Retail

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 »

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 »

Report: Sears Marketing Chief Resigns

Report: Sears Marketing Chief Resigns

HOFFMAN ESTATES, Ill.–Richard Gerstein, Sears’ top marketing chief, resigned this week, according to a report in the Chicago Tribune. Gerstein has been with the company since 2007. His last official day will be May 7, according to the report. Until a permanent replacement is found, marketing duties will be led by Scott Friedman, executive viceMore »

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 »