Retail

Hamilton Beach Net Jumps 143 Percent in First Quarter

Hamilton Beach Net Jumps 143 Percent in First Quarter

CLEVELAND–Net income for the Hamilton Beach unit of NACCO Industries rose 143 percent to $3.4 million in the first quarter. The housewares manufacturer accomplished this on an 8.9 percent pickup in net sales for the quarter, which totaled $102.6 million. The bottom line also included a boost from lower product costs and higher unit salesMore »

Remington Sales Boost Spectrum’s First Quarter

Remington Sales Boost Spectrum’s First Quarter

MADISON, Wis.–Global sales of Remington-branded products rose 12.1 percent in the fiscal second quarter of parent company Spectrum Brands, totaling $96.3 million. The sales rise helped the parent’s Global Batteries and Personal Care segment to an operating profit of $41.1 million, up 12.6 percent over last year’s fiscal second quarter. In its statement reviewing theMore »

Anna’s Linens Renews and Expands Credit Facility

Anna’s Linens

COSTA MESA, Calif.–Anna’s Linens has entered into a four-year secured revolving line of credit with Union Bank, which expands the retailer’s borrowing capacity during peak periods later this year. The agreement, which increases the company’s previous line of credit, provides for a borrowing capacity of $50 million for the period between Aug. 1 and Dec.More »

J.C. Penney to Slim Energy Use 20 Percent by 2015

J.C. Penney to Slim Energy Use 20 Percent by 2015

PLANO, Texas–J.C. Penney has set a corporate goal to reduce the energy consumption at its facilities by 20 percent per gross square foot by 2015. In a statement, the department-store retailer said it will reach this goal by improvements in energy efficiency and by accelerating its company culture, which advocates and practices conservation. J.C. PenneyMore »

Giordano Named RoomPlace CEO

Giordano Named RoomPlace CEO

LOMBARD, Ill.–Midwest furniture retailer The RoomPlace has appointed industry veteran Steve Giordano as its new chief executive officer, effective May 10.  Giordano will be joining The RoomPlace from The Room Store, where he had been chief operating officer. Giordano is succeeding Dan Powell who was named acting CEO in November. No further information was available.More »

Williams-Sonoma Bows Cookbook Club

Williams-Sonoma Bows Cookbook Club

SAN FRANCISCO–A select number of Williams-Sonoma stores will debut a three-month-long cookbook club, where attendees will be able to learn recipes based on the book of the month. Led by in-store professionals, the classes will feature cooking tips and techniques and a three-course tasting menu, and participants will receive 10 percent off all of their storeMore »

Kohl’s Employees Join in Fight Against Breast Cancer

Kohl’s Employees Join in Fight Against Breast Cancer

MENOMONEE FALLS, Wis.–Associates of Kohl’s, along with family members and friends, participated in the American Cancer Society’s Making Strides Against Breast Cancer walk in downtown Milwaukee on May 1. The effort included employees at Kohl’s corporate headquarters and from local Kohl’s stores in Wisconsin and Illinois—who made the walk and formed a human pink ribbonMore »

iRobot Posts $6.2 Million Net in First Quarter

iRobot Posts $6.2 Million Net in First Quarter

BEDFORD, Mass.—iRobot, manufacturer of home robots such as the Roomba line of vacuum cleaners, reported first-quarter net income of $6.2 million, reversing a $1.8 million net loss from the first quarter of last year. The turnaround was part of a quarterly performance which exceeded the company’s expectations, according to Colin Angle, chairman and chief executiveMore »