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.
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.
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.
The 4th annual Home Improvement eRetailer Summit is set for November 6-8 at the Hotel Monaco Chicago.
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.
Walmart U.S. chief marketing officer Barbara Messing is reportedly stepping down as of August 30 to return to the San Francisco Bay area, according to recent media reports.
Shell Creek Sellers, a manufacturer of reusable straws, has debuted its customs sets of stainless steel straws.
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.
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.
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.
Target is celebrating two recent milestones, cutting the ribbon on its 100th small-format store, and surpassing its 500th store remodel.
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.