Author Archives: Home Furnishings News

Foran to Succeed Simon as Walmart U.S. Chief

Greg Foran

BENTONVILLE, Ark.-Greg Foran has been promoted to president and CEO of Walmart U.S. Foran will succeed Bill Simon, who had been in this role since June 2010. Foran, who had been named president and CEO of Walmart Asia earlier this year, will report to Doug McMillon, the parent company’s president and CEO. He starts inMore »

Ethan Allen Doubles Q4 Net; FY Net Rises 32.2 Percent

Ethan Allen

DANBURY, Conn.-Sales gains in both of its divisions and controlled expenses helped Ethan Allen to a 108.5 percent jump in fourth-quarter net income, to $17.1 million. For the fiscal year ending on June 30, the company posted a net-income gain of 32.2 percent to $42.9 million. Net sales in the quarter climbed 9.1 percent toMore »

Jarden Q2 Net Falls 31.8 Percent in Spite of Record Sales

Jarden

MIAMI-Increased expenses and a loss on the early extinguishment of debt offset a record sales performance to send Jarden’s second-quarter net income into a 31.8 percent plunge, to $52.1 million. Selling, general and administrative expenses were up 23 percent in dollars and 181 basis points as a percentage of sales from the second quarter ofMore »

Groupe SEB First-Half Net Falls 52 Percent

Groupe SEB

ECULLY CEDEX, France-Groupe SEB posted first-half net income of €25 million (about $34.1 million based on exchange rates for that period), down 52 percent from first-half net income for 2013. Net sales for the period totaled €1.8 billion (about $2.5 billion), slipping by 0.5 percent. Thierry de La Tour d’Artaise, Groupe SEB’s chairman and CEO,More »

Swiffer Effect Campaign Features “Modern Family’s” Stonestreet

Eric Stonestreet

CINCINNATI-Eric Stonestreet, star of the television series “Modern Family,” has joined Swiffer’s Swiffer Effect campaign, which features stories of real-life families and how they tackle everyday cleaning challenges. Stonestreet joined Dr. Michelle Callahan at Gary’s Loft in New York City yesterday to spotlight unexpected cleaning conversations among today’s modern families and the “transformative effect” SwifferMore »

NRF: Retail Sales to Accelerate in Second Half

NRF

WASHINGTON-U.S. retail sales will grow significantly in the second half of 2014 after a slow start to the year, according to a forecast from the National Retail Federation. After increasing by 2.9 percent in the first half, sales will grow by at least 3.9 percent in the second half, NRF said. Overall, 2014 retail salesMore »