Foreign Trade Zones (FTZs) have been around since 1934, yet many retailers don’t know the program exists, or anything about the benefits they can realize from deferring or eliminating import duties, tariffs and taxes. This MCM Special Report taps experts in logistics, importing and FTZ operations to help you make an informed choice.
When manufacturers have inventory to move, many are tempted to liquidate it – which may be quick and easy, but also has many disadvantages. Luke Frandrup, associate vice president of client success at Digital River, discusses how opening a direct-to-consumer outlet can help maximize merchants’ online sales.
What started in an innocent work-related question to my Facebook followers quickly evolved into the biggest gambling sensation among my friends. Licensed apparel seller 47 Brand’s most-popular item is the #47mysteryscrum, and it has helped it clear out merchandise and build its social presence.