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hhgregg Net Falls 20 Percent in Second Quarter

hhgregg Net Falls 20 Percent in Second Quarter

INDIANAPOLIS–Net income for mattress/appliance retailer hhgregg dropped 20 percent in its fiscal second quarter, to $3.4 million. The bottom line suffered in spite of a 45 percent increase in net sales to $480.9 million in the quarter, which ended Sept. 30, 2010. Part of the quarterly numbers were a 41 percent jump in selling, generalMore »

Party for Life’s Sponsorship Campaign Kicks Off

Party for Life’s Sponsorship Campaign Kicks Off

NEW YORK–The fundraising efforts for Party for Life, the annual event of charitable organization Gift for Life, has begun with a $25,000 presenting sponsorship with Mudpie. To be held Jan. 30, 2011, at The Boathouse at Central Park, the 19th annual event will honor Mudpie’s founder and president Marcia Miller with the Trailblazer Award, whichMore »

NRF Projects November Retail Container Traffic to Rise 9 Percent

NRF Projects November Retail Container Traffic to Rise 9 Percent

WASHINGTON–Import cargo volume at the nation’s major retail container ports should grow 9 percent this month, according to the latest Global Tracker Report from the National Retail Federation and Hackett Associates. This prediction indicates that retailers believe the holiday selling season will be a strong one, said Jonathan Gold, NRF’s vice president for supply chainMore »

Hellyer Named President of Kingsdown

Hellyer Named President of Kingsdown

MEBANE, N.C.–Mattress industry veteran Bob Hellyer has been appointed president of Kingsdown, replacing Pat Flippen, who announced his retirement last week. Hellyer’s new post is the latest among the leadership positions he has held in the industry. He served Simmons for 11 years, including his tenure as corporate president from 2001 to 2005. From 2007More »

NYIGF At Home Exhibitors to Increase Space in January

NYIGF At Home Exhibitors to Increase Space in January

WHITE PLAINS, N.Y.–A number of vendors in the At Home section of the New York International Gift Fair will increase their exhibit space at the January show. According to Dorothy Belshaw, NYIGF director and senior vice president of GLM, owner and manager of the show, exhibitors are looking for added space in anticipation of “healthyMore »

High Point Market Shows Upswing in New Buying Groups

High Point Market Shows Upswing in New Buying Groups

HIGH POINT, N.C.–The upbeat buzz from the recent High Point Market left exhibitors and buyers with the feeling that things may be turning around, according to the High Point Market Authority. The total attendance numbers from last month’s Market were 71,416, and there were good signs within those figures that accounted for the positive moodMore »

Finkle to Speak at HFPA Annual Meeting

Finkle to Speak at HFPA Annual Meeting

NEW YORK–Janine Finkle, vice president of market intelligence for Design Research Reports, will be the featured speaker at the annual membership meeting of the Home Fashion Products Association on Nov. 16. Finkle’s topic will be “Macro-Trends Affecting the Home Furnishings Market: Tracking Consumer Attitudes and Behavior.” She is a veteran analyst of markets in homeMore »

Furniture Brands Cuts Loss in Third Quarter

Furniture Brands Cuts Loss in Third Quarter

ST. LOUIS—Furniture Brands International reported a drastically reduced third-quarter loss of $2.1 million, down from the $23.5 million net loss from the 2009 third quarter. Improvements in the furniture manufacturer’s expense structure helped its bottom line in the quarter. Selling, general and administrative expenses were reduced by 21 percent, while interest expense dropped 23 percent.More »