Retail

Kohl’s Net Jumps 45 Percent in First Quarter

Kohl’s Net Jumps 45 Percent in First Quarter

MENOMONEE FALLS, Wis.–Net income for Kohl’s finished the first quarter at $199 million, up 45 percent from the first quarter of last year. The department-store retailer achieved this boost to the bottom line through a 10.9 percent gain in net sales for the quarter—which totaled $4 billion and which included a 7.4 percent pickup inMore »

Macy’s Posts $23 Million in Net Income in First Quarter

Macy’s Posts $23 Million in Net Income in First Quarter

CINCINNATI–Macy’s first quarter produced net income of $23 million, reversing a net loss of $88 million from the first quarter of last year. A good deal of the retailer’s turnaround came from a 7.2 percent increase in net sales, which were $5.6 billion in the quarter. In addition, Macy’s pumped its gross margin by 130More »

Gilt Groupe Expanding Home

Gilt Groupe Expanding Home

NEW YORK–Now online shoppers can have more Gilt in their homes too. Gilt Groupe, one of the first and perhaps the largest of the online sellers of luxury brands at discounted prices, is launching an expanded Gilt Home offering today. It says it will feature an average of 15 home sales a week from someMore »

Fingers … Fat and Otherwise

Fingers ... Fat and Otherwise

Whatever ultimately caused the insane activities in the stock market last week, you have to love the theory that it was the result of what the experts call a “fat finger trade.” The technical definition seems to be that some trader somewhere hit the wrong key, hitting a B for billion rather than a MMore »

Icon Honors Calls for Entries

Icon Honors Calls for Entries

ATLANTA–The Icon Honors national call for entries is now open. Created exclusively by AmericasMart Atlanta in partnership with GHTA and HFN, Icon Honors is the first international program fully embracing the gift and home categories in an independent recognition of exemplary achievement across the industry for product manufacturing, product sales representative businesses and retailing. SubmissionsMore »

2010 State of the Industry Report Released

2010 State of the Industry Report Released

NEW YORK–HFN’s 2010 State of the Industry Report—the only all-encompassing statistical source on home furnishings data—has been released and is now available for free online at our Web site, hfnmag.com. The 2010 report is presented online by the New York International Gift Fair. The report, also included in the April print edition of HFN, featuresMore »

Sales Up for Big Lots in First Quarter

Sales Up for Big Lots in First Quarter

COLUMBUS, Ohio–First-quarter net sales at Big Lots rose 8.1 percent to $1.2 billion. The increase included a gain in comparable-store sales of 6 percent. In a company statement, Steve Fishman, chairman and chief executive officer, said furniture and home were the leading categories in Big Lots’ sales surge, each of which posted double-digit gains inMore »