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Retail
   

Stockholm Collection Emphasizes Ikea 'Smart Craftsmanship'
Ikea has launched its new 2013 Stockholm collection, emphasizing “Smart Craftsmanship” with high-quality, timeless pieces designed to stand up to the ages. Inspired by ‘50s and ‘60s home furnishings, the new collection combines detailed, functional design with fine materials such as full-grain leather and bone china to offer comfort, style and sophistication at an affordable price, the retailer said.
Friday May 17th, 2013 - 5:43PM
 

Wall Art Extends Staple's Lifestyle Product Push
Staples is launching a Sports & Art Photo Gallery to further its goal of becoming a lifestyle product resource for its office and professional goods customers. Staples store shoppers will be able to look through a digital library of licensed professional photographs, featuring images from the NFL and NBA as well as landscapes and fine art, select, then purchase and print.
Friday May 17th, 2013 - 2:26PM
 

CocoMia Decor Piece
New Home, Accessories Site Focuses On Women's Self Expression
A new online boutique for women looking to accessorize both their wardrobes and their homes has just debuted. CocoMia offers small home accessories and trendy jewelry with whimsical and affordable finishing touches, so personalizing product to a woman’s unique style, the online retailer announced.
Friday May 17th, 2013 - 2:10PM
 

Kohl's Roughed Up In Q1 But Earnings Beat Street
For the first quarter ended May 4, Kohl’s Corp. has reported that net income decreased to $147 million, or 66 cents per diluted share, from $154 million, or 63 cents per diluted share, for the year-prior period. Comparable store sales decreased 1.9% in the quarter year over year.
Friday May 17th, 2013 - 1:12PM
 

Wal-Mart Cites Weather For Chilling Q1 Sales
For the first quarter ended April 30, Wal-Mart Stores, Inc. posted net income of $3.8 billion, up 1.1% versus the year-earlier period, while diluted earnings per share reached $1.14, a 4.6% advance from $1.09. However, comparable stores sales at namesake stores in the United States fell by 1.4% as overall U.S. comps slipped by 1.2% versus the period last year, the retailer reported.
Thursday May 16th, 2013 - 2:24PM
 

Rachael kitchenware promoted on walmart.com
Meyer Rolls Out Rachael Ray Kitchenware At Walmart
Meyer Corp. has expanded its retail reach for Rachael Ray kitchenware, with recent placement in Walmart stores and on Walmart.com. The comprehensive Rachael Ray assortment includes cookware, bakeware, kitchen tools, serveware and tabletop products.
Wednesday May 15th, 2013 - 3:51PM
 

Henderson, Foley Take On New Financial Challenges At Kroger
The Kroger Co. has named Scott Henderson vp/pension investment and strategy, it has announced. The company also has named Todd Foley vp and treasurer.
Wednesday May 15th, 2013 - 12:30PM
 

Macy's Q1 Tops Street On Earnings Despite Headwinds
For the first quarter ended May 4, Macy’s, Inc. today reported earnings of $217 million, or 55 cents per diluted share, versus $181 million, or 43 cents per diluted share, for the period last year. Comparable store sales increased 3.8% from last year’s first quarter.
Wednesday May 15th, 2013 - 11:59AM
 

Five Below Sales, Stores, Shares Expand
Even as it posted first quarter sales results, Five Below, Inc. announced that it was redistributing stock and entering new markets. For the fiscal first quarter, the tween-oriented discount store chain announced that total sales increased 33% to $95.6 million as comparable store sales increased 4.2%.
Wednesday May 15th, 2013 - 11:11AM
 

Concept Store Focuses Century 21 Selling Initiatives
Century 21 Department Store is opening a new concept operation at The Outlet Collection/Jersey Gardens in Elizabeth, NJ. With a smaller footprint, the new store offers an elevated shopping experience, the retailer stated, and an edited assortment of designer merchandise from the United States and Europe at up to 65% off retail every day.
Tuesday May 14th, 2013 - 12:31PM
 
Aaron's Names Kamerschen General Counsel
Lease-to-own retailer Aaron's, Inc., which specializes in residential furniture, consumer electronics, home appliances and accessories, has announced that it appointed Robert Kamerschen senior vp and general counsel. His new responsibilities include managing all legal and governmental affairs for Aaron's, including employment law, regulatory matters, intellectual property, litigation, vendor relationships, financings, acquisitions and related matters, the company stated.
Tuesday May 14th, 2013 - 12:09PM
 

Electronic Currency Enriches Amazon Enticements
Amazon, Inc. has gotten into the electronic currency game and is offering discounts for customers who play along. The online retailer has announced that its customers can now use Amazon Coins, available for purchase on its site, to pay for apps, games and in-app items in the Amazon Appstore and on Kindle Fire, adding that it plans to expand the use of the own-currency to other product areas.
Tuesday May 14th, 2013 - 10:09AM
 

Meijer Named HomeWorld's 2013 Retail Champion
Meijer is the 2013 HomeWorld Business Retail Champion. Meijer is featured in the May 13 edition of HomeWorld Business.
Monday May 13th, 2013 - 1:53PM
 
NRF: April Retail Sales Fought Past Headwinds
April retail sales, excluding automobiles, gas stations and restaurants, increased 0.6% seasonally adjusted from last month and 3.9% unadjusted year-over-year, the National Retail Federation announced today. Better employment numbers, increasing housing prices and a record-breaking stock market boosted consumer confidence, according to the organization, factors that also drove total retail and food services sales, which includes automobiles, gasoline stations and restaurants, up 0.1% seasonally adjusted month-to-month and up 3.7% adjusted from last year’s April.
Monday May 13th, 2013 - 12:24PM
 
comScore: E-Commerce Gains But Sequester Slows Momentum
According to market research firm comScore, Inc. retail e-commerce sales generated across the United States in the first quarter grew 13% year-over-year to $50.2 billion, marking the 14th consecutive quarter of positive year-over-year growth and 10th consecutive quarter of double-digit gains. The first frame of this fiscal year was only the second quarterly period to surpass $50 billion in spending, comScore emphasized.
Monday May 13th, 2013 - 10:40AM
 

Ross Stores Finished Q1 Strong
For the 13 weeks ended May 4, 2013, Ross Stores, Inc. comparable store sales rose 3% over those in last year’s first quarter, the company reported. Total sales reached $2.54 billion, up 6% from the prior-year period.
Friday May 10th, 2013 - 12:35PM
 

Dallas Growing Total Housewares & Gourmet Market
Dallas Market Center will feature an array of exhibitors and special events as well as cooking and product demonstrations during the upcoming Total Housewares & Gourmet Market, June 19 to 25. The show also will feature educational opportunities including a presentation by Bob Coviello, president of HTI Buying Group.
Friday May 10th, 2013 - 12:19PM
 

April Kind To TJX Q1 Results
For the 13-week period ended May 4, TJX Cos., Inc. announced that consolidated comparable store sales increased 2% over last year’s period. Overall sales reached $6.2 billion, a 7% increase over the 13-week period ended April 28.
Friday May 10th, 2013 - 11:41AM
 

From CVS Total Home
CVS Targets Total Home Launch At Everyday Customer Needs
With the promise of premium performance, reliability and quality, CVS/pharmacy has launched Total Home, a newly developed home care product line, at stores and through its website, the company has announced. The new Total Home line includes an array of products that support everyday home activities ranging from cleaning to cooking to organizing.
Friday May 10th, 2013 - 10:26AM
 
Balagna Appointed Sears Holdings Information Chief
Sears Holdings announced today that Jeff Balagna will join the company as executive vp and chief information officer. He most recently served as the chief information officer at Eli Lilly.
Thursday May 9th, 2013 - 3:02PM
 

Meijer Set To Open Store 200
On May 16, Meijer will open its 200th store at a location in Swartz Creek, MI, the company’s co-chairman Hank Meijer announced today. The family-owned company opened its first retail operation in 1934 and will mark the 200th store milestone with a ribbon-cutting celebration that will include presentations to the Swartz Creek Food Bank and the Swartz Creek Civic Center enhancement project, the company stated.
Thursday May 9th, 2013 - 2:40PM
 
Masud Named Staples E-Commerce Leader
Staples, Inc. has appointed Faisal Masud executive vp/global e-commerce, effective May 20. In this newly created role, he will lead online and digital growth, the company announced, and will report to Demos Parneros, president of North American stores and online for Staples.
Wednesday May 8th, 2013 - 9:44AM
 

Analyst: Investor Day Demonstrates Pier 1 Growth Priorities
Pier 1 is getting back into the registry business. The company also may invest in a renewed Pier 1 Kids effort, according to an analyst report.
Wednesday May 8th, 2013 - 12:07PM
 

Cartwheel Turns A New Chapter In Target E-Device Discounting
Target is using Facebook to promote a new application, dubbed Cartwheel, that gives consumers a fresh way to receive discounts from the company. According to a posting in Facebook’s Ap Center, Cartwheel is “a whole new spin on saving,” that allows consumers to sign up and instantly choose from hundreds of exclusive discounts from 5% to 30% available on computer or mobile devices.
Wednesday May 8th, 2013 - 10:52AM
 

OfficeMax Plans To Propel Profits As Sales Skid
For the fiscal first quarter ended March 30, OfficeMax, Inc. posted net income available to common shareholders of $56.3 million, or 64 cents per diluted share, compared to net income of $4.9 million, or six cents per diluted share, in the prior-year period. Adjusted net income was $10.1 million, or 11 cents per diluted share, versus $19 million, or 22 cents per diluted share, in the 2012 first quarter.
Tuesday May 7th, 2013 - 1:11PM
 
ICSC: Shopping Centers Bolstering Income, Employment
Retailers, restaurants and bars were the biggest contributors to April’s employment growth in the United States, according to numbers recently released by the U.S. government and by the International Council of Shopping Centers. ICSC also noted that shopping centers are making net income gains.
Tuesday May 7th, 2013 - 12:24PM
 

Stein Mart Posts Better Results, Details E-Commerce Launch
In restating results for 2011 and the first quarter of the latest fiscal year, as the company previously announced it would do, Stein Mart, Inc. posted an increase in net income to $25 million, or 57 cents per diluted share, for 2012 from $19.9 million, or 44 cents per diluted share, in previous annum. The retailer also related plans for its e-commerce launch.
Tuesday May 7th, 2013 - 11:52AM
 

Soft Opening Readies Target's Western Canada Rollout
Target Corp. is taking a step further along the road to full operations in Canada with its announcement that it is beginning a soft opening process at 22 locations in Western Canada and at two more locations in the region starting on May 14. The soft openings will occur in British Columbia, Alberta and Manitoba, and follow the opening of 24 stores across Ontario.
Monday May 6th, 2013 - 12:49PM
 

Rite Aid April Comps Slide, Easter Blamed
For the four weeks ended April 27, Rite Aid Corp. comparable store sales decreased 4% from the prior-year period. April front-end comps slipped 3.5%, hit by an earlier Easter this year compared to last, the company stated.
Monday May 6th, 2013 - 10:50AM
 

Bill Simon, Walmart
Walmart Unveils 'The Real Walmart' Ad Campaign
Today, Walmart announced the launch of a national television and digital advertising campaign, as well as the accompanying website, www.therealwalmart.com, developed to demonstrate how people across the United States count on Walmart to save money on the products they want and need. The campaign also showcases how the company provides substantive career opportunities for its associates, and how it creates efficiencies and works directly with manufacturers to help deliver low prices, the retailer asserted.
Monday May 6th, 2013 - 10:32AM
 

Calendar Shifts Hurt Walgreens April Results
In April, Walgreens generated sales of $5.98 billion, an increase of 3.8% from the same month in fiscal 2012, the retailer announced. Total front-end sales, including general merchandise such as home furnishings and housewares, decreased 2.9% versus the same month in fiscal 2012, while comparable store front-end sales decreased 4.3%.
Friday May 3rd, 2013 - 1:16PM
 
Sears Holdings Talks Internet, Loyalty To Reassure Investors
At its annual shareholders meeting today, Sears Holdings is telling investors it is cutting costs and “unlocking value" by divesting and selling real estate. At the same time, the retailer said it is advancing through its operation of loyalty card and e-commerce programs.
Thursday May 2nd, 2013 - 2:15PM
 
NACCO Reports Ham Beach Gains, Kitchen Collection Losses
NACCO Industries today reported first quarter net income for its Hamilton Beach small appliance division was $1.5 million compared with $1 million in the first quarter of 2012. According to the company, the increase was primarily the result of increased sales of higher-margin products, favorable foreign currency movements and lower interest expense, partially offset by a moderate increase in product costs and higher selling, general and administrative expenses.
Thursday May 2nd, 2013 - 2:04PM
 

CVS Q1 Front End Sales Advance
For the three months ended March 31, CVS Caremark Corp. posted a 23.1% gain in income from continuing operations to $956 million. Adjusted earnings per share were 83 cents versus 65 cents in the first quarter of 2012, an increase of 28.1%.
Thursday May 2nd, 2013 - 1:47PM
 

Former Sports Authority Exec Campisi Named Big Lots CEO
Big Lots, Inc. has announced that it named David Campisi CEO and president effective May 6. He succeeds Steve Fishman, who announced in December 2012 his intention to retire upon the appointment of a successor.
Wednesday May 1st, 2013 - 11:14AM
 

Dollar General Hiring 10,000 In May
To support growth and fill job vacancies, Dollar General has reported that it will hire 10,000 new employees in May across its store and distribution network. The retailer will hold career fairs to recruit candidates throughout the month, it stated, in the 40 states that the network serves.
Wednesday May 1st, 2013 - 10:45AM
 

A Beauty Tools Display In Walgreens New York Flagship Store
Walgreens Launching New Flagship Store In Boston
Tomorrow, Walgreens will conduct the official opening of its newest flagship store, located at School and Washington streets in Boston. The company designed the store to include an extensive collection of innovative offerings, products and services unexpected from a drugstore, among them, a LOOK Boutique department that serves as the core of a beauty operation including expanded assortments of everything from cosmetics to electric tools such as curling irons.
Wednesday May 1st, 2013 - 10:27AM
 
Nielsen: Global Consumer Confidence Gains Unevenly
Consumers around the world are getting a bit more confident about the global economy, according to the Nielsen Global Survey of Consumer Confidence and Spending Intentions. Those in North America have helped with the confidence gain, even if they remain a bit wary of conditions.
Wednesday May 1st, 2013 - 10:00AM
 
Edwards Named Safeway CEO
Safeway Inc. has announced that Robert Edwards, currently the company's president, will succeed Steven Burd as CEO upon his retirement as chairman and chief executive officer on May 14. Edwards also will join Safeway’s board of directors, the company stated.
Tuesday April 30th, 2013 - 9:19AM
 
New IT Office Boosts Kohl's Online Sales Potential
Kohl’s Corp. has announced the opening of a new information technology office in California’s Silicon Valley. The 52,000 square-feet of office in Milpitas, CA, will act as an extension of the IT operation at the company’s Menomonee Falls, WI, corporate office and will initially house more than 30 Kohl’s associates with the potential to accommodate future growth, the retailer noted.
Tuesday April 30th, 2013 - 11:02AM
 

Office Depot Stumbles In Q1
For the fiscal quarter ended March 30, Office Depot, Inc. reported a net loss, after preferred stock dividends, of $17 million, or six cents per share, compared to net earnings, after preferred stock dividends, of $41 million, or 14 cents per diluted share, in the 2012 quarter. Total company sales were $2.7 billion, down 5% versus the 2012 first quarter in both U.S. dollars and in constant currency, the company stated.
Tuesday April 30th, 2013 - 10:54AM
 

Gibson Departs Family Dollar
Family Dollar Stores, Inc. has announced Charles Gibson, executive vp/supply chain, would leave the company to pursue other interests. His effective date of departure was April 30.
Monday April 29th, 2013 - 3:23PM
 
First NY NOW Edition Features New Layout, Industry Seminars
The summer 2013 edition of NY NOW, the Market for Home & Lifestyle, formerly NYIGF, will debut August 17 to 21, with its more than 2,800 exhibitors, 100,000 products and more than 400 product categories showcased in four new market collections: Home, Lifestyle, Handmade and New! NY NOW also will introduce a new exhibit floor layout and extended show hours, according to GLM.
Monday April 29th, 2013 - 12:58PM
 

Safeway Q1 Prepares Ground For Gains
In the first quarter, Safeway Inc. generated net income of $118.9 million, or 49 cents per diluted share, a number that includes tax benefits of 14 cents per diluted share. In the year-earlier period, Safeway posted net income of $72.9 million, or 27 cents per diluted share.
Friday April 26th, 2013 - 1:11PM
 

A Chilewich Placemat Design
MoMA Design Store's Destination: NYC Has Made In USA Focus
On May 15, the MoMA Design Store is launching the 11th event in its Destination: Design series, Destination: NYC. The collection features approximately 200 lifestyle products developed by New York designers including home accessories, furniture, paper goods and jewelry.
Friday April 26th, 2013 - 12:57PM
 

Giada De Laurentiis Lasagna Pans have been recalled by Target.
Target Recalls Giada De Laurentiis Lasagna Pans
Target has voluntarily recalled Giada De Laurentiis Ceramic 9x13 Inch Lasagna Pans, according to the Consumer Product Safety Commission, as the pan can break causing sharp edges and posing a laceration hazard. Consumers should immediately stop using the recalled lasagna pans and return them to any Target store for a full refund. Consumers who purchased the pan as part of the six-piece set should return the lasagna pan only.
Thursday April 25th, 2013 - 3:03PM
 

Supervalu Struggles Continue Despite Store Sell Off
For fiscal 2013, supermarket operator and distributor Supervalu Inc. reported net sales of $17.1 billion and a net loss from continuing operations of $263 million, or $1.24 per diluted share, versus net sales of $17.34 billion and net loss of $110 million, or 52 cents per diluted share, in the year earlier. When adjusted for charges, net loss from continuing operations in fiscal 2013 was $76 million, or 36 cents per diluted share, the company stated.
Thursday April 25th, 2013 - 2:42PM
 

Sam's Club To Hold Three-Day 'Open House'
Sam's Club will hold a three-day spring Open House in more than 600 communities across the United States from Friday, April 26 through Sunday, April 28. During that time, members and non-members can access the retailer’s newest items for spring and summer entertaining.
Wednesday April 24th, 2013 - 9:56AM
 

More Executive Changes At J.C. Penney
J.C. Penney Co. has announced that it has promoted Brynn Evanson to executive vp/human resources. She will head up all human resources functions across stores, supply chain and the home office, including team member relations, recruiting, learning and development, compensation and benefits, and talent operations, the company stated.
Wednesday April 24th, 2013 - 1:30PM
 
Walmart Tops $1 Billion Mark In Charitable Efforts
Walmart and the Walmart Foundation have announced that they have donated more than $1 billion in cash and in-kind contributions over the last fiscal year. This is the first time Walmart, or any U.S. retailer, according to the company, has achieved that level of giving. The growth in global giving was largely due to increased in-kind donations in the U.S. to local food banks and families impacted by disasters.
Tuesday April 23rd, 2013 - 11:41AM
 
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HEADLINES

Kohl's Roughed Up In Q1 But Earnings Beat Street »

Lifetime Brands, Bombay Co. Ink Licensing Deal

Wal-Mart Cites Weather For Chilling Q1 Sales

Macy's Q1 Tops Street On Earnings Despite Headwinds

Five Below Sales, Stores, Shares Expand

Meijer Named HomeWorld's 2013 Retail Champion

Ross Stores Finished Q1 Strong

April Kind To TJX Q1 Results

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Color Is Everywhere In Housewares, But Will It Sell?
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