Author Archives: Home Furnishings News

Walmart Boosts Bottom Line to New Record in First Quarter

Walmart Boosts Bottom Line to New Record in First Quarter

BENTONVILLE, Ark.–Walmart posted net income of $3.3 billion in the first quarter, up nearly 10 percent over last year’s first quarter and a new record for the period. The world’s largest retailer also set a new mark for first-quarter net sales, which totaled $99.1 billion and which rose 6 percent over last year. The keyMore »

TJX Net Up 58 Percent in First Quarter

TJX Net Up 58 Percent in First Quarter

FRAMINGHAM, Mass.–First-quarter net income for The TJX Cos. ballooned by 58.4 percent to $331.4 million. The driver in this bottom-line explosion was the company’s 15 percent pickup in net sales, which finished the quarter at $5 billion and which included a 9 percent gain in same-store sales. In its statement on the first quarter, TJXMore »

Surtex Mood on Upswing as Exhibitors Look Ahead

Surtex Mood on Upswing as Exhibitors Look Ahead

NEW YORK–Exhibitors at this week’s Surtex show here said the business of licensing art should pick up momentum through the rest of this year, and identified home furnishings as a particularly promising opportunity for licensed art. The level of attendee traffic at the show is one reason to feel upbeat, according to Mark Fisher, consultantMore »