Author Archives: David Gill

David Gill

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Nostalgia Home to Offer Downton Abbey Bedding


NEW YORK-Nostalgia Home Fashions will produce and market a collection of bedding branded as Downton Abbey, based on the PBS/Masterpiece television series, according to a statement from Knockout Licensing, which serves as the series’ licensing agency. The collection will include comforters, comforter sets, duvet covers, duvet cover sets, quilts, quilt sets, bedskirts, pillow shams, coordinatingMore »

Last updated: December 12, 2014

NPD: More Holiday Shopping Taking Place Online

NPD Group

PORT WASHINGTON, N.Y.-Much of the shopping for holiday gifts during this season will occur on online retail portals, according to a survey by CivicScience whose results were released by The NPD Group. The study found that 27 percent of U.S. consumers plan to do as much of their holiday shopping as possible online this year.More »

Last updated: December 12, 2014

Holidays Boost Retail Sales in November

Census Bureau

WASHINGTON-With consumers firmly in holiday shopping mode, U.S. retail sales in November rose 0.7 percent over October and 5.1 percent over November of last year, totaling $449.3 billion, according to this morning’s report from the U.S. Census Bureau. Commenting on the Census Bureau’s numbers, Matthew Shay, president and CEO of the National Retail Federation, saidMore »

Last updated: December 11, 2014

Restoration Hardware Q3 Net More Than Doubles

Restoration Hardware

CORTE MADERA, Calif.-As the company’s top line continued on its growth trajectory, Restoration Hardware (RH) posted a 103.5 percent increase in third-quarter net income, which totaled $19.4 million. Net revenues for the quarter, which ended on Nov. 1, reached $484.7 million, a 22.4 percent gain over the third quarter of last year. As Gary Friedman,More »

Last updated: December 11, 2014

Walmart Tabs McKenna as U.S. COO

Judith McKenna

BENTONVILLE, Ark.-Judith McKenna has been promoted to chief operating officer for Walmart U.S., succeeding Gisel Ruiz, who has been appointed executive vice president of Walmart’s International People Division. McKenna, previously chief development officer for Walmart U.S., continues to report to Greg Foran, Walmart U.S. president and CEO. She has been with the retailer for almostMore »

Last updated: December 10, 2014

Keurig, Caribou Renew Partnership Agreement


WATERBURY, Vt.-Keurig Green Mountain and Caribou Coffee have extended their partnership with a new 10-year agreement for the manufacturing, marketing, distribution and sale of Caribou Coffee in Keurig pack formats for Keurig’s consumer and commercial hot-brewing systems. The partnership began in January 2007. With the new agreement, the two companies have extended and broadened theirMore »

Last updated: December 15, 2014

iRobot Debuts Robot Platform for STEM

iRobot Posts Loss in Q4; Net Falls 57 Percent for Year

BEDFORD, Mass.-iRobot has launched an update to its Science, Technology, Engineering and Math (STEM) educational outreach program which includes the debut of Create 2, a pre-assembled robot platform based on the company’s Roomba vacuum robot. The new platform is designed to give educators, students and developers first-hand robotic programming experience, according to an iRobot statement.More »

Last updated: December 11, 2014

Double-Digit Net Gain for Costco’s Q1


ISSAQUAH, Wash.-Costco began its fiscal year with a healthy 16.7 percent gain in first-quarter net income, which totaled $496 million. Net sales in the quarter, which ended on Nov. 23, reached $26.3 billion, up 7.4 percent. Included in the top line was a total-company same-store sales increase of 5 percent, which included the effects ofMore »

Last updated: December 10, 2014