Retail

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 »

QVC Set to Debut Ramsay, Burke and Bastianich Collections

QVC Set to Debut Ramsay, Burke and Bastianich Collections

WEST CHESTER, Penn.–British chef and television personality Gordon Ramsay will launch his first cookware collection for QVC tomorrow, called the Gordon Ramsay Signature Collection. It will include aluminum cookware, available in red, black, blue and bronze, as well as specialty items such as an enameled cast iron chef’s pot, porcelain baking and food storage sets,More »

HSN to Launch Happy Chic by Jonathan Adler

HSN to Launch Happy Chic by Jonathan Adler

NEW YORK–HSN will debut Happy Chic by Jonathan Adler, an HSN-exclusive collection of home decor and accessories, later this month on HSN/HSN.com. The interior designer will launch his collection on Oct. 11 and 12 in conjunction with HSN’s Home Design Event, an annual showcase of the newest home collections from the network’s growing roster ofMore »