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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

Target Q3 Net Gains; U.S. Sales Top Company Estimates

Target storefront

MINNEAPOLIS-With sales in its U.S. stores outperforming the company’s expectations, Target’s third-quarter net income moved up 3.2 percent to $352 million. Total net sales in the quarter, which ended on Nov. 1, were up 2.7 percent. Sales in the U.S. stores picked up 1.9 percent, including a better-than-expected same-store sales increase of 1.2 percent (Target’sMore »

Last updated: November 19, 2014

Small Appliances Get Bigger in Ambiente

A scene from the Ambiente fair

FRANKFURT, Germany-Ambiente continues to build its range of small electrical appliances, said show organizer Messe Frankfurt. The show, which takes place here Feb. 13-17, will include more exhibitors from this segment than in the previous year. “We are delighted by the continually growing interest in exhibiting small electrical appliances at the fair. As a result,More »

Last updated: November 19, 2014

Lowe’s Q3 Net Climbs 17.2 Percent

lowe's

MOORESVILLE, N.C.-A gain in sales and a watchful eye on expenses helped Lowe’s to a 17.2 percent increase in third-quarter net income, which totaled $585 million. Net sales in the quarter, which ended on Oct. 31, were $13.7 billion, up 5.6 percent and including a pickup of 5.1 percent in same-store sales. “Our employees’ unwaveringMore »

Last updated: November 19, 2014