Retail

Green Mountain Net Falls 78 Percent in First Quarter

Green Mountain Net Falls 78 Percent in First Quarter

WATERBURY, Vt.—Net income for Green Mountain Coffee Roasters, parent company of the Keurig brand, dropped 78 percent to $2.2 million in its fiscal first quarter, which ended on Dec. 25, 2010. The decline reflected charges and credits related to Green Mountain’s acquisition of Van Houtte, a Canada-based coffee manufacturer; without those charges, the company’s netMore »

Crate and Barrel Launches Second Annual Ultimate Wedding Contest

Crate and Barrel Launches Second Annual Ultimate Wedding Contest

NORTHBROOK, Ill.–Crate and Barrel has begun its second-annual Ultimate Wedding Contest, which will award a winning couple a wedding valued at more than $100,000. This year it will be designed by celebrity wedding planner Yifat Oren, who has done the weddings of such celebrities as Kevin Costner, Jason Bateman and Mariska Hargitay. From now untilMore »

TJX Realigns Management; Herrman Named President

TJX Realigns Management; Herrman Named President

FRAMINGHAM, Mass.—The TJX Cos. has restructured its management as it continues to plan for the succession of its leadership. As part of this realignment, Ernie Herrman, senior executive vice president and group president, has been promoted to president of the company. Carol Meyrowitz continues as chief executive officer and as a company director, and has enteredMore »

City Furniture Opens Green Superstore

City Furniture Opens Green Superstore

City Furniture has opened a furniture superstore here that the chain said is South Florida’s first full-line furniture store pursuing Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Council. The 93,680-square-foot structure features both City Furniture and Ashley Furniture HomeStore showrooms. “This opening is truly about sustainability—both economic and environmental,”More »

Bug Mania

Bug Mania

By David Gill Bed bugs have become a major health crisis in some American cities, and not surprisingly consumers are looking for solutions. Infestations have been reported in various media, in marquee locations such as the Empire State Building, and unexpected places such as the Cincinnati Public Library. Aside from the nation’s bedrooms, they haveMore »

Stone to Retire from Lowe’s

Stone to Retire from Lowe’s

MOORESVILLE, N.C.–Larry D. Stone, president and chief operating officer of Lowe’s, will retire on June 2. In his more than four-decade career with the home-improvement retailer, Stone served in a variety of executive posts in store operations, merchandising and store environment. A Lowe’s statement said the company will not fill his positions after his retirement.More »

Consumer Confidence Gets a January Bounce

Consumer Confidence Gets a January Bounce

NEW YORK—After falling off in December, the consumer confidence index picked up 7.3 points in January to finish at 60.6. According to The Conference Board, which provides the monthly indicator, the index got boosts from both of its components, present situation and expectations. The present-situation index increased 6.1 points to 31.0, and the expectations indexMore »

Bon-Ton Extends Bergren Contract, Promotes Schrantz to COO

Bon-Ton Extends Bergren Contract, Promotes Schrantz to COO

YORK, Pa.–The Bon-Ton Stores has extended the contract of President and Chief Executive Officer Bud Bergren through Feb. 12, 2012, according to the company. Bergren’s contract will automatically renew for successive periods of one year. Subsequent to his term as president and CEO, Bergren will continue as director and, at the company’s election, will alsoMore »