News

Students Suggest Ways for Lalique to Grow

Lalique CEO Maz Zouhairi, center, with LED scholarship winners

NEW YORK-Design and business students from Columbia and Parsons have proposed ways that Lalique can expand into home interiors, as part of a collaborative program with The Luxury Education Foundation. In their final presentation here earlier this week, the students identified potential marketplaces for Lalique, along with developer partners, design ideas and other opportunities thatMore »

Last updated: December 16, 2014

Holidays Boost Retail Sales in November

Census Bureau

WASHINGTON-With consumers firmly in holiday shopping mode, U.S. retail sales in November rose 0.7 percent over October and 5.1 percent over November of last year, totaling $449.3 billion, according to this morning’s report from the U.S. Census Bureau. Commenting on the Census Bureau’s numbers, Matthew Shay, president and CEO of the National Retail Federation, saidMore »

Last updated: December 11, 2014

Restoration Hardware Q3 Net More Than Doubles

Restoration Hardware

CORTE MADERA, Calif.-As the company’s top line continued on its growth trajectory, Restoration Hardware (RH) posted a 103.5 percent increase in third-quarter net income, which totaled $19.4 million. Net revenues for the quarter, which ended on Nov. 1, reached $484.7 million, a 22.4 percent gain over the third quarter of last year. As Gary Friedman,More »

Last updated: December 11, 2014

Carleton Varney to be Honored as Design Icon in Las Vegas

Carleton Varney

LAS VEGAS–Carleton Varney, one of America’s best-known interior designers, will be honored as the 2015 Design Icon during the Winter Las Vegas Market, Jan. 18-22. Varney is president of New York-based Dorothy Draper & Co. Inc., one of the oldest established interior design firms in the United States. His design philosophy stresses the use ofMore »

Last updated: December 11, 2014

Couristan Expands, Renovates Showroom in Atlanta

couristan-logo

Fort Lee, N.J.-Rug manufacturer Couristan has upgraded and expanded its showroom in the AmericasMart building in Atlanta, adding 1,400 square feet of space to its location on the Floor 6 of Building 1, 6-D-11. It will debut to the market at the Atlanta International Area Rug Market next month. Couristan will celebrate the new spaceMore »

Last updated: December 11, 2014

Surya Honored with Niryat Shree Award

The President of India presents the award to Surya Tiwari.

CALHOUN, Ga.—Surya recently received the Niryat Shree Award for outstanding performance in exports, which was presented to Surya founder Surya Tiwari by the President of India, Honorable Shri Pranab Mukherjee, during a ceremony held in New Delhi at the beginning of December. The awards are given out by the Federation of Indian Export Organizations (FIEO),More »

Last updated: December 11, 2014

GoodWeave Founder Accepts Nobel Peace Prize

Kailash Satyarthi accepts the Nobel Peace Prize.

OSLO, Norway—Kailash Satyarthi, the long-time children’s rights activist and the founder of GoodWeave, accepted the Nobel Peace Prize yesterday here, along with Malala Yousafzai, at age 17 the youngest person to receive the award. Satyarthi has been passionate about children’s rights since he was young, and though he acknowledged that much has been done overMore »

Last updated: December 11, 2014

Walmart Tabs McKenna as U.S. COO

Judith McKenna

BENTONVILLE, Ark.-Judith McKenna has been promoted to chief operating officer for Walmart U.S., succeeding Gisel Ruiz, who has been appointed executive vice president of Walmart’s International People Division. McKenna, previously chief development officer for Walmart U.S., continues to report to Greg Foran, Walmart U.S. president and CEO. She has been with the retailer for almostMore »

Last updated: December 10, 2014