MATTHEWS, N.C.–Same-store sales for Family Dollar rose 5.1 percent in its fiscal second quarter, which ended Feb. 26. A statement from the discount retailer said a strong February, which delivered springlike weather in many of its locations, helped offset a January in which sales took a hit from the winter storms throughout the nation. Consumables … More »
NEW YORK–Marc Navarre has been named the president and chief executive officer of Croscill, Glenoit and Excell. Most recently, Navarre was the president and CEO of Groupe SEB, North America, where he oversaw the management of housewares brands such as All-Clad, T-Fal, WearEver, Rowenta, Moulinex and Krups. Previously, Navarre served as the president and CEO … More »
NEW YORK–With the start of New York Home Fashions Market, International Textile Manufacturing will host an open house tonight in its new showroom at 230 Fifth Avenue. Beginning at 7 p.m. in suite 511, the party will include cocktails and munchies.
WHITE PLAINS, N.Y.–A panel of industry experts will discuss the state of American design at the Surtex trade show in May. The session will take place on May 17 as part of the Design Forum breakfast at the Jacob K. Javits Convention Center in New York City. The panel includes David Bolotsky, founder and CEO … More »
WHITE PLAINS, N.Y.–The New York International Gift Fair will present a series of “Market Readiness” webinars for exhibitors at the summer Gift Fair. Beginning in May, the webinars will address topics such as marketing and selling strategies, trade-show operations and lead follow-up. The series will be produced jointly by NYIGF and Right Angle Strategies, a … More »
BENTONVILLE, Ark.-Walmart will debut new, smaller-format stores in the United States, which will be called Walmart Express. Speaking at yesterday’s Bank of America Merrill Lynch Consumer Conference, Bill Simon, president and chief executive officer of Walmart U.S., said the new Walmart Express format will measure roughly 15,000 square feet. The company is still developing the … More »
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 morning … More »
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 the … More »