Retail

NRF Predicts 15 Percent Gain In Import Cargo Volume for 2010

NRF Predicts 15 Percent Gain In Import Cargo Volume for 2010

WASHINGTON—Import cargo volume at the nation’s retail container ports should rise 15 percent in 2010 to 14.5 million containers, according to a forecast from the National Retail Federation and Hackett Associates. In its monthly Global Port Tracker, the two organizations based their call on the fact that, through the first half of this year, importMore »

NPD Group: Home Improvement Shows Signs of Recovery

NPD Group: Home Improvement Shows Signs of Recovery

PORT WASHINGTON, N.Y.—The NPD Group said home improvement market categories saw an overall dollar increase of four percent in the12 months ending in June, compared to the same time last year. Warehouse home centers were up two percent and hardware stores were up 21 percent in sales in the last 12 months. Home improvement categoriesMore »

Fazio Sets Agenda for Simmons as Las Vegas Market Opens

Fazio Sets Agenda for Simmons as Las Vegas Market Opens

LAS VEGAS—Two  weeks into his term as president and chief executive officer of Simmons, Gary Fazio detailed his overall goals for the mattress manufacturer as Las Vegas Market got under way. Speaking to members of the press at Simmons’ showroom yesterday morning, Fazio said he intends to “restore the focus of the company as theMore »

Elite Leather Acquires Hiatt Furniture

Elite Leather Acquires Hiatt Furniture

LOS ANGELES—Elite Leather Company has acquired upholstered furniture maker Hiatt Furniture.  Hiatt will become a new division of Elite Leather which will keep its name under Elite’s ownership. Like Elite Leather, Hiatt Furniture is a family-run business that has been manufacturing in Southern California for over 50 years. Hans, grandson of founder Hayden H. Hiatt,More »

Uttermost Acquires Inventory of Austin Productions

Uttermost Acquires Inventory of Austin Productions

ROCKY MOUNT, Va.–Uttermost acquired all of the product inventory of Austin Productions last week, as well as a non-exclusive right to reproduce select inventory items.   Uttermost intends to sell the Austin inventory through its long established sales channels. Austin Productions, founded in 1953, is in the later stages of a transaction to sell substantially allMore »

2010 State of the Industry Report Released

2010 State of the Industry Report Released

NEW YORK–HFN’s 2010 State of the Industry Report—the only all-encompassing statistical source on home furnishings data—has been released and is now available for free online at our Web site, hfnmag.com. The 2010 report is presented online by the New York International Gift Fair. The report, also included in the April print edition of HFN, features category-by-category breakdownsMore »

Next Creations, Alok Form Joint Venture

Next Creations, Alok Form Joint Venture

NEW YORK—Next Creations, parent company of Raymond Waites Design, and Alok International have formed a joint venture called Next Creations Holdings. Alok is an India-based manufacturer of finished home textiles, fabric, yarn and polyester.  Under the terms of the agreement, Michael Vidra, president and chief executive officer of Next Creations, will assume those positions withMore »

Weintraub Conference to Focus on Exclusives

Weintraub Conference to Focus on Exclusives

FORT LEE, N.J.—Exclusives at retail will be the subject of the next Issues and Solutions Conference to be held by Emanuel Weintraub Associates. The conference will feature a panel that will include executives from retailers and companies owning “top-tier” brands, according to a statement. Members of the panel have not yet been announced. The conferenceMore »