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 specialty … More »
Steve Temares had only just graduated from the University of Pennsylvania law school two years earlier when Bed Bath went to its Beyond format in 1985, but since joining the company seven years later, he hasn’t missed a single one of its more recent achievements. Chief executive officer of the company since 2003, Temares originally … More »
WASHINGTON–Sales by U.S. retailers posted a month-to-month increase of 0.4 percent in August, reaching $363.7 billion on an adjusted basis. That total also marked a 3.6 percent rise from August 2009. A look at the sales performance among retail channels presented a mixed bag, with department stores (excluding leased departments) increasing sales by 0.4 percent … More »
BENTONVILLE, Ark.–Walmart has reconfigured its U.S. merchandising into four core areas, and has named executives to lead the areas. John Fleming, who had been Walmart’s chief merchandising officer, left the retailer in August. His position has not been filled. According to a memo from Bill Simon, president and chief executive officer of Walmart U.S., John … More »
PHILADELPHIA–John Broughton has been named national utility program manager at Westinghouse Lighting. He will be responsible for administering and promoting utility incentive programs with Westinghouse Lighting’s customer base in retail, commercial and industrial channels. His previous work experience includes positions with D&R International, the Department of Energy and MaxLight.
CHICAGO–Merchandise Mart Properties, Inc., is calling a story in Crain’s Chicago Business this week that it was up for sale “erroneous” and says MMPI is not being shopped to perspective buyers. “Allusions and rumors regarding MMPI being offered for sale are erroneous and unhelpful,” the company, a division of Vornado Reality Trust, said in a … More »
WATERBURY, Vt.–Green Mountain Coffee Roasters and Luigi Lavazza S.p.A. have formed an agreement in which Lavazza will purchase a stake in Green Mountain. The two companies are also working on a further agreement through which they will develop single-serve espresso machines. Under the terms of the purchase deal, Lavazza will buy $250 million of newly … More »
WASHINGTON–Import cargo volume at the nation’s major retail container ports is expected to increase 16 percent this month, according to the latest Global Port Tracker report from the National Retail Federation and Hackett Associates. The push will come from the need for stores to stock up on holiday merchandise, according to Jonathan Gold, NRF’s vice … More »