Retail

Non-Cash Charges Lead to Loss for Jarden in First Quarter

Non-Cash Charges Lead to Loss for Jarden in First Quarter

RYE, N.Y.–Due to two non-cash charges, Jarden posted a loss of $59 million in its first fiscal quarter of 2010. In its statement reviewing the results for the quarter, the company said it took a charge of $21.5 million associated with the devaluation of the Venezuelan bolivar, and one of $56.6 million resulting from anMore »

Customer Loyalty Program

Customer Loyalty Program

NEW YORK–Macy’s will expand its customer loyalty program to include consumers who pay for merchandise with credit cards other than Macy’s cards, according to Peter Sachse, the company’s chief marketing officer. Speaking at the Issues and Solutions Conference held by Emmanuel Weintraub Associates here this morning, Sachse (who also serves as chairman and chief executiveMore »

Consumer Confidence Gains in April

Consumer Confidence Gains in April

NEW YORK–The Consumer Confidence Index followed up its March rebound by picking up 5.6 points in April, finishing the month at 57.9. Lynn Franco, director of the Consumer Research Center at The Conference Board, which compiles the monthly indicator, noted that the April reading was the highest for the index since September 2008, when itMore »

Tomorrow’s Weintraub Seminar to Target Sales Growth

Tomorrow’s Weintraub Seminar to Target Sales Growth

ENGLEWOOD CLIFFS, N.J.–The latest Issues and Solutions Conference, held by Emanuel Weintraub Associates, will take place tomorrow from 8 to 11:30 a.m. at the Harvard Club in New York City. Titled “You’ve Cut Costs! Now Grow the Top Line,” the conference will feature a panel that will include Andrew Cohen, chief executive officer of NineMore »

Macy’s Projects 5 Percent Same-Store Sales Gain for First Quarter

Macy’s Projects 5 Percent Same-Store Sales Gain for First Quarter

CINCINNATI–Macy’s said its first-quarter same-store sales should grow 5 percent over the first-quarter of last year. The department-store retailer also said its earnings for the quarter should be about break-even with last year, as opposed to a loss of 16 cents per share in last year’s first quarter. For the full 2010 fiscal year, Macy’sMore »

Iconix Acquires Peanuts Brand

Iconix Acquires Peanuts Brand

NEW YORK–Iconix has agreed to purchase the rights to Charlie Brown, Snoopy and the rest of the Peanuts gang for $175 million. The Peanuts brand and other acquired assets will be purchased through a newly formed subsidiary, which will be owned 80 percent by Iconix and 20 percent by the family of Charles Schulz, theMore »

Neiman’s Tansky to Retire

Neiman’s Tansky to Retire

DALLAS–Neiman Marcus announced yesterday that Burt Tansky, its chief executive officer, will retire from the position in October. Karen Katz, head of Neiman Marcus Stores, will succeed Tansky. Katz has been with Neiman Marcus since 1985. Tansky, who has been the CEO since 2001, will remain non-executive chairman of the board. James Skinner, Neiman MarcusMore »

Kohl’s Expands Elle Program to Home

Kohl’s Expands Elle Program to Home

MENOMONEE FALLS, Wis.–Kohl’s has signed a multiyear license agreement with Lagardere Active Enterprises that will expand the retailer’s Elle lifestyle collection to include home products. The products will be branded as Elle Decor and will initially include decorative pillows, frames, accent items, candles and candle holders, and small furniture. Scheduled to launch at Kohl’s storesMore »