News

Consumer Confidence Rises; Holiday Shoppers Likely to Spend More

Conference Board

NEW YORK-Two studies point to a healthy holiday shopping season this year. The consumer confidence index, which had fallen in September, rebounded by rising 5.5 points to 94.5 in October, according to The Conference Board, which compiles the monthly indicator. Also, a survey by Deloitte found that shoppers are optimistic about the U.S. economy andMore »

Last updated: October 29, 2014

Ikea Picks New Head of Canada Operation

IKEA

BURLINGTON, Ontario-Stefan Sjöstrand has been named president of Ikea’s Canadian organization. Sjöstrand is a company veteran, having been with the home furnishings retailer for the last eight years. Most recently, he served as senior vice president of Ikea France. He began his new role leading the Canadian operation in September. Sjöstrand began his career withMore »

Last updated: October 29, 2014

SodaStream Q3 Net Plummets on Weak Sales

SodaStream

AIRPORT CITY, Israel-With many of its global markets under pressure, SodaStream reported a 42.3 percent fall in third-quarter net income, to $9.5 million. Net sales in the quarter, which ended on Sept. 30, slid by 12.9 percent to $125.9 million. The most pronounced sales decreases on a regional basis occurred in the Americas, where salesMore »

Last updated: October 29, 2014

NY Now Registration Opens

NY Now

WHITE PLAINS, N.Y.-Registration for the winter edition of NY Now is open as of today. The show will take place at the Jacob K. Javits Convention Center from Jan. 31-Feb. 4. Qualified members of the trade can register online, at nynow.com, at no cost, according to Emerald Expositions, which owns and manages the show. TheMore »

Last updated: October 29, 2014

Macy’s First Store Outside U.S. to Open in Abu Dhabi

Print

CINCINNATI-Macy’s will open its first location outside of the United States in Abu Dhabi in 2018, as part of a strategic partnership with Al Tayer Group, a company based in the United Arab Emirates with diversified businesses. Also as part of this partnership, Bloomingdales’s will open its second international store location in Abu Dhabi inMore »

Last updated: October 28, 2014

Lowe’s to Open First Manhattan Stores

lowe's

MOORESVILLE, N.C.-Lowe’s will open its first two stores in Manhattan in the second half of next year. The stores will be located at 2008 Broadway, on the corner of West 68th Street; and 635 Sixth Avenue, at the corner of West 19th Street. Each store will measure about 30,000 square feet and will “offer productsMore »

Last updated: October 28, 2014

Retired Bradshaw Vice President Passes Away

Steve Ross

RANCHO CUCAMONGA, Calif.–Steve Ross, who served as senior vice president of sales at Bradshaw International until his retirement one year ago, passed away Oct. 18 after a two-month illness. Born in 1946, Ross first joined the Bradshaw Companies 40 years ago after a short stint as a high school teacher in Chicago. He began asMore »

Last updated: October 28, 2014