News

Dollar General, Dollar Tree Spar Over Family Dollar

Family Dollar

GOODLETTSVILLE, Tenn., and CHESAPEAKE, Va.-Dollar Tree (NASDAQ: DLTR) and Dollar General (NYSE: DG) issued statements this morning clashing over their proposed deals to acquire Family Dollar (NYSE: FDO). Dollar Tree’s statement said the U.S. Federal Trade Commission, which has been investigating the antitrust concerns of both proposed acquisitions, may require Dollar General to divest “farMore »

Last updated: December 5, 2014

Gibson Survey: Never Mind the Mug

Gibson’s Kioto Red sets have no mug.

COMMERCE, Calif.-Consumers overwhelmingly prefer dinnerware sets without mugs, according to a wide-ranging survey conducted recently by Gibson Overseas. In a nationwide survey of more than 1,000 respondents, 64 percent favored set compositions without a mug, Gibson said, indicating that consumers now consider mugs to be a separate purchase. “Mugs are not part of most mealsMore »

Last updated: December 5, 2014

Big Lots Narrows Q3 Loss

Big Lots

COLUMBUS, Ohio-Slimmed-down expenses and a significantly reduced loss from discontinued operations enabled Big Lots to post a third-quarter net loss of $3.4 million, compared to its net loss of $9.5 million in last year’s third quarter. The retailer’s loss from discontinued operations amounted to $326,000, compared to the $7.6 million loss from discontinued operations fromMore »

Last updated: December 5, 2014

Frieling USA Hires Harris as EVP, Sales

Mark Harris

FORT MILL, S.C.–Frieling USA has expanded its management team, appointing Mark Harris as executive vice president, sales, a new position, and promoting Yung Lindenbeck to vice president, sales and marketing. Harris will direct the growth of the company’s expanding gourmet kitchenware and tabletop lines. He has 25 years of sales, marketing, key account and projectMore »

Last updated: December 5, 2014

Keurig Cuts Deal for Bevyz Global

Keurig Green Mountain

WATERBURY, Vt.-Keurig Green Mountain, which owns 15 percent of MDS Global Holding (Bevyz Global), developer of a patented, single-portion multidrink system that dispenses a range of hot and cold beverages, has entered into an agreement to acquire the remaining equity of the company. The purchase price is about €178 million all in cash, or aboutMore »

Last updated: December 5, 2014

ICFF and Fiera Milano Team for HO.MI.

ICFF

NEW YORK-The International Contemporary Furniture Fair is combining with Fiera Milano to introduce HO.MI., a lifestyle exhibition featuring Italian designers and brands at this spring’s ICFF. More than 120 top Italian designers and brands who exhibit at the bi-annual HO.MI. Milano exhibition held at Fiera Milano in January and August will travel to New YorkMore »

Last updated: December 5, 2014

Sears Q3 Loss Rises as Sales Fall

Sears Holdings

HOFFMAN ESTATES, Ill.-Weak sales and low margins led Sears Holdings to a $548 million net loss in its fiscal third quarter, compared to a $534 million net loss in the third quarter of last year. Net sales in the quarter, which ended on Nov. 1, totaled $7.2 billion, down 12.9 percent from last year. TheMore »

Last updated: December 4, 2014

Pantone Names Marsala Color of the Year

Marsala is Pantone's Color of the Year.

CARLSTADT, N.J.–Pantone today announced Marsala, a naturally robust and earthy wine red, as the Color of the Year for 2015. “Much like the fortified wine that gives Marsala its name, this tasteful hue embodies the satisfying richness of a fulfilling meal, while its grounding red-brown roots emanate a sophisticated, natural earthiness,” said Leatrice Eiseman, executiveMore »

Last updated: December 4, 2014