Retail

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 »

Rug & Home Opens Third and Largest Store

Rug & Home Opens Third and Largest Store

KANNAPOLIS, N.C.–Rug & Home has opened its third and largest store here, at approximately 96,000 square feet. And unlike the company’s other locations in Asheville, N.C., and Gaffney, S.C., this store will be known as Rug & Home Wholesale Outlet. “Providing exceptional pricing and value for the customer has always been our main focus,” saysMore »

Warren Shoulberg Blog: Less Is More … Except When It Isn’t

Warren Shoulberg Blog: Less Is More ... Except When It Isn’t

I sure hope Target and Walmart sell boxing gloves because they are going to need them now. These two megamonster retailers usually co-exist just fine and are not generally known for taking shots at each other. Each has pretty much staked out its positioning and when one tries to intrude upon the other’s it usuallyMore »

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 »

Leggett & Platt Net Leaps in First Quarter

Leggett & Platt Net Leaps in First Quarter

CARTHAGE, Mo.–Boosted by significant growth in sales and margins, Leggett & Platt’s first-quarter net income jumped 1,267 percent to $45.1 million. The manufacturer attributed the strong performance to a combination of  “higher sales, cost structure improvements and pricing discipline,” according to a Leggett & Platt statement. It reported a 14 percent gain in net sales,More »

J.C. Penney Expects $23 Billion in Sales by 2014

J.C. Penney Expects $23 Billion in Sales by 2014

NEW  YORK–At its 2010 analyst/investor conference here yesterday, J.C. Penney announced new five-year operational and financial targets, including expectations to increase sales $5 billion to reach approximately $23 billion in sales by the end of 2014. This is expected to be driven primarily by comparable store sales growth, the company said. Gross margin is expectedMore »