Retail

Tuesday Morning Third-Quarter Sales Edge Up 1.3 Percent

Tuesday Morning Third-Quarter Sales Edge Up 1.3 Percent

DALLAS–Third-quarter net sales for Tuesday Morning rose 1.3 percent to $174.3 million, according to a preliminary report from the closeout retailer. The sales gain included an increase of 0.7 percent in same-store sales for the quarter, which ended on March 31. Kathleen Mason, president and CEO, said Tuesday Morning was able to push up salesMore »

Tempur-Pedic Projects Records for First-Quarter Sales, Earnings

Tempur-Pedic Projects Records for First-Quarter Sales, Earnings

LEXINGTON, Ky.–Tempur-Pedic said it expects record net sales and earnings for its fiscal first quarter. When the numbers are counted, according to a preliminary company statement, first-quarter sales should total about $325 million, while earnings per share should come in at between 67 cents and 68 cents. “First-quarter sales and profits exceeded our prior expectationsMore »

March Retail Sales Off for Major Chains

NEW YORK–The move of Easter from early April last year to late in the month this year was a key factor in a tepid U.S. retail sales performance in March. Five of the eight major retail chains tracked by HFN posted declines in same-store sales last month. The biggest drop came from Kohl’s, whose comparable-storeMore »

Strong Sales, Expense Controls Drive Bed Bath & Beyond Gain

Strong Sales, Expense Controls Drive Bed Bath & Beyond Gain

UNION, N.J.–Thanks to a significant gain in net sales and the company’s wary eye on expenses, Bed Bath & Beyond closed its fiscal year with a 25 percent increase in fourth-quarter net income, to $283.5 million. Net sales in the quarter, which closed on Feb. 26, rose 12 percent to $2.5 billion. While selling, generalMore »

Pier 1 Net Jumps 65 Percent in Q4, Announces Three-Year Growth Plan

Pier 1 Net Jumps 65 Percent in Q4, Announces Three-Year Growth Plan

FORT WORTH, Texas–Ending what Alex Smith, president and CEO, called “truly an exceptional year,” Pier 1 Imports registered a 65 percent gain in fourth-quarter net income, to $57.1 million. The home-furnishings retailer is also on the march for more growth. It has formulated a three-year plan that will ultimately transform Pier 1 into a fullMore »

Sandra Lee Home Line to Appear in Sears and Kmart

Sandra Lee Home Line to Appear in Sears and Kmart

NEW YORK-Sears Holdings has reached an agreement with Sandra Lee, the television star and author, for an exclusive collection of home products to be offered in Sears and Kmart stores under the brand Sandra by Sandra Lee. The initial collection, which will reach the stores in spring 2012, will consist of cookware, utensils, gadgets, bakeware,More »

eBay to Acquire GSI Commerce

eBay to Acquire GSI Commerce

SAN JOSE, Calif.–eBay has struck a deal to purchase GSI Commerce, parent company of the Smart Bargains and Rue La La shopping websites, for about $2.4 billion. When the deal is closed, which is expected to take place in the third quarter, it will give eBay a larger foothold in home web retailing. Both SmartMore »

Hara Named to HSNi Corporate Strategy Post

Hara Named to HSNi Corporate Strategy Post

ST. PETERSBURG, Fla.–HSNi has appointed Mitchell Hara to the newly created position of senior vice president of corporate strategy/M&A. In this role, Hara is responsible for overall corporate strategy, in particular in identifying and developing new strategic initiatives and leading the strategic planning process for the company. He also evaluates and oversees potential strategic partnershipsMore »