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Dollar Tree Net Jumps 37 Percent in Third Quarter

Dollar Tree Net Jumps 37 Percent in Third Quarter

CHESAPEAKE, Va.–Net income for Dollar Tree finished the third quarter at $93.2 million, up 37 percent over the third quarter of last year. Net sales for the quarter, which ended on Oct. 30, rose 14.2 percent to $1.4 billion, driven by increases in store traffic and average ticket per sale, according to Bob Sasser, presidentMore »

Obeetee, Amici, CMI Renew AmericasMart Leases

Obeetee, Amici, CMI Renew AmericasMart Leases

ATLANTA–AmericasMart has announced that three of its long-time area rug tenants have renewed their leases in Building 1 at the market: Obeetee, Amici Imports and Colonial Mills (CMI). Showing at AmericasMart since 1993, Obeetee is in 5-D-8, a 5,400 square foot space. It offers buyers handknotted, handtufted and flatwoven rugs. “Our showroom at AmericasMart hasMore »

Keurig Launches Redesigned Website

Keurig Launches Redesigned Website

READING, Mass.–Keurig is unveiling its redesigned website today, with features intended to reinforce its brand positioning. Among the new features on the site, keurig.com, are enhanced search tools which enable visitors to search for K-Cup portion packs by brand, roast and type; tools for side-by-side comparison of brewer features and specifications; a store locator; consumer-engagementMore »

Veeder + Perman Takes on New Partner

Veeder + Perman Takes on New Partner

NEW YORK–Veeder + Perman, a public relations and marketing communications partnership formed 12 years ago by Mark Veeder and Esther Perman, has undergone a name change and rebranding that reflects the addition of a new partner, Margaux Caniato. The business has been renamed VP+C, and in joining as chief innovation officer, Caniato brings to theMore »

Howard Lester, Former Williams-Sonoma Chairman, Dies

Howard Lester, Former Williams-Sonoma Chairman, Dies

SAN FRANCISCO—W. Howard Lester, former chairman and chief executive officer of Williams-Sonoma and one of the signature figures in U.S. retailing for more than three decades, has died after a long battle with cancer. He was 75. Lester joined Williams-Sonoma in 1978, after a 20-year career as an entrepreneur in which he sold typewriters, operatedMore »

Target Net Climbs 23 Percent in Third Quarter

Target Net Climbs 23 Percent in Third Quarter

MINNEAPOLIS—Expense controls steered Target to a 23 percent gain in third-quarter net income, which totaled $535 million. Net sales were $15.2 billion, up 3 percent in the quarter, which ended on Oct. 30. Selling, general and administrative expenses increased 2.8 percent on a dollar basis and remained flat at 22 percent as a percentage ofMore »

BJ’s Bumps Net Up 32 Percent in Q3

BJ’s Bumps Net Up 32 Percent in Q3

NATICK, Mass.—Net income for BJ’s Wholesale Club rose 32 percent in the third quarter ending Oct. 30, totaling $23 million. A modest sales gain and expense controls provided the bottom-line boost for the retailer. Net sales increased 4.8 percent to $2.6 billion, which included a 1.5 percent rise in same-store sales, factoring out sales ofMore »

Sorgeloos to Become HFPA President

Sorgeloos to Become HFPA President

NEW YORK—Keith Sorgeloos, president and chief executive officer of Home Source International, will become the next president of the Home Fashion Products Association. Sorgeloos was elected to succeed Rich Roman, president and CEO of Revman International, by the HFPA board at yesterday’s annual meeting of the association. He will assume the post on Jan. 1,More »