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Appliances
iRobot Gains Sales Momentum

iRobot said it has experienced stronger-than-expected orders during the second quarter as consumers are increasingly relying on Roomba robot vacuums and Braava robot mops to address their home floor care needs.

Retail
Lowe’s Provides Additional Bonus To Associates

Lowe’s has added $100 million in bonuses to recognize and reward front-line associates for their outstanding contributions, increasing the company’s total commitment to associates and communities during the pandemic to more than $450 million.

Home Décor
Bestar-Bush Adding Staff To Meet Rising Demand

The merger of Bestar and Bush Industries occurred in time for the combined enterprise to address a market aligning with its core competencies, including e-commerce and product development, and ready to tap key product categories, including the home office furniture segment, such that the company anticipates adding 30 to 40 employees to its workforce in the coming weeks, said Mark Weppner, svp/marketing, design and engineering for the company.

Tabletop
Corkcicle Appoints McDonough CEO

Corkcicle has appointed Chris McDonough as its new chief executive officer. Ben Hewitt, Corkcicle’s co-founder, has stepped down from his role as CEO and will maintain his role as chairman of the board of directors.

Retail
Amazon Invests In The Climate Pledge Fund

Amazon has invested in The Climate Pledge Fund to support the development of sustainable technologies and services that will enable Amazon and other companies to meet The Climate Pledge— a commitment to be net zero carbon by 2040.

Retail
Big Lots Completes Sale/Leaseback Transaction

Big Lots has completed its previously announced sale and leaseback transactions with affiliates of Oak Street Real Estate Capital relating to its four company-owned distribution centers. Gross proceeds from the transactions were $725 million and net proceeds, after expenses and taxes, are expected to be approximately $550 million. 

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