News

Leggett & Platt Posts Q2 Loss of $23.9 Million

Leggett & Platt

CARTHAGE, Mo.-A one-time charge of $108 million put Leggett & Platt’s second-quarter bottom line in the red to the tune of $23.9 million. Last year, the company posted second-quarter net income of $71.3 million. The company recorded the pre-tax, non-cash impairment charge to write off all of the goodwill associated with its Store Fixtures group.More »

NY Now “Made in the USA” Display to Spotlight 314 Products

NY Now

WHITE PLAINS, N.Y.-A record 314 products will be showcased in NY Now’s “Made in the USA” exhibit when the trade show takes place next month. Curated by designer Paul Thompson, the exhibit will feature a cross-category assortment of handmade and factory produced products. Merchandise in the display will represent all four NY Now collections. NearlyMore »

Foran to Succeed Simon as Walmart U.S. Chief

Greg Foran

BENTONVILLE, Ark.-Greg Foran has been promoted to president and CEO of Walmart U.S. Foran will succeed Bill Simon, who had been in this role since June 2010. Foran, who had been named president and CEO of Walmart Asia earlier this year, will report to Doug McMillon, the parent company’s president and CEO. He starts inMore »

Ethan Allen Doubles Q4 Net; FY Net Rises 32.2 Percent

Ethan Allen

DANBURY, Conn.-Sales gains in both of its divisions and controlled expenses helped Ethan Allen to a 108.5 percent jump in fourth-quarter net income, to $17.1 million. For the fiscal year ending on June 30, the company posted a net-income gain of 32.2 percent to $42.9 million. Net sales in the quarter climbed 9.1 percent toMore »

Jarden Q2 Net Falls 31.8 Percent in Spite of Record Sales

Jarden

MIAMI-Increased expenses and a loss on the early extinguishment of debt offset a record sales performance to send Jarden’s second-quarter net income into a 31.8 percent plunge, to $52.1 million. Selling, general and administrative expenses were up 23 percent in dollars and 181 basis points as a percentage of sales from the second quarter ofMore »

Food for Thought

Oggi

Health has become a prime driver in purchases of food-storage products By David Gill In choosing food-storage products, consumers are voting (with their dollars) for options that are healthy, according to marketers of these products on both the vendor and retail sides. By “healthy,” the marketers mean products that use materials other than plastics, suchMore »

Now Takes Manhattan

Mari et Terra

Celebrating the first anniversary of its new format, NY Now is ready for business this month By David Gill One year ago, the New York International Gift Fair officially transformed into NY Now, the Market for Home + Lifestyle. This month’s anniversary show is on track to continue the momentum generated by both the firstMore »