News

Amazon Goes from Profit to Loss in FY

Amazon

SEATTLE-In spite of a net sales gain of 19.5 percent to $89 billion, Amazon.com posted a net loss of $241 million for its fiscal year ending on Dec. 31, as opposed to net income of $274 million for the prior fiscal year. Increased operating expenses offset the sales increase for the year. In dollars, operatingMore »

Last updated: January 30, 2015

PBteen Partners with Kelly Slater on Home Line

Bed ensemble from the Kelly Slater collection

SAN FRANCISCO-William-Sonoma’s PBteen brand has begun an exclusive collaboration with Kelly Slater, an 11-time world surfing champion, for a collection of home furnishings. The product categories will include furniture, bedding, lighting, wall art and decorative accessories, all designed for the tween and teen markets. All of the products will be made of sustainable materials andMore »

Last updated: January 30, 2015

Tuesday Morning Profit Jumps in Q2

TuesdayMorning_2014

DALLAS-With sales and margins heading up and costs relatively in check, Tuesday Morning reported a 33.9 percent increase in second-quarter net income, which totaled $23.7 million. Net sales in the quarter, which ended on Dec. 31, finished at $301.4 million, up 5.5 percent and including a 7.6 percent gain in same-store sales. Gross margin gainedMore »

Last updated: January 30, 2015

NY Now Names Tabletop, Housewares Award Winners

Savora Berry Colander

NEW YORK-Five NY Now exhibitors have won Tabletop + Gourmet Housewares Best New Product Awards, with Sagaform’s Mini Greenhouse Planter recognized as Best of Market. Winners and finalists in each category were selected by a panel of editors based on innovative design, creative use of materials/construction and use of new materials/technology. In the cookware category,More »

Last updated: January 30, 2015

Creative Bath Tabs Lu Cushing Associates

CreativeBath

CENTRAL ISLIP, N.Y.-Creative Bath Products has named Lu Cushing Associates as its sales representative firm for the southeast region of the United States. As part of the arrangement, the manufacturer will occupy 1,000 square feet of Lu Cushing’s new showroom in AmericasMart in Atlanta—a space that in total encompasses about 3,000 square feet. That sectionMore »

Last updated: January 30, 2015

StoreBound to Offer PancakeBot Food Printer

StoreBound’s PancakeBot

NEW YORK-StoreBound said it is planning to launch the PancakeBot, which it describes as the world’s first sub-$200 food printer, at the International Home + Housewares Show in March. PancakeBot is a three-dimensional food printer that can “print” pancakes by automatically dispensing batter onto a griddle, in a shape of the user’s choosing. It isMore »

Last updated: January 30, 2015

Sears Cuts HQ, Corporate Support Staff

Sears Holdings

HOFFMAN ESTATES, Ill.-Sears Holdings has eliminated more than 100 positions from its headquarters and other corporate-support locations, according to a statement from the company. The statement, emailed to HFN from Howard Riefs, director of corporate communications, said the retail holding company, parent of Sears and Kmart, has done away with about 100 positions at itsMore »

Last updated: January 29, 2015

Baker, Head of Ross’ dd’s Discounts, Departs

Ross Stores

DUBLIN, Calif.-Doug Baker, president and chief merchandising officer of Ross Stores’s dd’s Discounts unit, is leaving the company. Neither a Ross statement nor a filing with the U.S. Securities and Exchange Commission gave a reason for Baker’s departure. The statement said the senior merchandising executives at dd’s Discounts will report to Michael Balmuth, executive chairmanMore »

Last updated: January 29, 2015