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Economists Say Tax Cut Effect Positive But Qualified

The recently enacted federal income tax cut is likely to benefit an already strong economy this year and into 2019, but there could be variations on its impact regionally and uncertain long-term effects, economists said during a roundtable event at the National Retail Federation’s Big Show in New York.

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ODI Adds To Barware Collection

Old Dutch International (ODI) introduced several barware items at the recent Atlanta International Gift & Home Furnishings Market, held at AmericasMart.

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Albertsons Names Morris EVP/COO

Albertsons has named Susan Morris as the company’s new executive VP and chief operations officer. She will oversee the company’s supply chain, manufacturing and operations functions.

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Whirlpool, Honeywell Collaborate On Smart Home

Whirlpool Corporation is expanding its smart home appliance ecosystem this year with a collaboration with Honeywell. Consumers will now be able to connect smart appliances from Whirlpool Corporation to Honeywell’s line of connected thermostats.

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Ikea Expanding NYC Fulfillment Capacity

Ikea has leased additional warehouse space in New York City to serve as a customer fulfillment center. The new space will complement its network of seven regional distribution centers currently supporting its 47 stores in the United States.

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FlexShopper Touts Strong December Results

FlexShopper, a national online lease-to-own retailer and LTO payment solution provider, has announced record year-over-year lease origination growth in December 2017, with gross lease originations increasing 27.5% to 25,140 from the month last year.

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Walmart Increases Compensation, Cites Tax Reform

In what it characterized as a decision to share the benefits of a lower tax rate, Walmart is increasing the starting wage rate for all hourly associates in the U.S. to $11, expanding maternity and parental leave benefits and providing a one-time cash bonus for eligible associates of up to $1,000.

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Top Women In Retail Honored

Total Retail, a provider of content and marketing services, and its sister brand Women in Retail Leadership Circle, have released their eighth annual list of the Top Women in Retail.

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