Retail

Home Depot Net Rises 72 Percent in Q4

Home Depot Net Rises 72 Percent in Q4

ATLANTA–The fiscal year came to a happy end for The Home Depot, with net income jumping 72 percent to $587 million. Net sales for the quarter, which ended Jan. 30, edged up 3.8 percent to $15.1 billion. However, Home Depot was able to trim operating expenses by 1.9 percent on a dollar basis and 161More »

New Logo for J.C. Penney

New Logo for J.C. Penney

PLANO, Texas–J.C. Penney has created a new, modern logo, its first meaningful logo update in 40 years, according to the company. The J.C. Penney logo puts greater visual emphasis on a new, lowercase “jcp” by positioning it slightly off-centered in a red box while still featuring the company’s signature red color and Helvetica font. TheMore »

Target to Open Small-Format Store in Chicago

Target to Open Small-Format Store in Chicago

MINNEAPOLIS–Target will open its first smaller-format store in Chicago next year. The store will be sited in Sullivan Center, the restored Carson Pirie Scott building, at the corner of South State Street and Madison Street East. The retailer said this store and its other smaller-format locations to be opened throughout the nation will be namedMore »

Trian Makes Offer for Family Dollar

Trian Makes Offer for Family Dollar

MATTHEWS, N.C.–Trian Group has offered to acquire Family Dollar in a deal that could cost the investor fund between $7 billion and $7.6 billion, according to a filing with the U.S. Securities and Exchange Commission. Trian—which is led by Nelson Peltz, Peter May and Edward Garden—currently holds about eight percent of the retailer’s outstanding shares,More »

Iconix Boosts Q4 Net, Reports Record Results for Year

Iconix Boosts Q4 Net, Reports Record Results for Year

NEW YORK–Net income for Iconix Brand Group totaled $24.3 million in its fourth quarter, up 14 percent over its bottom line from the fourth quarter of last year. The company also said it achieved record results for fiscal year 2010 as a whole. Net income for the year reached $110.5 million, an increase of 45More »

Retail Sales Tick Up in January

Retail Sales Tick Up in January

WASHINGTON–Sales by U.S. retailers totaled $381.6 billion in January, up 0.3 percent from December and 7.8 percent from January 2010, according to figures released this morning by the U.S. Census Bureau. For retailers that offer home furnishings, the first month of the year presented a mixed picture. Sales at general-merchandise stores rose 0.8 percent, includingMore »

Davis Upped to Head Walmart Global Consumer Insights

Davis Upped to Head Walmart Global Consumer Insights

BENTONVILLE, Ark.–Walmart has promoted Cindy Davis to executive vice president of global consumer insights, a new department in the company. As head of this new team, Davis is responsible for helping both Walmart and Sam’s Club understand broad consumer trends, providing insights into customers needs throughout the world and creating advanced analytical tools to supportMore »

One Kings Lane Receives $23M from Investors

One Kings Lane Receives $23M from Investors

SAN FRANCISCO–One Kings Lane, the private online shopping destination for home decor, furnishings and accessories, has raised $23 million in Series B financing, co-led by existing investor Kleiner Perkins Caufield & Byers and new investor Greylock Partners.  Additional participants include existing investors First Round Capital and Reid Hoffman, as well as new investors TriplePoint CapitalMore »