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  • West Coast ports temporarily halt some operations Feb. 7-8

    San Francisco – Port management temporarily halted vessel loading and unloading operations at West Coast ports the weekend of Feb. 7-8. In a statement, the Pacific Maritime Association (PMA), representing port management, said it did not want to offer port workers premium pay for diminished productivity in light of continued work slowdowns caused by disagreements with the International Longshore and Warehouse Union (ILWU) over issues such as pay, pensions and contract arbitration.

  • West Coast port congestion could cost retailers $7 billion this year

    New York -- West Coast port congestion issues could cost retailers as much as $7 billion this year, according to an analysis by Kurt Salmon. Work stoppage threats and major trade associations’ calls for federal intervention have retailers and consumer products companies on high alert.
     

  • A&G Realty Partners to manage sale of RadioShack stores, warehouses

    Melville, N.Y. -- A&G Realty Partners, a leading commercial real estate, advisory and investment group, has been retained by RadioShack to manage the sale of retail store leases and warehouses following the company's recent Chapter 11 bankruptcy filing.

  • Ross to open two new stores in Houston market

    Dublin, Calif. -- Ross Dress for Less will open two new stores in the Houston area on March 7.

    The stores are located in the Center at Pearland Parkway in East Pearland, 15 miles from downtown Houston; and Ravenwood Village Shopping Center in Huntsville. With these new locations, Ross will operate 170 stores in Texas, its second largest state.

    Together, Ross Dress for Less and dd’s Discounts currently operate over 1,300 off-price apparel and home fashion stores in 33 states, the District of Columbia and Guam.
     

  • Gordon Bros., Hilco and Great American Group begin closing sales at Target Canada

    Boston -- Three of the nation’s largest asset disposition companies were the successful bidders in the race to liquidate inventory at Target’s 133 Canadian locations.
     
    Gordon Brothers Group, Hilco Global (through its Canadian division  Merchant Retail Solutions) and affiliates of Great American Group secured approval from Target Canada and an order from a Canadian court to manage the store closing process for Target’s 133 Canadian locations, with store closing beginning February 5, 2015.
     

  • West Coast Port slowdown could become shut down in less than a week

    Arlington, Va. -- A breakdown in contract negotiations between labor and management at America’s west coast ports is threatening to turn a work slowdown into a full-scale strike, the Retail Industry Leaders Association (RILA) warned.

  • Staples buying Office Depot

    New York -- Staples has entered an agreement to acquire Office Depot in a cash and stock deal valued at $6.3 billon that is sure to face a high degree of regulatory scrutiny.

  • Report: Amazon pilots e-commerce sites with universities

    Seattle – Amazon.com is reportedly piloting co-branded e-commerce sites with three universities. According to the Wall Street Journal, Amazon is partnering with Purdue University, the University of Massachusetts Amherst and the University of California Davis to operate the sites, which sell textbooks and T-shirts as well as other items available on Amazon.com.

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