: Scott Henrikson, president, Dexas International; Darrin Johnston, managing director, Meyer Corporation; Lisa W. Knierim, president & CEO - Americas, Villeroy & Boch;…
CONTINUE READINGRegulatory Update, Housewares Hot Seat Panel Announced For CHESS 2018
The most recent round of proposed tariffs on imports from China affecting $200 billion of goods and impacting the housewares industry for both finished product and raw materials may be imposed soon now that the public comment period is finished. In a just-added session for the 2018 Chief Housewares Executive SuperSession (CHESS), John G. Murphy, senior vice president of…
CONTINUE READINGStrong Demand Powers Rate Increases
Rates continue to escalate in the Eastbound Transpacific market. Strong demand, reduction of capacity, and the threat of tariffs are all contributing factors that are causing the high rates shippers are being forced to pay to move their cargo from Asia to the United States. Ocean rates to both the US East Coast and US West Coast are 53% higher than they were this time last…
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