Retail

Aid to Artisans to Hold Annual Awards Gala

Aid to Artisans to Hold Annual Awards Gala

NEW YORK–Aid to Artisans will hold its annual awards gala and silent auction next month, and this year’s award recipients include designer Donna Karan for her humanitarian work with the Urban Zen Foundation, and Joyce and Maya Romanoff for the significant achievements in design and craft by their company, Maya Romanoff. In addition, the artisanMore »

Belk Launches New Corporate Identity

Belk Launches New Corporate Identity

CHARLOTTE, N.C.–With a new tagline “Modern. Southern. Style.” along with a new corporate logo and color palette, Belk looks to update its corporate identity to better reflect its restated mission statement, “to satisfy the modern Southern lifestyle like no one else, so that our customers get the fashion they desire and the value they deserve.”More »

Nielsen Projects Flat Holiday Sales This Year

Nielsen Projects Flat Holiday Sales This Year

NEW YORK–U.S. retail sales during the coming holiday season should total $89 billion, about the same as it did last year, according to a prediction by The Nielsen Co. James Russo, Nielsen’s vice president of global consumer insights, said holiday sales would probably change very little from 2009 in spite of the fact that moreMore »

Holley to Succeed Schoewe as Walmart CFO

Holley to Succeed Schoewe as Walmart CFO

BENTONVILLE, Ark.–Charles Holley, currently executive vice president of finance and treasurer of Walmart, will succeed Tom Schoewe as the retailer’s chief financial officer on Nov. 30. Holley, who joined Walmart in 1994, has served the mass merchant in a variety of executive posts in the financial and international segments. As executive vice president of financeMore »

Family Dollar Boosts Fourth-Quarter Net 23 Percent

Family Dollar Boosts Fourth-Quarter Net 23 Percent

MATTHEWS, N.C.–Fourth-quarter net income for Family Dollar totaled $74 million, 23 percent ahead of the off-price retailer’s fourth-quarter net from its last fiscal year. The quarterly results helped Family Dollar to a record fiscal year in terms of earnings per share, which totaled $2.62 or 26.6 percent more than in fiscal 2009. Net sales forMore »

Sealy Posts $15.8 Million Net Loss in Q3; Names Rogers to Board

Sealy Posts $15.8 Million Net Loss in Q3; Names Rogers to Board

TRINITY, N.C.–Sealy’s bottom line turned red in the third quarter, as the nation’s largest mattress manufacturer reported a net loss of $15.8 million. Net sales worldwide totaled $346.2 million for the quarter, down 1 percent (total U.S. net sales decreased 2.2 percent to $251.0 million from the third quarter of fiscal 2009). Gross margin fellMore »

J.C. Penney to Expand Markets, Renovate Stores

J.C. Penney to Expand Markets, Renovate Stores

PLANO, Texas–J.C. Penney said it will expand in major U.S. markets that offer potential due to their demographic profiles, and will begin a store-renovation program that will extend over the next four years. The initiatives are part of the department-store retailer’s Long Range Plan, which is intended to produce $1 billion in sales growth overMore »

Consumer Confidence Retreats in September

Consumer Confidence Retreats in September

NEW YORK—After gaining some ground in August, the consumer confidence index reverted to a downward direction this month, losing 4.7 points to finish September at 48.5. According to The Conference Board, provider of the indicator, both of the indicator’s main component indexes, present situation and expectations, registered declines. Expectations (which provides the outlook for sixMore »