News

Family Dollar to Go with Dollar Tree, Turns Down Dollar General

Family Dollar

MATTHEWS, N.C.-Citing antitrust issues, Family Dollar’s board of directors has unanimously rejected Dollar General’s bid to acquire its dollar-store rival, three days after Dollar General made the proposal. On Aug. 18, Dollar General announced its all-cash bid of about $9.7 billion to purchase Family Dollar. In today’s statement, the Family Dollar board unanimously reaffirmed itsMore »

Sears’ Red Ink Grows in Q2

Sears Holdings

HOFFMAN ESTATES, Ill.-Sears Holdings reported a net loss of $573 million in its fiscal second quarter, compared to a net loss of $194 million in the second quarter of last year. Edward Lampert, the company’s chairman and CEO, termed the bottom-line performance “unacceptable” and said the company is taking steps to address the results. “ThisMore »

Bon-Ton Narrows Q2 Loss

Bon-Ton

YORK, Pa.-The Bon-Ton Stores reported a second-quarter net loss of $36.2 million, compared to a net loss of $37.3 million in the second quarter of last year. Net sales for the regional department-store chain were up 1.1 percent to $563.5 million, including a gain of 1.6 percent in same-store sales. Brendan Hoffman, Bon-Ton’s outgoing presidentMore »

Kirkland’s Q2 Loss Widens; Madden to Succeed Alderson as CEO

Kirklands2013

NASHVILLE, Tenn.-Kirkland’s second-quarter net loss rose from $577,000 last year to $1.1 million this year, in spite of a gain in sales. The retailer also announced several management moves, including the promotion of W. Michael Madden, senior vice president and chief financial officer, to president and chief operating officer. Madden has also been slated toMore »

NY Now Names Best of Best

NY Now

NEW YORK–Two products–Define Bottle by Define Bottle and Pop up House Fort by nhocchi–were named Best of Home and Best of Lifestyle award winners in connection with NY Now, which wrapped up here yesterday. “NY Now presents thousands of new, innovative, on-trend home and lifestyle resources, and these two products have been selected by popularMore »

Bienvenue Promoted at Trudeau

Yanick Bienvenue

MONTREAL–Trudeau veteran Yanick Bienvenue has been named to the new position of director of product development for all housewares products at Trudeau, leading the housewares team. He will also retain his current responsibilities as segment leader for food preparation. Continuing to report to Philippe Trudeau, president, Bienvenue has been at the company for 15 years.More »

Big Ass Fans Integrates with Nest Learning Thermostat

The Haiku fan

LEXINGTON, Ky.-Big Ass Fans said its newest residential fan, the Haiku with SenseME, can now work with the Nest Learning Thermostat to help reduce home air-conditioning costs. According to a statement from Big Ass Fans, the air movement created by the Haiku fan can make people feel several degrees cooler than the actual temperature inMore »

Hall Named Gordmans’ President, CEO

Andrew Hall

OMAHA, Neb.-Gordmans Stores has appointed Andrew T. Hall president and CEO, effective yesterday. Hall has succeeded T. Scott King, Gordmans’ chairman, who served as interim CEO since March. King took the interim CEO post on the retirement of Jeff Gordman, who had been president and CEO since 1996. Hall was president and CEO of StageMore »