Retail

Home Products Part of Target’s Calypso St. Barth Line

Home Products Part of Target’s Calypso St. Barth Line

MINNEAPOLIS-Target has formed a partnership with Calypso St. Barth, the luxury lifestyle brand of resort apparel, to offer a limited-edition collection that will include home furnishings, along with apparel. The collection, called Calypso St. Barth for Target, will be available at Target stores and on target.com from May 1 through June 15. For the home,More »

Traditional Home Launches Online Mag

Traditional Home Launches Online Mag

NEW YORK-Traditional Home magazine has launched Trad Home, an online shelter publication. Trad Home, co-created by the editors of Traditional Home and Lonny, an online shelter magazine, will post two issues this year, in May and October, and feature 100 percent original content intended for the next generation of design lovers, the magazine said. Tradhomemag.com, whichMore »

Russell & Mackenna Acquires Maine Cottage Brand

Russell & Mackenna Acquires Maine Cottage Brand

SEVERNA PARK, Md.–Russell & Mackenna, Inc., has purchased the intellectual property and certain assets of Maine Cottage Furniture, Inc. Included in the purchase were all registered trademarks and copyrights, including copyrights to fabric designs and case good furniture designs, as well as domain names owned by Maine Cottage Furniture, Inc. The acquisition was finalized earlierMore »

Walmart Launches Campaign to Reinforce Price Leadership

Walmart Launches Campaign to Reinforce Price Leadership

BENTONVILLE, Ark.—Walmart has debuted an effort to reinforce its price-leadership promise to shoppers, including an advertising campaign and a broadened product assortment. In a statement about the new initiatives, the retailer said it would “reinvigorate the fundamental price promise” by increasing store-manager and buyer checks on its competition, and partnering with its suppliers to lowerMore »

NRF Projects Retailer Container Traffic to Rise 9 Percent in April

NRF Projects Retailer Container Traffic to Rise 9 Percent in April

WASHINGTON–Import cargo volume at the nation’s major retail container ports should increase by 9 percent this month, versus April 2010, according to the latest Global Port Tracker report from the National Retail Federation and Hackett Associates. This prediction is based on the continuing economic recovery and retailers’ expectations for sales increases this summer and beyond,More »

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 »