SGB Apparel

NRF: Imports Climbing But Below Pandemic Peaks

Import cargo volume at the nation’s major container ports should climb steadily through the summer but will remain below record-setting levels seen during most of the pandemic, according to the Global Port Tracker report* released by the National Retail Federation (NRF) and Hackett Associates.

Kohl’s Debt Ratings Lowered

S&P Global Ratings lowered the debt ratings of Kohl’s Corp. as the retailer’s recently reported earnings for fiscal 2022, came in below expectations with lower margins due to heightened clearance activity and muted demand.

Walmart Partners On Pickleball Initiative

Walmart partnered with the racquet sports booking platform, Break the Love, offering for free 125,000 reservations for customers and employees to book pickleball playtime at venues nationwide.

Levi’s Shares Fall On Inventory Concerns

Shares of Levi Straus & Co. fell $2.89, or 16.0 percent, to $15.14 Thursday after the denim giant reported first-quarter results that topped Wall Street analysts’ targets but margins missed plan due to challenges clearing elevated inventories.