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Off-Price Retailers Show Positive July Comp Store Sales Growth
Despite continued lackluster consumer confidence, a number of national an regional chains report gains in comparable store sales for July.
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Shopko Finds Success With Gourmet Branded Housewares
Shopko’s recent launch of its proprietary Gourmet-branded housewares assortment has been well-received by shoppers, with success in cookware and small electrics, Rod Ghormley, the retailer’s senior vp/gmm told HOMEWORLD BUSINESS®.
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Tax Rebate Checks Help Boost May Retail Sales
Retail sales were up in May and the National Retail Federation pointed to federal tax rebate checks as the main reason for the increase.
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Pier 1 Makes Acquisition Bid For Cost Plus
Home furnishings retailer Pier 1 has made an acquisition bid for Cost Plus, Inc. for a price of $4 per share. Pier 1 officials said in a company press release that they believe the transaction could be completed by the third quarter.
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Discounters, Warehouse Clubs Report Strong May Same-Store Sales Gains
Consumers looking to stretch their dollars in the face of higher prices for products ranging from gasoline to food turned to discounters and warehouse clubs in May, as most chains in those retail channels reported comp stores sales gain for the month.
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Dorel Restructures Senior Management Adding New Segment Presidents
Dorel Industries is implementing a new senior management structure to maximize the growth opportunities that it sees ahead. Three posts of Segment President have been added; one for each of Dorel's segments; Juvenile, Recreational/Leisure and Home Furnishings.
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Kohl's Donates $3 Million To University of Wisconsin-Madison's Center For Retailing Excellence
Kohl’s has donated $3 million to the University of Wisconsin-Madison for establishment of the Kohl’s Department Stores Center for Retailing Excellence.
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Harold Schwinn, Christopher Lemmon of Gold award winner Reynolds Consumer Products with Deborah and Terry Shearer, of Organize.com
Inaugural Homewares Show Awards Recognize Innovation
Four housewares/home goods suppliers were honored for innovative new products at the first annual Homewares Show Awards.
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