Retail

Trade Show Preview: It’s Showtime!

Trade Show Preview: It’s Showtime!

TextilesAs it does every year, Heimtextil begins the first-half trade-show season for the home textiles industry, and is scheduled for Jan. 12-15. Messe Frankfurt, owner and manager of the venerable show, has planned several “conceptual changes,” according to the company, to the home-textiles section. Olaf Schmidt, vice president of textile fairs for Messe Frankfurt, saidMore »

Pantone Names Honeysuckle as 2011 Color of the Year

Pantone Names Honeysuckle as 2011 Color of the Year

CARLSTADT, N.J.–The vibrant, uplifting color honeysuckle has been named as Pantone’s color of the year for 2011. Numbered as Pantone 18-2120, Honeysuckle is a contrast to 2010’s calming color of the year Turquoise. “In times of stress, we need something to lift our spirits. Honeysuckle is a captivating, stimulating color that gets the adrenaline going—perfectMore »

Costco Net Rises 17 Percent in First Quarter

Costco Net Rises 17 Percent in First Quarter

ISSAQUAH, Wash.–A double-digit sales increase helped drive Costco to a 17 percent pickup in net income in its fiscal first quarter. The warehouse club’s bottom line totaled $312 million in the quarter, which ended on Nov. 21. Net sales increased 11 percent, which included a 7 percent gain in same-store sales. Costco’s first-quarter sales gotMore »

Investor Firm Acquires Gracious Home

Investor Firm Acquires Gracious Home

NEW YORK–Americas Retail Flagship Fund, an investor company with interests in retail and real estate, has swung a deal to purchase Gracious Home, the specialty retail that has been in Chapter 11 bankruptcy since August. According to a joint statement from the retailer and its new owner, the acquisition “rescued” the company and its moreMore »

Home Depot Sets Targets for 2011

Home Depot Sets Targets for 2011

ATLANTA–The Home Depot said it expects its net sales to increase between 2 and 2.5 percent next year. The projection is one of a list of goals the home-improvement retailer outlined in a statement issued this morning. The company also said it expects same-store sales growth in the low single digits, 10 new store openingsMore »

Target Debuts Sustainability Initiative

Target Debuts Sustainability Initiative

MINNEAPOLIS–Target has established a number of company-wide sustainability commitments, which are designed to guide its ongoing efforts toward environmental sustainability. The retailer has introduced a website, hereforgood.target.com, which outlines these commitments. Included will be efforts toward empowering consumers and Target employees to lead a more sustainable lifestyle, expanding Target’s choices of sustainable products, leading retailersMore »

Supreme Court to Hear Walmart Appeal in Discrimination Case

Supreme Court to Hear Walmart Appeal in Discrimination Case

WASHINGTON—The U.S. Supreme Court has agreed to hear Walmart’s appeal of a lower-court decision in Dukes v. Walmart Stores Inc., involving alleged sex discrimination against the world’s largest retailer. The suit was filed in the U.S. Court of Appeals in San Francisco in 2000 by Betty Dukes, a California Walmart employee, who said Walmart hadMore »

Dollar General Net Climbs 69 Percent in Third Quarter

Dollar General Net Climbs 69 Percent in Third Quarter

GOODLETTSVILLE, Tenn.—Increases in both net sales and gross profit helped drive Dollar General to a 69 percent gain in net income in the third quarter, totaling $128.1 million. Net sales rose 10 percent to finish the quarter at $3.2 billion, and gross margin increased 51 basis points to 31.4 percent. While selling, general and administrativeMore »