Retail

Icahn Pushes for Family Dollar Sale

Carl Icahn

NEW YORK-Activist investor Carl Icahn has called for an immediate sale of Family Dollar in a letter to Howard Levine, chairman, president and CEO of the dollar-store retailer, which was included in a filing with the United States Securities and Exchange Commission. Earlier this month, Icahn purchased about 9.4 percent of Family Dollar’s stock throughMore »

Garden Ridge to Rebrand as At Home

at-home-logo

PLANO, Texas-Home specialty retailer Garden Ridge is investing $20 million to rebrand all of its stores as At Home. A company statement said the new brand identity “better reflects the company’s mission to provide customers with more than 50,000 unique home decor products for every room, every style, at everyday low prices.” Along with theMore »

Thomas Upped to Head Family Dollar Merchandise Operations

Jeffrey Thomas

MATTHEWS, N.C.-Family Dollar has promoted Jeffrey Thomas to senior vice president of merchandise operations. The move puts Thomas, who was previously vice president of merchant services, in charge of merchandise planning, space planning, merchant services and pricing/analytics. He reports to Jason Reiser, executive vice president and chief merchandising officer, and has succeeded Scott Zucker, whoMore »

Pier 1 Q1 Net Falls 26 Percent

Report: Pier 1 Imports to Sell Online

FORT WORTH, Texas-Pressured by reduced margins resulting from promotions, Pier 1 Imports’ first-quarter net income plummeted by 26 percent to $15.1 million. Gross margin in the quarter, which ended on May 31, dropped 240 basis points to 40 percent, the result of the “highly promotional” retail environment, according to Alex Smith, Pier 1’s president andMore »

Judge: JCP Interfered with Macy’s-MSLO Agreement

JCPenney

NEW YORK-The New York State Supreme Court Justice hearing the lawsuit by Macy’s against J.C. Penney and Martha Stewart Living Omnimedia (MSLO) has ruled that J.C. Penney “tortiously interfered” with the agreement between Macy’s and MSLO. In the 63-page ruling, Justice Oing said Macy’s had proven that it had a valid contract with MSLO forMore »

Hayneedle Promotes Gray to Head Merchandising

Rebecca Gray

OMAHA, Neb.–Hayneedle.com has promoted Rebecca Gray to vice president of merchandising, overseeing all product offers, category development, assortment expansion and vendor relationships. Gray, who reports to President and CEO Jon Barker, joined Hayneedle in 2004 and has served in a variety of management roles throughout her tenure and “has also championed Hayneedle’s private brand strategyMore »

Restoration Hardware Goes from Loss to Profit in Q1

Restoration Hardware Rebrands Itself as RH

CORTE MADERA, Calif.-Strong gains in revenues, especially on a comparable-brand basis, led Restoration Hardware from red ink to black ink on its bottom line for the first quarter, which ended on May 3. Net income for the quarter totaled $1.8 million, compared to a net loss of $161,000 for last year’s first quarter. Net revenuesMore »

Madeira Named to Head Walmart.com

Fernando Madeira

BENTONVILLE, Ark.-Walmart has promoted Fernando Madeira to president and CEO of walmart.com, with responsibility for the site’s U.S. and Latin American operations and for the site’s overall future growth. Madeira, who had been president and CEO of Walmart E-commerce Latin America, will relocate to the site’s office in San Bruno, Calif., and will continue toMore »