Retail

Container Store’s Tindell to Receive NRF Gold Medal

Container Store’s Tindell to Receive NRF Gold Medal

WASHINGTON—Kip Tindell, chairman and chief executive officer of The Container Store, will be honored with the Gold Medal of the National Retail Federation. The association cited Tindell, who has been head of the storage- and organization-products retailer since its founding in 1978, for maintaining “a fundamental set of corporate values centered around an intense employeeMore »

Sanyo to Become Panasonic Wholly Owned Subsidiary

Sanyo to Become Panasonic Wholly Owned Subsidiary

OSAKA, Japan—Panasonic will convert Sanyo into a wholly owned subsidiary through a share exchange that is scheduled for March. Panasonic, which acquired the majority of Sanyo’s voting stock in December 2009, conducted a tender offer for all of Sanyo’s shares from Aug. 23 to Oct. 6 of this year. As of two days ago, PanasonicMore »

MMPI to Offer Special Handcrafted Products Areas at Chicago and California Shows

MMPI to Offer Special Handcrafted Products Areas at Chicago and California Shows

CHICAGO—The upcoming Chicago Market: Living and Giving and California Gift Show will include Beckman’s Handcrafted Shows, which will exhibit handcrafted and artisanal products. A fixture for more than 30 years, Beckman’s Handcrafted Shows are designed as shows within a show. At these two upcoming shows, the Beckman’s areas will spotlight vendors of hand-crafted apparel, jewelryMore »

CLEANCut Featured on “The View”

CLEANCut Featured on “The View”

NEW YORK—The CLEANCut Touchless Paper Towel Dispenser was featured on ABC-TV’s “The View” on Dec. 17. Larry Nusbaum, chief executive officer of Ronco, demonstrated the product for the show’s co-hosts, Whoopi Goldberg and Sherri Shepherd, during a segment on “as seen on TV” products. According to a statement from Clean Cut International, the CLEANCut automaticallyMore »

Macy’s Initiates Round-the-Clock Shopping

Macy’s Initiates Round-the-Clock Shopping

NEW YORK–Fourteen Macy’s stores will remain open all day, every day beginning tomorrow and ending 6 p.m. on Christmas Eve. Half of the stores are located in the New York/New Jersey metro area; the remainder are in the greater Washington, D.C. and Philadelphia metro areas, California, Illinois, Massachusetts, Michigan and Minnesota. Macy’s has offered 24-hourMore »

Pier 1 Net Falls 46 Percent in Third Quarter

Pier 1 Net Falls 46 Percent in Third Quarter

FORT WORTH, Texas—Although it was the company’s fifth consecutive quarter with a profit, Pier 1 Imports’ net income dropped 46 percent to $21 million in its fiscal third quarter. In its statement detailing the results, the company noted that last year’s bottom line received a $55.9 million boost from an income-tax benefit that stemmed fromMore »

Retail Container Traffic Expected to Grow 9 Percent in December

Retail Container Traffic Expected to Grow 9 Percent in December

WASHINGTON—Import cargo volume at the nation’s major retail container ports should increase nine percent this month, according to the latest Global Port Tracker report from the National Retail Federation and Hackett Associates. In addition, 2010 should end with a 17 percent in retail container traffic. To Jonathan Gold, NRF’s vice president for supply chain andMore »

Green Monday Shopping Logs 12 Percent Increase

Green Monday Shopping Logs 12 Percent Increase

RESTON, Va.—Consumer spending online on Green Monday earlier this week rose 12 percent over last year, totaling $954 million, according to research by comScore, the digital-marketing research firm. A designation for the second Monday in December, Green Monday has historically represented one of the peak days in online spending for holiday gifts. This year’s totalMore »