Retail

Diane Von Furstenberg, Springs Team Up for Home Collection

Diane Von Furstenberg, Springs Team Up for Home Collection

NEW YORK–Diane von Furstenberg is homeward bound. The legendary fashion designer has signed up with Springs Global to do a new line of home furnishings products, including, bedding, bath and tabletop that will debut in spring 2011. The trade will get its first look at the products this spring. For von Furstenberg, it marks herMore »

Target to Focus on “Strategic Growth” Over Long Term

Target to Focus on “Strategic Growth” Over Long Term

MINNEAPOLIS—Target plans to announce its plans for growth in both traditional and new areas at a meeting with members of the financial community in Philadelphia today. In a statement, the mass merchant said it will focus on continued growth within existing stores, which it will achieve through a “substantial store remodeling effort,” involving the investmentMore »

On Quality of Sleep

On Quality of Sleep

By David Gill A visit to the International Hotel/Motel & Hospitality Show here in New York last year showed that the quality-of-sleep issue is top of mind among the nation’s innkeepers.   Clearly, the hotels have shown that they get it regarding quality of sleep. Bob Altbaier, owner of Downlite, which was an exhibitor atMore »

Groupe SEB Reports N.A. Sales Drop, Personnel Changes

Groupe SEB Reports N.A. Sales Drop, Personnel Changes

ECULLY CEDEX, France.–Groupe SEB reported its sales for 2009 totalling $4,489 million, or a decline of 1.6 percent, and a slight increase at constant exchange rates. Its North American business, which includes the U.S., Mexico and Canada, fell 11.4 percent in current exchange rates, or 12.6 in constant exchange rates, for 2009 sales of $493More »

Haworth to Head Sears Retail Services Unit

Haworth to Head Sears Retail Services Unit

HOFFMAN ESTATES, Ill.–James Haworth has been named executive vice president and president of the retail services unit of Sears Holdings. Haworth, who will begin in this post on Jan. 31, will be responsible for the oversight, leadership and strategic growth of retail services for all Sears and Kmart stores. He will report to the boardMore »

Walmart, Target Aid in Relief of Haitian Earthquake Victims

Walmart, Target Aid in Relief of Haitian Earthquake Victims

NEW YORK–Walmart and Target have begun efforts to help the victims of the earthquake that struck Haiti earlier this week. Walmart said it is contributing $500,000 to the Red Cross for emergency relief efforts, and is sending $100,000 worth of prepackaged food kits to Haiti. A statement from Target said the retailer is also donatingMore »

Strong December Boosts Williams-Sonoma Fourth Quarter

Strong December Boosts Williams-Sonoma Fourth Quarter

SAN FRANCISCO–After recording a successful holiday period, Williams-Sonoma has issued a rosier forecast for its fourth quarter. The retailer said in a statement that it now expects fourth-quarter revenue to reach $1.08 billion, up from the previous prediction of $1.06 billion. Williams-Sonoma has based this forecast on a 7.4 percent rise in holiday-period sales, whichMore »

Beré to Retire from Dollar General

Beré to Retire from Dollar General

GOODLETTSVILLE, Tenn.–David Beré, president and chief strategy officer of Dollar General, will retire at the end of the retailer’s fiscal year, Jan. 29. Beré joined the Dollar General board of directors in 2002. He became president in 2006, and served as interim chief executive officer from July 2007 until January 2008, when Rick Dreiling wasMore »