Retail

Consumer Confidence Edges Up

Consumer Confidence Edges Up

NEW YORK—After two straight months of declines, the consumer confidence index did a small reversal in August. The index, as provided by The Conference Board, picked up 2.5 points to finish last month at 53.5. Lynn Franco, director of the board’s Consumer Research Center, attributed the gain to “an improvement in consumers’ short-term outlook. ExpectationsMore »

Sears, Kmart Partner With Saralegui on Bed and Bath Line

Sears, Kmart Partner With Saralegui on Bed and Bath Line

HOFFMAN ESTATES, Ill.—Beginning this fall, Sears and Kmart will offer a collection of bedding and bath textiles created in partnership with Cristina Saralegui, the journalist and talk-show host. According to a statement from Sears Holdings, parent of both Sears and Kmart, the bedding lineup includes comforter sets, quilted coverlets and euro shams, microfiber sheets andMore »

Dollar General Net Jumps 51 Percent in Second Quarter

Dollar General Net Jumps 51 Percent in Second Quarter

GOODLETTSVILLE, Tenn.—Net income for Dollar General totaled $145.2 million in the second quarter, up 51 percent from the second quarter of last year. The discount retailer managed this strong performance through a net sales gain of 11 percent to $3.2 billion, and a pickup of 101 basis points in gross margin to 32.2 percent. Selling,More »

Groupe SEB Reports Double-Digit Percent Revenue Increase for First Half

ECULLY CEDEX, France—For the first half of 2010, Groupe SEB has reported a revenue increase of 13.2 percent, or $2.07 billion, based on firm demand in established markets and strong contribution from emerging markets, the company said, as well as positive currency impact. “Continuing the trend observed in the fourth quarter 2009, first-half 2010 sawMore »

Belk Net Jumps 32 Percent in Second Quarter

Belk Net Jumps 32 Percent in Second Quarter

CHARLOTTE, N.C.–Second-quarter net income for Belk finished an impressive 32 percent ahead of the second-quarter profit from last year. A statement from the department-store retailer attributed the firmer bottom line to improvements in net sales and gross margin. Net sales rose 3.6 percent to $787.7 million (including a 4.1 increase in same-store sales), and gross marginMore »

Warren Shoulberg Blog: World Gone Upside Down

Warren Shoulberg Blog: World Gone Upside Down

Forget about that slow boat to China. Take a plane. Charter one if you must. But get to China quickly. It is where you need to be. While everyone in the U.S. is complaining about rotten business, China is out of control … in a good way. I’m here at the Intertextile show in ShanghaiMore »

Intertextile Shanghai Home Textiles Fair Opens

Intertextile Shanghai Home Textiles Fair Opens

SHANGHAI, China–Intertextile Shanghai Home Textiles entered its second day here, with both business and the weather on the steamy side. The show, considered the leading home textiles event in Asia, hosts more than 1,000 exhibitors from 24 nations, including a few U.S. companies, often represented by their Asian partners or distributors. The show is theMore »

Bombay Brand Relaunches in the U.S.; QVC to Debut Collection

Bombay Brand Relaunches in the U.S.; QVC to Debut Collection

NEW YORK–Bombay Company’s globally inspired look is headed back to retail. Once a multi-channel retailer with more than 450 stores, Bombay has been repositioned for the wholesale market with programs targeting the specialty, department and mass channels. The company recently exhibited at the New York International Gift Fair, and it now has a new penthouseMore »