Webinar: What to Do NOW to Protect Stores Against Data Breaches
New York — Chain Store Age will host a webinar sponsored by Voltage Security on the steps retailers can take to secure their store and online networks against costly data breaches. Speakers will also discuss key lessons learned from the recent breaches, and the latest developments in data security and retail fraud protection.
The webinar will be held on Tuesday, May 13, at 1 p.m. (EST) and 10 a.m. (PDT). Click here for more information and to register.
Hudson’s Bay names CFO
Toronto — Hudson’s Bay Company named Paul V. Beesley as CFO, effective in June.
Beesley is a senior executive with extensive experience in financial management and strategic development across a range of leading Canadian-based companies. From 2000 to 2014, he served in a number of executive roles with Empire Company Limited, a corporation with annual sales in excess of $19 billion and operations in retailing and related real estate, including chief corporate development officer of the Sobeys unit and executive VP and CFO of Empire.
“Paul Beesley is an accomplished professional who has contributed to the financial, strategic and operational progress of several leading corporations,” said Hudson’s Bay CEO Richard Baker. “His broad range of capabilities includes expertise in finance, capital markets and REITs. We are pleased to have Paul join HBC to help provide world-class fiscal leadership as we continue our development as a premier North American fashion retailer.”
Hudson’s Bay’s retail banners include Hudson’s Bay, Saks Fifth Avenue, Lord & Taylor and Saks Fifth Avenue Off 5th
Retail imports to increase 3.5% in May as port labor negotiations begin
Washington, D.C. — Import volume at the nation’s major retail container ports is expected to increase 3.5% in May as negotiators prepare to begin talks on a new contract for West Coast dockworkers, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
“We’re expecting a lot of cargo to move through the ports this summer and we want to make sure there aren’t any supply chain disruptions that would impact the cargo flow,” said NRF VP for supply chain and customs policy Jonathan Gold. “We hope there won’t be any issues, but the sooner labor and management can agree on a new contract, the better it will be for everyone who relies on the West Coast ports.”
Representatives of the Pacific Maritime Association and the International Longshore and Warehouse Union are scheduled to begin negotiations next week on a new contract to replace the current agreement that expires June 30. NRF has urged both sides to avoid any disruptions that could affect the flow of back-to-school or holiday season merchandise.
West Coast ports handle more than two-thirds of U.S. retail container cargo each year, including the bulk of cargo from Asia. The last major shutdown there occurred in the fall of 2002, closing ports for 10 days and creating a weeks-long backlog to be cleared.
U.S. ports followed by Global Port Tracker handled 1.3 million twenty-foot equivalent units (TEU) in March, the latest month for which after-the-fact numbers are available. The number was up 5.1% from February, traditionally the slowest month of the year, and up 14.5% from March 2013. One TEU is one 20-ft. cargo container or its equivalent.
The total for 2013 was 16.2 million TEU, up 2.3% from 2012’s 15.8 million TEU.
“Most economic fundamentals are pointing in the direction of continued, sustained recovery in consumer demand and import volumes,” Hackett Associates founder Ben Hackett said. “This is turning out to be the longest period of growth for some time now.”
Global Port Tracker, which is produced for NRF by the consulting firm Hackett Associates, covers the U.S. ports of Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the West Coast; New York/New Jersey, Hampton Roads, Charleston, Savannah, Port Everglades and Miami on the East Coast, and Houston on the Gulf Coast.