Retail

Havertys Sales Gain in Q2

Havertys

ATLANTA-Havertys posted a second-quarter increase of 2.4 percent in net sales, to $175.1 million, according to a preliminary statement on the quarter, which ended on June 30. The sales pickup included a 3.2 percent rise in same-store sales. Clarence Smith, Havertys’ chairman, president and CEO, said the retailer experienced growth in sales of upholstery, mattressesMore »

Moe’s Home Collection Announces Expansion of Flagship Vancouver Store

Moe’s

VANCOUVER, B.C., Canada–Moe’s Home Collection will invest $50,000 to expand the third floor of its flagship location here, the third phase of a design-focused expansion that launched in 2011. The plans call to remodel the space into a brand-new retail showroom and have an addition 13,000 square feet of space, which will contain such furnitureMore »

J.C. Penney Appeals Decision in Macy’s Suit

JCPenney

NEW YORK-J.C. Penney said it is appealing the New York State Supreme Court’s ruling in favor of Macy’s, in the lawsuit regarding J.C. Penney’s agreement for a Martha Stewart-branded line of home goods with Martha Stewart Living Omnimedia (MSLO). On June 16, State Supreme Court Justice Jeffrey Oing said that agreement “tortiously interfered” with theMore »

Joss & Main Gives to Habitat for Humanity

Joss & Main

BOSTON–Joss & Main has partnered with Habitat for Humanity International in an effort to provide safe, decent, affordable housing in partnership with low-income families. The collaboration involves two parts—a local Joss & Main volunteer build with Habitat for Humanity Northshore, supported by 15 employees in Lynn, Mass., and a national “Curate for a Cause” salesMore »

Anna’s Linens Offers Discount to AARP Members

Anna's Linens

WASHINGTON-Anna’s Linens is offering members of AARP (formerly the American Association of Retired Persons) a 10 percent discount off their entire purchases, every day of the week. The retailer is offering this option through an arrangement with AARP Services, which manages provider relationships and performs quality-control oversight for a wide range of products that carryMore »

Economy Could Lose Billions in West Coast Port Shutdown, Study Says

Container Port

WASHINGTON-The U.S. economy could lose as much as $2.5 billion a day if a prolonged shutdown of West Coast container ports takes place, according to a study conducted jointly for the National Retail Federation and the National Association of Manufacturers by economists at the Interindustry Forecasting Project at the University of Maryland. Negotiations for aMore »

Dollar General’s Dreiling to Retire

Rick Dreiling

GOODLETTSVILLE, Tenn.-Rick Dreiling, Dollar General’s chairman and CEO, has said he intends to retire on May 30 of next year, or upon the naming of a successor. The 60-year old Dreiling has served as Dollar General’s CEO since January 2008 and was named chairman in December of that year. A Dollar General statement said theMore »

Michaels Goes Public

Michaels

IRVING, Texas-The Michaels Cos. Inc. has launched its initial public offering of nearly 27.8 million shares of common stock, priced at $17 per share. The shares are listed beginning today on the NASDAQ Global Select Market, and are being traded under the symbol MIK. Until today, the retailer’s stock had not been publicly traded, althoughMore »