News

Swiss Diamond Launches U.S. Division; Global Marketing to Rep Woll

Swiss Diamond Launches U.S. Division; Global Marketing to Rep Woll

CHARLOTTE, N.C.–Diamond-reinforced non-stick cookware company Swiss Diamond Intl. Sarl has opened a U.S. division, called Swiss Gourmet USA Inc., to handle its business in the U.S., Canada and South America. Mark Harris, a well-established executive who has held positions with Smith Abrasives, WMF Americas, Kaiser Bakeware and Berndes, has been named president of the newMore »

Emeril Extends Reach at Housewares Show

Emeril Extends Reach at Housewares Show

CHICAGO–Chef Emeril Lagasse has re-emerged on the housewares scene through three new licensing partnerships and products that will debut at the International Home + Housewares Show here next month. Emeril will extend into cutlery with Sterling Home, grills with Viking Culinary Group and outdoor tabletop serveware and kitchen prep products with Zak Designs. New productsMore »

American Textiles Company Names Ruttenberg President

American Textiles Company Names Ruttenberg President

PITTSBURGH–American Textile Company has named chief operating officer Lance Ruttenberg president, part of what the basic bedding company referred to as “a strategic leadership plan” that has been in place for several years. Jack Ouellette will continue to serve as chief executive officer. “The move demonstrates the confidence we have in ATC’s performance under Lance’sMore »

Dallas Market Center Launches New Website

Dallas Market Center Launches New Website

DALLAS–The website of Dallas Market Center — dallasmarketcenter.com — has relaunched with a fresh look and improved site features for a better user experience. The easy-to-navigate homepage showcases links to Our Markets, Our Products, Hotel & Travel, Leasing Center and other Quick Links, much of which is accessible within one click. More content is availableMore »

TJX Net Falls 15 Percent in Fourth Quarter

TJX Net Falls 15 Percent in Fourth Quarter

FRAMINGHAM, Mass.–Rising expenses hurt the bottom line of The TJX Cos. in the fourth quarter, to the tune of a 15 percent decrease in net income to $334.4 million. The off-price retail company saw its selling, general and administrative expenses jump 20 percent in dollars and 192 basis points as a percentage of sales, toMore »

Lowe’s Net Balloons 39 Percent in Fourth Quarter

Lowe’s Net Balloons 39 Percent in Fourth Quarter

MOORESVILLE, N.C.–Stringent expense controls fueled a 39 percent gain in net income for Lowe’s in its fourth quarter, to $285 million. Selling, general and administrative expenses for the quarter, which ended on Jan. 28, were virtually flat on a dollar basis and dropped 65 basis points as a percentage of sales, to 26.6 percent. Also,More »

Fourth-Quarter Net Jumps 38 Percent for Dillard’s

Fourth-Quarter Net Jumps 38 Percent for Dillard’s

LITTLE ROCK, Ark.–Thanks to strong controls over expenses and inventory, Dillard’s finished its fiscal year with a 38 percent gain in net income in its fourth quarter, to $109.6 million. The department-store retailer kept selling, general and administrative expenses under wraps. In dollars, SG&A increased by just 2.4 percent, and as a percentage of sales,More »