Retail

Blog: Here Comes the Sun

Blog: Here Comes the Sun

Kohl’s recently released it first-ever sustainability report, which detailed its efforts to help the environment. One of the pieces of information in the report is that 100 of Kohl’s stores were solar-powered as of last December. This news has come on top of IKEA’s spate of recent announcements about the installation of solar panels atMore »

Big Lots Net Down; Agrees to Acquire Liquidation World

Big Lots Net Down; Agrees to Acquire Liquidation World

COLUMBUS, Ohio–A decline in both sales and gross margin dragged Big Lots’ first-quarter net income down 6.1 percent to $52.5 million. The closeout retailer also said it has swung a deal to acquire Canada-based Liquidation World, thus marking its first expansion outside of the United States. Net sales for the first quarter, which ended onMore »

hhgregg Net Climbs 46 Percent in Fourth Quarter

hhgregg Net Climbs 46 Percent in Fourth Quarter

INDIANAPOLIS–hhgregg closed out its fiscal year with a powerful 46 percent increase in net income, which totaled $14.6 million. The specialty retailer fueled its bottom line on a healthy 21.5 percent gain in net sales, to $507 million, for its fiscal fourth quarter, which ended on March 31. Same-store sales for the quarter declined 4More »

Material ConneXion Expands into China

Material ConneXion Expands into China

NEW YORK–Partnering with Eegoo Cultural Industry Investment Co., Ltd., a leading cultural and innovative products operator in China, global materials consultancy Material ConneXion has announced plans to open 10 locations in China by 2017, with the first in Beijing this October. Next year it plans to open locations in Shanghai in March 2012 and GuangzhouMore »

Costco Net Picks Up 5.9 Percent in Third Quarter

Costco Net Picks Up 5.9 Percent in Third Quarter

ISSAQUAH, Wash.–Third-quarter net income for Costco finished at $324 million, up 5.9 percent from last year’s third quarter. The warehouse-club retailer accomplished this largely on the back of a 16 percent gain in net sales, to $20.2 billion. Total revenues, which include membership fees, also rose 16 percent to $20.6 billion. Costco said same-club salesMore »

Pollack Named to Head Merchandising at Martha Stewart Living Omnimedia

Pollack Named to Head Merchandising at Martha Stewart Living Omnimedia

NEW YORK–Patsy Pollack has been promoted to senior executive vice president of Martha Stewart Living Omnimedia, responsible for all of the company’s merchandising initiatives. Pollack reports directly to Lisa Gersh, who has been appointed president and chief operating officer. An MSLO statement said Gersh will be responsible for all of the company’s day-to-day operations whenMore »

Kohl’s Renews, Expands Partnership with Bobby Flay

Kohl’s Renews, Expands Partnership with Bobby Flay

MENOMONEE FALLS, Wis.–Kohl’s will renew its exclusive Bobby Flay partnership of home and grill products under a long-term license agreement with Bobby Flay, the department store said today. The current merchandise assortment will expand to include more product offerings, which will be available in Kohl’s stores nationwide and Kohls.com beginning February 2012. The renewal ofMore »

Green Mountain Coffee Roasters to be Added to NASDAQ-100 Index

Green Mountain Coffee Roasters to be Added to NASDAQ-100 Index

WATERBURY, Vt.–Green Mountain Coffee Roasters, parent company of the Keurig brand of single-cup coffee brewers and the patented K-Cup single-serve coffees, will be added to the NASDAQ-100 Index effective at the start of trading on May 27. The NASDAQ-100 Index comprises the 100 largest non-financial stocks on the NASDAQ stock market. According to a statementMore »