Author Archives: Home Furnishings News

LG Debuts Vacuums in U.S. Market

LG Debuts Vacuums in U.S. Market

NEW YORK–LG has officially launched its first line of vacuum cleaners for the U.S. market. The new vacuums incorporate the trademarked DualForce suction (two additional air pathways that pick up from both sides of the vacuum head), Kompressor technology (a motorized compression system) and a larger dust bin—features that combine to pick up dirt andMore »

Target Launches Liberty of London Line

Target Launches Liberty of London Line

MINNEAPOLIS–Next month, Target will launch its newest licensed line—Liberty of London for Target—which also marks the first time a Target collection has spanned so many categories, including home and gardening items, plus fashion and accessories for women, men, children and babies. Evoking the long English heritage of bold patterns and florals for which Liberty ofMore »

Retailers Present Strong Fourth-Quarter Numbers

Retailers Present Strong Fourth-Quarter Numbers

NEW YORK–Major U.S. retailers including Sears, Target, Macy’s and Home Depot reported strong fourth quarter results this morning. Sears posted a whopping 126 percent increase in fourth-quarter net income, to $430 million, while Target’s net profit improved by 54 percent to 936 million. Both Home Depot and Macy’s transformed red numbers into black in theirMore »

Lowe’s Net Jumps 26.5 Percent in Fourth Quarter

Lowe’s Net Jumps 26.5 Percent in Fourth Quarter

MOORESVILLE, N.C.–Fourth-quarter net income for Lowe’s registered at $205 million, 26.5 percent ahead of last year’s fourth-quarter profit. Net sales edged up 1.8 percent to $10.2 billion in the quarter, and gross margin improved by 122 basis points. These items helped offset a 4 percent gain in total expenses. For the full fiscal year, Lowe’sMore »

Container Store’s Tindell to Keynote Housewares Show

Container Store’s Tindell to Keynote Housewares Show

ROSEMONT, Ill.–Kip Tindell, chairman and chief executive officer of The Container Store, will deliver the keynote address at the upcoming International Home & Housewares Show. Tindell will speak on “The Value of an Employee-First Culture During Tough Times.” His talk will begin at noon on Sunday, March 14, the opening day of the show, inMore »

J.C. Penney Net Falls 5.2 Percent in Fourth Quarter

J.C. Penney Net Falls 5.2 Percent in Fourth Quarter

PLANO, Texas–Fourth-quarter net income for J.C. Penney totaled $200 million, 5.2 percent less than one year ago. The department-store retailer saw its bottom line decline due to a 3.6 percent drop in net sales, which totaled $5.6 billion in the quarter and which included a 4.5 percent fall in same-store sales; and an 8.2 percentMore »

Libbey’s Gotthart Skeldon Dies

Libbey’s Gotthart Skeldon Dies

NEW YORK–Gretchen Gotthart Skeldon, a 22-year veteran at Libbey, passed away from breast cancer yesterday, the company announced. She was 47 years old and had battled the disease for years. She had held numerous titles over the years at Libbey. Most recently, she was the national retail sales manager. Known as the “Princess of Glass,”More »