August 31 – Crate & Barrel Investing To Enhance Omnichannel Operations To advance its omnichannel capabilities, Crate & Barrel Holdings has launched “Bring it Home,” a multi-year investment plan centered on the customer experience and designed to pave the way for continued growth across the organization. From: HomePage News August 31 – J.C. Penney Announces $1B…
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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.
California’s Prop 65
In 1986, California voters approved Proposition 65 (the Safe Drinking Water and Toxic Exposure Act), a ballot initiative to address concerns about exposure to toxic chemicals. It requires California to publish a list of chemicals known to cause cancer or reproductive toxicity, and for businesses with 10 or more employees to provide warnings when they knowingly and intentionally…
CONTINUE READINGU.S. Retail Intelligence – August
July 31 – Walmart ups stake in Flipkart after buying additional shares from Tiger Global The mass merchant in 2018 became Flipkart’s largest shareholder after paying $16 billion for an initial 77% stake in the company. From: Retail Dive July 31 – Food Lion Unveils Additional Store Renovations in North Carolina Grocer will cut the ribbon on 47 locations throughout…
CONTINUE READINGBusiness Tax Breaks Scheduled to End
In 2017, the Republican-led Congress passed the Tax Cuts and Jobs Act (TCJA) using budget reconciliation to avoid a Senate filibuster and its 60-vote threshold. But the tradeoff for this process is that tax breaks benefiting IHA members and other businesses had to be temporary in order to meet budget reconciliation rules. The TCJA boosted the IRC Sec. 168(k) Bonus…
CONTINUE READINGU.S. Retail Intelligence – July
June 29 – Best Buy Updates Membership Program in Time for July Deals As the company prepares for its July supply events, Best Buy is rolling out its updated membership program, now in three three tiers designed for customers who want convenience, value and access, as well as protection and support. From: HomePage News June 29 – 2023 Private Label Hall of Fame: Kristin…
CONTINUE READINGTrade Issues Update
On June 2, Americans for Free Trade (AFT) sent a letter to the House Select Committee on the Chinese Communist Party (CCP) signed by IHA and 145 other organizations for the May 17 hearing Leveling the Playing Field: How to Counter the Chinese Communist Party’s Economic Aggression. Despite the enmity between Capitol Hill Republicans and Democrats, the Select Committee on the…
CONTINUE READINGControversial New Process for Regulations
On April 6, President Biden issued the Executive Order (EO) “Modernizing Regulatory Review” that will change the process by which federal agencies such as the U.S. Environmental Protection Agency and Departments of Transportation and Labor promulgate their regulations. The White House says these changes will improve the process, but administrative law experts believe the new…
CONTINUE READINGPeak Shipping Season Rebound Unlikely
Ocean carriers are coming to the realization that the upcoming peak shipping season will likely be a bust. Several carriers have been predicting that the Asia to U.S. market would see a rebound in container shipping during the second half of 2023. It is becoming clear now that the so-called rebound is not going to happen. Industry experts have also backed off previous…
CONTINUE READINGU.S. Retail Intelligence – June
May 31 – Albertsons Rebrands 'Signature' Private Label Assortment The grocer is rolling out its Signature SELECT brand that features a new logo and packaging design to stores across the U.S. From: StoreBrands Today May 30 – Walgreens Announces Winners for the 2023 Expressions by Walgreens Art Challenge Walgreens established Expressions to educate, empower and equip young…
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