News

Consumer Confidence Index Reaches Highest Level in Three Years

Consumer Confidence Index Reaches Highest Level in Three Years

NEW YORK–The consumer confidence index finished February at 70.4, its highest reading since February 2008 and up 5.6 points from the January level. Consumers’ increasing optimism about the short-term future helped drive the indicator this month, according to Lynn Franco, director of the Consumer Research Center at The Conference Board, which provides the monthly index.More »

Dollar Tree Boosts Fourth-Quarter Net by 20 Percent

Dollar Tree Boosts Fourth-Quarter Net by 20 Percent

CHESAPEAKE, Va.–Fourth-quarter net income for Dollar Tree finished at $162.5 million, 20 percent ahead of the bottom line for last year’s fourth quarter. The results wrapped up a fiscal year in which the discount retailer set records for both sales and earnings for both the quarter and the year as a whole. Net sales forMore »

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 »