Retail

Pier 1 Q3 Net Plummets on Higher Costs

Pier 1

FORT WORTH, Texas-Rising expenses from various sources sent Pier 1 Imports’ third-quarter net income into a 33.3 percent tailspin, to $17.9 million. Higher costs for fulfillment resulting from increased e-commerce sales played a part in shaving gross margin by 110 basis points, to 42.3 percent. Selling, general and administrative expenses rose 7.8 percent in dollarsMore »

Last updated: December 19, 2014

Target’s Carl Upped as Retailer Sets New Executive Roles

Casey Carl

MINNEAPOLIS-Casey Carl, Target’s president of omnichannel and senior vice president of strategy, has been promoted to chief strategy and innovation officer as part of a number of executive realignments within the mass-merchant retailer. As part of this move, Carl leads Target’s newly created center of excellence, with a goal to strengthen its data, analytics andMore »

Last updated: December 19, 2014

Blog: Happy Holidays from Amazon

Duke Ratliff

Like getting a pink slip during the holidays or a lump of coal in the stocking, retailers must be feeling that Amazon is giving them a not-so-fine present this season as the nation’s largest online retailer announced today that it is testing a one-hour delivery service in Manhattan. Called Prime Now, the service promises toMore »

Last updated: December 19, 2014

Hudson’s Bay Tabs Storch as CEO

Gerald Storch

TORONTO-Gerald Storch, former chairman and CEO of Toys “R” Us and former vice chairman of Target, will become CEO of Hudson’s Bay Co. on Jan. 6. Storch will succeed Richard Baker, who will continue as the retailer’s governor and will become executive chairman. Together, Baker and Storch will comprise the Office of the Chairman. WhenMore »

Last updated: December 17, 2014

Blog: Ma Lauded, Lampert Dissed

David Gill

HANOVER, N.H.-This year’s list of best and worst CEOs has come out, with Jack Ma of Alibaba finishing on the positive side and Eddie Lampert of Sears Holdings among the negatives. The two lists are provided each year by Sydney Finkelstein, professor of management at Dartmouth University’s Tuck School of Business and author of “ThinkMore »

Last updated: December 19, 2014

Room & Board Opens Second NYC Store

RoomAndBoard_logo2013

NEW YORK–Room & Board, the Minneapolis-based retailer that specializes in modern, American-made furniture, opened a store in New York’s Chelsea neighborhood on Saturday. The 48,000-square-foot store at 235 West 18th Street is the company’s second store in Manhattan. The chain’s other New York store is in Soho. The new store is located in the originalMore »

Last updated: December 17, 2014

Raymour & Flanigan Selects TD Bank for Credit Card Program

raymour-flanigan_logo

MAHWAH, N.J.–TD Bank announced today that it has signed a multi-year agreement to provide a new branded private label credit card program for Raymour & Flanigan Furniture. The new Raymour & Flanigan card launched this week in the family-owned retailer’s 94 full-line showrooms, 11 clearance centers and online business. Under the agreement, TD’s Retail CardMore »

Last updated: December 17, 2014

Retail Scorecard: Small Appliances

RetailScorecard_logo

NEW YORK-Macy’s has a huge number of deals this week. It is offering the KitchenAid Artisan 5-Quart Stand Mixer and the KitchenAid Architect 5-Quart Stand Mixer each for $349.99; both qualify for an unspecified rebate. The Keurig 2.0 K350 Brewer is available for $149.99, and the Keurig K45 Single Serve Brewer is being sold forMore »

Last updated: December 15, 2014