Author Archives: David Gill

David Gill

About David Gill

Senior Editor | dgill@hfnmag.com

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

KMG_FINAL_LOGOS

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

Costco

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

Hooker: Casegoods Bolsters Bottom Line

Hooker Furniture

MARTINSVILLE, Va.-Hooker Furniture posted a gain of 51.4 percent in its fiscal third-quarter net income, which totaled $3.2 million. Net sales in the quarter, which ended on Nov. 2, reached $63.2 million, up 6.8 percent. The increase was fueled by higher average selling prices, which offset a relatively flat unit volume performance. Casegoods turned inMore »

Last updated: December 10, 2014

Hudson’s Bay Slashes Q3 Loss

Hudson's Bay

TORONTO-As its integration of Saks continues, Hudson’s Bay Co. reported a third-quarter net loss of C$13 million (U.S.$11.6 million), compared to a net loss of C$126 million (U.S.$114.2 million) for the third quarter of last year. Bolstered by the acquisition of Saks, net sales in the quarter, which ended on Nov. 1, jumped 94.4 percentMore »

Last updated: December 9, 2014

Burlington Stores’ Loss Grows in Q3

Burlington Stores

FLORENCE, N.J.-Climbing expenses and a loss on the extinguishment of debt drove Burlington Stores to a net loss of $34.2 million in its fiscal third quarter, compared to a net loss of $16.9 million in the third quarter of 2013. The retailer posted a loss of $70.3 million on the extinguishment of debt in theMore »

Last updated: December 9, 2014