Retail

HFN and WGSN Enter Partnership

HFN and WGSN Enter Partnership

NEW YORK—HFN magazine has entered into a partnership with WGSN’s newly launched homebuildlife online trend service, at wgsn-homebuildlife.com, on global home furnishings and interiors. The exclusive arrangement, which is now in place, allows for an information exchange between the two resources, and readers and users from each entity will have access to information on the other’sMore »

Williams-Sonoma Net Skyrockets in Second Quarter

Williams-Sonoma Net Skyrockets in Second Quarter

SAN FRANCISCO–Williams-Sonoma’s net profit in the second quarter ballooned to $30.8 million, compared to $399,000 for the period last year. The improvement came about largely because of a 20 percent jump in direct-to-customer revenues, which helped push Williams-Sonoma’s total revenues up 15 percent to $775.6 million in the quarter. This firmed the company’s gross marginMore »

Sears Holdings Narrows Loss in Second Quarter

Sears Holdings Narrows Loss in Second Quarter

HOFFMAN ESTATES, Ill.—Sears Holdings reported a second-quarter net loss of $39 million, as compared to the net loss of $94 million it posted in the second quarter of last year. The parent company of Sears and Kmart was able to keep its expenses in check during the quarter, with selling, general and administrative expenses slippingMore »

Ross Stores Bolsters Bottom Line by 25 Percent in Second Quarter

Ross Stores Bolsters Bottom Line by 25 Percent in Second Quarter

PLEASANTON, Calif.–Net income for Ross Stores finished the second quarter at $129.3 million, 25 percent better than in the second quarter of 2009 and a record for the off-price retail company. The profit level improved thanks to an 8.1 percent gain in second-quarter net sales to $1.2 billion (including a same-store sales rise of 4More »

Top Home Retailers Report Available

Top Home Retailers Report Available

NEW YORK–HFN’s Top Home Retailers Report is now available at a special introductory price. It is the industry’s only total home list of the biggest retailers in the business. For more information, contact https://store.macfad.com/content/top-retailers-home-furnishings

Target Boosts Second-Quarter Profit by 14.3 Percent

Target Boosts Second-Quarter Profit by 14.3 Percent

MINNEAPOLIS—Second-quarter net income for Target registered at $679 million, up 14.3 percent from the second quarter of one year ago. Net sales for the mass-merchant retailer rose 3.8 percent to $15.1 billion, which included a 1.7 percent increase in same-store sales. The company’s bottom line benefited from “thoughtful control of expenses,” said Gregg Steinhafel, Target’sMore »

Net Rises 2 Percent for BJ’s in Second Quarter

Net Rises 2 Percent for BJ’s in Second Quarter

NATICK, Mass.—Second-quarter net income edged up 2 percent for BJ’s Wholesale Club, totaling $35.8 million. The warehouse club’s results included an 8.6 percent jump in net sales to $2.7 billion, which included a 4.4 percent rise in comparable-club sales. Much of the same-store increase came from gasoline sales; without sales at the pumps, BJ’s comparable-clubMore »

Best Buy Theater to Light Up Times Square

Best Buy Theater to Light Up Times Square

NEW  YORK—The Nokia Theater, which opened in Times Square in 2005, will be renamed the Best Buy Theater next month. Best Buy will receive prominent logo placement throughout the 2,100-seat David Rockwell-designed theater. Best Buy’s production arm Yellow Tag Productions will produce theater-specific content to run inside and outside the theater. The theater’s name willMore »