News

Target Launches Holiday Initiatives

Target

MINNEAPOLIS-Target has debuted a number of efforts for the holiday shopping season, which include exclusive gift items in a number of product categories, home being one of them. For shoppers, the retailer has introduced new and enhanced digital tools along with free shipping for all orders on target.com through Dec. 20. In addition, more thanMore »

Last updated: October 23, 2014

Select Comfort Q3 Net Rises 16.3 Percent

Select Comfort

MINNEAPOLIS-With sales on the upswing, Select Comfort (NASDAQ: SCSS) reported a 16.3 percent gain in third-quarter net income, which totaled $23.6 million. Net sales increased by 22.6 percent to $323.4 million in the quarter, which ended on Sept. 27. In a conference call to financial analysts yesterday, Shelly Ibach, Select Comfort’s president and CEO, attributedMore »

Last updated: October 23, 2014

Newell Completes bubba Acquisition

Newell Rubbermaid

ATLANTA-Newell Rubbermaid (NYSE: NWL) has closed its acquisition of bubba brands, the drinkware manufacturer that had been owned by In Zone Holdings. The purchase price was $83 million. bubba brands is expected to deliver more than $50 million in net sales this year. Michael Polk, Newell’s president and CEO, said, “We look forward to leveragingMore »

Last updated: October 23, 2014

Leggett & Platt Q3 Net Drops 32.4 Percent

Leggett & Platt

CARTHAGE, Mo.-A significant spike in expenses led Leggett & Platt (NYSE: LE) to a downturn of 32.4 percent in its third-quarter net income, which totaled $48.2 million. Selling, general and administrative expenses jumped 53.9 percent in dollars and 344 basis points as a percentage of sales, to 13.2 percent. The rise in costs occurred partlyMore »

Last updated: October 23, 2014

High Point Market Authority Recognizes Outgoing Board Members

High Point Market

HIGH POINT, N.C.–At its annual board meeting yesterday, the High Point Market Authority recognized the service of several outgoing board members. Completing their board term at the end of 2014 are: Jena Hall, president, Jena Hall Designs, Ltd. Tom Mitchell, president, Home Furnishings Leasing, International Market Centers Joe Mussallem, president, Man Wah USA Kevin O’Connor,More »

Last updated: October 23, 2014

Jarden Q3 Net Balloons as Sales Climb

Jarden

MIAMI-With sales making a double-digit gain, Jarden reported a 14.4 percent increase in third-quarter net income, which totaled $108.6 million. Net sales in the quarter, which ended on Sept. 30, rose 19 percent to $2.1 billion. All of Jarden’s segments contributed to this increase, according to Martin Franklin, the company’s executive chairman, “reflecting the strengthMore »

Last updated: October 23, 2014

Housewares Show Almost Sold Out

IHA_logo_bw

ROSEMONT, Ill.-The International Home + Housewares Show is more than 90 percent sold out, with less than five months to go before its opening day, according to the International Housewares Association, the show’s owner and operator. The show will host more than 2,100 exhibitors from throughout the world, including 400 new companies, IHA said. “WeMore »

Last updated: October 23, 2014

Blog: News from the New York Tabletop Show

Noritake

The New York Tabletop Show is in full swing. Lifetime Brands is introducing a wide array of new dinnerware, glassware and flatware, most of which is contemporary and casual, in muted neutrals, pale pastels and the color combination of the moment, indigo and white. Lifetime also introduced Towle dinnerware, designed to coordinate with existing popularMore »

Last updated: October 22, 2014