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Blog: Gambling on New in Las Vegas

Blog: Gambling on New in Las Vegas

FROM THE MARKET–The home furnishings industry’s trade show tour continues today at the World Market Center for the World  Market. The mood for the opening day of the show appears to be a continuation of the optimism found at last week’s Dallas Total Home & Gift Market; and in Atlanta the previous week for theMore »

J.C. Penney to Close Underperforming Stores, Catalog

J.C. Penney to Close Underperforming Stores, Catalog

PLANO, Texas–J.C. Penney will close five underperforming stores, “wind down” its catalog and outlet operations and streamline both its call center operations and custom decorating business in an effort to focus on growth opportunities in the future, the company said this morning. “We are focused on increasing profitability and accelerating our growth,” said Myron E.More »

CVS Names Merlo CEO

CVS Names Merlo CEO

WOONSOCKET, R.I.–Larry Merlo, president and chief operating officer of CVS Caremark, will assume the role of chief executive officer, effective March 1, 2011, the company said this morning. Thomas M. Ryan will remain non-executive chairman until his retirement this May. “Since we announced our transition plan in May of last year Larry and I haveMore »

Kathy Ireland, Martin Furniture Extend Partnership

Kathy Ireland, Martin Furniture Extend Partnership

SAN DIEGO–kathy ireland Worldwide and Martin Furniture have extended their partnership to create home office and entertainment furniture through 2015. The two companies will renew and expand the kathy ireland Home by Martin collection this year, according to a statement from Martin Home Furnishings. “Gil Martin is an extraordinary leader who has brought kathy irelandMore »

Blog: The Beatles, Dichroic Coatings, and Made in America Products: All in a Day’s Work in Dallas

Blog: The Beatles, Dichroic Coatings, and Made in America Products: All in a Day’s Work in Dallas

DALLAS-The Dallas International Lighting Market enters its second day, with plenty of products and announcements along with it. After their recent availability on iTunes, the Beatles continue to make news, as Stylecraft has just gained the license for framed art for the Fab Four. The initial 12 items includes album covers such as Abbey RoadMore »

Retailers Set for Expansion in 2011, Says NRF-KPMG Report

Retailers Set for Expansion in 2011, Says NRF-KPMG Report

WASHINGTON—U.S. retailers will make 2011 a year of expansion in their store counts both domestically and overseas, according to a report from the National Retail Federation’s NRF Foundation and KPMG, the tax, audit and advisory firm. In the report’s survey of 318 retail executives, 41 percent of the participants said they plan to expand inMore »

Tempur-Pedic Net Climbs 59 Percent in Q4

Tempur-Pedic Net Climbs 59 Percent in Q4

LEXINGTON, Ky.—Tempur-Pedic’s fiscal year closed with a powerful fourth-quarter performance, with net income jumping 59 percent to $46.3 million. The mattress manufacturer benefited from improvements in sales and gross margin in the final quarter of 2010, which ended on Dec. 31, 2010. Net sales rose 20 percent to $292.7 million, fueled by a 32 percentMore »

Calvin Klein Home to Debut Spring Rug Collection

Calvin Klein Home to Debut Spring Rug Collection

NEW YORK—Calvin Klein Home is readying the launch of multiple new collections of rugs for this spring, created by Nourison, the brand’s licensee. The introduction encompasses seven collections with a total of 17 new rug styles. The Canyon collection is made with cut-pile viscose merged with flat suede leather. The Shetland collection presents the lookMore »