Retail

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 »

Dollar General Net Rises 6.5 Percent in Fourth Quarter

Dollar General Net Rises 6.5 Percent in Fourth Quarter

GOODLETTSVILLE, Tenn.–Net income for Dollar General in its fiscal fourth quarter totaled $87.2 million, 6.5 percent up from the fourth quarter of last year. The chain managed this increase partly through an 11.9 percent gain in net sales, which were $3.2 billion in the fourth quarter and which included a 7.4 percent hike in same-storeMore »

Consumer Confidence Rebounds in March

Consumer Confidence Rebounds in March

NEW YORK–After a 10.5-point dive in February, the consumer confidence index made something of a recovery this month. As compiled by The Conference Board, the index rose 6.1 points to 52.5 in March. Both of the component indices, present situations and expectations, made significant gains as well—with the present situations index picking up 4.3 pointsMore »

FTC Clears Way for Walgreens to Acquire Duane Reade

FTC Clears Way for Walgreens to Acquire Duane Reade

DEERFIELD, Ill.–Walgreens said it has received the regulatory clearance from the U.S. Federal Trade Commission to complete its acquisition of Duane Reade. On Feb. 17, Walgreens signed a definitive agreement to purchase Duane Reade from affiliates of Oak Hill Capital Partners. The cash transaction will give Walgreens all 257 Duane Reade drugstores, along with theMore »