Author Matthew Kramer

Retail
Sears Opens Three Home & Life Stores

Sears has opened a new smaller format Sears Home & Life store in Lafayette, Louisiana. Two other Sears Home & Life stores are also opening this weekend in Anchorage, Alaska, and Overland Park, Kansas. 

Financials
Nordstrom Sales Fall In Q1

Nordstrom reported that its net sales decreased 3.5% for the first quarter. The company said its top-line results were impacted by three areas— loyalty, digital marketing and merchandise— which contributed to declines across its full-price and off-price businesses, in both stores and online.

Trade Shows
IHA Encourages Member Action On Latest Proposed Tariffs

With the most recent list of proposed tariffs affecting the housewares industry, the International Housewares Association is encouraging members to contact their congressional representatives or provide comment to the United States Trade Representative (USTR) on the tariffs’ effect on their business.

Organization & Cleaning
Igloo Recalls Marine Elite Coolers

In cooperation with the U.S. Consumer Product Safety Commission, Igloo Products has recalled its Marine Elite Coolers. The cooler’s stainless-steel latch can automatically lock when the lid is closed, allowing a person to become locked inside the air tight container, posing entrapment and suffocation hazards.

Retail
Fred’s Closing More Stores

SB360 Capital Partners, an asset disposition firm, said it has been retained by Fred’s as the exclusive consultant to conduct store closing sales in 104 additional stores for the retailer.

Retail
Report: Save-A-Lot Exploring Sale

Save-A-Lot, a discount grocer owned by private equity firm Onex Corp., is exploring a sale of all or part of itself, as it deals with increased competition and debt load, according to a recent Reuters report.

Retail
Kroger, Lindsay Goldberg Team On Growing Consumer Product Brands

Kroger and Lindsay Goldberg, a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses, have formed PearlRock Partners. The new platform will identify, invest in and help grow the next generation of leading consumer product brands, the companies said.

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