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100-Member Coalition Takes on Tackling Port Congestion

In Industry News, What's New by Accessories StaffLeave a Comment

Washington–Following up on last fall’s successful campaign to include ports performance statistics program in the federal long-term surface transportation bill, NRF led a coalition of more than 100 groups in sending specific recommendations to the Department of Transportation on Thursday. “Having efficient, modern ports is important for the free flow …

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NRF: Retailers Say Port Statistics Bill Would Help Avoid Repeat of West Coast Slowdown

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The National Retail Federation and more than 100 other business groups called for passage of legislation that would require the Transportation Department to track port statistics, saying it could help avoid a repeat of the congestion and slowdowns that occurred along the West Coast during the labor dispute resolved earlier …

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Despite Q4 Sales Gain, Genesco’s Profit Squeezed by Margin Pressure

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Nashville, TN—Despite strong fourth quarter sales, Genesco Inc. said Thursday that its profit was hampered by “gross margin pressure, lower than planned contribution from new stores and acquisitions in the Lids Sports Group and unfavorable trends in foreign exchange rates.” For the three months ended Jan 31, Genesco posted net …