Author Archives: Home Furnishings News

Macy’s to Close Five Stores

Macy’s to Close Five Stores

CINCINNATI-Macy’s said it plans to close five stores as part of its effort to slim down on underperforming locations. The stores are located in Boise, Idaho; Waterford, Mich.; St. Ann, Mo.; Missoula, Mont., and Burlington, N.J. Terry Lundgren, Macy’s chairman, president and chief executive officer, said the decision to close stores often takes place dueMore »

Sharper Image Names Anthony to Lead Merchandising

Sharper Image Names Anthony to Lead Merchandising

FARMINGTON HILLS, Mich.–Camelot Venture Group, the license holders and operators of the Sharperimage.com e-commerce platform and catalog business has hired Mark Anthony as senior vice president and general merchandise manager. He will be responsible for developing, sourcing and merchandising products. Most recently, Anthony served as operational vice president/GMM at Brookstone where he oversaw all merchandisingMore »

Warren Shoulberg Video Blog: It’s a Walmart World

Warren Shoulberg Video Blog: It’s a Walmart World

BENTONVILLE, Ark.–Attention Walmart suppliers and competitors: You ain’t seen nothing yet. A new published report says the giant retailer is going to dramatically increase the amount of direct importing it does, going from less than 20 percent of all goods to as much as 80 percent over the next five years. Watch our new videoMore »

Sure Fit Acquired by Guardian Capital

Sure Fit Acquired by Guardian Capital

NEW YORK–Guardian Capital Partners, a Philadelphia-based private equity firm, has purchased Sure Fit from D.E. Shaw Group. Terms of the acquisition were not disclosed. According to a joint statement from Sure Fit and Guardian Capital, Wells Fargo Business Credit, Sure Fit’s senior lender, and Argosy Private Equity provided additional financing for the transaction. Hugh Rovit,More »

Greg Cairo Named Division President at Groupe SEB

Greg Cairo Named Division President at Groupe SEB

WEST ORANGE, N.J.–Greg Cairo has been named division president, Groupe SEB USA Core Business, succeeding Luc Gaudemard, who is becoming senior vice president, Groupe SEB Western and Southern Europe. Reporting to Marc Navarre, president and chief executive officer, Groupe SEB North America, Cairo will be responsible for the sales and marketing leadership of the company’sMore »

Christmas Week Sales Up 2.3 Percent

Christmas Week Sales Up 2.3 Percent

NEW YORK — The numbers starting to come in on the holiday shopping season continue to paint a stronger-than-expected picture. The International Council of Shopping Centers and Goldman Sachs Group said this morning that U.S. same store sales were up 2.3 percent for the week ended Dec. 26, which includes the build-up to the holidayMore »

Umbra Offers A $1 Credit For Facebook Fan Club Members

Umbra Offers A $1 Credit For Facebook Fan Club Members

TORONTO — In another new twist in building social networks, Umbra, the furnishings and decorative accessories company based here, is offering to give a $1 credit for its products to its customers who recommend friends to join Umbra’s Facebook fan club. The offer went out in a message to Umbra’s email list last week andMore »