News

Consumer Electronics Stores Go Soft

P.C. Richard & Son

Regional chains adding mattresses and furniture By Mark Seavy Regional consumer electronics retailers are increasingly turning to mattresses and furniture to provide a bounce to their bottom line amid sagging television sales and profit margins, retailers said. Mattress brands like Serta, Sterns and Foster, Tempur-pedic and Sealy Posturpedic and furniture from Simmons, Jackson-Catnapper and Berkline thatMore »

Last updated: November 13, 2014

Walmart Net Slips in Q3; U.S. Comps Edge Up

Walmart

BENTONVILLE, Ark.-Rising expenses offset a gain in overall sales to reduce Walmart’s third-quarter net income by 0.6 percent, to $3.7 billion. Net sales for Walmart as a whole totaled $118.1 billion, up 2.8 percent from last year’s third quarter. Included in the overall figure were a 0.5 percent gain in same-store sales for Walmart U.S.More »

Last updated: November 13, 2014

J.C. Penney Slashes Q3 Loss; Home Scores a Win

JCPenney

PLANO, Texas-In a quarter in which the home department was a top performer, J.C. Penney slimmed its third-quarter net loss to from $489 million in last year’s third quarter to $188 million this year. Net sales were down 0.5 percent, totaling $2.8 billion and including a flat performance in same-store sales. But in a conferenceMore »

Last updated: November 13, 2014

IMC’s Mitchell to Retire, Eckman Named EVP

Tom Mitchell

HIGH POINT, N.C.- International Market Centers announced that Tom Mitchell, president of home furnishings, will retire at the end of this year. Meanwhile, Scott Eckman has been promoted into a newly created position of executive vice president of marketing and furniture leasing. Mitchell has spent much of his career leasing space, managing operations and servingMore »

Last updated: November 13, 2014

Dillard’s Q3 Net Climbs in Face of Sales Drop

Dillard’s

LITTLE ROCK, Ark.-Dillard’s reported third-quarter net income of $55.2 million, up 8.4 percent, even though the retailer experienced a decline in sales in the quarter, which ended on Nov. 1. Net sales totaled $1.5 billion, down 7.4 percent from last year’s third quarter and including a drop of 1 percent in same-store sales. Home andMore »

Last updated: November 13, 2014

Artel Opens for Business Online

Artel

PRAGUE-Crystal glassware maker Artel is launching its online shop today. The new site, artelshop.com, offers Artel’s best-selling items as well as the opportunity for bespoke pieces from Artel artisans. “For many years we’ve received requests from our customers for ways to shop for our glassware from home, so we are delighted to finally be ableMore »

Last updated: November 13, 2014

Capel Rugs to Unveil New, Relocated AmericasMart Showroom

Capel Rugs

TROY, N.C.-After many years on the sixth floor, the AmericasMart showroom of Capel Rugs is relocating to the third floor of Building 1, in space 3-C-15. The renovated space will include new flooring and wall treatments for impact. In January, the location will also showcase Capel’s newest designs, including sari silk and contemporary styles, newMore »

Last updated: November 13, 2014

HFN Deadline for Winter Markets is Nov. 21

HFN

NEW YORK–HFN is preparing its editorial coverage of the Atlanta International Gift & Home Furnishings Market, Jan. 6-13, the Atlanta International Area Rug Market, Jan. 7-10, the Dallas International Lighting Market, Jan. 14-18, which is during Dallas Total & Gift Market, Jan. 14-20, and the Las Vegas Market, Jan. 18-22. The Atlanta markets and DallasMore »

Last updated: November 13, 2014