Service Performance Remains Steady Across Postal Service Network

Kohl’s announced it will double its earlier announced donation to support relief efforts in response to the severe weather impacting Texas and the Gulf Coast, for a total of a $1 million cash donation to the American Red Cross. In addition, Kohl’s will provide an estimated $1 million in financial support to Kohl’s associates who have been significantly impacted by the storm. “The destruction of the hurricane and its aftermath has continued to escalate day by day,” said Kevin Mansell, Kohl’s chairman, CEO and president. “We feel compelled to increase our donation to the Red Cross to help families across Texas and the Gulf Coast during this time of great need.” Click Read More below for additional detail.

Costco Wholesale Corporation reported net sales of $21.46 billion for the retail month of September, the five weeks ended October 2, 2022, an increase of 10.1 percent from $19.50 billion last year.

Import growth is expected to moderate during the first half of 2022 giving the nation’s congested container ports a much-needed break. Imports at the nation’s ports are expected to grow modestly during the first half of 2022, according to the monthly Global Port Tracker report released by the National Retail Federation and Hacker Associates. But continued high volumes will keep up the pressure that built as the economy bounced back from the pandemic last year. “We’re not going to see the dramatic growth in imports we saw this time last year, but the fact that volumes aren’t falling is a clear sign of continued consumer demand,” said Jonathan Gold, NRF VP for supply chain and customs policy. Congestion remains on both coasts. The Port of Los Angeles alone has around 40 ships waiting to dock, according to Ben Hackette, founder, Hackett Associates.