Wet Seal appoints Talbots exec as head of stores and operations
Foothill Ranch, Calif. — The Wet Seal announced today that retail veteran Lesli Gilbert has been appointed executive VP, stores and operations, effective immediately. Gilbert replaces Barbara Cook, former senior VP store operations, who resigned in February.
Most recently, Gilbert was senior VP of stores at The Talbots, where she was responsible for developing the stores strategy and framework to reposition the business
“We are pleased to welcome Lesli and believe she is an ideal fit with Wet Seal’s business, brand positioning and organizational culture,” said John Goodman, CEO. “Lesli will take responsibility for leading our field organization and store teams, inspiring the vision and values of our Wet Seal and Arden B brands in stores and driving consistent execution.
Retailers remain cautious on merchandise imports
Washington, D.C. — Import volume at the nation’s major retail container ports is expected to increase 1.1% in June over the same month last year, reflecting modest growth expectations as retailers head toward the back-to-school and holiday seasons, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
“With the economic recovery moving slowly, retailers are being cautious this summer and could hold off on stocking up for the holiday season until fall,” NRF VP for supply chain and customs policy Jonathan Gold said. “We aren’t expecting significant increases for imports until October, when retailers will have a better idea of what to expect for holiday demand.”
U.S. ports followed by Global Port Tracker handled 1.31 million Twenty-Foot Equivalent Units in April, the latest month for which after-the-fact numbers are available. That was up 14.6% from an unusually slow March but down 0.1% from April 2012. One TEU is one 20-ft. cargo container or its equivalent.
May was estimated at 1.4 million TEU, up 2.2% from a year ago. June is forecast at 1.4 million TEU, up 1.1% from last year; July at 1.44 million TEU, up 1.9%; August at 1.43 million TEU, up 0.5%; September at 1.42 million TEU, up 0.8%; and October at 1.45 million TEU, up 7.9%.
The first six months of 2013 are expected to total 7.8 million TEU, up 1.9% from the first half of 2012. The total for 2012 was 15.8 million TEU, up 2.9% from 2011.
“We are witnessing a period of import trade growth that is running more or less in sync with the U.S. economic expansion. Unfortunately, both are anemic,” Hackett Associates founder Ben Hackett said. “The impact of this extremely cautious consumer spending is that we expect import consumption to remain weak for the coming four to six months.”
Global Port Tracker, 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.
Amazon expands test of grocery delivery service to Los Angeles
New York — Amazon.com confirmed it is testing its online grocery delivery service in Los Angeles.
The online retail giant has been testing the service called Amazonfresh, in Seattle for several years. It confirmed Monday that it is now offering the service in Los Angeles, also on a trial basis. Reuters recently reported that the online retail giant will next target the San Francisco area.
The service is free for Amazon Prime members for 90 days. After that, customers must sign up for a new Prime membership program that costs $299 a year. Delivery is free for any orders over $35.