June 28 – Off-Price Retailer Bealls Names Less Senior Marketing VP Less leads brand marketing, e-commerce and guest strategy including supervising Bealls loyalty programs. From: HomePage News June 28 – Jim Pattison Group Acquires Save Mart Modesto, Calif.-based Save Mart, a Kingswood Capital Management LP portfolio company, has almost 200 Save Mart, Lucky and FoodMaxx…
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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.
Pregnant Workers Fairness Act
With so many new employee-relations regulations now being issued by the U.S. Dept. of Labor, Occupational Safety and Health Administration, National Labor Relations Board, and even the Federal Trade Commission (i.e., the non-competes ban), it would be easy to overlook important new regulations from the Equal Employment Opportunity Commission (EEOC) that could impact a…
CONTINUE READINGWhy Shipping Rates Are Soaring (and When Relief Might Come)
If you thought the days of skyrocketing ocean shipping rates were behind us, think again. Just when shippers hoped for a post-pandemic reprieve, a perfect storm of factors once again pushed prices upwards. Here's the lowdown on what's happening and what to expect: Capacity Crunch: Not What We Expected Before the Chinese New Year in 2024, the outlook seemed promising for…
CONTINUE READINGU.S. Retail Intelligence – June
May 31 – Ultra Credits Target Partnership Royalties for Q1 Comp Sales Gain In a conference call, Ulta CEO Dave Kimball said royalty income from its partnership with Target contributed to the sales gain. From: HomePage News May 31 – Burlington Rides Early Spring Rebound to Q1 Sales, Earnings Gains Burlington Stores readily beat Wall Street first-quarter earnings estimates…
CONTINUE READINGShipping and Tariff Developments
On Feb. 26, 2024, the Federal Maritime Commission (FMC) published the final rule “Demurrage and Detention Billing Requirements.” Most of the rule went into effect on May 28 and the catalyst was the Ocean Shipping Reform Act (OSRA) of 2022, which IHA lobbied for to authorize regulations making demurrage and detention billing timelier and more transparent. As explained in the…
CONTINUE READINGThe CRA and New Regulations
Concerns among Democrats in Washington, D.C. that Republicans could win the White House in November has caused Biden Administration officials to accelerate their regulatory agenda. This is driven by their fears that a Republican White House and Congress will use the Congressional Review Act (CRA) to repeal many new regulations if they aren’t finalized by the spring or summer of…
CONTINUE READINGU.S. Retail Intelligence – May
April 30 – Nordstrom Adds Marketplace, Upgrades Digital Experience Marketplace customers will get personalized recommendations and thoughtful curation to make it easier to shop for their favorite brands and discover new ones, Nordstrom indicated. From: HomePage News April 30 – The Save Mart Companies to Roll Out In-Store Retail Media Network The chain will deploy tech…
CONTINUE READINGLacey Act Reporting Requirements
In 1900, Congressman John Lacey sponsored legislation to curb the importation of exotic bird feathers. Lacey Act amendments up to 2008 expanded coverage to fish and animals and established individual and corporate responsibility. The 2008 Farm Bill added wood and plant products, making it unlawful to “import, export, transport, sell, receive, acquire, or purchase in interstate…
CONTINUE READINGU.S. Retail Intelligence – April
March 29 – West Elm’s New iOS Mobile App Customizes Shopping Experience The app is available for free in the App Store. West Elm, a Williams-Sonoma banner. From: HomePage News March 29 – Lands’ End Lays Off 10% of Corporate Workforce The layoffs came as Lands’ End faced growing losses and declining sales in the fourth quarter. From: Retail Dive March 29 – Report:…
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