News

Capresso Debuts CoffeeTeam Pro Therm

The CoffeeTeam Pro Therm

CLOSTER, N.J.-Capresso has introduced the CoffeeTeam Pro Therm, which it describes as the first thermal bean-to-carafe coffeemaker with a removable bean container, removable burrs and a patent-pending dispenser that improves the flow of ground coffee into the filter. The CoffeeTeam Pro Therm comes with a stainless steel exterior and has a capacity for 10 cups.More »

Last updated: October 9, 2014

Zoku Wins Product Awards

Fish Pop Molds

HOBOKEN, N.J.–Zoku’s Fish Pop Molds and the Slush & Shake Maker have won 2014 Top Fun Awards for their exceptional design and construction in the Tillywig Toy & Media Awards competition. Tillywig provides retail buyers, news media, parents and consumers with product information and reviews of superior children’s products. The Zoku products were honored becauseMore »

Last updated: October 9, 2014

Sears Shares Fall on Reports of Vendor Halting Shipments

Sears-Holding-Corp_sign

NEW YORK-The share price of Sears Holdings stock fell by double digits on wire-service reports that a vendor had stopped shipping the retail company. Reports from Business Insider, Bloomberg, CNBC and MarketWatch said an unnamed vendor had decided to halt its shipments to Sears after insurance firms that provide credit insurance to vendors had decidedMore »

Last updated: October 8, 2014

Costco Q4 Net Climbs 13 Percent

Costco

ISSAQUAH, Wash.-A healthy sales gain propelled Costco to a 13 percent increase in fourth-quarter net income, which totaled $697 million. For the fiscal year ending on Aug. 31, net income was $2.1 billion, up 0.9 percent over last year’s bottom line Net sales in the quarter rose 9.4 percent to $34.8 billion, which included aMore »

Last updated: October 8, 2014

Conn’s Exploring Possible Sale

Conn's

THE WOODLANDS, Texas-Specialty retailer Conn’s said it is exploring a potential sale of the business as part of a range of strategic alternatives. Other possibilities which are being examined by the retailer’s management include separating its retail and credit businesses or slowing the rate of store openings. Conn’s has taken on BofA Merrill Lynch asMore »

Last updated: October 8, 2014

Wayfair IPO Closes

Wayfair.com

BOSTON-Wayfair has closed its initial public offering of 12.65 million shares of its class A common stock at $29 per share. This included 1.65 million shares purchased by the underwriters exercising their option to buy additional shares. A total of 10.5 million shares were sold by Wayfair, and 2.15 million shares were sold by certainMore »

Last updated: October 8, 2014

Dawson Named Division President of Charter Furniture

Rick Dawson

St. AUGUSTINE, Fla.–Rick Dawson has been promoted to division president of Charter Furniture, a Brown Jordan International brand. Dawson has been senior vice president of sales for Charter Furniture since 2006. In his new position, he will oversee all operations and sales responsibilities. He will report to Gene J. Moriarty, Brown Jordan’s president and CEO.More »

Last updated: October 8, 2014

Lifetimes Cultivates License with Kim Parker

Lifetime Kim Parker

GARDEN CITY, N.Y.–Lifetime Brands will launch a dinnerware collection designed by licensed artist Kim Parker at the New York Tabletop Show later this month. The six inaugural patterns are called India Garden, depicting the rich colors and patterns found in the textiles and fabrics of India; Provence Garden, an interpretation of a French countryside garden;More »

Last updated: October 8, 2014