April 28 – Amazon Cites Expanded Home Selection in Reporting Q1 Profit Amazon turned to profits in the first quarter and beat Wall Street earnings and sales estimates with the e-commerce giant noting the contribution of an expanded home assortment led by a new Martha Stewart program. From: HomePage News April 28 – Time Is Right for Growth at Weis Markets $160M cap-ex…
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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.
U.S. Retail Intelligence – April
March 31 – Easter 2023 Spending Expected to Reach Record $24B With an influx in spending, this Easter Sunday is anticipated to be the biggest one yet. From: Progressive Grocer March 30 – Kohl’s Receives Prestigious Sustainability Award from Government The U.S. Environmental Protection Agency (EPA) Energy Star program has presented the department store retailer with the…
CONTINUE READINGWest Coast Ports Still Operating Without a Contract
Contract negotiations between the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) ports remain at a standstill. After 10 months of negotiations, there has been very little progress in resolving key issues such as automation and wages. The PMA recently called out the ILWU for intentional work slowdowns causing delays at the ports…
CONTINUE READINGProposed PFAS Standards from the U.S. EPA
The U.S. Environmental Protection Agency (EPA) has taken steps to set maximum levels for certain polyfluoroalkyl and perfluoroalkyl substances (PFAS) in public drinking-water systems, and to designate certain PFAS as hazardous substances under the Comprehensive Environmental Response, Compensation and Liability Act or CERCLA (the Superfund law). PFAS are chemicals that have…
CONTINUE READINGNew Container Vessels Pose a Problem for the Carriers
Ocean carriers have a problem on their hands. Aside from a lackluster Asia to U.S. shipping market, carriers are about to be inundated with brand new containerships. This couldn’t happen at a worse time for the carriers. They are already being forced to slash freight rates to unprofitable levels in an effort to fill container vessels already deployed. Adding additional capacity…
CONTINUE READINGIHA Submits Comments to USTR Tariff Review
As required by the Trade Act of 1974, the U.S. Trade Representative (USTR) must conduct a “necessity review” of the Section 301 tariffs on some $350 billion of products from China (Lists 1, 2, 3 and 4a) or the tariffs automatically sunset after four years. However, the Trade Act is somewhat vague on how a review should be done, giving USTR a fair amount of latitude in carrying…
CONTINUE READINGU.S. Retail Intelligence – February
January 31 – Dollar General President/CFO Plans to Retire in June John Garratt, president and CFO at Dollar General Corp., has announced his intent to retire, effective June 2. From: Progressive Grocer January 30 – Tops Completes $1.4M Remodel in New York In December, Tops unveiled a $1.8 million store renovation in Canandaigua, N.Y. Last fall, the retailer also welcomed…
CONTINUE READINGAsia to U.S. Contract Negotiations Begin
Shippers have begun the annual ritual better known as contract negotiations. There is one major difference in this year’s negotiations compared to the last two years. Shippers head into the negotiations with the leverage. The current Asia to U.S. market is weak. That point cannot be disputed. Spot rates have plummeted and plenty of space is available to shippers. Once the…
CONTINUE READINGTake Control of Your Supply Chain Challenges
Supply chain challenges are expected to continue in 2023. Are you aware that IHA provides its members a tool to address these challenges? The tool, made available only to IHA members, is your industry shippers association otherwise known as International Housewares Shippers Association (IHSA). Carriers always recognize leverage. Shippers with the most leverage consistently…
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