Product Sourcing
September 12, 2017 at 11:55 am
Best Buy will no longer sell security software from Russian internet security company Kaspersky Lab after concerns that the company could be unduly influenced by the Russian government. This summer, the Moscow-based cybersecurity company has faced a series of allegations that it could be influenced by the Kremlin. Due to those concerns, Best Buy decided to stop…
September 6, 2017 at 4:13 pm
Thousands of new CPG products hit the shelves every year, but only a few succeed in capturing the hearts of consumers. With mass competition and limited shelf space, it’s exceptionally difficult to make a product shine. Product of the Year, the United States largest consumer survey of product innovation, is a leading authority in buying…
July 28, 2017 at 9:28 am
Top Republicans driving the GOP tax reform effort have given up on border adjustment. The border adjustment proposal was a key revenue-raising plank of the plan House Republicans unveiled last year. It would have taxed imported products but let exports go untaxed. Retailers that get many of their products from overseas raised concerns about the proposal, saying…
July 17, 2017 at 11:00 am
Top Republicans driving the GOP tax reform effort have given up on border adjustment. The border adjustment proposal was a key revenue-raising plank of the plan House Republicans unveiled last year. It would have taxed imported products but let exports go untaxed. Retailers that get many of their products from overseas raised concerns about the proposal, saying […]
June 21, 2017 at 1:32 pm
Ginger Reeder, the woman who led the annual challenge of finding over-the-top gifts to feature in the Neiman Marcus Christmas Book, has decided to retire after 21 years. The Neiman Marcus Christmas Book is thought of as a kickoff to the holiday season and features extravagant gifts, like a collection of 90 first-edition great American…
May 26, 2017 at 9:40 am
On Tuesday, Brian Cornell, CEO of Target, testified against what has been dubbed the border adjustment tax (BAT) to the House tax-writing committee, as many large retailers are leery of a tax on the thousands of products they import from foreign markets. The proposed 20 percent tax on imported goods has been touted as a…
May 15, 2017 at 9:07 am
In episode 92 of Total Retail Talks, Bridget Russo, chief marketing officer of Shinola, a luxury retailer that specializes in watches, bicycles and leather goods, discusses the brand's commitment to American manufacturing and jobs. Russo details Shinola's recent marketing campaign, Let's Roll Up Our Sleeves, which celebrated the idea that hard work creates jobs and…
May 10, 2017 at 10:36 am
Fast-fashion strikes again … Los Angeles-based women’s apparel and accessories brand Valfré is accusing Forever 21 and Rue 21 of stealing its designs. Valfré’s social media followers alerted the brand of the infringement. On Friday,Valfré served “cease and desist” demands on Forever 21 for allegedly copying the rainbow design of one of its phone cases. “If…
April 11, 2017 at 11:07 am
For the first time in American Apparel’s 28-year history, its items are being made outside the U.S. The company, which prided itself on being the largest domestic apparel maker, is now producing shirts in Honduras and Nicaragua, a person familiar with the matter said. Gildan Activewear, which bought American Apparel out of Chapter 11 earlier this year,…
March 9, 2017 at 11:40 am
Dick's Sporting Goods will dump about 20 percent of its vendors and stock more of its own brands as it looks to fortify itself against the market forces that killed its defunct rivals like The Sports Authority. The abandoned brands will be made up of minor labels rather than its 10 best-selling brands like Nike and…
