Retail

Macy’s Net Income Up 470 Percent in Q1

Macy’s Net Income Up 470 Percent in Q1

CINCINNATI–With net sales up and key expense metrics down, Macy’s reported a 470 percent gain in first-quarter net income, to $131 million. Declaring that the department-store retailer is building a “culture of growth,” Terry Lundgren, chairman, president and CEO, said the company’s results were a combination of “strong top-line sales, disciplined margin and expense management,More »

Surtex Turns Silver

Surtex Turns Silver

By David Gill Trade shows, like people, do a lot of growing up in their first 25 years, and that’s what Surtex has done. The trade show marks its first quarter century this month. In that time, it has grown from a small show featuring European artists and designers to—as GLM, its owner and managerMore »

Walmart, My Hometown’s Hero

Walmart, My Hometown’s Hero

My hometown was replaced by a Walmart—seriously. While critics have complained for years that the nation’s largest retailer ruins town centers, my hometown of Grundy, Va., pinned its economic future on a much-hoped-for Walmart store. After a long wait—I initially wrote about Grundy’s attempts to get a Walmart in 2005—the store is slated for aMore »

Small Steps in the Right Direction

Small Steps in the  Right Direction

There are simply no more excuses for the industry not to step it up a bit. For at least two years, many retailers and suppliers in the home furnishings industry lamented the fact that the recession forced them to hold the line on spending, which limited product introductions and new merchandising programs. The result hasMore »

FLOR Covers More Ground, Opening Stores in NYC, Atlanta

FLOR Covers More Ground, Opening Stores in NYC, Atlanta

More is in store for FLOR. The modular floorcovering company just opened its two newest locations — in New York and Atlanta — and plans to open more by year’s end. The New York store is located in the SoHo neighborhood, while the Atlanta store is in its Westside area. The company already has locationsMore »

Pier 1: Back to the Future

Pier 1: Back to the Future

By David Gill Retailing is fun again for Pier 1 Imports. For its most recent fiscal year, which ended on Feb. 26, the home-furnishings specialist posted some very enjoyable numbers. It reported an operating profit for the first time in six years, which brought the bottom line to a 15 percent jump over the lastMore »

In Full Color

In Full Color

By Andrea Lillo Color—while always a key ingredient in purchasing decisions—has gained a whole new level of importance, bringing bolder tones to the home furnishings arena. Attendees at this year’s trade shows have been hit with wave after wave of product introductions in a range of hues. “Color, color and color” was the response oneMore »

What Colors Designers’ Judgment

What Colors Designers’ Judgment

For designers of home furnishings, color inspiration is absorbed from many sources.  Known for his bold looks, designer Raymond Waites loves the colors found in such movies as Gosford Park, for example. “I’m an old movie buff,” he said, and the walls portrayed in many of these films have “such a great, warm background forMore »