Retail

Target Taps Rice as Chief Risk and Compliance Officer

Jacqueline Hourigan Rice

MINNEAPOLIS-Jacqueline Hourigan Rice has been named senior vice president and chief risk and compliance officer for Target. Rice will join the retailer on Dec. 1 and will be responsible for the centralized oversight of enterprise risk management, compliance, vendor management and corporate security. She will report directly to Brian Cornell, chairman and CEO. Cornell saidMore »

Last updated: November 7, 2014

Target Launches Smart-Home Initiative

Target, Facebook Align for Cartwheel App

MINNEAPOLIS-Target has introduced an offering of smart-home products that includes an in-store test and a dedicated page on its website. According to a Target spokeswoman, the in-store test involves offering smart-home products in 500 stores. The website page leads consumers to smart-home product categories such as thermostats, home security and safety, lighting and switches, well-beingMore »

Last updated: November 6, 2014

Stein Mart Q3 Sales Up 4.5 Percent

SteinMart

JACKSONVILLE, Fla.-Stein Mart (NASDAQ: SMRT) reported third-quarter sales of $303.6 million, up 4.5 percent from last year’s third quarter, according to a preliminary statement on the retailer’s results. Same-store sales in the quarter were up 3.1 percent. Jay Stein, Stein Mart’s CEO, said, “We are pleased with our 3.1 percent comparable-store sales increase for theMore »

Last updated: November 6, 2014

QVC Operating Profit Climbs 22 Percent in Q3

QVC

ENGLEWOOD, Colo.-In what President and CEO Mike George called “our strongest quarterly performance of 2014,” QVC delivered a 22 percent gain in operating income, to $247 million. Net sales in the quarter, which ended on Sept. 30, increased by 4.7 percent to $2.3 billion, according to a statement from Liberty Interactive Corp., QVC’s parent company.More »

Last updated: November 5, 2014

HSNi Sales Rise 4.8 Percent in Q3

HSNi

ST. PETERSBURG, Fla.-With digital sales providing the fuel, HSN Inc. posted a sales increase of 4.8 percent in its fiscal third quarter ending on Sept. 30, to $837.5 million. Digital sales gained 7 percent in the quarter, including an increase of 13 percent in the HSN segment. Total sales in HSN were up 7 percent,More »

Last updated: November 4, 2014

Havertys Q3 Net Falls 17.6 Percent

Havertys

ATLANTA-Increased costs and reduced profit margins cut into Havertys’ third-quarter net income by 17.6 percent, to $7.8 million. Selling, general and administrative expenses were up 6 percent in dollars and 132 basis points as a percentage of sales, to 47.1 percent. Increases in delivery expenses, sales commissions, fixed and discretionary costs brought about the addedMore »

Last updated: November 4, 2014

Tuesday Morning Narrows Q1 Loss

TuesdayMorning_2014

DALLAS-With the retailer’s Turnaround Phase finished, Tuesday Morning reported a first-quarter net loss that was significantly reduced from the loss in last year’s first quarter. The loss for the quarter, which ended on Sept. 30, totaled $6.2 million, compared to the $12 million loss last year. Net sales jumped 10.1 percent to $202.2 million, includingMore »

Last updated: November 4, 2014

Progressive Business Media Acquires HFN and Related Print and Digital Properties

HFN

NEW YORK – HFN the most prestigious and longest-running business magazine for the home furnishings and housewares industry has been purchased by Progressive Business Media. The brand joins the PBM portfolio of business media properties specializing in the home industry, including Furniture/Today, Home & Textiles Today, Casual Living, Home Accents Today, and Gifts & DecorativeMore »

Last updated: November 6, 2014