News

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

hhgregg Q3 Sales Fall; Net Loss Totals $86.9 Million

hhgregg

INDIANAPOLIS-With comparable-store sales down in all of its product categories, hhgregg reported a sales drop of 5.9 percent in its fiscal third quarter, to $665.6 million. The top line included a decrease in same-store sales of 6.3 percent. Because of a one-time, noncash charge of $43 million for impairment to property, plant and equipment, hhgreggMore »

Last updated: January 29, 2015

Clipper Obtains ‘Chopped’ License

Clipper

LOS ANGELES-Clipper Corporation has signed a license agreement with production company Notional to manufacture a collection of “Chopped”-inspired kitchen products that will launch at the International Home & Housewares show in March. The collection will include cookware, bakeware, cutlery and gadgets. “Chopped engages a wide variety of culinary enthusiasts, from professional chefs to avid homeMore »

Last updated: January 29, 2015

Kingsdown Partners with South Korean Mattress Vendor

Print

MEBANE, N.C.-Kingsdown has formed a licensing partnership with Navijam, Inc., a South Korean mattress manufacturer, for the manufacturing and importing of Kingsdown mattress into that nation. Founded in 2011, Navijam will now produce a full suite of Kingsdown family brands and use Kingsdown’s patented BedMatch bedding selection system. This is Kingsdown’s first manufacturing partnership withMore »

Last updated: January 29, 2015

IHA to Host Marketing Webinar for Housewares Show Exhibitors

Basic RGB

CHICAGO-Exhibitors at the upcoming International Home + Housewares Show can learn how to maximize their marketing efforts in a one-hour webinar that will take place next Thursday, Feb. 5, from 1-2 p.m. EST. Hosted by the International Housewares Association’s Perry Reynolds, vice president, global trade development, Debbie Teschke, manager, media relations and communications, and NancyMore »

Last updated: January 29, 2015

Consumer Confidence Index Tops 100, at Highest Level Since 2007

Conference Board

NEW YORK-For the first time in many months, the consumer confidence index reached over the 100 mark, finishing January at 102.9, its highest level since August 2007, according to The Conference Board, which provides the monthly indicator. This month’s index was up 9.8 points from the December reading. Both of the indicator’s component indexes alsoMore »

Last updated: January 28, 2015

IMC Makes Management Changes, Hires Loper-Boyd

Renee Loper-Boyd

HIGH POINT, N.C.–International Market Centers has announced a series of management changes across various departments within the company. Julie Messner has been promoted to senior vice president for furniture leasing–High Point, and Karen Olson has been promoted to senior vice president, marketing. With Karen Olson’s promotion, IMC has hired Renee Loper-Boyd as the company’s newMore »

Last updated: January 28, 2015

Ikea U.S. Sales Gain in Fiscal Year

IKEA

CONSHOHOCKEN, Pa.-Ikea’s U.S. stores posted an increase of 4.24 percent in the fiscal year ending in August 2014, building on pickups of 6.7 percent for fiscal year 2013 and 8 percent in fiscal year 2012. Internationally, Ikea Group’s net income totaled €3.3 billion, or about $4 billion, which was flat with last year. Total salesMore »

Last updated: January 28, 2015