News

NYIGF Enhances Website Search Capabilities

NYIGF Enhances Website Search Capabilities

WHITE PLAINS, N.Y.–A series of enhancements to the New York International Gift Fair website—nyigf.com—includes more interactive search tools designed to deliver more targeted and comprehensive search results, according to GLM, which owns and manages the show. The new product search tool, complemented by NYIGF’s Online Catalog Gallery, offers retailers access to more detailed product andMore »

Consumers Splurge on Black Friday

Consumers Splurge on Black Friday

WASHINGTON—Black Friday 2010 registered as a major positive event for U.S. retailers, judging from the numbers in a survey conducted by the National Retail Federation. U.S. shoppers spent an estimated $45 billion during this year’s Black Friday, up 9 percent from Black Friday 2009. They also spent more per shopper—9.3 percent more–to $365.34, according toMore »

Walmart Offers to Buy 51 Percent of Massmart

Walmart Offers to Buy 51 Percent of Massmart

BENTONVILLE, Ark.—Following through on plans announced in September, Walmart has made an offer to acquire 51 percent of the shares of Massmart Holdings, the South African retail holding company. The offer would cost Walmart $20.56 a share using today’s conversion rate of the South African rand to the U.S. dollar. A Walmart statement said theMore »

Springs Global Posts $15.7 Million Net Loss in Q3

Springs Global Posts $15.7 Million Net Loss in Q3

MONTES CLAROS, Brazil—Springs Global reported a net loss of $15.7 million in its third quarter ending Sept. 30, reversing net income of $7.6 million from the third quarter of last year. The drop in the bottom line occurred in spite of a 3 percent gain in net sales to $329.8 million, which was helped byMore »

AP Industries Launches New Website

AP Industries Launches New Website

LAURIER-STATION, Quebec—AP Industries, the Canadian manufacturer of bedroom furniture, has created a new Website structure and design in an effort to increase the site’s efficiency and the company’s brand awareness. The new APIndustries.com is divided into three distinct consumer categories: adult, youth and baby, each then divided into lifestyle categories of traditional, transitional and contemporary.More »

WestPoint Home Posts $14 Million Net Loss in Q3

WestPoint Home Posts $14 Million Net Loss in Q3

NEW YORK—WestPoint Home recorded a net loss of $14 million in its fiscal third quarter, compared to the $10 million net loss in the third quarter of last year. The loss occurred in spite of a 23 percent increase in net sales for the quarter, which were $116 million. It marked the second consecutive quarterlyMore »

Ralph Lauren Home Inks License Deal with Safavieh

Ralph Lauren Home Inks License Deal with Safavieh

NEW YORK – Ralph Lauren Home, a division of Polo Ralph Lauren Corporation, has signed an exclusive license agreement with Safavieh for a line of area rugs under both the Ralph Lauren Home and Lauren Ralph Lauren Home brands. This new licensing affiliation, effective January 2011, will strengthen and grow the Ralph Lauren Home businessMore »

TTU Launches Artist Mug Collection

TTU Launches Artist Mug Collection

CARSON, Calif. – TTU has launched a collection of porcelain mugs and dessert plates featuring the artwork of Rebecca Molayem, an expressionist painter and sculptor who operates an art gallery in West Hollywood. The introductory product line includes two collections, Bathing Beauties and Party Time, depicting vivid and brightly colored characters in a whimsical, captivatingMore »