News

E-commerce Fuels Williams-Sonoma in Q3

Williams-Sonoma

SAN FRANCISCO-Thanks in part to a double-digit gain in e-commerce sales, Williams-Sonoma’s third quarter ending on Nov. 2 produced an increase of 14.4 percent in net income, which totaled $64.9 million. Net revenues from the e-commerce sector jumped 14.7 percent, helping Williams-Sonoma’s overall net revenues to an 8.7 percent pickup, to $1.1 billion. Laura Alber,More »

Last updated: November 20, 2014

Forty One Madison Expects Strong Gift Showing

Forty One Madison

NEW YORK-More than 40 brands with permanent showrooms at Forty One Madison will meet with leading gift retailers and buyers Jan. 31 through Feb. 4 when the NY Now gift market is held. Mottahedeh, whose doors will be open during that period, will create a special display in the lobby. Forty One Madison will helpMore »

Last updated: November 20, 2014

Best Buy Net Nearly Doubles in Q3

Best Buy Posts Q1 Loss

MINNEAPOLIS-Reduced expenses and a slight gain in sales bolstered Best Buy’s third-quarter net income to the tune of 98.1 percent, to $107 million. Selling, general and administrative expenses were slimmed by 5.3 percent in dollars and 120 basis points as a percentage of sales, to 20.6 percent. Net sales in the quarter, which ended onMore »

Last updated: November 20, 2014

Dollar Tree Q3 Net Rises 6.1 Percent

Dollar Tree

CHESAPEAKE, Va.-As the drama continues surrounding the acquisition of Family Dollar by either Dollar General or Dollar Tree, the latter reported a gain of 6.1 percent in its third-quarter net income, which came to $133 million. Net sales in the quarter, which ended on Nov. 1, reached $2.1 billion, up 11.2 percent from last year’sMore »

Last updated: November 20, 2014

Libbey to Distribute Reed & Barton Flatware in Foodservice

Reed & Barton

TOLEDO, Ohio-Libbey Glass Inc. will be the licensed distributor of Reed & Barton flatware products to the foodservice industries in the United States, Canada and their territories, effective Jan. 1. “We are extremely pleased that Reed & Barton will be joining the Libbey family,” said Rob A. Bules, vice president, U.S. and Canadian foodservice salesMore »

Last updated: November 20, 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 20, 2014

Keurig Posts Strong Net Gains for Q4, FY

Keurig Green Mountain

WATERBURY, Vt.-Closing what Brian Kelley, its president and CEO, described as “an exciting year,” Keurig Green Mountain reported fourth-quarter net income of $141.1 million, up 11.1 percent. This brought net income for the fiscal year ending on Sept. 27 to $596.5 million, an increase of 23.4 percent. Kelley said Keurig executed successfully on its strategicMore »

Last updated: November 20, 2014

Spectrum Brands’ Housewares Post Q3, FY Net Gains

Spectrum Brands

MIDDLETON, Wis.-The Global Batteries & Appliances division of Spectrum Brands—which includes the Remington personal-care line and Russell Hobbs small electrics—reported net income of $66 million in Spectrum’s fourth quarter, up 18.3 percent over the fourth quarter of last year. This brought the division’s net income to $256.6 million, up 8 percent, for the fiscal yearMore »

Last updated: November 20, 2014