Retail

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 »

Family Dollar Third-Quarter Net Grows 19 Percent

Family Dollar Third-Quarter Net Grows 19 Percent

MATTHEWS, N.C.–Third-quarter net income for Family Dollar jumped 19 percent to $104.4 million, which pushed its earnings per share to 77 cents, a new record for the quarter. The retailer accomplished this largely on an 8.4 percent gain in net sales, which finished the quarter at $2 billion and which included a same-store sales increaseMore »

Call for New-Product Information for Gift Fair/Textiles Market Week

Call for New-Product Information for Gift Fair/Textiles Market Week

NEW YORK–HFN is beginning its coverage of the upcoming New York International Gift Fair and New York Gift & Home Textiles Market Week. Manufacturers wishing to submit new-product information and images on home textiles should send them to David Gill, HFN senior editor, at dgill@hfnmag.com. Those that have new-product information and images on floor coveringsMore »

Fleming Leaving Walmart

Fleming Leaving Walmart

BENTONVILLE, Ark.—John Fleming, who helped lead Walmart on an unsuccessful trade-up strategy and then refocused the merchandising on value, is leaving the company, effective Aug. 1. Fleming, who has been chief merchandising officer, will be succeeded on an interim basis by two executives. Jack Sinclair, executive vice president and general manager, grocery, will oversee foodMore »