News

Sales in Home Retail Channels Fall in February

Sales in Home Retail Channels Fall in February

WASHINGTON-While February was an upbeat month for U.S. retailers as a whole, the furniture and home-furnishings sector registered a down month. Sales at furniture and home-furnishings stores were off 0.8 percent from January and fell four percent from February of last year, totaling $7.4 billion on an adjusted basis, according to figures released this morningMore »

Robb & Stucky Going-Out-of-Business Sale Starts Today

Robb & Stucky Going-Out-of-Business Sale Starts Today

FORT MYERS, Fla.-After more than 95 years in business, Robb & Stucky will conduct a court-ordered bankruptcy liquidation sale beginning today at all 20 of its stores. Inventory at the stores, located in Florida, Texas, Arizona and Nevada, is valued at approximately $90 million, and will be completely liquidated at significant discounts, according to theMore »

Family Dollar Promotes Burt, Styka to New Finance Posts

Family Dollar Promotes Burt, Styka to New Finance Posts

MATTHEWS, N.C.-Family Dollar has elevated Steven Burt and David Styka to newly created positions in its finance department. Burt, divisional vice president-treasury, has been named vice president and treasurer. Styka, divisional vice president-tax, has been appointed vice president of finance. Both executives report to Ken Smith, senior vice president and chief financial officer. Burt hasMore »

Comfort Revolution Gains License for Izod Sleep Products

Comfort Revolution Gains License for Izod Sleep Products

NEW YORK-Comfort Revolution, the sleep-products company recently founded by industry veteran Michael Fux, has reached an agreement with Izod for a line of mattresses, mattress toppers, bed pillows and stadium cushions. The line will include products made with both memory foam and gel, two staples of Fux’s products when he was chief executive of SleepMore »

Protect-A-Bed Takes New Show Space

Protect-A-Bed Takes New Show Space

NEW YORK-Protect-A-Bed has moved to a new showroom, in which it will be located for next week’s New York Home Fashions Market. The new space is in room 916 of 230 Fifth Ave., and is larger than the company’s previous space in room 1505 of the same building. Alan Eisenberg, Protect-A-Bed’s senior vice president ofMore »

High Point Bowling Night Sponsored by IHFC, ART and HFIA

High Point Bowling Night Sponsored by IHFC, ART and HFIA

HIGH POINT, N.C.-The International Home Furnishings Center, the Accessories Resource Team and the Home Furnishings Independents Association are sponsoring another bowling night during High Point Market next month. Scheduled for Monday, April 4, at the High Point Bowling Center on West Fairfield Road, the event will include dinner, bowling and a chance to unwind fromMore »

Stein Mart Net Jumps 586 Percent in Fourth Quarter

Stein Mart Net Jumps 586 Percent in Fourth Quarter

JACKSONVILLE, Fla.–A streamlining of the cost structure and improved inventory management helped Stein Mart to a dramatic 586 percent pickup in fourth-quarter net income, to $18.8 million. The department-store retailer managed this despite a 1.5 percent drop in fourth-quarter net sales to $336.7 million. It slimmed selling, general and administrative expenses by 11.5 percent inMore »

Shopko Updates E-Commerce Site

Shopko Updates E-Commerce Site

GREEN BAY, Wis.–Shopko has renovated its e-commerce site, shopko.com, to enhance the online shopping experience, including an improved layout, design and navigation; updated product search capabilities; and user-friendly viewing from PCs, laptops, tablet and mobile devices. “The initial feedback we’ve received from our customers on these improvements has been fantastic,” said Mike Sidders, vice presidentMore »