Retail

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

Campbell Soup’s Owens Elected to J.C. Penney Board

Craig Owens

PLANO, Texas-J.C. Penney said B. Craig Owens, retired chief financial officer and chief administrative officer of Campbell Soup, has been elected to its board of directors. Owens was with Campbell Soup from 1996 until his retirement earlier this year. He became chief financial officer and chief administrative officer in 2008. Prior to joining Campbell Soup,More »

Last updated: October 8, 2014

The Container Store’s Kip Tindell Pens Book

Container Store Uncontainable

DALLAS-The Container Store chairman and CEO Kip Tindell has written his first book, “Uncontainable: How Passion, Commitment, and Conscious Capitalism Built a Business Where Everyone Thrives,” which underscores the retailer’s mantra that it’s possible and joyful to create a business where everyone associated with it thrives. Tindell kicked off the launch of his book atMore »

Last updated: October 8, 2014

Container Store Goes from Loss to Profit in Q2, But Shares Fall

The Container Store

COPPELL, Texas-Even though the on-the-surface numbers looked positive, share prices for The Container Store Group fell by double digits in overnight trading as investors reacted to the company’s reduced expectations for the quarters ahead. The Container Store posted net income of $7 million in the quarter, which ended on Aug. 30, as opposed to aMore »

Last updated: October 7, 2014

NRF: Holiday Sales to Rise 4.1 Percent

NRF

WASHINGTON-U.S. retail sales during the holiday months of November and December should increase by 4.1 percent to $616.9 billion, according to a forecast by the National Retail Federation. If achieved, this growth would top last year’s gain of 3.1 percent. NRF’s projection excluded automobiles, gasoline and restaurant sales. Over the past 10 years, including thisMore »

Last updated: October 7, 2014

Macy’s Invites Entrepreneurs to Workshop

Workshop At Macy

NEW YORK–The Workshop at Macy’s, a retail development program geared toward minority- and women-owned business, begins accepting applications today for the fifth anniversary class of entrepreneurs. According to Shawn Outler, Macy’s group vice president of leased businesses, vendor collaboration and multicultural business development, the program was created to develop minority- and women-owned businesses that makeMore »

Last updated: October 7, 2014

Havertys Q3 Sales Rise 3 Percent

Havertys

ATLANTA-Havertys said its third-quarter sales rose 3 percent to $198.5 million in a preliminary report on the quarter. Same-store sales for the quarter, which ended on Sept. 30, were up 3.5 percent. Clarence Smith, Havertys’ chairman, president and CEO, said the retailer enjoyed a “record-setting” Labor Day period and improved growth versus September of lastMore »

Last updated: October 7, 2014

Kohl’s Launches Yes2You Loyalty Program

Kohl's Yes2You

MENOMONEE FALLS, Wis.-Kohl’s has unveiled a nationwide customer loyalty program called Yes2You. For every dollar spent, members of the program receive one reward point, along with an additional $5 reward for every 100 points the member earns, with no limit on points regardless of how the shopper pays. Members also receive eight savings offers perMore »

Last updated: October 6, 2014