Costco Wholesale Corporation Reports July Sales Results

At a contentious meeting Thursday morning, the FCC voted 3-2 to repeal net neutrality rules that prohibit broadband providers from blocking or throttling traffic, and from charging higher fees for prioritized delivery. The agency's controversial move also prohibits states from passing or enforcing their own broadband laws -- including, in the view of at least one Commissioner, privacy laws. The vote came during a session that lasted longer than 3 hours and was briefly interrupted by a security threat. Click Read More below for additional information.

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July 1. That’s the expiration date for the contract that covers the International Longshore and Warehouse Union’s more than 22,000 workers at the 29 ports along the West Coast. Negotiations are ongoing, but experts think it is unlikely a deal will be reached before July 1. (In the past, contract talks have run beyond the expiration date and led to major disruptions to port operations.) The stakes are especially high this time around, however, as the negotiations are playing out amid a backdrop of global supply chain disruptions. Chain Store Age spoke with Spencer Shute, senior consultant at procurement and supply chain consultancy Proxima, part of Bain & Company, about the possibility of a shutdown and its impact on retailers.