Author Archives: David Gill

David Gill

About David Gill

Senior Editor | dgill@hfnmag.com

J.C. Penney to Intensify Promotions in Home

Liz Sweney

NEW YORK-Having restored promotions with its relaunch of its home business in March, J.C. Penney will ramp up promotions in home going forward, company executives said at yesterday’s meeting with financial analysts. Restoring and accelerating promotions are major parts of the retailer’s effort to realize the opportunity to increase home-department sales by $750 million overMore »

Last updated: October 9, 2014

ICSC: Holiday Sales to Rise 4 Percent

Holiday Shoppers Out in Force This Past Weekend

NEW YORK-In a forecast similar to one released by the National Retail Federation on Tuesday, the International Council of Shopping Centers (ICSC) said it expects U.S. retail sales during the November-December shopping period to increase by 4 percent. If achieved, this increase would be the strongest gain in three years, ICSC said. The council estimatedMore »

Last updated: October 9, 2014

Reverie to Open High Point Showroom

Reverie

BLOOMFIELD HILLS, Mich.-Reverie, the adjustable bed manufacturer, will open its first permanent High Point showroom during the upcoming market, Oct. 18-23. Located in room D-1110 of the International Home Furnishings Center, the showroom measures 2,000 square feet. It will have a similar look and feel to the company’s show space in Las Vegas, and willMore »

Last updated: October 9, 2014

Keurig to Offer W.B. Mason’s Shazam Coffee

Keurig Green Mountain

WATERBURY, Vt.-In the latest of a series of agreements expanding its K-Cup brand offerings, Keurig Green Mountain has formed a multiyear partnership with office-products dealer W.B. Mason for a line of K-Cup packs with W.B. Mason’s Shazam coffee. The Shazam line will be the first addition to the Keurig brand family from an authorized KeurigMore »

Last updated: October 9, 2014

Capresso Debuts CoffeeTeam Pro Therm

The CoffeeTeam Pro Therm

CLOSTER, N.J.-Capresso has introduced the CoffeeTeam Pro Therm, which it describes as the first thermal bean-to-carafe coffeemaker with a removable bean container, removable burrs and a patent-pending dispenser that improves the flow of ground coffee into the filter. The CoffeeTeam Pro Therm comes with a stainless steel exterior and has a capacity for 10 cups.More »

Last updated: October 9, 2014

Sears Shares Fall on Reports of Vendor Halting Shipments

Sears-Holding-Corp_sign

NEW YORK-The share price of Sears Holdings stock fell by double digits on wire-service reports that a vendor had stopped shipping the retail company. Reports from Business Insider, Bloomberg, CNBC and MarketWatch said an unnamed vendor had decided to halt its shipments to Sears after insurance firms that provide credit insurance to vendors had decidedMore »

Last updated: October 8, 2014

Costco Q4 Net Climbs 13 Percent

Costco

ISSAQUAH, Wash.-A healthy sales gain propelled Costco to a 13 percent increase in fourth-quarter net income, which totaled $697 million. For the fiscal year ending on Aug. 31, net income was $2.1 billion, up 0.9 percent over last year’s bottom line Net sales in the quarter rose 9.4 percent to $34.8 billion, which included aMore »

Last updated: October 8, 2014

Conn’s Exploring Possible Sale

Conn's

THE WOODLANDS, Texas-Specialty retailer Conn’s said it is exploring a potential sale of the business as part of a range of strategic alternatives. Other possibilities which are being examined by the retailer’s management include separating its retail and credit businesses or slowing the rate of store openings. Conn’s has taken on BofA Merrill Lynch asMore »

Last updated: October 8, 2014