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IMC Files for IPO

IMC

HIGH POINT, N.C.-International Market Centers, parent company of both the High Point Market Authority and World Market Center Las Vegas, has filed for an initial public offering with the U.S. Securities and Exchange Commission. According to the filing, IMC hopes to raise about $200 million from the offering, which it intends to use to payMore »

Last updated: November 12, 2014

Bottom Line Up 22.6 Percent for Macy’s Q3

Macy’s

CINCINNATI-Slimmed-down expenses helped propel Macy’s to a 22.6 percent gain in third-quarter net income, which totaled $217 million. Selling, general and administrative expenses were cut by 4.4 percent in dollars and 110 basis points as a percentage of sales, to 32.4 percent, in the quarter, which ended on Nov. 1. Terry Lundgren, Macy’s chairman andMore »

Last updated: November 12, 2014

Target to Offer Home Products Savings in November

Target

MINNEAPOLIS-Multipiece bakeware sets and a Dyson vacuum cleaner are among the products for which Target will offer significant savings during the November period culminating on Black Friday weekend. From Nov. 23-29, the retailer will pitch multipiece bakeware sets at 40 percent off, as part of a number of exclusive deals. From Nov. 27-29, Target willMore »

Last updated: November 12, 2014

Gourmet Catalog Plans First Yearly Meeting for Atlanta

Gourmet Catalog

ATLANTA-Gourmet Catalog said it has renewed its longstanding partnership with AmericasMart and will hold its first meeting of 2015 in conjunction with The Atlanta International Gift and Home Furnishings Market in January. The January 2015 meeting will be held on Wednesday, Jan. 7 and Thursday, Jan. 8 at AmericasMart Building 1 Floor 8. “Our continuingMore »

Last updated: November 12, 2014

SodaStream Survey: Americans Can Be Encouraged to Drink More Water

SodaStream

MOUNT LAUREL, N.J.-While a significant percentage of U.S. consumers quench their thirst with a beverage other than water, many of them can be encouraged to drink more water, according to a study conducted for SodaStream by consulting firm Northstar. The survey is part of SodaStream’s shift in its marketing focus toward health and wellness, whichMore »

Last updated: November 12, 2014

Surya Raises More Than $69K for its Miles for Meals Campaign

Tiwari Surya

CALHOUN, Ga.-Through its third-annual Miles for Meals campaign, Surya has raised $69,603—83 percent more than last year’s campaign—for Akshaya Patra, an NGO-run meal program in Northern India that provides daily hot lunches to thousands of school children. The amount of money raised will be able to provide daily lunches to more than 4,600 school childrenMore »

Last updated: November 12, 2014

Wayfair Q3 Revenue and Loss Skyrocket

Wayfair.com

BOSTON-Fueled by a huge gain in its direct-retail business, Wayfair posted net revenue of $336.2 million, up a resounding 41.7 percent, in its fiscal third quarter ending on Sept. 30. Wayfair’s net loss nearly quadrupled in the quarter, to $28.9 million, compared to a net loss of $7.7 million in last year’s third quarter. ThisMore »

Last updated: November 11, 2014

Retail Import Volume Rises; West Coast Ports Face Possible Shutdown

Container Port

WASHINGTON-With retailers rushing to fill their shelves in the face of a potential shutdown of West Coast ports, import volume at the nation’s major container ports is projected to continue upward this month, according to the most recent Global Port Tracker report from the National Retail Federation and Hackett Associates. The report is predicting thatMore »

Last updated: November 11, 2014