Retail

Modest Growth Expected for Holiday Retail Sales

Modest Growth Expected for Holiday Retail Sales

NEW YORK–Holiday retail sales will increase by 2 percent this year, according to a forecast from Deloitte. The economy’s bumpy recovery will likely keep consumer spending in check during the 2010 holidays. “Sustained weakness in the housing and employment markets continue to restrict consumer cash flow,” said Carl Steidtmann, Deloitte’s chief economist. “Consumers’ discretionary fundsMore »

Fashion, Food Trucks and Fun

Fashion, Food Trucks and Fun

Many a stilettoed foot was seen about New York City on Sept. 10, as Fashion’s Night Out celebrated the fashion industry and good old-fashioned shopping. Now in its second year, the event took place across the globe in 100 cities, and was envisioned as the industry’s “own fashion stimulus package,” Anna Wintour, the editor ofMore »

Pier 1 Jumps From Loss to Profit in Second Quarter

Pier 1 Jumps From Loss to Profit in Second Quarter

FORT WORTH, Texas–Reversing a $15.8 million net loss from last year, Pier 1 Imports posted net income of $14.4 million in its fiscal second quarter. Alex W. Smith, the retailer’s president and chief executive officer, said the strong bottom line signals that Pier 1 is returning to “profitability and beyond.” Pier 1’s net sales reachedMore »

Macy’s Works Magic With New Star-Studded Campaign

Macy’s Works Magic With New Star-Studded Campaign

NEW YORK–This fall, Macy’s takes magic to a whole new level with the launch of its “Find Your Magic” campaign. “With more than 150 years of magic-making experience, Macy’s is the place where everything comes together for our customers in fun and entertaining ways,” said Martine Reardon, executive vice president of marketing for Macy’s. “OurMore »

The Iconix Way

The Iconix Way

By Warren Shoulberg Neil Cole loves brands. He loves them so much he bets his business on them. That business is Iconix, the branding company that changed the rules in apparel first, then soft home and is now set to do the same thing in the rest of the home furnishings market. “Obviously we believeMore »

Meyer Debuts Storage and Retrieval Building

Meyer Debuts Storage and Retrieval  Building

By Andrea Lillo Thirteen million pots and pans—or 66,000 pallets of kitchen products—is a lot of metal. It’s also the capacity of the new Automated Storage and Retrieval System (AS/RS) building unveiled last month by cookware company Meyer Corp. U.S. at the company’s Fairfield, Calif., campus. Touted as the first AS/RS in the housewares industry,More »

Bed Bath and Beyond: WarrenandLenny, LennyandWarren

Bed Bath and Beyond: WarrenandLenny, LennyandWarren

In the business of home products retailing, you can’t say one without the other: Warren and Lenny, Lenny and Warren. And like Cher or Elvis, no last names are necessary. Warren Eisenberg and Len Feinstein are, of course, the founders and still co-chairmen of Bed Bath & Beyond, the single most important home furnishings specialtyMore »