SEATTLE-In what one financial analyst, Matt Nemer of Wells Fargo Securities, described as an “ugly quarter,” Amazon.com (NASDAQ: AMZN) saw its third-quarter net loss explode from $41 million last year to $437 million for the period ending on Sept. 30. The results, which were announced after the close of the NASDAQ market yesterday, sent Amazon’s … More »
HOFFMAN ESTATES, Ill.-A Sears Holdings spokesman said a news report detailing a number of closings of Sears, Kmart and Sears Auto Center locations is inaccurate. The story, which appeared on the stock-market website Seeking Alpha, said Sears would close 116 stores under all three nameplates, with layoffs of more than 6,000 workers. Responding to a … More »
HIGH POINT, N.C.– High Point Market saw a refocus on the high-end market, as some vendors said their higher-priced debuts were some of the highlights at the show, which ended yesterday. As long as those items were unique, one of a kind or aspirational, some buyers did not hesitate with high-end products, exhibitors said. At … More »
ATLANTA-Declining margins and rising costs, offsetting a major gain in revenues, drove a 56 percent drop in Aaron’s (NYSE: AAN) third-quarter net income, to $9.3 million. Operating expenses in the quarter, which ended on Sept. 30, jumped 28.7 percent in dollars, although as a percentage of revenues expenses were down 109 basis points to 47.3 … More »
BRISTOL, Penn.-Dennis Marton has been named senior vice president, marketing for all Lenox and Gorham brands. Marton succeeds Lou Scala, who left the company to join Nambe. Marton, who reports to Lenox president Lester Gribetz, previously served as vice president of sales.
WHITE PLAINS, N.Y.-The upcoming winter edition of NY Now will take place entirely in the Jacob K. Javits Convention Center in New York City, with the NY Now New! collection and Artisan Resource moving from Passenger Ship Terminal Pier 94 to the Javits Center. Along with moving these sections to the Javits Center, Emerald Expositions, … More »
NEW YORK-Tabletop company Euro Ceramica has signed a license agreement with Turner Classic Movies to bring a little bit of classic Hollywood magic to the table. The TCM tabletop collection will include everything from dishes and flatware to a full range of table linens and tabletop accessories. Each line will be inspired by a classic … More »
ATLANTA-Jamie Coward has joined Urban Expositions in the newly created position of sales manager for the California Gift Show. In her new role, Coward is assisting in the overall sales efforts for the semi-annual show, which takes place at the Los Angeles Convention Center. She will put a particular focus on the show’s Makers Market … More »