Spectrum To Acquire Former Salton/Applica Business
Spectrum Brands and Russell Hobbs, Inc. today announced they have signed a definitive agreement to bring Russell Hobbs’ network of…
Financials
CIT Group Names Thain Chairman, CEO
CIT Group Inc. today announced that its Board of Directors has elected John A. Thain Chairman and Chief Executive Officer…
Retailers Report Solid January Comp Sales Gains
With the nation’s economy showing some signs of life, a number of leading retailers reported solid comparable store sales growth…
Solid Holiday Season Boosts Kirkland’s Q4, Annual Sales
A strong fourth quarter buoyed by a solid holiday season served to provide home goods retailer Kirkland’s with positive…
Furniture, Home Help Drive Big Lots Sales Growth
A strong holiday selling season combined with enhanced in-store merchandising execution helped Big Lots report its strongest fourth-quarter comparable…
Libbey Announces $400 Million Debt Refinancing
Libbey Inc. announced today that its wholly owned subsidiary Libbey Glass Inc. has priced $400 million aggregate principal amount of…
Libbey Fourth Quarter 2009 Sales Up 11%
Libbey Inc.’s preliminary estimates for the fourth quarter ended December 31, 2009, show total sales of approximately $207 million, compared…
NRF Forecasts 2.5% Increase In 2010 Retail Sales
The National Retail Federation released its 2010 economic forecast today, projecting retail industry sales (which exclude automobiles, gas stations,…
Consumer Confidence Rises Slightly But Outlook Mixed
The Conference Board Consumer Confidence Index, which had increased in December, improved further in January. The Index now stands…
Williams-Sonoma Reports Strong Holiday Sales Growth
The fourth quarter holiday season brought a bright surprise to Williams-Sonoma as the home specialty retailer report strong sales growth…
Best Buy Reports Robust December Sales
The holiday shopping season was a good one for Best Buy as the nation’s leading consumer electronics chain reported a…
Winter Storms Boost Online Holiday Sales
According to comScore, for the holiday season-to-date, $25.5 billion has been spent online, a 4% increase over the corresponding days last…
U.S. Container Traffic Still Soft But Growth Expect In Early 2010
After more than two and a half years of year-over-year declines, import cargo volume at the nation’s major retail container…
Evriholder Acquires A. Aronson
Evriholder Products announced today that it has acquired the assets of A. Aronson. Terms of the deal were not disclosed.…
Pier 1 Q3 Sales Up; Retailer Extends Smith’s Contract
Third-quarter sales at Pier 1 were up again as strong customer store traffic and growth in comparable store sales…
Best Buy Q3 Sales Grow
Third-quarter sales at Best Buy grew driven by new store openings and a modest growth in comparable store sales.…
November Retail Sales Provide Mixed Messages
Retail sales for November offered a mixed message as seasonally adjusted sales grew slightly but year-over-year sales were down,…
Costco Q1 Sales Up 6%
Fiscal year first quarter sales at Costco Wholesale Corporation were up 6% and comparable store sales for locations open…
CIT Emerges From Ch. 11, Stock Trading On NYSE
CIT Group Inc., today confirmed that it has emerged from bankruptcy having satisfied all of the conditions required to consummate…
CIT: Court Accepts Prepackaged Reorganization Plan, Emergence From Chapter 11 Expected In Days
CIT Group Inc. announced today that its prepackaged plan of reorganization was confirmed by the United States Bankruptcy Court for…