News

Target Q2 Net Falls 61.7 Percent

Target, Facebook Align for Cartwheel App

MINNEAPOLIS-Target’s second-quarter net income plummeted by 61.7 percent to $234 million, as the retailer continues to struggle with its operations and the expenses related to the breach of data from shoppers’ payment cards which occurred in December. During the quarter, which ended on Aug. 2, Target incurred breach-related expenses of $148 million, including an increaseMore »

Lowe’s Q2 Net Up 10.4 Percent

lowe's

MOORESVILLE, N.C.-With home improvement continuing its upward trend, Lowe’s logged a 10.4 percent jump in second-quarter net income, which totaled $1 billion. Net sales in the quarter, which ended on Aug. 1, rose 5.7 percent to $16.6 billion, including a pickup of 4.4 percent in same-store sales. Along with the ongoing strength in home improvementMore »

La-Z-Boy Net Climbs 36.4 Percent in Q1

La-Z-Boy

MONROE, Mich.-Thanks to upward moves in both sales and margins, La-Z-Boy posted a 36.5 percent increase in net income, to $13.1 million, in its fiscal first quarter ending on July 26. Net sales gained 7 percent to $327 million, fueled by sales increases in both its wholesale and retail segments. In the wholesale segment, salesMore »

Flexsteel Net Jumps 32.8 Percent for Q4

Flexstee

DUBUQUE, Iowa-Flexsteel Industries concluded its fiscal year on June 30 on a strongly positive note with a 32.8 percent gain in fourth-quarter net income, to $5.6 million. For the full fiscal year, net income totaled $15 million, up 14 percent from the previous year. Net sales in the quarter rose 8.9 percent to $111.1 million,More »

NY Now Accent Exhibitors Honored

Balloon Vases by Elyse Graham

NEW YORK–Four companies—Areaware, Elyse Graham, fferrone design and Leibal—received Accent on Design awards at NY Now in recognition of product design excellence, innovation and creativity. Two awards were presented for Excellence in Product Design, one was presented to a Rising Star and the fourth for Best Collection. Areaware received the Excellence in Product Design awardMore »

Softline to Give Sneak Preview to Josh Johnson Line at Emmys

Josh Johnson

GARDENA, Calif.-Softline Home Fashions and HGTV star Josh Johnson will provide an exclusive look at the company’s Josh Johnson Home for Softline collection at the Emmy Awards on Aug. 25. The preview will take place at the Backstage Creations Giving Suite, and Emmy presenters and performers who visit the suite will receive a personalized decorativeMore »

Blog: What’s Happening at NY Now

Sus

NEW YORK–A positive vibe is running through the Jacob K. Javits Center here, where NY Now is taking place this week. Etsy is debuting Etsy Wholesale, its new online wholesale division that launched earlier this month, and about 20 manufacturers in the program are highlighted along the corridor leading to the Handmade Designer Maker areaMore »

Home Depot Posts 14.2 Percent Gain in Q2 Net

Home Depot

ATLANTA-A better sales performance and discipline in cost control brought The Home Depot a 14.2 percent increase in second-quarter net income, which totaled $2 billion. Net sales in the quarter, which ended on Aug. 3, were $23.8 billion, up 5.7 percent from last year’s second quarter, and including a pickup of 5.8 percent in same-storeMore »