News

Euromonitor: Small-Appliance Sales Will Top Major Appliances by 2019

Euromonitor International

SINGAPORE-Global sales volume of small appliances will surpass sales of major appliances by 2019, according to a study by Euromonitor International. Small-appliance sales will also grow around the world by 22 percent by that year, the research firm said. “Global consumer interest is turning towards small appliances such as air treatment, cooking appliances and vacuumMore »

Last updated: November 10, 2014

Sears Exploring Creation of a REIT

Sears Holdings

HOFFMAN ESTATES, Ill.-Sears Holdings (NASDAQ: SHLD) said it is looking into the formation of a real estate investment trust (REIT) as a way of generating cash from its real estate portfolio. In a filing with the U.S. Securities and Exchange Commission, the retail holding company said potentially 200 to 300 of its stores would beMore »

Last updated: November 7, 2014

O’Brien Upped to SVP of Merchandising at QVC

QVC

WEST CHESTER, Pa.-QVC has promoted Ken O’Brien to senior vice president of merchandising. O’Brien, who was previously vice president of merchandising, is now responsible for setting and executing QVC’s merchandising strategy for product brands across its categories, along with leading the engagement and management of QVC’s vendor community. He will continue to report to DougMore »

Last updated: November 7, 2014

Target Taps Rice as Chief Risk and Compliance Officer

Jacqueline Hourigan Rice

MINNEAPOLIS-Jacqueline Hourigan Rice has been named senior vice president and chief risk and compliance officer for Target. Rice will join the retailer on Dec. 1 and will be responsible for the centralized oversight of enterprise risk management, compliance, vendor management and corporate security. She will report directly to Brian Cornell, chairman and CEO. Cornell saidMore »

Last updated: November 7, 2014

Arteriors to Partner with Interior Designer Jeffers

Arteriors

DALLAS-Arteriors has signed a license partnership with San Francisco-based interior designer Jay Jeffers. The Jay Jeffers Capsule Collection for Arteriors will feature an assortment of accessories designed for home entertaining, including barware, trays and accent tables for drinks. It will be introduced in late 2015. “Jay is a distinguished interior designer with a unique flairMore »

Last updated: November 7, 2014

CorningWare Inventor Stanley Donald Stookey Dies

Stanley Donald Stookey

ROCHESTER, N.Y.-Stanley Donald Stookey, the inventor of CorningWare, passed away Nov. 4, according to published reports. He was 99. Stookey created a ceramic glass, that became known as CorningWare, in 1953 by accident, reports said. He overheated a piece of photosensitive glass in an oven; when he removed it from the oven with a pairMore »

Last updated: November 10, 2014

Furniture First Adds Members, Announces New Las Vegas Showroom

Furniture First logo

HARRISBURG, Pa.- Furniture First recently approved two retailers as new members of the national buying group: Stacy Furniture & Design of Grapevine, TX, and Bowen Town & Country Furniture of Winston-Salem, N.C. With the additions, Furniture First membership is up to 212 stockholders with 450 storefronts in 47 states. Also, Furniture First will move toMore »

Last updated: November 7, 2014

NY Now Sets Seminar Schedule

NY Now

WHITE PLAINS, N.Y.-NY Now has established its schedule of seminars and events for the winter show, slated for Jan. 31-Feb. 4 at the Jacob K. Javits Convention Center in New York City. The schedule will encompass four seminar “tracks”—Handmade, Home, Lifestyle and New! Ideas—designed to complement the show’s four collections. Nearly 40 sessions will takeMore »

Last updated: November 7, 2014