News

Alco Stores Closes its Doors

Alco

COPPELL, Texas-Midwest discount retailer Alco Stores is going out of business after 113 years of serving consumers in smaller communities with limited access to other regional or national retail chains. The U.S. Bankruptcy Court in Dallas approved an order yesterday authorizing Tiger Capital Group, SB Capital Group and Great American Group to conduct going-out-of-business salesMore »

Last updated: November 21, 2014

Chilewich Opens First Retail Store

CHILEWICH

NEW YORK-Renown textiles brand Chilewich has opened its first retail store, here in the Flatiron District. Located at 23 East 20th Street, the 820-square-foot spot showcases most of its flooring and table linen line in a simple and modular fashion. “There’s no store in the universe with this product assortment,” Founder and Creative Director SandyMore »

Last updated: November 21, 2014

Williams-Sonoma Collaborates with Tyler Florence, Ina Garten

Tyler Florence

SAN FRANCISCO-Williams-Sonoma is working with chefs Tyler Florence and Ina Garten on exclusive programs and events that will be employed across the retailer’s many platforms. Williams-Sonoma and The Florence Group together will identify emerging culinary trends and bring customers “new concepts and products” sold exclusively through Williams-Sonoma stores and Tyler Florence Test Kitchen, which isMore »

Last updated: November 21, 2014

Clipper Adds Ledbetter, Wenz to Sales Team

Clipper

LOS ANGELES–Clipper Corporation, a global distributor and supplier for the food service and consumer products industry, has appointed Jason Ledbetter and David Wenz as sales directors for the consumer packaged goods division. The two will manage the Viking Culinary line, including handling brand distribution, increasing revenue growth and working with specialty retailers. The line debutedMore »

Last updated: November 21, 2014

Ross Stores Q3 Net Rises 12.3 Percent

Ross Stores

DUBLIN, Calif.-Thanks to strong sales and margins, Ross Stores recorded a 12.2 percent gain in third-quarter net income, which finished at $192.7 million. Net sales in the quarter, which ended on Nov. 2, totaled $2.6 billion, up 8.4 percent and including a pickup of 4 percent in same-store sales. Barbara Rentler, Ross’ CEO, said bothMore »

Last updated: November 21, 2014

Bon-Ton’s Loss Mounts in Q3

Bon-Ton

YORK, Pa.-Declining sales and rising costs led The Bon-Ton Stores to a net loss of $11 million in its third quarter, compared to a net loss of $931,000 in the third quarter of last year. Net sales in the quarter, which ended on Nov. 1, totaled $642.7 million, down 1.3 percent and including a dropoffMore »

Last updated: November 21, 2014

Michaels Q3 Net Jumps 36.2 Percent

Michaels

IRVING, Texas-Reduced expenses and a slight uptick in sales helped Michaels to a 36.2 percent increase in third-quarter net income, to $64 million. Selling, general and administrative expenses were trimmed by 1.6 percent in dollars and 74 basis points as a percentage of sales to 26.9 percent. In addition, Michaels managed to slash 33.9 percentMore »

Last updated: November 21, 2014

High Point Releases the Market Style Report for Fall/Winter 2014

High Point Market

HIGH POINT, N.C.-The High Point Market Authority has released its Market Style Report for Fall/Winter 2014. This 28-page report was developed by six home fashion trendsetters, all part of the market’s 2014 Style Spotters team, which scoured the High Point Market for the hottest items and then translated their picks into today’s top trends forMore »

Last updated: November 21, 2014