Retail

Consumer Confidence Falls in September

Conference Board

NEW YORK-After four straight months of gains, the consumer confidence index dived 7.4 points in September, according to The Conference Board, which compiles the monthly indicator. The index’s September reading was 86.0, down from 93.4 in August. The expectations index and present situations index, the two component indexes for the overall number, both dropped asMore »

Last updated: October 1, 2014

Mattress Firm Closes Purchase of Back to Bed, M World Mattress, MCStores and TBE Orlando

Mattress Firm

HOUSTON-Mattress Firm has completed the acquisition of the mattress specialty retail assets of Back to Bed Inc., M World Mattress, MCStores and TBE Orlando. Collectively, these companies operate Back to Bed and Bedding Experts retail stores in Illinois, Indiana and Wisconsin, and Bedding Experts and Mattress Barn stores in Florida. The acquisition adds about 135More »

Last updated: October 1, 2014

Family Dollar: States Looking Into Dollar General Proposal

H09-FamilyDollar3_R1

MATTHEWS, N.C.-A number of state attorneys general are investigating Dollar General’s bid to acquire Family Dollar, according to a filing by Family Dollar with the U.S. Securities and Exchange Commission. The filing consists of a number of amendments to an earlier SEC filing made by Family Dollar related to Dollar General’s offer to purchase allMore »

Last updated: September 30, 2014

Instagram’s Systrom Joins Walmart Board

Kevin Systrom

BENTONVILLE, Ark.-Walmart’s board of directors has appointed Kevin Systrom, co-founder and CEO of Instagram, to the board, effective Sept. 26. Systrom, who is the 15th member of the retailer’s board, also serves as a member of the company’s Technology and E-commerce Committee and its Compensation, Nominating and Governance Committee. Rob Walton, Walmart’s chairman, said Systrom’sMore »

Last updated: September 30, 2014

CEO Campbell to Leave Sears Canada

Douglas Campbell

TORONTO-Douglas Campbell, Sears Canada’s president and CEO, said he will leave the retailer by the end of this calendar year. Campbell told the company that he is leaving to return to the United States, “to tend to personal family issues,” according to a company statement. Sears Canada’s board will begin to search for his successorMore »

Last updated: September 30, 2014

Bed Bath Stock Spikes

Bed Bath & Beyond

NEW YORK-Bed Bath & Beyond enjoyed a healthy gain in its stock price in yesterday’s trading on the NASDAQ market. The increase came on the heels of Bed Bath’s second quarter report, which revealed that its second-quarter net income fell by 10.2 percent. In overnight trading, the retailer’s stock price rose from its Sept. 23More »

Last updated: September 25, 2014

Bed Bath Q2 Net Dives 10.2 Percent

Bed Bath & Beyond Net Edges Up 1.8 Percent in Sluggish Q3

UNION, N.J.-Second-quarter net income for Bed Bath & Beyond dropped 10.2 percent to $224 million, as increased costs trumped a modest sales gain. In a conference call yesterday to financial analysts about the quarter, which ended on Aug. 30, Steven Temares, Bed Bath’s CEO, said a major portion of these added expenses involved technology, asMore »

Last updated: September 24, 2014

Deloitte: Holiday Sales Heading Up

Deloitte: Warehouse Clubs Will Top Other Channels in Consumer-Products Sales Growth

NEW YORK-A modest gain in retail sales for the coming holidays is in the offing, according to a forecast from Deloitte, the retail consulting firm. The company said holiday sales should rise by from 4 to 4.5 percent over last year’s holidays, reaching between $981 billion and $986 billion. Deloitte’s measure encompasses retail sales forMore »

Last updated: September 24, 2014