News

Costco Net Rises 17 Percent in First Quarter

Costco Net Rises 17 Percent in First Quarter

ISSAQUAH, Wash.–A double-digit sales increase helped drive Costco to a 17 percent pickup in net income in its fiscal first quarter. The warehouse club’s bottom line totaled $312 million in the quarter, which ended on Nov. 21. Net sales increased 11 percent, which included a 7 percent gain in same-store sales. Costco’s first-quarter sales gotMore »

Investor Firm Acquires Gracious Home

Investor Firm Acquires Gracious Home

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 moreMore »

Home Depot Sets Targets for 2011

Home Depot Sets Targets for 2011

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 openingsMore »

Target Debuts Sustainability Initiative

Target Debuts Sustainability Initiative

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 retailersMore »

BedVoyage Teams with Kelli Ellis on Textiles Collection

BedVoyage Teams with Kelli Ellis on Textiles Collection

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 »

Midwest-CBK Unveils Casa Cristina Holiday Collection

Midwest-CBK Unveils Casa Cristina Holiday Collection

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 ofMore »

Soodak Joins Circle Glass

Soodak Joins Circle Glass

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.

New Exhibitors Planned for Housewares Show; Hotel Survey Contest Announced

New Exhibitors Planned for Housewares Show; Hotel Survey Contest Announced

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, includingMore »