News

Walmart to Host Second U.S. Manufacturing Summit

Walmart

BENTONVILLE, Ark.-Walmart will hold a second summit on U.S. manufacturing on Aug. 14-15 in Denver. In January 2013, the retailer said its goal is to purchase $50 billion more of U.S.-made products over the next decade. The retailer held its first U.S. manufacturing summit in August of last year in Orlando, Fla., hosting almost 1,500More »

Target Data-Breach Expenses Expected to Total $148 Million in Q2

Target

MINNEAPOLIS-In a preliminary statement about its second-quarter financial results, Target said it expects those results to include gross expenses of $148 million related to the December 2013 breach of data about shoppers’ payment cards and other information. These costs will be partially offset by a $38 million insurance receivable, also related to the data breach,More »

Lifetime Brands Q2 Net Loss Hits $3.2 Million

Lifetime Brands

GARDEN CITY, N.Y.-Lower gross margin and increased expenses led Lifetime Brands to a second-quarter net loss of $3.2 million, compared to a net loss of $568,000 in the second quarter of last year. Gross margin in the quarter, which ended on June 30, was down 207 basis points to 35.42 percent—the result, according to LifetimeMore »

F.J. Kashanian to Exhibit at NY Now

F.J. Kashanian

NEW YORK–F.J. Kashanian will exhibit at NY Now for the first time. The gift show will be held from August 16-20 at the Jacob K. Javits Convention Center. F.J. Kashanian will show in booth #1675 on level three. “We actually have had many of our furniture and design customers tell us that the NY NowMore »

Wayfair Among Fastest-Growing Retailers on Stores List

Wayfair.com

WASHINGTON-Online home retailer Wayfair finished number two on Stores magazine’s 2014 list of the nation’s fastest-growing retailers. The company’s sales for 2013, which totaled $915 million, were 52.5 percent ahead of its sales for 2012, according to the list compiled by the magazine, which is a publication of the National Retail Federation. Finishing fourth onMore »

Target Opens Three New Stores in Canada

Target

MISSISSAUGA, Ontario-Target has opened three new stores in Canada, located in Erin Mills Town Centre here; Park Place in Barrie, Ontario; and Carrefour Candiac in Candiac, Quebec. The grand openings for the new sites took place last Friday, Aug. 1. Each store carries an extensive range of Target-owned and exclusive brands, along with limited-time collaborationsMore »

Las Vegas Winners Announced

IMC

LAS VEGAS–Eighteen people have received hotel and hospitality prizes in conjunction with Las Vegas Market, part of an inaugural “Block the Book” promotion sponsored by International Market Centers and Connections Housing last month. “Las Vegas Market continues to enhance market amenities and our ‘Book The Block’ campaign is proving to be an extremely fun andMore »