Author Archives: David Gill

David Gill

About David Gill

Senior Editor | dgill@hfnmag.com

Powers Tabbed as Home Depot EVP, U.S. Stores

Marc Powers

ATLANTA-The Home Depot (NYSE: HD) has named Marc Powers executive vice president of U.S. stores, succeeding Marvin Ellison, who was named president and CEO-designee of J.C. Penney last week. Powers will assume his new role on Nov. 1, the same date on which Ellison will move to his new post. He will be responsible forMore »

Last updated: October 20, 2014

Family Dollar Shareholder Pushes for Dollar General

H09-FamilyDollar3_R1

NEW YORK-Elliott Advisors, a holder of 4.9 percent of Family Dollar’s (NYSE: FDO) outstanding shares, has opened the door for more consideration of the offer by Dollar General (NYSE: DG) to acquire its dollar-store rival. In a letter to the Family Dollar board signed by Mark Levine, senior portfolio manager for Elliott Advisors, the companyMore »

Last updated: October 20, 2014

Electrolux Net Grows 42 Percent in Q3

Electrolux

STOCKHOLM-Thanks to overall good market conditions throughout the world, Electrolux delivered a 42 percent jump in third-quarter net income, to SEK933 million (about $128.6 million, based on average currency values during the quarter). Net sales in the quarter, which ended on Sept. 30, came in at SEK28.8 billion (about $4 billion), increasing 6 percent. InMore »

Last updated: October 20, 2014

Sleepy’s Opens 1,000th Store

Sleepy’s logo

HICKSVILLE, N.Y.-Sleepy’s has opened its 1,000th store, a location in Joliet, Ill. Founded in 1957 as a one-store operation, the company now numbers more than 1,000 locations in 16 states, from Maine to North Carolina, along with 11 distribution centers throughout the United States. David Acker, Sleepy’s president, said the retailer is proud of achievingMore »

Last updated: October 20, 2014

Personal Care: Groom to Grow

Panasonic

The U.S. personal-care business continues to develop and evolve By David Gill In good and bad economic times, Americans still see the need to look good. This simple fact continues to fuel the market for all electric personal-care products. This market remains strong whether you’re talking about products for hair care or hair removal. ForMore »

Last updated: October 13, 2014

Reports: Amazon to Open First Store in NYC

Amazon

NEW YORK-Amazon.com is set to open its first physical retail location here in Manhattan, at 7 W. 34th St., according to reports from multiple sources, including the Wall Street Journal and the New York Times. Responding to a request for comment from HFN, an Amazon spokesperson said the company has “made no announcements about aMore »

Last updated: October 10, 2014

Family Dollar Net Tumbles for Q4, FY

Family Dollar

MATTHEWS, N.C.-With the drama regarding whether Dollar General or Dollar Tree will wind up owning the company, Family Dollar reported steep declines in its net income for both the fourth quarter and fiscal year ending on Aug. 30. Net income for the quarter plummeted by 66.3 percent to $34.5 million, bringing net income for theMore »

Last updated: October 10, 2014

Therapedic Partners with Tommy Bahama

Therapedic

PRINCETON, N.J.-Therapedic International has signed an exclusive license agreement with Tommy Bahama, the island-inspired lifestyle brand, for a mattress collection that will be unveiled at Las Vegas Market in January. The agreement marks Tommy Bahama’s first venture into mattresses. The brand already appears on home products ranging from bed ensembles to indoor and outdoor furniture,More »

Last updated: October 10, 2014