New Jersey business leaders reacted positively to a temporary mutual tariff suspension March 5 between the United States and European Union. The four-month suspension marks a respite from a decades-long dispute between the trading partners spurred by subsidies each gave to the world's top airplane companies—the EU said Boeing had received billions in unfair subsidies from federal and state governments; the U.S. alleged that Airbus has received billions in unfair subsidies in Europe.
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Retail
Toys R Us parent sells controlling stake to WHP Global
The iconic toy and baby brands which generate over $2 billion in global retail sales annually through nearly 900 branded stores and eCommerce sites in more than 25 countries will be managed by the New York-based management firm.
Read More »The Vitamin Shoppe expands to Asia with Vietnam deal
The first store under the partnership agreement opened last month. The bi-level, 1,500 square foot unit offers a wide assortment of vitamins, supplements, sports nutrition, and other health and wellness products under the nutritional supplement retailer's proprietary brands.
Read More »Not just hot air
Thomas Stevens and Paul Elyseev, the owners of Hot Sand, started the glass blowing business as a small studio in Asbury Park. Both would go and blow glass regularly and enjoyed it. At one point, the owner of their space was concerned about the safety of the operation and asked them to move to a different location.
Read More »ShopWorn hires former Google exec to run Asia business
The recommerce retailer hired Philip Chan as managing director who has a background as general manager for Google Hong Kong and vice president of Yahoo Asia, as well as serving in roles at Cisco and Motorola.
Read More »High stakes
Employers take note: there’s a new protected class in town and its members might have weed on them.
Read More »Bed Bath & Beyond launches new push into home goods market
The Union-based retailer will try to reverse years of lackluster sales by marketing to a younger crowd of shoppers. Starting this year it will unveil eight new brands, six of them in the first half of 2021.
Read More »Amazon Logistics opens Linden delivery station
Five Leases announced in Bordentown, Cranbury, Delran, Edison, and Lawrence Township and it donated more than $1.4 million to organizations combating food insecurity.
Read More »SHI earns record $11.1 billion in 2020
The company, run by No. 8 on Forbes Self-Made Women list Thai Lee, launched consultative subsidiary Stratascale, struck new partnerships, and reportedly kept pace with the deluge of customer orders flowing through its two Integration Centers in the past year.
Read More »On the mend
Flemington Furs was a case study in brilliant marketing and had a more iconic advertising campaign than Disney a century ago, according to Flemington Community Partnership Executive Director Robin Lapidus. Out-of-state dollars flowed like water onto the borough’s Main Street. Decades later, Liberty Village, the nation’s first open-air outlet mall, would bring tourists into town by the busload.
Read More »Wakefern joins consortium to develop sustainable retail bag
Retailers are working together to identify, test and scale design solutions to make a more consumer-friendly, sustainable product.
Read More »Bed Bath taps Oracle to modernize and optimize back-of-house tech systems
the cloud player will provide real-time financial, supply chain and merchandising solutions, replacing the systems the Union-based home goods retailer has used for years and providing the company with new data, insights and planning capabilities.
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