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  • Vasos to Succeed Dreiling as Dollar General CEO

    Todd VasosTodd Vasos, Dollar General’s chief operating officer, will succeed Rick Dreiling as CEO on June 3. Vasos has also been elected to the retailer’s board of directors. Dreiling will remain on the board and will continue to serve as chairman through Jan. 29, 2016, in line with his previously stated retirement plans. “The board and I are confident that Todd is the right leader for the future growth of Dollar General,” Dreiling said. More

  • Costco Q3 Net Gains 9.1 Percent

           Although sales rose modestly in the quarter, Costco was able to boost its third-quarter net income by 9.1 percent to $516 million. Net sales in the quarter, which ended on May 10, edged up 1.1 percent to $25.5 billion, including 1 percent decrease in total company same-club sales. In the United States, same-club sales were up 1 percent, but for the international locations, same-club sales fell 6 percent. More

  • Belk Q1 Net Climbs 13 Percent as Online Fuels Sales

           With its e-commerce operation providing juice to its top line, Belk Inc. reported a 13 percent increase in first-quarter net income, to $21.8 million. Total net sales in the quarter, which ended on May 2, were up 3.1 percent to $985 million, including a 3.3 percent gain in same-store sales. Online sales from belk.com jumped 36.7 percent in the period, helping to bolster both total and same-store sales. More

  • Dallas Preps Lighting Event Lineup

    DallasMarketCenterlogoNext month’s Dallas International Lighting Market will mark the debut of new educational events, networking opportunities and industry excellence recognition. New showrooms making their debut during Market include DALS Lighting, TM-3325 and Core Lighting, TM 4432.02. Dallas Market Center will honor outstanding retailers in the lighting industry during the sixth annual Showroom of the Year Awards, held on Wednesday, June 24 at 6 p.m. in TM fourth floor Loft. More

  • Las Vegas Market Pavilions Draw New Exhibitors

    Las Vegas MarketLas Vegas Market will showcase new resources among the hundreds of exhibitors to debut in The Pavilions at Summer Las Vegas Market, the newly restructured and reimagined temporary exhibits premiering Aug. 2-5. In addition to products featured in The Pavilions’ four broad categories—Gift, Home, Design and Handmade—are new concentrations of high-end social stationery, childrens’ products and design-driven resources. More

  • Rove Raises 25K for Children’s Charity

    Dar MolayemAs part of the inaugural Red Nose Day, which raises money for children living in poverty, rove, Tabletops Unlimited’s new lifestyle brand, raised more than $25,000 helping to spread laughter for a cause. Rove initiated a social media campaign featuring an image of company founder Dar Molayem sporting a big red nose. The campaign reached half a million people in less than 24 hours, the company said. More

  • Williams-Sonoma Creates Chef Collective

    WilliamsSonomalogoWilliams-Sonoma has formed an inaugural Chefs’ Collective, a group of nine American chefs and two bar experts who will advise on the brand’s innovation and marketing initiatives. Williams-Sonoma will partner with the team in pursuit of new culinary insights, feedback on product development, testing, testimonials, content and new recipes. More

  • Neato Bolsters Robot Vac Lineup

    NeatoD75Neato has debuted the Botvac D Series of robotic vacuums, designed with the company’s laser navigation system and powerful suction. The new line consists of three vacuums. The Botvac D75 can be used on all floor types and includes a standard filter and a newly designed spiral blade brush. The Botvac D80 and D85, which can also be used for all floor types, More

  • Consumer Confidence Ticks Up in May

    Conference BoardThe consumer confidence index, which had slipped back in April, rebounded modestly this month by rising 1.1 points to 95.4, according to The Conference Board, which provides the monthly indicator. A key part of the index’s slight surge was the present situations index, which increased three points to 108.1 after a three-month slide. The expectations index, the other key component indicator, More

  • Former Walmart Exec Joins Crossmark Board

    MacNaughtonDuncanCrossmark, a sales and marketing-services company, has named former Walmart executive Duncan Mac Naughton to its board of directors. Mac Naughton was with Walmart from 2009 until last year. He joined the retailer as chief merchandising officer of Walmart Canada, and in 2010 was named executive vice president of merchandising for Walmart U.S., responsible for consumables, health and wellness, and walmart.com. More

  • Tommy Hilfiger Furniture on the Way

           Tommy Hilfiger has announced a licensing agreement with LF Products, a division of global consumer products sourcing company Li & Fung, to produce its first line of indoor residential furniture. The line will include two collections of case goods, occasional and upholstery, and is set to hit key stores and e-commerce platforms in the U.S. and Latin America this fall. More

  • Gourmet Catalog Expands Ranks

    Gourmet Catalog logoGourmet Catalog & Buying Group recently increased its membership ranks to a record 351 locations nationwide, the housewares buying group said. “Reaching this milestone is a good indication to me that independents embrace the camaraderie and experience that GC membership brings,” said Janis Johnson, president and founder of Gourmet Catalog & Buying Group. More