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Macy’s Net Balloons Second Quarter

Macy’s Net Balloons Second Quarter

CINCINNATI—Macy’s enjoyed a 2,000 percent increase in its net income in the second quarter, to $147 million. The result was due to a 7.2 percent gain in net sales, to $5.5 billion, and the absence of a $34 million charge from last year’s second quarter related to restructuring costs and expenses from the retailer’s divisionMore »

Trend Area Set for Intertextile Shanghai

Intertextile Shanghai

SHANGHAI, China—A special trend zone will be a focal point for the Intertextile Shanghai Home Textiles trade fair later this month here. Four themes – positivity, serenity, pleasure and personality – will be introduced, along with a series of seminars on trends in home décor and textiles. The fair, Aug. 24 to 26 at theMore »

Crown Crafts Net Jumps 35 Percent in Fiscal First Quarter

Crown Crafts Net Jumps 35 Percent in Fiscal First Quarter

GONZALES, La.—First-quarter net income for Crown Crafts totaled $726,000, 35 percent ahead of its first quarter of one year ago. The company accomplished this in spite of a 3.2 percent slip in net sales for the quarter, which totaled $17.2 million. Tight expense controls offset the sales decline, resulting in a gross-margin increase of 260More »

AHAM Aligns with CSA Standards and UL Environment for Sustainability Standard for Home Appliances

AHAM Aligns with CSA Standards and UL Environment for Sustainability Standard for Home Appliances

WASHINGTON—The Association of Home Appliance Manufacturers has formed partnerships with CSA Standards and UL Environment to jointly develop voluntary sustainability standards for home appliances. An AHAM statement said the effort is intended to provide a measurement tool to help the public in evaluating the sustainability of home appliances. Noting that energy consumption is a keyMore »

Protect-A-Bed Hosts Mattress Sweepstakes

Protect-A-Bed Hosts Mattress Sweepstakes

CHICAGO—Protect-A-Bed has launched the Long Live Your Mattress Sweepstakes on its Web site, protectabed.com. The sweepstakes began yesterday and will run through Oct. 31. One grand-prize winner will receive $30,000 in honor of Protect-A-Bed’s 30th anniversary, and 10 first-prize winners will get bedding-protection sets valued at nearly $500. The sweepstakes is open to all U.S.More »

Bufano Named Belk President and Chief Merchant

Bufano Named Belk President and Chief Merchant

CHARLOTTE, N.C.—Belk’s appointment of Kathryn Bufano as president and chief merchandising officer yesterday marks an historic event for the company, the largest privately held department store in the country. Bufano, who joined Belk two years ago following stints at a number of specialty and department store operations, is believed to be the first non-family memberMore »

Sam’s Club to Debut Wi-Fi in U.S. Stores

Sam’s Club to Debut Wi-Fi in U.S. Stores

BENTONVILLE, Ark.—Sam’s Club will offer Wi-Fi access in all of its U.S. locations by November. In an announcement at its annual holiday meeting in Orlando, the warehouse-club retailer said the AT&T-provided service will allow greater access for club members to Wi-Fi through their smart phones while shopping as well as provide access for shoppers toMore »

IHA CHESS Supersession Scheduled for October

IHA CHESS Supersession Scheduled for October

ROSEMONT, Ill.—The International Housewares Association will hold its next Chief Housewares Executive SuperSession (CHESS) on Oct. 6-7 at The Intercontinental Chicago O’Hare here. Among the speakers slated for the session will be Adolfo Laurenti, deputy chief economist and managing director of Mesirow Financial, who will speak on the new economic order caused by the recessionMore »