By Peter Giannetti Encouraging signs at retail continue as we head toward a back half of widespread vaccination and potentially easing pandemic restrictions. But under the surface of such positive development bubbles some uncertainty for a home and housewares business that has soared as a shopper priority during the pandemic. Read past the boldfaced type of the 9.8%…
CONTINUE READINGFeatured
Some Things Never Change
by Peter Giannetti There were many things the past year about which I never imagined I’d have to write. The next line is one of them: I attended my first in-person trade show in 14 months. When I stepped inside the lobby of 41 Madison Avenue recently for the spring New York Tabletop Show, it began my first physical show experience since Germany’s Ambiente in February of…
CONTINUE READINGGlobal Retail Intelligence – April
April 14 – JD.com Creates Offline Catering Supply Chain SolutionJD.com with Juqi, a dinning chain in Beijing, announced a supply chain cooperation, positioning JD.com as the first platform in China capable of providing a one-stop supply chain solution covering both the full category of food and materials supply, and integrated warehousing and distribution services. Through the…
CONTINUE READINGCarriers Flex Their Muscles During Negotiations
Ocean contract negotiations for cargo moving from Asia to the US are coming to an abrupt end. Negotiations in this market traditionally start in February and last until the end of April. The unprecedented demand in the market has drastically changed the negotiation timetable. Carriers have made it clear that shippers waiting to finalize contracts at the end of April in hopes of…
CONTINUE READINGCOVID-Related Legislative and Regulatory Changes for Employers
On March 11, President Biden signed the American Rescue Plan Act of 2021 into law. The $1.9 trillion “ARP” is different than the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act that passed with bipartisan votes in March 2020 and initiated the Paycheck Protection Program (PPP) and new tax breaks. Aside from targeted financial programs for…
CONTINUE READINGU.S. Retail Intelligence – March
March 27 – Star Market Goes Big in FenwayThe retailer is planning a 50,000-square-foot store for a mixed-use development as part of an expansion at 401 Park. From: Win sight Grocery Business March 26 – J.C. Penney's Interim Chief Sees Signs of GrowthJ.C. Penney is seeing weekly improvements, especially in specific growth categories including workout wear and home goods,…
CONTINUE READINGGlobal Retail Intelligence – March
March 19 – Alibaba Launches a Self-Driving Robot for DeliveriesAlibaba group will launch a self-driving delivery vehicle across 15 universities in China in March. Each self-driving robot will be capable of making 500 daily deliveries, for which students can make appointments for the deliveries to be made directly to their dorms. With demand of deliveries on the rise and China…
CONTINUE READINGService Contracts Underway for Asia to US Cargo
Shippers moving containers from Asia to the US are in the midst of very tough service contract negotiations. As anticipated, the carriers are demanding very strict container commitment guidelines, reductions in free time and significant rate increases. Finding sufficient carriers to meet your forecasted container demand has been the biggest challenge for shippers since 2021…
CONTINUE READINGU.S. Retail Intelligence – February
February 26 – Meijer Plans Supplier Diversity Event In MayMeijer in May will host a supplier diversity event, giving businesses nationwide the opportunity to showcase their offerings for interested merchants at the retailer. From: HomeWorld Business February 26 – Qurate Beats Wall Street Q4 Earnings EstimateQurate Retail beat a Wall Street Q4 earnings estimate as sales…
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