luxury

Retail
Gump’s Files For Bankruptcy

Gump’s Holdings and its affiliates Gump’s Corp. and Gump’s By Mail, Inc. have filed voluntary petitions on August 3 for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Nevada.

Home Décor
Kline: Home Fragrance Segment Growing

The home fragrances market in the U.S. outpaced the previous year’s growth through 2017, with Internet sales playing an important role in the market’s performance, according to Kline’s “Home Fragrances: U.S. Market Analysis and Opportunities” report.

Financials
Neiman Marcus Cuts Q3 Loss

For the third fiscal quarter ended April 28, Neiman Marcus Group posted a net loss of $19.9 million versus a net loss of $24.9 million in the period a fiscal year earlier.

Organization & Cleaning
Whitmor Acquires Neat Method

Whitmor, Inc. has acquired Neat Method, which provides luxury home organization services to households around the country through its 25-plus current locations in operation. This acquisition marks the first in Whitmor’s history.

Financials
Neiman Marcus Posts Q3 Loss

Neiman Marcus posted a deeper net loss and a decline in sales for its third quarter, while media reports indicated that the struggling retailer had shelved plans regarding the sale of the company.

Featured News
RH Posts Solid Earnings, Sales In Q2

As the retailer builds several marketing and branding initiatives for the fall, Restoration Hardware (RH) reported a surge in net revenues in the second quarter, as well as net income that was above analyst estimates although below year over year comparisons.

Retail
Bluemercury Opens 100th Retail Location

Bluemercury, a beauty retailer owned by Macy’s, has opened its 100th store in Savannah, GA. A grand opening event took place with the company’s founders, Marla and Barry Beck, and a ribbon cutting ceremony led by Savannah’s Mayor, Eddie DeLoach.

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