News

HSNi Net Rises 3 Percent in Fourth Quarter

HSNi Net Rises 3 Percent in Fourth Quarter

ST. PETERSBURG, Fla.-With the company’s Cornerstone unit driving sales gains, fourth-quarter net income for HSNi rose 3 percent to $77.4 million. The Cornerstone business posted a net sales gain of 23 percent in the quarter, helping to boost HSNi’s overall net sales by 9 percent to $915.2 million. Mindy Grossman, HSNi’s chief executive officer, saidMore »

Johnston Appointed Senior V.P., Sales, at Meyer Corp., U.S.

Johnston Appointed Senior V.P., Sales, at Meyer Corp., U.S.

VALLEJO, Calif. -Darrin Johnston has been promoted to the newly created position of senior vice president of sales at Meyer Corp., U.S., for which he has sales responsibilities over all brands, including Circulon Anolon, BonJour, KitchenAid cookware, Rachael Ray, Farberware, Paula Deen and SilverStone. He will continue to report to the company’s managing director, JayMore »

7 W New York to Hold Designer Day at Architectural Digest Show

7 W New York to Hold Designer Day at Architectural Digest Show

NEW YORK-The 7 W New York showroom building has scheduled the Designer Day event for the Architectural Digest Home Design Show on March 17. The event will be co-sponsored with the building by the International Furnishings and Design Association’s New York chapter, the IFDA Educational Foundation and the National Kitchen & Bath Association. A panelMore »

Gift Fair Accepting Applications to Design-Focused Divisions

Gift Fair Accepting Applications to Design-Focused Divisions

WHITE PLAINS, N.Y.-The New York International Gift Fair is inviting designers, artists and manufacturers to apply for its design-focus divisions for the summer Gift Fair. Applicants for Accent on Design, A+: The Young Designers’ Platform at Accent on Design, Handmade Designer Maker and Handmade Global design can submit their applications to nyigf.com/apply. In a newMore »

Jaipur Founder Receives Ernst & Young Award

Jaipur Founder Receives Ernst & Young Award

NORCROSS, Ga.- NK Chaudhary, the founder of Jaipur rugs, was honored with a 2010 Ernst & Young Entrepreneur of the Year award at an event earlier this month in New Delhi, India. Honorees were recognized in nine categories, and Chaudhary won the award in the Start Up category. The annual Ernst & Young Entrepreneur ofMore »

Kindle Giveaway from Housewares Show

Kindle Giveaway from Housewares Show

CHICAGO-People who start following the International Home + Housewares Show (@HousewaresShow) on Twitter by Wednesday, March 2, will automatically be entered to win a Kindle. Current Twitter followers are already entered to win. And people who also “Like” the Housewares Show on its Facebook page will get an additional entry. The winner will be announcedMore »

D’Ambrosio Named Sears CEO; Company Net Falls 13 Percent in Q4

D’Ambrosio Named Sears CEO; Company Net Falls 13 Percent in Q4

HOFFMAN ESTATES, Ill.–Sears Holdings has appointed Lou D’Ambrosio president and chief executive officer, concluding a three-year search for a replacement for Aylwin Lewis, who left the company in February 2008. D’Ambrosio succeeds W. Bruce Johnson, who served as interim president and CEO beginning with Lewis’ departure. He had served as a consultant to Sears’ boardMore »

Target Net Up 11 Percent in Fourth Quarter

Target Net Up 11 Percent in Fourth Quarter

MINNEAPOLIS–Target ended its fiscal year on a supremely positive note, with an 11 percent booster to its bottom line for the fourth quarter and a 17 percent jump in net profit for the year. The mass-merchant retailer posted $1 billion in net income for the quarter, which ended on Jan. 29. Net sales rose 2.8More »