Retail

Six Permanent Showrooms Renew Leases at Forty One Madison

Six Permanent Showrooms Renew Leases at Forty One Madison

NEW YORK–Six of the most venerable names in the tableware industry—Devine Corp., Laurie Gates, Noritake, Over and Back, Riedel Crystal and Yamazaki—have renewed their permanent showroom leases at Forty One Madison.  “These global stalwarts are leaders in their categories,” said Laurie Burns, senior vice president and director of Forty One Madison. “Their commitments mark anMore »

Walmart Debuts “Affordable” Hometrends Line

Walmart Debuts “Affordable” Hometrends Line

BENTONVILLE, Ark.—The world’s largest retailer has unveiled Hometrends, a new line including bedding, bath, dining, furniture, home décor and accessories featuring modern design and nature-inspired materials.  The line is comprised of items such as decorative accessories for under $15, rugs starting at $11, bedding for $39 and dinnerware sets as low as $35.“The Hometrends lineMore »

Madonna, Iconix Team for License

Madonna, Iconix Team for License

NEW YORK–MG Icon, a newly formed joint venture between Iconix Brand Group and Madonna, announced its first direct-to-retail license agreement with Macy’s for the Material Girl fashion collection. Targeting juniors, the back-to-school apparel collection will launch in August. The strategy for growth will include additional categories in the lifestyle and beauty sectors, including fragrance inMore »

Crawford, Gerber to Host DIFFA’S Dining by Design

Crawford, Gerber to Host DIFFA’S Dining by Design

NEW YORK–Cindy Crawford and Rande Gerber will host DIFFA’s Dining by Design event at Pier 94 on March 22. The evening, known for its dining installations created by well-known designers, begins with a gala cocktail reception at 6:30, with the gala seated dinner scheduled for 8 p.m. A Cocktail by Design event on March 18More »

Helen of Troy to Acquire Pert Plus, Sure Brands

Helen of Troy to Acquire Pert Plus, Sure Brands

EL PASO, Texas-Helen of Troy has entered into an agreement to purchase the Pert Plus hair-care brand and the Sure anti-perspirant and deodorant brand from Innovative Brands. The purchase price was not disclosed in a statement released this morning by Helen of Troy, and the company said it expects the transaction to close at theMore »

Tighe Promoted in J.C. Penney Merchandising Reshuffle

Tighe Promoted in J.C. Penney Merchandising Reshuffle

PLANO, Texas–J.C. Penney has reset the leadership of its home business, and has promoted John Tighe to senior vice president and general merchandise manager of the home area. Tighe, who joined J.C. Penney in 2002, had previously served as senior vice president of jcp.com. He reports to Steven Lawrence, executive vice president and senior generalMore »

Target Launches Liberty of London Line

Target Launches Liberty of London Line

MINNEAPOLIS–Next month, Target will launch its newest licensed line—Liberty of London for Target—which also marks the first time a Target collection has spanned so many categories, including home and gardening items, plus fashion and accessories for women, men, children and babies. Evoking the long English heritage of bold patterns and florals for which Liberty ofMore »

Retailers Present Strong Fourth-Quarter Numbers

Retailers Present Strong Fourth-Quarter Numbers

NEW YORK–Major U.S. retailers including Sears, Target, Macy’s and Home Depot reported strong fourth quarter results this morning. Sears posted a whopping 126 percent increase in fourth-quarter net income, to $430 million, while Target’s net profit improved by 54 percent to 936 million. Both Home Depot and Macy’s transformed red numbers into black in theirMore »