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Messe Frankfurt: Ambiente Attendance Up

Messe Frankfurt: Ambiente Attendance Up

FRANKFURT, Germany–The Ambiente fair held here earlier this month welcomed more than 144,000 trade visitors, an increase of almost 10 percent over the previous edition, according to show owner and organizer Messe Frankfurt, which said the figure “exceeded expectations.” Thorsten Klapproth, chairman of the board of management of WMF AG, was one of many exhibitorsMore »

Call for New Product Information for High Point Market

Call for New Product Information for High Point Market

NEW YORK–HFN is preparing its coverage of April’s High Point Market. Exhibitors are invited to submit information and high-resolution images of products that they plan to highlight this market for possible inclusion. Furniture manufacturers should submit their information to Duke Ratliff at dratliff@hfnmag.com. Submissions for floor covering and lighting products should go to Andrea LilloMore »

Walmart Net Up 4.3 Percent in Fourth Quarter

Walmart Net Up 4.3 Percent in Fourth Quarter

BENTONVILLE, Ark.–Walmart posted a 4.3 percent gain in net income, to $5 billion, in its fiscal fourth quarter ending Jan. 31. An 8.9 percent gain in international sales drove Walmart’s total net sales to $115.6 billion for the quarter, an increase of 2.5 percent. Net sales in the company’s U.S. stores fell 0.5 percent inMore »

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 »