Sasser: Dollar Tree at “the End of Our Patience” with Family Dollar

Bob Sasser

CHESAPEAKE, Va.-Dollar Tree will not agree to any more adjournments of Family Dollar’s shareholders vote on its proposed merger with the dollar-store retailer, and has “reached the end of our patience,” according to a letter sent by Bob Sasser, Dollar Tree’s CEO, to Howard Levine, chairman, president and CEO of Family Dollar. In the letter,More »

Last updated: January 14, 2015

Belk Total and Comp Sales Gain for Holidays


CHARLOTTE, N.C.-Regional department store Belk posted an increase of 5.2 percent for total sales during the holiday sales period, plus a pickup of 4.8 percent in same-store sales for the period. The company said in a statement that its sales gains covered the nine-week period ending on Jan. 3. “Holiday sales got off to aMore »

Last updated: January 14, 2015

Mohawk Purchases European Vinyl Company for $1.2B

Mohawk Industries

CALHOUN, Ga.-Mohawk Industries has entered into a definitive agreement to acquire the IVC Group, a leading manufacturer of sheet vinyl, luxury vinyl tile (LVT) and laminate based in Belgium. Mohawk is acquiring IVC for approximately $1.2 billion through a combination of cash and equity. The purchase will expand Mohawk’s position as a leading global flooringMore »

Last updated: January 14, 2015

Heimtextil Exhibitor Count Gains


FRANKFURT, Germany-The exhibitor count for Heimtextil, which opens today, totals 2,759, up 45 from last year’s show and the largest number of exhibitors in years, according to Messe Frankfurt, which owns and organizes the textiles trade fair. Those exhibitors come from 68 countries, up from 62 countries last year. Detlef Braun, member of Messe Frankfurt’sMore »

Last updated: January 14, 2015

Arteriors Expands Sales Team with Three Appointments


DALLAS-Luxury lighting, furniture and home decor company Arteriors has appointed three sales executives: Ben Howard has been named national sales manager of lighting, Jim Bindman vice president of sales of the Arteriors Contract division, and Kevin Reilly international sales manager. “As Arteriors continues to expand our presence into new markets—both internationally and domestically—it’s a naturalMore »

Last updated: January 14, 2015

Wayfair to Honor Emerging Interior Designers

BOSTON-Wayfair Inc. (NYSE:W) has debuted its Trade Tastemaker Awards to honor the top emerging talent in interior design across a range of aesthetics. Wayfair will name one design professional as the 2015 Designer of the Year and recognize one top designer in each of the following categories: Rising Star, Best Design Innovator, Best Use ofMore »

Last updated: January 14, 2015

MasterCard Exec: Home Sector to Benefit from Greater Consumer Spending

Sarah Quinlan

NEW YORK-Declining unemployment and other factors fattening individual wallets could help the home furnishings sector, among other product categories, in 2015, according to Sarah Quinlan, MasterCard Advisors’ senior vice president of market insights. Speaking at last night’s 25th annual Finance CEO Forum, Quinlan said home products have already benefited from factors such as more jobs,More »

Last updated: January 14, 2015