HomeWorld Business

Financials
Bed Bath & Beyond Posts Q1 Loss But Digital Gains

In the first quarter, Bed Bath & Beyond recorded a big loss but also a significant jump in online sales. The retailer also noted that it plans to close 200 stores over the next two years as part of its ongoing restructuring. 

Retail
Deloitte: Back To School Spending Has Flat Prospects

In its 2020 Back-to-School and Back-to-College studies, Deloitte determined that, amid financial concerns, back-to-school spending will likely remain flat, reaching a collective $28.1 billion for kindergarten through grade 12 students, or approximately $529 per student.

Tabletop
Corkcicle Introduces Slim Arctican

As the growing demand for hard seltzer, hard kombucha, and other spiked beverages continues, Corkcicle has rolled out its new Slim Arctican. The product is designed to keep these beverages cool, as many do not fit in a traditional holder.

Appliances
Hoover Unveils SmartWash Pet Carpet Cleaner

TTI Floor Care North America has unveiled an enhanced version of its Hoover SmartWash automatic carpet cleaner. The new Pet version offers easy-to-use, deep-cleaning technology with new features to tackle carpet and upholstery cleaning needs of households with pets.

Trade Shows
IHA Market Watch Webinar Series Examines Key Consumer Lifestyle Trends

Housewares product developers or retailers looking for guidance on where to focus critical resources in the coming months and years can find some insights in a new webinar series from the International Housewares Association. The six-part series, which runs Tuesday and Thursdays July 9-28 and features the newly created IHA Market Watch report, offers a deep-dive into each of five key consumer lifestyle trends, highlights shifts in light of the pandemic and includes implications for both suppliers and retailers.

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