News

Tempur-Pedic Nearly Doubles Second-Quarter Net

Tempur-Pedic Nearly Doubles Second-Quarter Net

LEXINGTON, Ky.–Net income for Tempur-Pedic reached $33.5 million in the second quarter, almost twice as much as in the second quarter of 2009. The company accomplished this on a whopping net-sales increase of 42 percent to $263 million, along with a gain in gross margin of 210 basis points to 48.7 percent. In a conferenceMore »

World Market Center to Offer Social Media Bar at Las Vegas Market

World Market Center to Offer Social Media Bar at Las Vegas Market

LAS VEGAS–The World Market Center will provide Hot Spot: The Social Media Bar throughout the Las Vegas Market, Aug. 2-5. Located in room 1096 of Building C, the concept will offer free assistance to exhibitors and attendees in registering their companies and brands on social-media sites, including Facebook and Twitter. Leslie Carothers and Sev Ritchie,More »

Seminars Set for August Shows at 7 W New York

Seminars Set for August Shows at 7 W New York

NEW YORK–The 7 W New York showroom building has prepared a schedule of seminars to take place during next month’s Gift & Home Textiles Market Week and NYC Baby & Kids Fair. Christina Norsig, founder and chief executive officer of PopUpInsider, will deliver the keynote presentation on Aug. 14 at 4 p.m., titled “Pop-Up ShopMore »

TTI Opens New Distribution Facility

TTI Opens New Distribution Facility

SAN BERNARDINO, Calif.–TTI Floor Care North America has unveiled a new distribution center at AllianceCalifornia, the Norton Air Force Base redevelopment project owned by Hillwood Investment Properties. The new facility “will allow for expansion and growth in new and existing markets on the West Coast,” said Jeff Coy, TTI vice president. The company has signedMore »

World Market Center Tabs Executives for Gift + Home

World Market Center Tabs Executives for Gift + Home

LAS VEGAS–World Market Center has designated 10 executives to lead the division for the Gift + Home show, which will make its debut Aug. 2-6. Georgia Davis, former executive vice president for Dallas Market Center, has been named vice president of Gift + Home, and is responsible for the strategy, sales and growth of theMore »

Whirlpool Second-Quarter Net Jumps 163 Percent

Whirlpool Second-Quarter Net Jumps 163 Percent

BENTON HARBOR, Mich.–Second-quarter net income for Whirlpool totaled $205 million, a whopping 163 percent increase over last year’s second-quarter. While net sales did grow 9 percent to $4.5 billion in the quarter, cost-reduction and productivity initiatives also played a key role. Gross margin rose 350 basis points to 16.8 percent, and selling, general and administrativeMore »

HomeGoods Teams With Designer Nayak on Dorm-Room Sweepstakes

HomeGoods

FRAMINGHAM, Mass.–HomeGoods has formed a partnership with designer Taniya Nayak for a contest that will award dormitory-room designs to college students. For the sweepstakes, which officially began on July 15, Nayak designed five dorm-room designs in styles Bali, Preppy Chic, Rocker Girl, Surfer Chick and All-American. The designs will be given away via the HomeGoodsMore »

Art In Motion Celebrates 25 Years

Art In Motion Celebrates 25 Years

VANCOUVER B.C.–Art In Motion is thrilled to be celebrating 25 years of publishing and licensing the work of creative artists from around the world. “We are thrilled to be celebrating a quarter century,” said Tara Fortunato, chief merchandising officer with parent company ICA Home Décor. “Art In Motion is a leader in art and design. WeMore »