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Cargo volumes rebounding in December despite port strikes
Washington, D.C. -- A report released Tuesday by the National Retail Federation and Hackett Associates found that cargo volumes at U.S. ports are forecast to increase 3.9% in December following a 5.6% decline in November.
According to the monthly Global Port Tracker report, container volumes were negatively impacted in November by the West coast strike by workers at the ports of Los Angeles and Long Beach, but resolution of the strike after eight days meant disruption in December was limited to just two days.
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David Yurman, Miu Miu to open at Westfield Valley Fair
Santa Clara, Calif. -- Westfield announced that David Yurman and Miu Miu will open first-to-market stores at its Westfield Valley Fair property in Santa Clara, Calif. A new Prada boutique will open as well, joining other luxury retailers such as Burberry, Tag Heuer, Wolford, Mont Blanc, Louis Vuitton, Tiffany and Cartier.