Author Archives: David Gill

David Gill

About David Gill

Senior Editor | dgill@hfnmag.com

Zuo to Debut New High Point Showroom for 10th Anniversary

Zuo Modern

UNION CITY, Calif.-Zuo Modern Contemporary will mark its 10th anniversary with the opening of its new showroom at the fall 2014 High Point Market. The new space has two entrances, from the International Home Furnishings Center D502 and the IHFC Green Wing G578. It measures 16,000 square feet, double the size of Zuo’s previous spacesMore »

Last updated: September 26, 2014

CEO Campbell to Leave Sears Canada

Douglas Campbell

TORONTO-Douglas Campbell, Sears Canada’s president and CEO, said he will leave the retailer by the end of this calendar year. Campbell told the company that he is leaving to return to the United States, “to tend to personal family issues,” according to a company statement. Sears Canada’s board will begin to search for his successorMore »

Last updated: September 30, 2014

Bed Bath Stock Spikes

Bed Bath & Beyond

NEW YORK-Bed Bath & Beyond enjoyed a healthy gain in its stock price in yesterday’s trading on the NASDAQ market. The increase came on the heels of Bed Bath’s second quarter report, which revealed that its second-quarter net income fell by 10.2 percent. In overnight trading, the retailer’s stock price rose from its Sept. 23More »

Last updated: September 25, 2014

Newell Rubbermaid to Open Global E-commerce Hub in NYC

Newell Rubbermaid

ATLANTA-Newell Rubbermaid said it will create a global e-commerce office in New York City by the end of the first fiscal quarter of 2015. According to a company statement, the office is intended to expand Newell Rubbermaid’s e-commerce business and accelerate the company’s online revenue growth throughout the world. Mark Tarchetti, the company’s chief developmentMore »

Last updated: September 25, 2014

Bed Bath Q2 Net Dives 10.2 Percent

Bed Bath & Beyond Net Edges Up 1.8 Percent in Sluggish Q3

UNION, N.J.-Second-quarter net income for Bed Bath & Beyond dropped 10.2 percent to $224 million, as increased costs trumped a modest sales gain. In a conference call yesterday to financial analysts about the quarter, which ended on Aug. 30, Steven Temares, Bed Bath’s CEO, said a major portion of these added expenses involved technology, asMore »

Last updated: September 24, 2014

Deloitte: Holiday Sales Heading Up

Deloitte: Warehouse Clubs Will Top Other Channels in Consumer-Products Sales Growth

NEW YORK-A modest gain in retail sales for the coming holidays is in the offing, according to a forecast from Deloitte, the retail consulting firm. The company said holiday sales should rise by from 4 to 4.5 percent over last year’s holidays, reaching between $981 billion and $986 billion. Deloitte’s measure encompasses retail sales forMore »

Last updated: September 24, 2014

Wayfair IPO Could Garner Up to $308 Million

Wayfair.com

BOSTON-Wayfair’s initial public offering could bring in up to $308 million in proceeds, according to a filing by the Internet retailer with the U.S. Securities and Exchange Commission. The offering involves 11 million shares, with an estimated price of between $25 and $28 a share, the filing said. According to press reports (unconfirmed by WayfairMore »

Last updated: September 23, 2014

Blog: Levine’s Dilemma

Howard Levine

Howard Levine, chairman and CEO of Family Dollar, apparently had a choice to make last week. Under Family Dollar’s agreement to be acquired by Dollar Tree, Levine would stay on as head of Family Dollar, reporting to Dollar Tree’s CEO, Bob Sasser. If Dollar General won the bidding for its dollar-store rival, Rick Dreiling, itsMore »

Last updated: August 26, 2014