Retail

U.S. Retail Sales Slip in June

U.S. Retail Sales Slip in June

WASHINGTON—Sales at the nation’s retailers declined 0.5 percent last month, to a seasonally adjusted total of $360.2 billion. The overall performance included a 1.1 percent drop in sales and furniture and home-furnishings stores to $7.5 billion. Sales at general-merchandise stores increased 0.2 percent to $50.4 billion, which included a 1.1 percent rise in sales atMore »

Senior Retail Execs See Brighter Business Future

Senior Retail Execs See Brighter Business Future

NEW YORK—Senior executives in the retail industry are projecting an improved business picture for the balance of the year, and an even better climate next year, according to a survey by KPMG, the tax, audit and advisory firm. Nearly two-thirds of the participating executives said overall business conditions in retail are better now than oneMore »

2010 State of the Industry Report Released

2010 State of the Industry Report Released

NEW YORK–HFN’s 2010 State of the Industry Report—the only all-encompassing statistical source on home furnishings data—has been released and is now available for free online at our Web site, hfnmag.com.   The 2010 report is presented online by the New York International Gift Fair.   The report, also included in the April print edition ofMore »

Retailer Container Traffic Projected to Rise 16 Percent in July

Retailer Container Traffic Projected to Rise 16 Percent in July

WASHINGTON—A new forecast from the National Retail Federation and Hackett Associates has predicted that import cargo at the nation’s major retail ports will increase 16 percent this month. In the monthly Global Port Tracker, the two organizations added that the double-digit increases in container traffic could wind down this fall, as retailers look to manageMore »

Bassett Posts Profit in Second Quarter

Bassett Posts Profit in Second Quarter

BASSETT, Va.—Bassett Furniture Industries reported net income of $117,000 for the second quarter, compared to a net loss of $9.9 million in the second quarter of 2009. The company’s bottom-line improvement was driven mostly by a  580 basis-point jump in its gross margin, to 49.2 percent, which resulted from the retail segment’s increased share inMore »

Same-Store Sales Pick Up in June

Same-Store Sales Pick Up in June

NEW YORK–The shift of Memorial Day sales to June and a promising performance for Father’s Day helped make last month a positive one for the nation’s major retail chains. Recovering from lackluster results in May, all of the chains tracked by HFN reported growth in comparable-store sales in June. Leading the way was Macy’s withMore »

Helen of Troy Sets Records for First-Quarter Net, Sales

Helen of Troy Sets Records for First-Quarter Net, Sales

EL PASO, Texas–Helen of Troy broke its previous marks for net income and net sales in its fiscal first quarter. The company’s bottom line totaled $18.4 million, up 26.7 percent from the first quarter of last year, while net sales increased 11.3 percent to $160.2 million. The top-line results included a gain of 10.9 percentMore »

Rothman Named House Beautiful Style Director

Rothman Named House Beautiful Style Director

NEW YORK–Sabine Rothman is joining House Beautiful magazine as style director, filling the position that became vacant when Newell Turner was named editor-in-chief of the publication earlier this year. Rothman had been senior design and markets editor for Traditional Home, which she joined in 2008 following a number of years at House & Garden. She assumesMore »