News

Mac Hoak of Mecox to Receive ARTS Awards Academy of Achievement Honor

Mac Hoak

DALLAS–Mac Hoak, founder and owner of Mecox, will receive the prestigious Academy of Achievement honor at the 26th annual International ARTS Awards next January. Organized by Dallas Market Center and the Accessories Resource Team, the ARTS Awards are presented annually at the Dallas Total Home & Gift Market. The Academy of Achievement honor is awardedMore »

NY Now: HFN Video Report

NY Now

NEW YORK-NY Now gets underway here this weekend with thousands of new products on display. Click here for a video preview. http://www.hfnmag.com/videos/ny-now-hfn-video-report/

Frieling USA Names Chad Price Vice President, Sales & Marketing

Chad Price

FORT MILL, S.C.–Chad Price has joined Frieling USA as vice president, sales and marketing, a new position created to accelerate the expansion of the company’s sales and support, the company said. He is tasked with managing the sales force and increasing sales and distribution of the company’s gourmet kitchenware and tabletop lines. He reports toMore »

Keurig Hikes Portion Pack Prices

Keurig Green Mountain

WATERBURY, Vt.-Keurig Green Mountain has instituted a 9 percent increase in the prices of all portion packs it sells for use in Keurig brewing systems, effective Nov. 3. According to a company statement, the increase is a direct response to several factors that have affected costs of coffee and consumer packaged goods. These include aMore »

Electrolux, GE in Talks for GE Majap Business

Electrolux

STOCKHOLM-Electrolux and General Electric are in discussions regarding a possible acquisition of GE’s major appliances business, according to statements from both parties. The Electrolux statement said that, while confirming the talks are taking place, no agreement has been reached yet and “there can be no assurances that an agreement will be reached. Any further announcementsMore »

Macy’s Net Rises 3.9 Percent in Q2

Macy’s

CINCINNATI-With sales trending up thanks to a rebound in traffic after a difficult winter, Macy’s second-quarter net income increased 3.9 percent to $292 million. Net sales in the quarter, which ended on Aug. 2, were up 3.3 percent to $6.3 billion, including a pickup of 4 percent in same-store sales. Terry Lundgren, Macy’s chairman andMore »

Target Canada to Broaden Home Assortment, Adds Execs

Target Canada

MISSISSAUGA, Ontario-As part of a broad package of initiatives to improve its overall business performance, Target Canada is planning several additions to its home merchandise assortment. At the same time, Target Canada has added John Butcher as senior vice president of merchandising and Janna Adair-Potts as senior vice president of stores and distribution. The companyMore »

Crown Crafts Q1 Net Falls 14.5 Percent

Crown Crafts

GONZALES, La.-Emerging from what historically is its slowest quarter of the year, Crown Crafts posted first-quarter net income of $703,000, down 14.5 percent from the first quarter of last year. Net sales in the quarter, which ended on June 29, fell 5.5 percent to $15.7 million. Gross margin edged up 20 basis points to 27.3More »