Retail

Consumer Confidence Ebbs in December

Consumer Confidence Ebbs in December

NEW YORK–The consumer confidence index took a small dive in December, finishing the month at 52.5 or 1.8 points off its November reading. Both of the index’s main components, the present-situation and expectations indexes, slipped this month. The present-situation index dropped 1.9 points to 23.5, while the expectations index declined 1.7 points to 71.9. RespondingMore »

Bed Bath & Beyond Net Rises 25 Percent in Third Quarter

Bed Bath & Beyond Net Rises 25 Percent in Third Quarter

UNION, N.J.—Bed Bath & Beyond reported another strong performance in its third quarter, with net income rising 25 percent to $188.6 million. Improving sales and the company’s wary eye on expenses helped produce the healthier bottom line. Net sales for the quarter, which ended on Nov. 27, rose 11 percent to $2.2 billion. While selling,More »

Dillard’s to Establish Internet Fulfillment Center

Dillard’s to Establish Internet Fulfillment Center

MAUMELLE, Ark.–Dillard’s Inc. will locate an Internet fulfillment center here to support the growth of its online business. “There are many positive changes currently underway at Dillard’s and the enhancement of the online shopping experience at dillards.com is a major focus of our efforts,” said Alex Dillard, president, in a statement. “Our new Maumelle facilityMore »

Container Store’s Tindell to Receive NRF Gold Medal

Container Store’s Tindell to Receive NRF Gold Medal

WASHINGTON—Kip Tindell, chairman and chief executive officer of The Container Store, will be honored with the Gold Medal of the National Retail Federation. The association cited Tindell, who has been head of the storage- and organization-products retailer since its founding in 1978, for maintaining “a fundamental set of corporate values centered around an intense employeeMore »

Sanyo to Become Panasonic Wholly Owned Subsidiary

Sanyo to Become Panasonic Wholly Owned Subsidiary

OSAKA, Japan—Panasonic will convert Sanyo into a wholly owned subsidiary through a share exchange that is scheduled for March. Panasonic, which acquired the majority of Sanyo’s voting stock in December 2009, conducted a tender offer for all of Sanyo’s shares from Aug. 23 to Oct. 6 of this year. As of two days ago, PanasonicMore »

MMPI to Offer Special Handcrafted Products Areas at Chicago and California Shows

MMPI to Offer Special Handcrafted Products Areas at Chicago and California Shows

CHICAGO—The upcoming Chicago Market: Living and Giving and California Gift Show will include Beckman’s Handcrafted Shows, which will exhibit handcrafted and artisanal products. A fixture for more than 30 years, Beckman’s Handcrafted Shows are designed as shows within a show. At these two upcoming shows, the Beckman’s areas will spotlight vendors of hand-crafted apparel, jewelryMore »

CLEANCut Featured on “The View”

CLEANCut Featured on “The View”

NEW YORK—The CLEANCut Touchless Paper Towel Dispenser was featured on ABC-TV’s “The View” on Dec. 17. Larry Nusbaum, chief executive officer of Ronco, demonstrated the product for the show’s co-hosts, Whoopi Goldberg and Sherri Shepherd, during a segment on “as seen on TV” products. According to a statement from Clean Cut International, the CLEANCut automaticallyMore »

Macy’s Initiates Round-the-Clock Shopping

Macy’s Initiates Round-the-Clock Shopping

NEW YORK–Fourteen Macy’s stores will remain open all day, every day beginning tomorrow and ending 6 p.m. on Christmas Eve. Half of the stores are located in the New York/New Jersey metro area; the remainder are in the greater Washington, D.C. and Philadelphia metro areas, California, Illinois, Massachusetts, Michigan and Minnesota. Macy’s has offered 24-hourMore »