News

EveryWare Reports $26.9 Million Loss in Q2

EveryWare Global

LANCASTER, Ohio-Rising costs on a variety of levels deepened the red ink for EveryWare Global in its fiscal second quarter. The company posted a net loss of $26.9 million, compared to a second-quarter net loss of $2.2 million last year. Gross margin in the quarter, which ended on June 30, plummeted by 1,624 basis pointsMore »

Spectrum Brands Hires Martin as CFO

Douglas Martin

MIDDLETON, Wis.-Douglas L. Martin will join Spectrum Brands Holdings as executive vice president and chief financial officer on Sept. 1. Martin will succeed Tony Genito, who announced in April that he would leave Spectrum Brands by the end of this year to return with his family to the Southeast. Martin comes to the company, theMore »

Walmart Q2 Net Up 0.6 Percent as Sales Gain

Walmart

BENTONVILLE, Ark.-A modest gain in sales helped Walmart to an even more modest 0.6 percent increase in its second-quarter net income, which totaled $119.3 billion. Net sales in the quarter, which ended on July 31, reached $119.3 billion, which included flat same-store sales from both Walmart’s U.S. stores and from Sam’s Club warehouses. In addition,More »

Kohl’s Q2 Net Edges Up 0.4 Percent

Kohl’s

MENOMONEE FALLS, Wis.-Although sales trended somewhat downward, Kohl’s posted second-quarter net income of $232 million, up a slight 0.4 percent from the second quarter of last year. Net sales in the quarter, which ended on Aug. 2, were down 1.1 percent to $4.2 billion, which included a same-store sales decrease of 1.3 percent. Kevin Mansell,More »

Belk Ups Clevenger, Luoma

Jan Clevenger

CHARLOTTE, N.C.-Belk Inc. has promoted Jan Clevenger to executive vice president and general merchandise manager of men’s, home and kids, and has named David Luoma as chair of its Belk Western Division. The promotion of Clevenger puts her in charge of merchandising for those three areas, and she reports to David Zant, recently named presidentMore »

Casual Furniture Roundtable Scheduled

ICFA

CHICAGO–The International Casual Furnishings Association will host its second-annual Industry Roundtable at the Merchandise Mart from 1:30 to 6 p.m. on Sept. 15–the day prior to the opening of the International Casual Furniture and Accessories Market here. The event will include roundtable discussions of topics, including promotions, inventory management, motivating employees, controlling costs, selling onMore »

Dollar General Names Harvard’s Price to Board

Paula Price

GOODLETTSVILLE, Tenn.-Paula Price, senior lecturer at Harvard Business School, has been appointed to Dollar General’s board of directors, effective Aug. 26. Price’s election brings the number of Dollar General board members to eight. She will serve on the board’s audit committee. Price has been senior lecturer at Harvard Business School since last month. Prior toMore »