Retail

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 »

HFN’s New Phone Numbers

HFN’s New Phone Numbers

NEW YORK–The HFN editorial and sales staffs have new phone numbers. Our e-mail and mailing addresses have not changed. Here are the new phone numbers: Editorial Warren Shoulberg Editor & Associate Publisher 646-274-3537  Duke Ratliff Executive Editor 646-274-3538  Michael A. Gambardella Group Art Director 646-274-3583 David Gill Senior Editor 646-274-3574 Andrea Lillo Senior Editor 646-274-3576More »

Bed Bath & Beyond Net Jumps 58 Percent in First Quarter

Bed Bath & Beyond Net Jumps 58 Percent in First Quarter

UNION, N.J.–First-quarter net income for Bed Bath & Beyond reached $137.6 million, an increase of 58 percent over the bottom line in last year’s first quarter. The retailer’s performance came about from a 13.5 percent rise in first-quarter net sales, which totaled $1.9 billion and which included a whopping 8.4 percent gain in same-store salesMore »

A Conversation with Sue Kronick

A Conversation with Sue Kronick

“When I started at Bloomingdale’s I knew that the customer in Brooklyn didn’t buy patterns with birds.”   By Warren Shoulberg  Sue Kronick has never been bashful about speaking her mind. Whether she was detailing to a vendor why a certain decision had been made about that company’s products or telling a cub reporter whyMore »

Trade Show Preview: Up in the Air

Trade Show Preview: Up in the Air

The second half of the trade- show year is packed with must-see events, so start planning those business trips. Visit hfnmag.com/calendar for a full schedule, dates and contact  information. HousewaresFirst up is the Atlanta International Gift & Home Furnishings Market, from July 14 through July 21, which has featured the Gourmet/Housewares Product Center since JanuaryMore »

The Many Aisles of Vera Wang

The Many Aisles of Vera Wang

Spanning all the way from couture to Kohl’s, the iconic bridal brand marks its 20-year anniversary The special occasion Vera Wang is most often identified with is a wedding, but this year is different: the most special special occasion for her is an anniversary … as in the 20th anniversary of the designer’s debut inMore »