Retail

Consumer Confidence Falls in June

Consumer Confidence Falls in June

NEW YORK—The Consumer Confidence Index registered 52.9 this month, down nearly 10 points from its May level of 62.7. The June level marked the end of three consecutive months in which the index rose. A key factor in the falloff was a 13.4-point plummet in the Expectations Index to 71.2. The Present Situations Index, theMore »

Kmart Named Corporate Partner of the Year By St. Jude

Kmart Named Corporate Partner of the Year By St. Jude

MEMPHIS, Tenn.—Kmart has been recognized as St. Jude Children’s Research Hospital’s Corporate Partner of the Year. The retailer received the honor during the presentation of the ALSAC/St. Jude Volunteer Appreciation Awards on June 25. Richard C. Shadyac Jr., chief executive officer of ALSAC, the St. Jude fundraising organization, cited Kmart’s efforts in helping the hospital’sMore »

Bed Bath Annual Meeting: Positive Outlook, Inflationary Concerns

Bed Bath Annual Meeting: Positive Outlook, Inflationary Concerns

MORRISTOWN, N.J.–Even as it said it expected to continue to outperform the marketplace, Bed Bath and Beyond at its annual meeting this morning voiced concern for possible rising prices due to increased costs of imported goods from China. During the presentation at the meeting, which lasted a scant 13 minutes in typical brisk Bed BathMore »

Shopko Names Bulgarella DMM

Shopko Names Bulgarella DMM

GREEN BAY, Wis.–John Bulgarella has been appointed divisional vice president and divisional merchandise manager for Shopko’s hard-home division. In his new post, Bulgarella is responsible for developing, directing and executing merchandise strategies for the retailers’ consumer-electronics and furniture divisions. Information on who Bulgarella is succeeding was not immediately available. Before joining Shopko, Bulgarella served asMore »

Crown Crafts Grows Net in Fourth Quarter

Crown Crafts Grows Net in Fourth Quarter

GONZALES, La.–Fourth-quarter net income for Crown Crafts totaled $2.3 million, reversing a net loss from last year’s fourth quarter of $10.6 million. The loss posted in the fourth quarter of last year included a $12.6 million charge related to impairment of goodwill. Absent this charge, Crown Crafts’ net income was $2 million in that period.More »

Simon Named Walmart U.S. President and CEO

Simon Named Walmart U.S. President and CEO

BENTONVILLE, Ark.–Bill Simon has been promoted to president and chief executive officer of Walmart U.S. Simon, formerly chief operating officer of Walmart U.S., is succeeding Eduardo Castro-Wright, who remains the retailer’s vice chairman and who is transitioning to a new role as president and CEO of Global.com, the global e-commerce unit Walmart launched in January.More »

Spectrum Brands Gains Listing on Russell 3000

Spectrum Brands Gains Listing on Russell 3000

MADISON, Wis.–Spectrum Brands Holdings, parent company of the Remington personal-care brand and recently merged with Russell Hobbs, has been added to the Russell 3000 Index. The index tracks the performance of 3,000 publicly held U.S. companies based on total market capitalization, a group that represents about 98 percent of the investable U.S. equity market, accordingMore »

Perfect Fit Acquired by Anderson Group

Perfect Fit Acquired by Anderson Group

CHARLOTTE, N.C.–Perfect Fit Industries has been purchased by The Anderson Group, a private-equity firm based in Bloomfield Hills, Mich. The purchase price was not disclosed. The acquisition, which an Anderson Group statement described as an “asset sale/purchase,” was accomplished by an entity called Perfect Fit Industries LLC, created by The Anderson Group for the purposeMore »