News

Walmart Realigns U.S. Merchandising

Greg Foran

BENTONVILLE, Ark.-In the wake of the departure of Duncan Mac Naughton, former Walmart U.S. chief merchandising officer, Walmart U.S. is revamping its merchandising organization, according to a memo obtained by HFN. In the memo, Greg Foran, Walmart U.S.’ president and CEO, said, “Duncan’s departure has allowed me to relook at our merchandising structure and theMore »

Last updated: November 26, 2014

Perez Becomes CEO of Alpha Dominche

Thomas Perez

SALT LAKE CITY-Alpha Dominche, a maker of specialty coffee machines, has named former Bodum executive Thomas Perez as its CEO. Perez has succeeded Khristian Bombeck, who has left the company to pursue other ventures. Perez served as president of Bodum’s North and South America operations for seven years before leaving the company earlier this year.More »

Last updated: November 26, 2014

Consumer Confidence Falls in November

Conference Board

NEW YORK-A more pessimistic view of the economy down the road was responsible for shaving 5.4 points off the monthly consumer confidence index, according to The Conference Board, which provides the monthly indicator. The index now stands at 88.7, down from 94.1 in October. Looking at the two component indexes, the expectation index took aMore »

Last updated: November 26, 2014

Urban Expositions to Acquire Halloween Show

UrbanExpositions

KENNESAW, Ga.-Urban Expositions and the Halloween Industry Association will acquire the Halloween & Party Expo from its current owners, H&P Expo. The upcoming event, scheduled for Feb. 6-9, 2015 in New Orleans, will be operated by H&P Expo. Urban Expositions and HIA will take over the event immediately following the 2015 edition, Urban Expositions said.More »

Last updated: November 26, 2014

Reports: Chief Merchant Mac Naughton to Leave Walmart

Duncan Mac Naughton

BENTONVILLE, Ark.-Duncan Mac Naughton, Walmart U.S.’ chief merchandising officer, is leaving the company, according to reports from the Wall Street Journal and Reuters. The retailer had not replied to a request for comment by HFN as of this morning. Mac Naughton joined Walmart in 2009 as chief merchandising officer for Walmart Canada. In 2010, heMore »

Last updated: November 25, 2014

Barclays: Good Outlook for Holiday Spending

BARCLAYS CAPITAL

NEW YORK-All of the signs for a stronger holiday shopping season than last year are in place, according to retail analysts with Barclays Capital. In a meeting yesterday with reporters, the analysts provided their takes on the factors that will play into holiday shopping traffic this year. Research material provided at the meeting showed thatMore »

Last updated: November 25, 2014

Nicholas McKay, Lint Roller Inventor, Dies

Nicholas McKay

MARLBOROUGH, Mass.-Nicholas D. McKay Sr., who invented the lint roller, died on Nov. 15 at the age of 93. According to a statement from Butler Home Products, which acquired McKay’s company, The oneCARE Co., McKay invented the lint roller in 1956 and founded HelMac Products Corp. in Flint, Mich. (The company’s name came by combiningMore »

Last updated: November 25, 2014

Las Vegas Market Adds Tenants for C5 Launch

Las Vegas Market

LAS VEGAS–Las Vegas Market announced today that four leading suppliers—Auskin, Chive, Pheromone and Woven Workz—are the latest to confirm their participation in the Winter 2015 debut of C5, the Market’s newest resource for high-end home decor, home textiles and accessories. Launching six months earlier than originally scheduled, the premiere of a transformed C5 will debutMore »

Last updated: November 25, 2014