ROSEMONT, ILL. (Sept. 19, 2022)—Three 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. They are: Scott Felsenthal, CEO, Whitmor, Inc.; Sal Gabbay, CEO, Gibson Homewares; and Michael Hayes, chief customer officer, Newell Brands. Their three-year terms begin…
CONTINUE READINGArchives for September 2022
U.S. Retail Intelligence – August
August 31 – Hy-Vee to Hold Next Quarterly ‘Best of Local Brands’ Summit This year, Hy-Vee is focused on identifying suppliers with diverse backgrounds and urges minority-owned and women-owned businesses to apply for the quarterly summits From: Progressive Grocer August 31 – Dollar General Makes Additional Leadership Changes Dollar General announced several leadership…
CONTINUE READINGOcean Rates are Officially on the Decline
There is no longer denying that the Asia to U.S. market is showing signs of weakness. Major retailers have distribution centers that are already at capacity, so purchase orders are being delayed or cancelled altogether. Usually during the months of September and October, shippers are forced to pay peak season surcharges to secure space on vessels. That will not be the case…
CONTINUE READINGFederal Spending, Taxes, Inflation and Interest Rates
According to many economists, a major contributor to inflation in the U.S. economy is federal spending. Congress had already spent $3 trillion in 2020 responding to the pandemic when Democrats took the reins and passed the $1.9 trillion American Rescue Plan in March 2021. This was done despite warnings from economists including former Obama officials who feared more big…
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