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Forty One Madison Welcomes Gift Show Buyers

Forty One Madison Welcomes Gift Show Buyers

NEW YORK-Gift buyers and retail executives will find the Forty One Madison welcome mat out for the summer New York International Gift Fair. The tableware building, where approximately 30 showrooms are open for show-goers, will offer complimentary mini-coach shuttle service between its East Side location and the Jacob K. Javits Convention Center. “We know aMore »

Eller to Receive Gift for Life Industry Achievement Award

Eller to Receive Gift for Life Industry Achievement Award

NEW YORK-Randy Eller will be the recipient of the 2010 Gift for Life Industry Achievement Award on Aug. 15 at the 59th Annual Retailer Excellence Awards here. Eller has served the industry for 35 years as a retailer, salesperson, president and chief executive officer and partner. Today, through his company Eller Enterprises, Eller continues toMore »

Target Net Gains 29 Percent in First Quarter

Target Net Gains 29 Percent in First Quarter

MINNEAPOLIS–A combination of rising sales and a “disciplined” approach to expenses helped Target to a whopping 29 percent increase in net income in the first quarter. The retailer’s bottom line totaled $671 million in the quarter. Net sales increased by 5.5 percent to $15.2 billion, including a 2.8 percent pickup in same-store sales. Gross marginMore »

First-Quarter Profit Up 7.2 Percent for BJ’s

First-Quarter Profit Up 7.2 Percent for BJ’s

NATICK, Mass.–BJ’s Wholesale Club firmed its bottom line by 7.2 percent to $26.1 million in the first quarter. The warehouse-club retailer rode the wave of a 13 percent gain in net sales, to $2.5 billion. This included a 7.8 percent increase in comparable-club sales, and also encompassed a contribution of 3.6 percent from sales ofMore »

Southerland Purchased by Employees

Southerland Purchased by Employees

NASHVILLE, Tenn.–Mattress manufacturer Southerland has been acquired by employees through an Employee Stock Ownership Plan. The transaction closed on May 17, and the company is now led by its co-presidents, David Corbin and Stephen Russo (former president and chief executive officer of Restonic), and its executive vice president and chief financial officer, Bryan Smith. HermanMore »

Experts to Address Chicago Market’s Living and Giving

Experts to Address Chicago Market’s Living and Giving

CHICAGO–The Chicago Market: Living and Giving, scheduled for July 22-28, has scheduled numerous business and retail seminars and special events. The Market’s highlights include a keynote presentation from Jerry Greenfield, co-founder of Ben & Jerry’s Homemade Inc., on July 26, and The Power Lunch Seminar Series, where buyers will learn from leading retail consultants. SpeakersMore »

Electrolux to Offer U.S. Licensing Opportunities at Expo

Electrolux to Offer U.S. Licensing Opportunities at Expo

STOCKHOLM, Sweden–Electrolux said it plans to use the upcoming International Licensing Expo to ramp up its licensing efforts in the United States. The global home-appliances manufacturer—which formed Electrolux Global Brand Licensing three years ago—will offer opportunities for well-known U.S. brands such as Philco, Tappan, Eureka, Kelvinator and Frigidaire. It will also highlight some of itsMore »

Hoover Launches Integrated Marketing Campaign

Hoover Launches Integrated Marketing Campaign

GLENWILLOW, Ohio–Hoover is introducing a marketing campaign for some of its recent product introductions that encompasses television, cause marketing, social and digital media, and public relations. The campaign will support the introduction of several new Hoover products. It will include 30-second television spot advertisements for the Platinum Collection LiNX Stick Vac, the WindTunnel T-Series WindTunnelMore »