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Retail imports increase in October
Import volume at the nation’s major retail container ports grew 6.5% in October over the same month last year despite the government shutdown. Year-over-year increases are expected to continue for the remainder of the year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
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Cache Q3 loss widens
New York -- Cache's loss in the third quarter widened amid increased expenses. Its results were also impacted by a large income tax benefit last year.
For the period ended Sept. 28, Cache Inc. lost $8 million, compared to a loss of $6.4 million a year ago.
Revenue increased 3% to $47.2 million, from $45.8 million. Same-store sales were down 2.9%.