News

SSA Reorganizes Board; DeHaerne Elected Chairman

SSA Reorganizes Board; DeHaerne Elected Chairman

FRIANT, Calif.–The Specialty Sleep Association has reorganized its board of directors and elected Bart DeHaerne, president of Deslee Textiles, to the newly created position of chairman. In addition, Michael Nermon, founder and president of Ergo Customized Comfort, has been elected vice chairman, and Todd Youngblood, president of Chili Technology, has become secretary/treasurer. Dale Read, seniorMore »

July Retail Sales Edge Up

July Retail Sales Edge Up

WASHINGTON—Overall U.S. retail sales edged up last month but home continues to be basically flat. Overall sales, helped by automobiles, were $362.7 billion, up 0.4 percent over June and 5.5 percent over July 2009, according to figures released today by the U.S. Census Bureau. But home was a different story. Furniture and home-furnishings stores sawMore »

J.C. Penney Goes from Loss to Profit in Second Quarter

J.C. Penney Goes from Loss to Profit in Second Quarter

PLANO, Texas—Second-quarter net income for J.C. Penney totaled $14 million, compared to a $1 million net loss in the second quarter of 2009.The company, however, lowered its forecast for the overall year, citing an “uncertain” outlook for the back half of the year. Expense controls helped to improve the department-store retailer’s bottom line in spiteMore »

Farias Steps Down as Louisville Bedding Sales and Marketing VP

Farias Steps Down as Louisville Bedding Sales and Marketing VP

LOUISVILLE, Ky.—Al Farias is leaving his current role at Louisville Bedding as vice president of sales and marketing. Farias will take on a new role with the company that will focus on special projects and account sales. He will continue to focus on certain accounts and will also retain his membership on the Louisville BeddingMore »

Gift Fair Opens Tomorrow

Gift Fair Opens Tomorrow

NEW YORK—The New York International Gift Fair opens its doors tomorrow at the Jacob K. Javits Convention Center and Passenger Ship Terminal Piers 92 and 94 here. The Fair also includes The New York Home Textiles Show. GLM, the show’s owner and manager, said the Gift Fair will feature an estimated 2,800 companies with 100,000More »

Dillard’s Finishes Second Quarter in the Black

Dillard’s Finishes Second Quarter in the Black

LITTLE ROCK, Ark.—Dillard’s reversed a second-quarter 2009 net loss of $26.7 million by turning in net income of $6.8 million in this year’s second quarter. Total merchandise sales in the quarter edged down 1 percent to less than $1.4 billion. But Dillard’s chopped 1.2 percent from advertising, selling, general and administrative expenses in the quarter.More »

Bradshaw International Names New President

Bradshaw International Names New President

RANCHO CUCAMONGA, Calif.—Brett Bradshaw has been named president of Bradshaw International, a leading manufacturer of kitchen tools, gadgets and bakeware, best known for its flagship brand Good Cook. A 17-year veteran of the company, Bradshaw has been involved with all areas since joining, and for the past three years he had headed the company¹s marketing,More »

Kohl’s Posts 13.5 Percent Gain in Second-Quarter Profit

Kohl’s Posts 13.5 Percent Gain in Second-Quarter Profit

MENOMONEE FALLS, Wis.—Second-quarter net income for Kohl’s shot up 13.5 percent to $260 million. Net sales for the department-store retailer rose 7.7 percent to $4.1 billion, which included a 4.6 percent increase in same-store sales. Kevin Mansell, chairman, president and chief executive officer, said the pickup in both total sales and comparable-store sales continued Kohl’sMore »