On the heels of a “kitchen sink” quarter that saw the struggling department store chain close the year with a fourth quarter of money loss, Kohl’s new CEO is betting on the retailer’s comeback in the ability of a new management team to improve the customer experience while continuing to expand its successful Sephora joint venture. Speaking to investors on Wednesday, Chief Executive Officer Tom Kingsbury, who was appointed to the role on a permanent basis on February 2 after replacing former leader Michelle Gass who left Levi’s after four tumultuous years, said improving customer experience was the first of…
Author: Automotivedealernews.com
New York, March 01, 2023 (GLOBE NEWSWIRE) — The auto parts market is expected to generate revenue of $548 billion by 2022, according to Persistent Market Research. With the top 5 market players controlling a significant portion of the auto parts market by 2023, the demand for auto parts will increase. The entire auto parts market is expected to increase to one 5.5% CAGR from 2023 to 2033, reaching 984 billion dollars. The automotive aftermarket is a complex and dynamic industry serving the needs of vehicle owners and repair shops around the world. Aftermarket parts are replacement parts that are…
DeLorean Motor Company, the company famous for the DeLorean DMC-12 sports car that served as the basis for Doc Brown’s time machine in the “Back to the Future” movies, has been revived as an electric vehicle company and is working on its first model, the Alfa 5. First shown last May, the Alpha5 is a large coupe that packs a 100kWh battery and promises a range of over 300 miles on a charge. Like the DMC-12, the Alpha5 was penned by Italdesign and features a pair of gullwing doors. It will also easily reach 88 mph, a feat it can…
advances goal of 40 billion BTU daily renewable natural gas production by 2030Visalia, Ca. March 1, 2023 – Chevron USA Inc. (NYSE: CVX) today announced the opening of its second compressed natural gas (CNG) station in the state of California, increasing the availability of lower-carbon fuels for heavy-duty vehicles. This newest station is a collaboration between Valley Pacific, one of California’s largest fuel marketers, and Chevron.”Chevron has seen strong demand for our CNG fuel offering from new and existing customers,” said Nuray Elci, Chevron’s General Manager of Renewables. “CNG is a low-carbon fuel for fleets. Chevron is expanding our renewable…
Currently, 331 seafarers are stranded on 62 ships in nine Ukrainian ports, including Mariupol and Odesa, Dryad Global founding partner Munro Anderson told Rigzone. “Prior to the Russian invasion, approximately 2,000 seafarers were stationed on 112 vessels in Ukrainian ports in the Black Sea and Sea of Azov,” Munro said in a statement sent to Rigzone. “After the outbreak of war, most of the crew members were evacuated. However, there are currently 331 seafarers stranded,” he added. In the statement, Anderson noted that the UN has recently been urged to support the repatriation of sailors trapped in Ukraine and to…
New figures show the UK’s new car market has grown for six consecutive months. Some 131,994 new cars were registered last month, up 14.7% on January 2022, the Society of Motor Manufacturers and Traders (SMMT) said. Electrified vehicles are driving the increase. Hybrid electric vehicle registrations were 40.6% higher in January than during the same month in 2022. Pure electricity market share was 13.1%, down from last year’s average of 16.6%. A new forecast from the SMMT predicts that total registrations for all of 2023 will reach 1.79 million, up 11.1% from last year. The industry body warned that the…
Alberta is forecasting a $2.4 billion budget surplus for its oil-fueled economy this year, with plans to take a big bite out of its debt and put in place guardrails to avoid spectacular deficits when the oil booms end. “This plan achieves the priorities of Albertans, which include ensuring the government lives within its means,” Finance Minister Travis Toews told reporters Tuesday before introducing the 2023-24 budget to the legislature. “Our relentless focus on attracting investment, creating jobs and diversifying has secured our position as Canada’s economic engine.” It is United Conservative Party Prime Minister Danielle Smith’s…
Police are at the scene of a crash early Wednesday morning in Hollywood after a freight train collided with a vehicle, causing a roadway to be closed in the area. The crash happened just before 4 a.m. along the westbound lanes of Pembroke Road, west of I-95. Hollywood Police and Pembroke Park Police were both on the scene. The car involved sustained extensive damage, but police have not released any injuries at this time. Drivers are advised to avoid Pembroke Road for much of the morning while the investigation continues. Tri-Rail said its trains are also experiencing delays and there…
PRESS RELEASEPublished on March 1, 2023The seat ventilation market is a critical component of the automotive industry, providing drivers and passengers with comfortable, temperature-controlled seats. The seat ventilation systems are designed to regulate the temperature of the seats, providing a cooling effect during hot weather and a warming effect during cold weather. These systems usually use fans and/or heating elements to circulate air or heat around the seats. The market for seat ventilation systems is driven by the growing demand for comfortable and convenient seating options in vehicles. Request sample copy of report @ https://www.persistencemarketresearch.com/samples/14929 One of the important factors…
According to Gladney B. Darroh, founder and president of Houston-based Piper-Morgan Search, there will not be a hiring boom in the oil and gas industry in 2023. “There will continue to be market-sensitive hiring, even at a pace for fresh graduates and experienced hires,” Darroh told Rigzone. “For new graduates it’s because they’re filling a company’s pipeline for talent and talent development as existing employees move up the career ladder or age out,” Darroh added. “For experienced hires it’s because they offer game/region specific talent to fill a void created by an exit from the company, or to fill a…