housewares

Retail
Sears Hometown Strikes Deal To Sell Outlet Business

Liberty Tax has struck a deal with Sears Hometown & Outlet Stores to acquire the Outlet part of that company’s business as well as, in an affiliated transaction, a group of franchised Buddy’s Home Furnishings stores in an all-cash transaction valued at up to $132.9 million.

Tabletop
Libbey To Drive Growth With Corporate Restructuring

Libbey is kicking off a corporate organizational realignment plan that company officials said is designed to drive improved performance and growth. It said the plan is expected to reduce annual pre-tax run-rate costs by approximately $9 million to $11 million.

Appliances
PicoBrew Introduces Coffee Brewer

PicoBrew has introduced Pico MultiBrew, a kitchen countertop brewing appliance that is said to use advanced software and hardware to brew high-quality coffee. The MultiBrew is also capable of brewing tea, kombucha, beer and other specialty beverages like horchata in various sizes.

Retail
Target Teams With Disney On In-Store Shops

Target is teaming up with Disney and will open a store at the Walt Disney World Resort in Orlando, FL, as part of the new partnership. The retailer will also open in-store Disney shops in select locations that will feature not only Disney merchandise but also the entertainment company’s Star Wars and Marvel properties.

Retail
Nordstrom Names Bariquit Chief Merchandising Officer

Nordstrom has named Teri Bariquit chief merchandising officer. In this newly created role, Bariquit will serve as a member of the company’s executive team, leading the full-price and off-price merchandising areas. She will report to co-president, Pete Nordstrom. 

Tabletop
Lenox Signs Licensing Deal With Arlee Home Fashions

Lenox has signed a licensing deal with Arlee Home Fashions, a home textiles manufacturer. Company officials said that in collaboration with Lenox, Arlee Home Fashions will design and market new table linen, kitchen textile and bath collections, set to debut in early 2020.

Retail
Evine Rebrands To ShopHQ

iMedia Brands has officially completed the on-air rebranding of its flagship, nationally distributed shopping entertainment network to ShopHQ (formerly Evine), capping a six-week awareness campaign with its customers across its television, online, mobile and social media platforms.

Financials
Ross Stores Rolls Through Q2

Ross Stores rolled through the second quarter, growing both sales and earnings. The off-price retailer also updated its earnings guidance with a cautious eye on the new tariffs on goods sourced from China.

Retail
Byrne Out At Overstock, Johnson Named Interim CEO

Patrick Byrne has resigned from his Overstock.com roles as CEO and member of the board of directors, and the company has appointed Jonathan Johnson interim CEO. The announcement was made by Allison Abraham, the chair of the company’s board of directors. 

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