NEW YORK-For the first time in many months, the consumer confidence index reached over the 100 mark, finishing January at 102.9, its highest level since August 2007, according to The Conference Board, which provides the monthly indicator. This month’s index was up 9.8 points from the December reading. Both of the indicator’s component indexes also … More »
CONSHOHOCKEN, Pa.-Ikea’s U.S. stores posted an increase of 4.24 percent in the fiscal year ending in August 2014, building on pickups of 6.7 percent for fiscal year 2013 and 8 percent in fiscal year 2012. Internationally, Ikea Group’s net income totaled €3.3 billion, or about $4 billion, which was flat with last year. Total sales … More »
DANBURY, Conn.-As it continues to transition its product offerings, Ethan Allen Interiors reported a 13.1 percent drop in second-quarter net income, to $10 million. A company statement said the introduction of more than 600 product offerings in the fiscal first half led to a selloff in floor inventory, which affected retail sales and gross margins. … More »
DUBLIN, Calif.-Ross Stores has elected Stephen Milligan, president and CEO of Western Digital Corp., to its board of directors. Milligan was with Western Digital from 2202 to 2007 in executive roles including chief financial officer. He joined Hitachi Global Storage Technologies in 2007 as chief financial officer, and became Hitachi’s CEO in 2009. When Western … More »
TORONTO-Ronald Boire, acting president and CEO of Sears Canada, has been appointed permanent president and CEO. Boire had been acting chief of the Canadian department store chain since October, a month after Douglas C. Campbell announced that he had resigned as president and CEO. Prior to joining Sears Canada, Boire was executive vice president and … More »
MAHWAH, N.J.-TD Bank said it has signed a multi-year agreement to provide a new branded private label credit card program for Mor Furniture for Less, the San Diego-based retailer. The card will launch this month at the chain’s 29 full-line furniture stores and its online business. TD’s Retail Card Services division will direct all facets … More »
MISSISSAUGA, Ontario-Walmart Canada said it will open 11 supercenters across Canada by Jan. 29. The first six grand-opened yesterday—two on Prince Edward Island, one in Nova Scotia, one in Saskatchewan, one in Alberta and one in British Columbia. Five more will open on the 29th—two in Ontario, one in Quebec, on in Manitoba and one … More »
MATTHEWS, N.C.-Family Dollar shareholders have overwhelmingly approved the company’s proposed merger with Dollar Tree, turning down Dollar General’s proposal to acquire its rival in a special Family Dollar shareholder vote held today. Based on a preliminary count of the votes cast, the vote in favor of the Dollar Tree deal represented 89 percent of the … More »
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