NEW YORK–Americas Retail Flagship Fund, an investor company with interests in retail and real estate, has swung a deal to purchase Gracious Home, the specialty retail that has been in Chapter 11 bankruptcy since August. According to a joint statement from the retailer and its new owner, the acquisition “rescued” the company and its more … More »
ATLANTA–The Home Depot said it expects its net sales to increase between 2 and 2.5 percent next year. The projection is one of a list of goals the home-improvement retailer outlined in a statement issued this morning. The company also said it expects same-store sales growth in the low single digits, 10 new store openings … More »
MINNEAPOLIS–Target has established a number of company-wide sustainability commitments, which are designed to guide its ongoing efforts toward environmental sustainability. The retailer has introduced a website, hereforgood.target.com, which outlines these commitments. Included will be efforts toward empowering consumers and Target employees to lead a more sustainable lifestyle, expanding Target’s choices of sustainable products, leading retailers … More »
SEATTLE–BedVoyage has reached an agreement with interior designer Kelli Ellis to produce a collection of bedding textiles. The collection, which will be introduced next spring, includes duvet covers, pillow shams, Euro shams and bolsters, all designed by Ellis. As part of the agreement, Ellis will serve as spokeswoman for BedVoyage’s entire line of bamboo linens, … More »
CANNON FALLS, Minn.–Midwest-CBK is expanding its partnership with journalist and designer Cristina Saralegui by creating an inspirational holiday collection that will debut during the winter 2011 markets in Midwest-CBK showrooms across the country. The handcrafted Casa Cristina Holiday collection features spiritual icons such as angels, nativities, birds, stars, crosses and hearts in a combination of … More »
EDISON, N.J.–Scot Soodak has joined Circle Glass as vice president of sales. Soodak succeeds National Sales Manager Nancy Cabrey, who left the company, and reports to Sidney Elmann, chief executive officer. Soodak previously served as vice president of sales for tabletop company Home Essentials.
CHICAGO–The International Housewares Association is gearing up for its upcoming International Home + Housewares Show with the announcement of new and returning exhibitors, as well as a hotel survey contest, where one winner will receive a $300 gift certificate to Benny’s Chop House. Several well-known companies are returning to the show after brief absences, including … More »
WASHINGTON—The U.S. Supreme Court has agreed to hear Walmart’s appeal of a lower-court decision in Dukes v. Walmart Stores Inc., involving alleged sex discrimination against the world’s largest retailer. The suit was filed in the U.S. Court of Appeals in San Francisco in 2000 by Betty Dukes, a California Walmart employee, who said Walmart had … More »