Retail

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 »

Jarden Fourth-Quarter Revenue to Exceed Expectations

Jarden Fourth-Quarter Revenue to Exceed Expectations

RYE, N.Y.–Fourth-quarter revenue for Jarden should total about $1.35 billion—ahead of the company’s expectations, according to a preliminary statement from the manufacturer. Previously, the company had forecast fourth-quarter revenue to reach $1.3 billion. Jarden also said it expects revenue for the full 2009 fiscal year to be $5.1 billion—which, assuming the company achieves this total,More »

Helen of Troy Reports 67 Percent Gain in Net for Third Quarter

Helen of Troy Reports 67 Percent Gain in Net for Third Quarter

EL PASO, Texas–Net income for Helen of Troy’s third fiscal quarter jumped 67 percent to $24.7 million. The company’s results for the quarter received boosts from net sales, which rose 2 percent to $189.4 million; cost of goods sold, which fell 5.5 percent; and from a 37 percent reduction in interest expense. Selling, general andMore »

Best Buy December Revenue Jumps 13 Percent

Best Buy December Revenue Jumps 13 Percent

LAS VEGAS–December revenue for Best Buy totaled $8.5 billion, 13 percent ahead of December 2008, according to a statement issued by the retailer at the Consumer Electronics Show here. The company also said same-store sales rose 8.2 percent last month—a massive improvement over the 6.5 percent drop in same-store sales recorded in last year’s December.More »

Same-Store Sales Post Positive December

Same-Store Sales Post Positive December

NEW YORK–The nation’s major retail chains reported a generally upbeat December in releasing their sales totals for the month. On the discounter side, Kmart, Target and TJX all finished last month in the black in terms of its same-store sales. Kmart’s 5.3 percent gain in same-store sales was part of a statement from Sears Holdings,More »

Bed Bath & Beyond Net Climbs 73 Percent in Third Quarter

Bed Bath & Beyond Net Climbs 73 Percent in Third Quarter

UNION, N.J.–Net income for Bed Bath & Beyond totaled $151.3 million in the retailer’s fiscal third quarter, up a strong 73 percent from its third quarter of last year. The huge gain on the bottom line was powered by an 11 percent pickup in net sales for the quarter, which totaled nearly $2 billion andMore »

Bringing Back the Bombay Brand

Bringing Back the Bombay Brand

By Andrea Lillo Going through some old Bombay Company catalogs recently, Wil Hollands saw that the furnishings styles sold during its retailing days would still be relevant today. “That is what I love about Bombay—the furniture can stand the test of time,” said Hollands, the chief merchant of Otto International, which handles the U.S. licensingMore »