A 2014 Harris Poll EquiTrend Brand of the Year study on regional grocery store banners in the Midwest, Northeast, West and South regions Named Hy-Vee, Wegmans, Costco and Publix as most popular in their sections of the United States. The study was based on a sample of 41,806 U.S. consumers ages 15 and older surveyed online from January 3 through January 31.
Tuesday July 22nd, 2014 - 10:58AM
Newell Rubbermaid has announced that the company has signed a definitive agreement to acquire Ignite Holdings, LLC from North Castle Partners, a leading private equity firm focused on consumer businesses that promote healthy, active and sustainable living.
Monday July 21st, 2014 - 9:43AM
Office Depot, Inc. has announced that the appointment of Mark Cosby as president, North America, reporting to Roland Smith, chairman and CEO. He will become a member of Office Depot’s executive committee and leadership team in addition to overseeing the company’s retail, contract sales, e-commerce, merchandising, marketing, real estate and supply chain functions in North America.
Monday July 21st, 2014 - 10:27AM
According to NRF’s 2014 Back-to-School Survey conducted by Prosper Insights & Analytics, the average family with children in grades K-12 will spend $669.28 on apparel, shoes, supplies and electronics, up 5% from $634.78 last year. However, total spending on back to school will drop slightly, to $26.5 billion, as the survey found there are slightly fewer students in households this summer.
Friday July 18th, 2014 - 9:59AM
Joseph Joseph announced today that it has appointed housewares industry veteran Don Turano to the newly created position of North American President. Turano has more than 15 years of experience in the consumer goods arena, with a specialization in sales and marketing across multiple consumer vertical markets.
Friday July 18th, 2014 - 10:23AM
At a press event in New York yesterday, Ikea unveiled its new catalog and a theme that will influence its business generally through the next year: "Where the Everyday Begins and Ends." Under that theme, Ikea is emphasizing bath, organization and bedroom among the product categories it covers.
Thursday July 17th, 2014 - 2:16PM
Williams-Sonoma, Inc. has announced it has hired Ronald R. Young as svp/global. In his new position, Young is tasked with growing the portfolio of Williams-Sonoma, Inc. brands outside the United States. The announcement was made by Laura Alber, president and CEO, Williams-Sonoma, Inc.
Thursday July 17th, 2014 - 1:57PM
Today, the United States Census Bureau announced that advance estimates of U.S. June retail and food services sales— adjusted for seasonal variation and holiday and trading-day differences but not for price changes— were $439.9 billion, an increase of 0.2% from May, and 4.3% from June 2013. Total sales for the April through June 2014 period were up 4.5% from the period a year earlier.
Tuesday July 15th, 2014 - 11:01AM
Former Crate and Barrel CEO Barbara Turf passed away Saturday, July 12, after a battle with pancreatic cancer. She was 71.
Monday July 14th, 2014 - 9:39AM
In the first quarter ended May 31, Helen of Troy Inc. posted net income of $16.4 million, or 55 cents per fully diluted share, versus $14.4 million, or 45 cents per fully diluted share, in the year-prior period. Adjusted income came in at $24.6 million, or 83 cents per fully diluted share, compared to $26.4 million, or 82 cents per fully diluted share, for the year-earlier quarter.
Thursday July 10th, 2014 - 11:57AM
Walmart took its domestic purchasing program to the next level with an event that included opening its doors to more than 500 manufacturers at its Bentonville, AK, headquarters in the company’s first-ever Made in the USA open call. As part of the event, which Walmart conducted yesterday, suppliers met with the company’s senior leaders and merchants to pitch products for store, club and online distribution.
Wednesday July 9th, 2014 - 2:17PM
Today, HSN, Inc. announced the promotion of Bill Brand to president of HSN, effective immediately. He will retain his role as HSNi chief marketing officer and will continue to report directly to HSNi CEO Mindy Grossman.
Tuesday July 8th, 2014 - 2:21PM
Cost Plus World Market, acquired by Bed Bath & Beyond in 2012, has opened its first store in the Northeast region of the United States. Located at 530 West Mt. Pleasant Avenue, Livingston, NJ, the new store will have all the merchandise for which World Market is known, including home furnishings, home décor, fashion accessories and gourmet food and beverage items from around the world.
Tuesday July 8th, 2014 - 11:05AM
At its annual meeting today, Bed, Bath & Beyond addressed observer and investor concerns about softer earnings in the most recently completed fiscal year, saying that the company has been making critical investments in infrastructure, especially as regards the company's online capabilities. "There has never been a better time in our company's history than right now," Len Feinstein, the retailer's co-founder and co-owner told annual meeting participants.
Monday July 7th, 2014 - 1:30PM
Keurig Green Mountain and Nestlé USA, a division of Nestlé today announced a multiyear agreement to bring Nestlé Coffee-Mate branded coffee with creamer to K-Cup packs for the Keurig brewing system. According to the companies, Nestle Coffee-mate is the first brand to offer a 2 in 1 K-Cup pack for hot coffee - combining roast and ground coffee with branded creamer.
Tuesday July 1st, 2014 - 2:45PM
The International Housewares Association’s (IHA) new consumer engagement initiative, which it announced last month, will be called Inspired Home and will launch this fall, the association reported today. The initiative is designed to market IHA members’ housewares products directly to consumers, according to the IHA.
Tuesday July 1st, 2014 - 10:45AM
In a signal it is confident in its strategic direction, Big Lots announced that its board of directors initiated a cash dividend program. The initial quarterly cash dividend will be 17 cents per common share, payable on July 29 to shareholders of record as of the close of business on July 11.
Friday June 27th, 2014 - 3:43PM
Dollar General Corporation has announced that its chairman and chief executive officer, Rick Dreiling, 60, has informed the board of directors of his intent to retire as CEO effective May 30, 2015 or upon the appointment of a successor. Dreiling has agreed to serve, at the discretion of the Board, as chairman during a transition period following the appointment of a new CEO.
Friday June 27th, 2014 - 12:46PM
For the third quarter ended May 31, Walgreen Co. posted adjusted net earnings of $883 million, or 91 cents per diluted share, versus $812 million, or 85 cents per diluted share, in the year-ago quarter. Front-end comparable store sales, including those for general merchandise such as home goods and housewares, gained 2.2% in the third quarter as customer traffic decreased 0.7% but basket size increased 2.9% compared with the year-ago period, the company reported.
Tuesday June 24th, 2014 - 1:27PM
Walmart has reassigned more than a dozen top merchants as part of a realignment of responsibilities with the goal of better recognizing and addressing customer needs, according to published reports. The stated basis of the reports is a memo from chief merchandising and marketing officer Duncan Mac Naughton.
Tuesday June 24th, 2014 - 12:28PM
Annie Young-Scrivner, evp/Starbucks Coffee Company and president of its Teavana business, has been elected to the Macy’s, Inc. board of directors, effective today.
Monday June 23rd, 2014 - 12:19PM
Investor Carl Icahn has asked retailer Family Dollar to put itself up for sale immediately, threatening a proxy war to replace the company's entire board if a sale process is not started. Icahn, who became Family Dollar's largest shareholder earlier this month, also asked that three of his representatives be added to the company's board immediately and be part of a new committee tasked with finding a buyer.
Friday June 20th, 2014 - 12:43PM
The Cookware Company, which manufactures GreenPan ceramic non-stick cookware, has entered into a strategic licensing agreement with Helen of Troy to develop a cookware collection for Helen of Troy’s OXO brand. According to The Cookware Company, the partnership will broaden its reach in the cookware market, as the new line will incorporate materials and cookware styles new to The Cookware Company. For Helen of Troy, the licensing agreement extends OXO’s reach into a strategic new category for the housewares brand.
Thursday June 19th, 2014 - 4:53PM
Keurig Green Mountain, Inc. announced today that it will open a manufacturing facility in Douglas County, GA to support the production of pods for the company’s pending “Keurig Cold” platform. Keurig has closed on the purchase of a 585,000 square foot building for renovation in Douglasville, and anticipates creating 550 new jobs and investing $337 million into the facility over the next five years.
Thursday June 19th, 2014 - 12:32PM
In the 12 months ending April 2014, acrylic wine glass sales more than doubled from the previous year’s results, the strongest performance of any beverageware segment, according to The NPD Group, a global information company. Acrylic old-fashioned glasses, goblets and champagne glasses also grew during this time period. Conversely, sales of hi-ball glasses/tumblers, the largest acrylic segment, declined.
Thursday June 19th, 2014 - 11:53AM
In recent years there has been a surge in the market of stainless steel grilling accessories. With all the different options to choose from, one might ask, "what essentials do I need in my repertoire for successful grilling?"
Monday June 16th, 2014 - 2:02PM
The Dallas Market Center recently unveiled its brand refresh emphasizing Dallas Market Center as "The Center of it all," referring to commerce, efficiency and inspiration.
Friday June 13th, 2014 - 9:07AM
As the back to school season approaches, Staples, Inc. is teaming up with singer Katy Perry to “Make Roar Happen” and support teachers during the back-to-school season, the retailer announced. To encourage teachers, parents and students across the United States to Make Roar Happen, a slogan that references a Perry song, Staples will become the presenting sponsor of her Prismatic World Tour's North American leg, which resumes on June 22 in Raleigh, N.C, the company noted.
Friday June 13th, 2014 - 11:59AM
Chinese e-commerce giant Alibaba, which went public in the U.S. last month with an IPO expected to raise upwards of $20 billion, has launched a new, invitation-only online shopping hub called 11Main.com. The internet marketplace is offering a hand-selected collection of specialty small business retailers and boutiques that sell fashion items, jewelry, home goods and art including one-of-a-kind items, not available at mass merchants and other large e-commerce sites, the company said.
Thursday June 12th, 2014 - 10:42AM
Restoration Hardware Holdings, Inc. announced double digit growth in its fiscal first quarter for this year, ended May 3, 2014. The retailer reported a net revenue increase of 22%— $366.3 million from $301.3 million in the first quarter of fiscal 2013— on top of a 38% increase for the same period last year. Comparable brand revenue growth was 18% on top of 39% for the same period last year.
Thursday June 12th, 2014 - 10:33AM
Helen of Troy Limited has entered into a definitive purchase agreement to acquire Healthy Directions, LLC and its subsidiaries (Healthy Directions), a U.S. retailer of premium doctor-branded vitamins, minerals and supplements (VMS), as well as other health products sold directly to consumers. The purchase price will be approximately $195 million in cash, subject to certain customary closing adjustments. The sellers are certain funds controlled by American Securities, LLC and ACI Capital Co., LLC. Following the closing of the acquisition, Healthy Directions will continue to be based in Bethesda, Maryland.
Wednesday June 11th, 2014 - 9:21AM
Family Dollar Stores, Inc. has announced that its board of directors has adopted a one-year shareholder rights plan, or poison pill, in the wake of activist investor Carl Ican taking a stake in the company. On May 27, Icahn Capital LP, in a filing with the United States Securities and Exchange Commission, stated that it controlled 10,691,011 Family shares and options to purchase shares, representing approximately 9.39% of the issuer's outstanding stock.
Tuesday June 10th, 2014 - 1:26PM
Wal-Mart Stores Inc. has named Fernando Madeira as its the new president and CEO of Walmart.com in the wake of Joel Anderson's move to Five Below, according to published reports. Madeira has been the retailer's president and CEO of E-commerce in Latin America.
Tuesday June 10th, 2014 - 12:28PM
EveryWare Global, Inc. announced today that its board of directors appointed Sam Solomon as its permanent CEO. Solomon had been named the company's interim CEO on February 25, 2014.
Monday June 9th, 2014 - 9:45AM
Bormioli Rocco has named Michael Donovan director/sales and marketing. As previously reported, Patrick Accorsi, who was formerly in the role, is now president and general manager of Bodum USA.
Monday June 9th, 2014 - 12:53PM
Wal-Mart Stores, Inc. has announced the appointment of Greg Penner to the new position of vice chairman of the board of directors. In the new non-management role, Penner will serve as chairman of the board in the chairman’s absence.
Monday June 9th, 2014 - 11:13AM
In a presentation at the company’s Annual Shareholders Meeting, Wal-Mart Stores, Inc. president and CEO Doug McMillon outlined how the company would serve customers and fulfill its core mission through three core principles. The company will redouble its efforts in customer service, employee investment and technology, he declared.
Friday June 6th, 2014 - 1:13PM
Meco Corp. has announced it acquired Stakmore, manufacturer of wood folding furniture, in a transaction that closed on May 30. Meco stated that it expects the acquisition to give the company a stronger position in the folding furniture industry and to provide its customers with a broader line of options that better serve the consumer market.
Wednesday June 4th, 2014 - 9:15AM
Brookstone, which announced in April that it expected Spencer's Spirit Holdings Inc. to purchase it for $147 million, has reported that Sailing Capital Consortium prevailed at the company's June 2 bankruptcy auction. Sailing outbid Spencer's with a $173 million offer, the retailer noted.
Wednesday June 4th, 2014 - 12:16PM
For its 13-week first quarter ended May 2, Dollar General Corp. posted net income of $222 million, or 72 cents per diluted share, versus $220 million, or 67 cents per diluted share, in the year-prior period. Comparable store sales advanced 1.5% due to increases in both customer traffic and average transaction amount, the company announced.
Wednesday June 4th, 2014 - 11:24AM
Bodum has announced the appointment of Patrick V. Accorsi as President and General Manager of Bodum USA, Inc., the North American arm of the global, privately held brand. Accorsi will assume responsibilities on July 1 and brings more than 18 years of relevant industry experience with him to his new role.
Monday June 2nd, 2014 - 9:43AM
Wal-Mart Stores, Inc. has announced the promotion of Shelley Broader to executive vp, president and CEO of Walmart EMEA supervising operations and business development in Europe, the Middle East, Sub-Saharan Africa and Canada. She has been president and CEO of Walmart Canada, the company noted.
Monday June 2nd, 2014 - 12:05PM
Big Lots, Inc. has reported adjusted income from continuing operations of $28.6 million, or 50 cents per diluted share, versus $40.3 million, or 70 cents per diluted share, for the 2013 period. Comparable store sales gained 0.9% year over year, according to the company.
Friday May 30th, 2014 - 11:23AM
For the first quarter ended May 3, Fred's, Inc. has posted net income totaled $6.1 million or 17 cents per diluted share versus $11.4 million or 31 cents per diluted share for the year-prior period. First quarter comparable store sales slipped 1.9% year over year, the company reported.
Friday May 30th, 2014 - 10:53AM
Charolette, North Carolina-based department store Belk reported flat sales and profit loss due to rising expenses for its fiscal first quarter ended May 3. According to company chairman and CEO Tim Belk, the expense costs, which are expected to total $700 million over a three-year period that began this quarter, will continue to impact the company's short term profitability, however, "we are building a solid foundation for long term growth and success."
Friday May 30th, 2014 - 10:26AM
IMUSA USA President Manny Gaunaurd is retiring from the company effective May 30. Raul Corzo, currently vp of the company, will take the helm as president, effective June 1, the two told HOMEWORLD BUSINESS® in an exclusive interview. Gaunaurd and Corzo have been with IMUSA USA since its inception.
Thursday May 29th, 2014 - 11:30AM
For the 12-week third quarter ended May 11, Costco Wholesale Corp. posted net income of $473 million, or $1.07 per diluted share, versus $459 million, or $1.04 per diluted share, in the period a year ago. Comparable store sales, excluding the impact of gasoline price and foreign exchange rate fluctuations, increased 6% in the United States and 8% in international markets for a company total of 6%.
Thursday May 29th, 2014 - 10:52AM
Dallas Market Center today announced renovations are underway in two neighborhoods of the Trade Mart to meet the needs of the growing luxury gift, lifestyle design, and gourmet housewares categories in Dallas. The initial phase includes an overhaul and modernization of two sections of the Trade Mart second floor to cater to manufacturer's permanent space needs as well as an expo area to service buying groups and gourmet vendor showcase events.
Wednesday May 28th, 2014 - 11:08AM
For the 13 weeks ended May 3, Ross Stores, Inc. has reported earnings of $243.9 million. or $1.15 per share, versus $234.6 million, or $1.07 per share, for the 13 weeks ended May 4, 2013. Comparable store sales for the first quarter rose 1% year over year, the company announced.
Tuesday May 27th, 2014 - 11:07AM
Target Corp. has announced the appointment of Kristi Argyilan as senior vp/media and guest engagement. The company said she joins the organization effective June 2 and will supervise and integrate the company’s paid, earned, owned and shared media initiatives.
Tuesday May 27th, 2014 - 10:32AM
ON THE RECORD
Live Up To The Promise
Could it it really be the midway point of another year is already here? It is a time when the promises of the first half of the year turn to actions that will define the back half.
Could it it really be the midway point of another year is already here? It is a time when the promises of the first half of the year turn to actions that will define the back half.
Click Here to read the full article.