June 30 – Ace Hardware Shuts Down The Grommet, Lays Off 44 The hardware retailer’s co-op structure made it difficult to expand the platform, according to founder Jules Pieri, who announced the closure on LinkedIn. From: Retail Dive June 30 – Qurate’s Rawlinson Unveils ‘Project Athens’ Turnaround Plan Qurate Retail President and CEO David Rawlinson II shared a three-year…
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IHA’s blog features informative posts written to keep the housewares industry educated and informed about key strategic issues and IHA member services.
Two Important Trade Developments
On June 16, President Joe Biden signed the Ocean Shipping Reform Act of 2022 (OSRA22, S. 3580) into law. This followed the House’s June 13 passage of the Senate version 369-42 in response to White House pressure for House Democrats to accept the Senate bill and quickly get a much-needed victory to the President’s desk. This rare and meaningful bipartisan achievement will…
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Container Volume is Starting to Soften
The global economy is slowing down. Consumer confidence is also starting to wane. As a result, the containership industry is starting to see a softening in global container volume. U.S. importers are watching closely to see how this global softening impacts rates and capacity in the Asia-to-U.S. market. The initial impact is clear. Spot rates from Asia to the U.S. are on the…
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Congestion Switching to East Coast Ports
Shippers are watching how the contract talks between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) will play out during the month of June. Key players on both sides have indicated they expect a smooth negotiation process even if a contract is not concluded by the June 30, 2022 expiration date. Shippers are hoping negotiations…
CONTINUE READINGU.S. Retail Intelligence – May
May 31 – Bed Bath & Beyond Rolls Out Everhome Brand In another expansion of its “owned-brand” range, Bed Bath & Beyond is officially launching Everhome, which it characterizes as a casually sophisticated collection of furniture and furnishings, bedding, bath linens and accessories, decor, outdoor decor and tabletop, and storage and organization now available in-stores,…
CONTINUE READINGUSTR China Tariff Review Process Underway
As required by law, the U.S. Trade Representative (USTR) announced May 3 that it has initiated a four-year “review of necessity” process for tariffs on Chinese imports under Sec. 301 of the Trade Act of 1974. In a May 10 speech, President Joe Biden said combating inflation is his top domestic priority citing the pandemic, supply chain issues and war in Ukraine as the primary…
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Congestion Switching to East Coast Ports
Shippers are watching how the contract talks between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) will play out during the month of June. Key players on both sides have indicated they expect a smooth negotiation process even if a contract is not concluded by the June 30, 2022 expiration date. Shippers are hoping negotiations…
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Heart of the Community
Jamie Butler went from running a kitchen and homewares business from a retro-inspired truck that became a well-known attraction at farmers’ markets, to owning a much-loved store that has community firmly in its heart. by Michelle Hespe Jamie Butler has always loved beautiful and useful pieces for the home and kitchen and built up a career as a homewares buyer.…
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Wings of Success
gia Global Honoree—Westwing Brasil—initially made its name and garnered its millions of followers online. Today however, its physical stores are proving to be just as popular, and as wonderfully creative, as its online campaigns and editorially led content. by Michelle Hespe Westwing Brasil was launched in December 2011 as a subsidiary of the German Westwing…
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