News

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

IMC_logoWEB.

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

O2Cool_logoWEB

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

Hudson's Bay

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

Burlington Stores’ Loss Grows in Q3

Burlington Stores

FLORENCE, N.J.-Climbing expenses and a loss on the extinguishment of debt drove Burlington Stores to a net loss of $34.2 million in its fiscal third quarter, compared to a net loss of $16.9 million in the third quarter of 2013. The retailer posted a loss of $70.3 million on the extinguishment of debt in theMore »

Last updated: December 9, 2014

Millhouse Named to Head Protect-A-Bed Sales

Ken Millhouse

CHICAGO-Protect-A-Bed has appointed former Lego executive Ken Millhouse president of sales, putting him in charge of the company’s sales teams throughout the United States and in 49 countries. Millhouse reports directly to James Bell, Protect-A-Bed’s CEO. He succeeds Clive Goldin, who has retired. Before joining Protect-A-Bed full time, Millhouse had served as a consultant toMore »

Last updated: December 9, 2014

Brummett Tabbed as Comfort Revolution VP

Dave Brummett

WEST LONG BRANCH, N.J.-Comfort Revolution has named sleep-products industry veteran Dave Brummett vice president of product development and merchandising, a newly created position. In his new role, Brummett is responsible for developing new products in mattresses, pillows and toppers, and a comprehensive merchandising strategy. Comfort Revolution produces collections for its own brand and for Sealy’sMore »

Last updated: December 9, 2014