Retail

Jarden Closes Deal for Mapa Spontex Baby-Care, Home-Care Businesses

Jarden Closes Deal for Mapa Spontex Baby-Care, Home-Care Businesses

RYE, N.Y.-Jarden has completed its acquisition of the Mapa Spontex baby-care and home-care businesses from Total S.A. The products in the baby-care portfolio include soothers, feeding bottles and other infant-care accessories. Under home care, the products include sponges, rubber gloves and related cleaning products for retail, professional and industrial uses. The two categories will takeMore »

Tempur-Pedic Acquires Canadian Distributor

Tempur-Pedic Acquires Canadian Distributor

LEXINGTON, Ky.-Tempur-Pedic has purchased its Canadian distributor, Tempur Canada. The terms of the transaction were not disclosed. With this acquisition, Tempur Canada has become Tempur-Pedic’s wholly owned Canadian subsidiary, and will continue to distribute the parent company’s products throughout that country. Over the past four years, Tempur-Pedic has swung similar deals with distributors in Austria,More »

Belk Hits Black in Fiscal 2010

Belk Hits Black in Fiscal 2010

CHARLOTTE, N.C.-Reversing a net loss of $213 million from the prior year, Belk reported net income of $67.1 million for its 2010 fiscal year, which ended Jan. 30. Last year’s loss was the result of a non-cash charge for goodwill impairment of $326.6 million. But Belk’s bottom line also received assists from company initiatives thatMore »

Warren Shoulberg Blog: How Do You Say Car in Chinese? Volvo.

Warren Shoulberg Blog: How Do You Say Car in Chinese? Volvo.

At the risk of sounding like the head of the Department of Redundancy Department, I think it’s important that all of us in the home furnishings business take a moment to fully comprehend something that happened this week that is one of the most important developments in global economics ever. It was the sale ofMore »

Springs Finishes 2009 in the Black

Springs Finishes 2009 in the Black

MONTES CLAROS, Brazil–Springs Global managed to show net income for both the fourth quarter and the 2009 calendar year, reversing losses for both periods. Using the average conversion rate from the Brazilian real to the U.S. dollar for 2009, the company’s fourth-quarter net income was $519,452, and was $19.8 million for all of 2009. NetMore »

Sealy Net Climbs 31.5 Percent in Fourth Quarter

Sealy Net Climbs 31.5 Percent in Fourth Quarter

TRINITY, N.C.–Net income for Sealy jumped 31.5 percent in the first quarter, reaching $5.7 million. The increase was driven partly by a net sales rise of 9.6 percent to $339.6 million. Also, the company’s gross margin gained an impressive 331 basis points in the quarter. Both of these factors helped to offset a 12.7 percentMore »

Helen of Troy Closes Acquisition of Pert Plus and Sure Brands

Helen of Troy Closes Acquisition of Pert Plus and Sure Brands

EL PASO, Texas–Helen of Troy has finalized its acquisition of the Pert Plus and Sure brands from Innovative Brands. Gerald Rubin, chairman, president and chief executive officer of Helen of Troy, said the company will proceed with its previously announced plan to integrate Pert Plus, a shampoo brand, and Sure, an anti-perspirant brand, into itsMore »

Walmart Charitable Giving Totaled $467 Million in Fiscal 2010

Walmart Charitable Giving Totaled $467 Million in Fiscal 2010

BENTONVILLE, Ark.–Charitable giving by Walmart was $467 million in both cash and in-kind gifts for its 2010 fiscal year, which ended Jan. 31, the retailer said. This marked an increase of $89 million over its charitable-gifts total in fiscal 2009, and included $45 million in cash and in-kind gifts in international markets. In the UnitedMore »