Author Matthew Kramer
Stage Stores’ comparable sales were down in the first quarter ended May 4, but the retailer said it was encouraged by its off-price store conversion plan and its expansion of the home department.
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.
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.
Stein Mart is installing Amazon Hub Lockers in nearly 200 of its stores across 28 states. Amazon Hub Lockers are secure, self-service kiosks that provide customers of the online retailer an alternative delivery option to pick up and return their Amazon packages.
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.
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.