News

Vinturi Purchases New Headquarters to Accommodate Growth

Vinturi Purchases New Headquarters to Accommodate Growth

CARLSBAD, Calif.–Vinturi Inc. has purchased a 60,000-square-foot building here, which is 12 times larger than its current building. The additional space will accommodate the growth of the company, which was founded in 2007 by Rio Sabadicci, founder and chief executive officer, who invented the Vinturi Essential Wine Aerator. Renovations are expected to be completed inMore »

TJX to Close A.J. Wright Division

TJX to Close A.J. Wright Division

FRAMINGHAM, Mass.—The TJX Cos. will close down its A.J. Wright chain of off-price apparel and home-fashions stores by early next year. The company will permanently close 71 A.J. Wright stores and convert the remaining 91 in the chain to T.J. Maxx, Marshalls and HomeGoods locations. All A.J. Wright locations will be closed between late JanuaryMore »

Ralph Lauren to Pull Bed and Bath Business in House

Ralph Lauren to Pull Bed and Bath Business in House

NEW YORK—Ralph Lauren Home, the home-textiles division of Polo Ralph Lauren Corp., will assume all of the operations of the Lauren by Ralph Lauren Home brand’s decorative bedding and bath business effective May 1, 2011. The move, which had been rumored for some time, places the manufacturing, sourcing and development of decorative bedding and bathMore »

Keurig Boosts Green Mountain Fourth Quarter

Keurig Boosts Green Mountain Fourth Quarter

WATERBURY, Vt.—Sales of Keurig brewers and K-Cup portion packs fueled Green Mountain Coffee Roasters, Keurig’s parent company, to huge gains in sales and profits in the fourth quarter. Green Mountain’s net income rose 92 percent in the quarter to $27 million, and the company reported a 73 percent gain in net sales, which totaled $373.1More »

Gordmans Registers $2.5 Million Loss in Third Quarter

Gordmans Registers $2.5 Million Loss in Third Quarter

OMAHA, Neb.—Midwest retailer Gordmans Stores reported a net loss of $2.5 million in the third quarter ending on Oct. 30, compared to net income of $3.9 million in last year’s third quarter.   The quarterly loss included non-recurring charges of $10.7 million, without which net income would have risen 9.3 percent. Net sales increased 11More »

Stewart Named VP of Sales and Marketing at Hearthware Home

Stewart Named VP of Sales and Marketing at Hearthware Home

GURNEE, Ill.—Hearthware Home Products has promoted John Stewart to vice president of sales and marketing. Stewart has assumed responsibility over the management of the company’s sales force, product development, packaging and promotion of the company’s product line. He reports to Gene H. Kim, the company’s vice president, and has succeeded Mike Rawdon, who left theMore »

Turf, Rubin to be Honored by Housewares Charity Foundation

Turf, Rubin to be Honored by Housewares Charity Foundation

ROSEMONT, Ill.—Barbara Turf, president and chief executive officer of Crate and Barrel, and Gerald Rubin, chairman, president and CEO of Helen of Troy, will be honored by the Housewares Charity Foundation during the International Home + Housewares Show next March. Turf will receive the Lifetime Humanitarian Award and Rubin will be recognized as Humanitarian ofMore »

G. Fried Winner of Oriental Weavers’ Options Rug Gallery Contest

G. Fried Winner of Oriental Weavers’ Options Rug Gallery Contest

WESTBURY, N.Y.—G. Fried has won Oriental Weavers’ Options Rug Gallery Contest with its displays highlighting Oriental Weavers’ Options reversible area-rug line. Yesterday, Mike Riley, Oriental Weavers’ president, presented owner Wendy Fried with an iPad for winning the contest. Oriental Weavers conceived the contest idea as a way to encourage its exclusive dealers of the lineMore »