Retail

Retail Sales “Encouraging” in August

Census Bureau

WASHINGTON-U.S. retail sales in August recorded increases of 0.6 percent over July and 5 percent over August 2013, according to the monthly retail sales report from the U.S. Bureau of the Census. The August pickups were termed “encouraging” by the National Retail Federation. “August sales figures signal that consumers are willing and ready to spendMore »

Last updated: September 15, 2014

ARTS Awards Finalists for 2015 Announced

ARTS Awards 2015

DALLAS–Dallas Market Center and ART, the creative home furnishings network, have released the finalists for the 26th annual ARTS Awards. To be presented on Friday, Jan. 16, 2015, during the Dallas Total Home & Gift Market, the ARTS Awards recognize excellence in manufacturers, retailers, designers and sales representatives worldwide in 27 categories, including a newMore »

Last updated: September 15, 2014

Home Helps as Hudson’s Bay Narrows Q2 Loss

Hudson’s Bay

TORONTO-Hudson’s Bay Co. reported a second-quarter net loss of C$36 million (about $33 million), compared to a second-quarter net loss of C$81 million (about $74 million) last year. The acquisition of Saks, which was closed in November 2013, helped Hudson’s Bay bottom line in the quarter, which ended on Aug. 2. With Saks in theMore »

Last updated: September 12, 2014

Macy’s Celebrates Hispanic Heritage Month

Macy’s Celebrates Hispanic Heritage Month

NEW YORK–Macy’s will celebrate Hispanic Heritage month this fall by honoring and hosting in-store events with Latin-American women Jasmine Villegas, Julie Sariñana and Kika Rocha. The events will take place at stores across the country, from Sept. 19 through Oct. 11, giving customers the opportunity to be part of a casual conversation with the threeMore »

Last updated: September 12, 2014

Restoration Hardware Moves from Loss to Profit in Q2

Restoration Hardware

CORTE MADERA, Calif.-With revenues climbing and expenses plummeting, Restoration Hardware posted net income of $27.3 million in its second quarter ending on Aug. 2, as opposed to its second-quarter net loss of $17.8 million last year. Net revenues gained 13.5 percent to finish the quarter at $433.8 million. This included an increase of 13 percentMore »

Last updated: September 11, 2014

Riesbeck to Become hhgregg CFO

Robert Riesbeck

INDIANAPOLIS-hhgregg has hired Robert Riesbeck as its chief financial officer, a post he will assume on Sept. 15. Riesbeck, will succeed Andrew Giesler, senior vice president of finance, who had been interim chief financial officer since Jan. 31. Giesler took on the interim role after the resignation of Jeremy Aguilar, who became chief financial officerMore »

Last updated: September 11, 2014

Amazon Tops Stores Magazine’s Favorite 50 Shopping Sites

Amazon.com

WASHINGTON-Amazon.com once again finished first on Stores magazine’s Favorite 50 list of top shopping websites. Rounding out the magazine’s top 10 were walmart.com, ebay.com, kohls.com, bestbuy.com, macys.com, target.com, jcpenney.com, sears.com and google.com. This year’s list was notable for the first appearance of wayfair.com, the home furnishings site, which finished 43rd. Zulily.com, which sells home furnishingsMore »

Last updated: September 11, 2014

Dollar General Gets “Hostile” in Family Dollar Takeover Bid

Dollar General

GOODLETTSVILLE, Tenn.-Having failed to get approval from the Family Dollar board, Dollar General has taken its $9.1 billion offer to acquire its dollar-store rival directly to the company’s shareholders (commonly referred to as a “hostile takeover bid”). The offer is essentially the same as the one turned down by the Family Dollar board last week.More »

Last updated: September 10, 2014