Product Sourcing

Jet Launches Private-Label Brand, Uniquely J
October 24, 2017 at 12:15 pm

Jet.com launched its private-label business, Uniquely J, as it continues its push to tap urban millennials and its corporate parent Wal-Mart fortifies its fight against Amazon.com. Uniquely J will offer a variety of goods, including toilet paper, coffee and laundry detergent. In keeping with its focus on "metro millennials," Jet has placed emphasis on items that areโ€ฆ

Bon-Ton's Suppliers Pull Back Shipments on Bankruptcy Concerns
October 18, 2017 at 11:23 am

Some of Bon-Ton Storesโ€™ suppliers are scaling back shipments and asking to be paid sooner in order to protect themselves from potential losses in case the department store chain falls short on its turnaround plans, according to people with knowledge of the matter. The suppliers have insisted on getting paid with letters of credit or cashโ€ฆ

Retailers Seeking to Source at Consumer Speed, Report Finds
October 9, 2017 at 4:34 pm

With retail supply chains growing more complex by the day, itโ€™s no wonder retailers are struggling to get their products to market faster and at a lower cost than their competitors. The industry is evolving at a rapid pace, producing intense competition like weโ€™ve never seen before. As a result, retailers are finding it necessaryโ€ฆ

Toys"R"Us Vendors Cut Shipments on Bankruptcy Fear
September 15, 2017 at 10:36 am

Some suppliers to Toysโ€œRโ€Us have scaled back shipments to the retailer as it struggles to refinance debt and avoid a potential bankruptcy filing, according to people with knowledge of the matter. The vendors are balking as Toysโ€œRโ€Us continues talks with lenders over a new loan that would allow the retailer to stay open while it worksโ€ฆ

Best Buy Pulls Product Line Over Ties to the Russian Government
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 stopโ€ฆ

Best Practices and Trends in Consumer Product Innovation
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, itโ€™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 buyingโ€ฆ

Republicans Scrap Border Adjustment Tax Plan
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, sayingโ€ฆ

10 More Things Your Buyer Hates About You
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 [โ€ฆ]

Woman Behind the Neiman Marcus Christmas Book to Retire
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 Americanโ€ฆ