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Keurig, Caribou Renew Partnership Agreement

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WATERBURY, Vt.-Keurig Green Mountain and Caribou Coffee have extended their partnership with a new 10-year agreement for the manufacturing, marketing, distribution and sale of Caribou Coffee in Keurig pack formats for Keurig’s consumer and commercial hot-brewing systems. The partnership began in January 2007. With the new agreement, the two companies have extended and broadened theirMore »

Last updated: December 15, 2014

Swiss Diamond Reports Strong Black Friday Growth

Swiss Diamond

CHARLOTTE, N.C.—While the National Retail Federation reported Black Friday sales as falling 11 percent, Swiss Diamond experienced a 36 percent increase in orders placed, the cookware company said. Swiss Diamond said visits to its e-commerce sites increased 192 percent while new visits increased 146 percent. From a product standpoint, Swiss Diamond sauce pans saw theMore »

Last updated: December 11, 2014

iRobot Debuts Robot Platform for STEM

iRobot Posts Loss in Q4; Net Falls 57 Percent for Year

BEDFORD, Mass.-iRobot has launched an update to its Science, Technology, Engineering and Math (STEM) educational outreach program which includes the debut of Create 2, a pre-assembled robot platform based on the company’s Roomba vacuum robot. The new platform is designed to give educators, students and developers first-hand robotic programming experience, according to an iRobot statement.More »

Last updated: December 11, 2014

Double-Digit Net Gain for Costco’s Q1

Costco

ISSAQUAH, Wash.-Costco began its fiscal year with a healthy 16.7 percent gain in first-quarter net income, which totaled $496 million. Net sales in the quarter, which ended on Nov. 23, reached $26.3 billion, up 7.4 percent. Included in the top line was a total-company same-store sales increase of 5 percent, which included the effects ofMore »

Last updated: December 10, 2014

IMC Names Leasing Manager for Gift Division

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LAS VEGAS-International Market Centers has appointed Leanna John leasing manager, Gift. As the newest member of the Las Vegas Market leasing team, she will be responsible for driving leasing activity among permanent gift tenants. John will report to Terence Morris, senior director of Gift Leasing. John has worked for Atlanta-based Urban Expositions for the lastMore »

Last updated: December 10, 2014

O2Cool Acquires Better Things

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CHICAGO-O2Cool, manufacturer of battery-operated fans, misting fans and misting drinking bottles, recently acquired the assets of Florida-based Better Things, maker of consumer products for use around the home, patio, pool and beach. Terms were not disclosed. In a statement, O2Cool said the acquisition diversifies and expands its product offerings, strengthens its retail relationships and enhancesMore »

Last updated: December 10, 2014

Hooker: Casegoods Bolsters Bottom Line

Hooker Furniture

MARTINSVILLE, Va.-Hooker Furniture posted a gain of 51.4 percent in its fiscal third-quarter net income, which totaled $3.2 million. Net sales in the quarter, which ended on Nov. 2, reached $63.2 million, up 6.8 percent. The increase was fueled by higher average selling prices, which offset a relatively flat unit volume performance. Casegoods turned inMore »

Last updated: December 10, 2014

Hudson’s Bay Slashes Q3 Loss

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TORONTO-As its integration of Saks continues, Hudson’s Bay Co. reported a third-quarter net loss of C$13 million (U.S.$11.6 million), compared to a net loss of C$126 million (U.S.$114.2 million) for the third quarter of last year. Bolstered by the acquisition of Saks, net sales in the quarter, which ended on Nov. 1, jumped 94.4 percentMore »

Last updated: December 9, 2014