Author Archives: David Gill

David Gill

About David Gill

Senior Editor | dgill@hfnmag.com

Amazon Q3 Loss Skies; Stock Dives in After-Hours Trading

Amazon

SEATTLE-In what one financial analyst, Matt Nemer of Wells Fargo Securities, described as an “ugly quarter,” Amazon.com (NASDAQ: AMZN) saw its third-quarter net loss explode from $41 million last year to $437 million for the period ending on Sept. 30. The results, which were announced after the close of the NASDAQ market yesterday, sent Amazon’sMore »

Last updated: October 24, 2014

Sears Refutes Store-Closings Report

Sears Holdings

HOFFMAN ESTATES, Ill.-A Sears Holdings spokesman said a news report detailing a number of closings of Sears, Kmart and Sears Auto Center locations is inaccurate. The story, which appeared on the stock-market website Seeking Alpha, said Sears would close 116 stores under all three nameplates, with layoffs of more than 6,000 workers. Responding to aMore »

Last updated: October 24, 2014

Aaron’s Net Falls 56 Percent in Q3

Aaron's

ATLANTA-Declining margins and rising costs, offsetting a major gain in revenues, drove a 56 percent drop in Aaron’s (NYSE: AAN) third-quarter net income, to $9.3 million. Operating expenses in the quarter, which ended on Sept. 30, jumped 28.7 percent in dollars, although as a percentage of revenues expenses were down 109 basis points to 47.3More »

Last updated: October 24, 2014

Winter NY Now to Locate Entirely in Javits Center

NY Now

WHITE PLAINS, N.Y.-The upcoming winter edition of NY Now will take place entirely in the Jacob K. Javits Convention Center in New York City, with the NY Now New! collection and Artisan Resource moving from Passenger Ship Terminal Pier 94 to the Javits Center. Along with moving these sections to the Javits Center, Emerald Expositions,More »

Last updated: October 24, 2014

Urban Expositions Tabs Coward for California Gift Show Sales

Jamie Coward

ATLANTA-Jamie Coward has joined Urban Expositions in the newly created position of sales manager for the California Gift Show. In her new role, Coward is assisting in the overall sales efforts for the semi-annual show, which takes place at the Los Angeles Convention Center. She will put a particular focus on the show’s Makers MarketMore »

Last updated: October 24, 2014

Target Launches Holiday Initiatives

Target

MINNEAPOLIS-Target has debuted a number of efforts for the holiday shopping season, which include exclusive gift items in a number of product categories, home being one of them. For shoppers, the retailer has introduced new and enhanced digital tools along with free shipping for all orders on target.com through Dec. 20. In addition, more thanMore »

Last updated: October 23, 2014

Select Comfort Q3 Net Rises 16.3 Percent

Select Comfort

MINNEAPOLIS-With sales on the upswing, Select Comfort (NASDAQ: SCSS) reported a 16.3 percent gain in third-quarter net income, which totaled $23.6 million. Net sales increased by 22.6 percent to $323.4 million in the quarter, which ended on Sept. 27. In a conference call to financial analysts yesterday, Shelly Ibach, Select Comfort’s president and CEO, attributedMore »

Last updated: October 23, 2014

Newell Completes bubba Acquisition

Newell Rubbermaid

ATLANTA-Newell Rubbermaid (NYSE: NWL) has closed its acquisition of bubba brands, the drinkware manufacturer that had been owned by In Zone Holdings. The purchase price was $83 million. bubba brands is expected to deliver more than $50 million in net sales this year. Michael Polk, Newell’s president and CEO, said, “We look forward to leveragingMore »

Last updated: October 23, 2014