Retail

Fraley Joins SnapRetail as CTO

Fraley Joins SnapRetail as CTO

PITTSBURGH–Andy Fraley has been named to the newly created position of chief technology officer at SnapRetail. Fraley has assumed responsibility over the company’s software-development team, along with setting the technology vision for SnapRetail’s software products. He reports directly to Ted Teele, the company’s chief executive officer. Before joining SnapRetail, Fraley was chief technology officer ofMore »

My Favorite Contest Launched at The Conran Shop

My Favorite Contest Launched at The Conran Shop

NEW YORK–The Conran Shop has launched the My Favorite contest, inviting consumers to tell the retailer which of its hundreds of home accessories, furniture, lighting and personal accessories is their favorite, and get the chance to win a $5,000 shopping spree. By visiting the retailer’s Web site or Facebook page, consumers can submit a photo andMore »

My Favorite Contest Launched at The Conran Shop

My Favorite Contest Launched at The Conran Shop

NEW YORK–The Conran Shop has launched the My Favorite contest, inviting consumers to tell the retailer which of its hundreds of home accessories, furniture, lighting and personal accessories is their favorite, and get the chance to win a $5,000 shopping spree. By visiting the retailer’s Web site or Facebook page, consumers can submit a photo andMore »

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 »