Veteran housewares chief executive Antonio Galafassi has launched a new company— Warefor— to provide what the company describes as a turnkey solution to help domestic and international manufacturers bring home products to the U.S. market rapidly and cost effectively.
Consumer focus on the home helped Lowe’s Cos. drive strong fourth-quarter comps and post substantial earnings gains for fiscal 2020.
HomeGoods delivered strong comparable sales gains for TJX Cos. in a fourth quarter and fiscal year when the company struggled to overcome store closings and other effects of the coronavirus pandemic.
A stellar fourth quarter with double-digit comparable sales growth closed out a bright fiscal year at Home Depot.
Macy’s suffered lower comparable sales in a coronavirus-stricken market but beat a fourth-quarter Wall Street earnings estimate in posting profits in the quarter while announcing a full-year loss.
Kohl’s Corp., in response to an open letter from an investor group seeking board changes at Kohl’s, issued a statement rejecting what it characterized as the investor group’s attempt to seize the company’s board of directors.
The COVID-19 pandemic hit Dillard’s hard in the 2020, although it is working to recover with a negative fourth-quarter comparable-store sales reading still seven points better than the minus-24% registered in the third quarter, and an earnings beat versus Wall Street in the fourth quarter.
O2Cool LLC has acquired LunchBots, known for its stainless steel bento boxes and on-the-go meal and snack accessories.
At Home Group is introducing an exclusive collection with iconic London designer Tracey Boyd featuring more than 500 items from patio furniture and lighting to pillows, trays, decorative boxes and vases.
A group of investors in Kohl’s Corp. has issued an open letter to Kohl’s shareholders announcing the group’s nomination of nine independent candidates for election to the retailer’s board of directors.
Wayfair will open a new 1.2 million square foot fulfillment center in Romeoville, IL, the company has announced, that will further strengthen its distribution footprint in the Chicago area.
Ulta Beauty is opening a new Herald Square location in New York City on March 5 among 13 store debuts slated by the retailer for March as it advances new product launches and social initiatives.
Lowe’s announced it is donating $250,000 to American Red Cross disaster relief in response to the devastation caused by winter storms in Texas and across a large part of the country.
With the COVID-19 pandemic prompting changes in wedding plans, Crate & Barrel is launching the Love&Gifts Wedding Registry Contest to surprise 10 couples with every item on their wedding registries at Crate & Barrel up to $2,500 and $1,000 donations in their honor to Feeding America.
Preliminary results released by Kirkland’s for the fourth fiscal quarter ended January 30 include expectation of earnings per diluted share of $1.30 to $1.40 and adjusted earnings per diluted share of $1.35 to $1.45, marketing a big step forward year over year.