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NRF: U.S. Retail Sales to Rise 4 Percent in 2011

NRF: U.S. Retail Sales to Rise 4 Percent in 2011

WASHINGTON–U.S. retail sales are expected to increase by four percent in 2011, according to a forecast from the National Retail Federation. NRF based its prediction on several positive developments, including seven consecutive months of retail-sales growth and better-than-expected results from the 2010 holiday shopping season. The association added that other factors—including small businesses holding backMore »

Macy’s Net Jumps 50 Percent in Fourth Quarter

Macy’s Net Jumps 50 Percent in Fourth Quarter

CINCINNATI–On the back of what the company described as a “successful” holiday shopping season, Macy’s firmed its bottom line by 50 percent in its fiscal fourth quarter, to $667 million. Net sales increased by 5.4 percent to $8.3 billion in the quarter, which ended Jan. 29. This included a comparable-store sales rise of 4.3 percent.More »

Home Depot Net Rises 72 Percent in Q4

Home Depot Net Rises 72 Percent in Q4

ATLANTA–The fiscal year came to a happy end for The Home Depot, with net income jumping 72 percent to $587 million. Net sales for the quarter, which ended Jan. 30, edged up 3.8 percent to $15.1 billion. However, Home Depot was able to trim operating expenses by 1.9 percent on a dollar basis and 161More »

New Logo for J.C. Penney

New Logo for J.C. Penney

PLANO, Texas–J.C. Penney has created a new, modern logo, its first meaningful logo update in 40 years, according to the company. The J.C. Penney logo puts greater visual emphasis on a new, lowercase “jcp” by positioning it slightly off-centered in a red box while still featuring the company’s signature red color and Helvetica font. TheMore »

Epilady Turns 25, Expands U.S. Product Line

Epilady Turns 25, Expands U.S. Product Line

HOUSTON–Celebrating its 25th anniversary in business, Epilady will enter new product categories in the U.S. market at next month’s International Home + Housewares Show. Already an established player in epilators, the company will present a line of Epilady-branded hair-care products at the show, encompassing two hair dryers and two straighteners. Epilady has already been marketingMore »

Target to Open Small-Format Store in Chicago

Target to Open Small-Format Store in Chicago

MINNEAPOLIS–Target will open its first smaller-format store in Chicago next year. The store will be sited in Sullivan Center, the restored Carson Pirie Scott building, at the corner of South State Street and Madison Street East. The retailer said this store and its other smaller-format locations to be opened throughout the nation will be namedMore »

Trump Home Partners with Kassatex on Bath Line

Trump Home Partners with Kassatex on Bath Line

NEW YORK–The Trump Organization and Kassatex have reached an agreement to produce a collection of bath products under the Trump Home brand. The line will debut at next month’s New York Home Fashions Market. It will include bath towels, bath accessories, bath rugs and shower curtains. The initial offerings will come in four design groupsMore »

Jarden Net Jumps 379 Percent in Fourth Quarter

Jarden Net Jumps 379 Percent in Fourth Quarter

RYE, N.Y.–In what the company described as record results for the fourth quarter and full year, Jarden reported net income in the final 2010 quarter of $46.7 million, up 379 percent over the fourth quarter of 2009. Last year’s fourth-quarter bottom line included a charge for costs related to a company reorganization and to theMore »