ATLANTA–Wools of New Zealand held its annual Fashion Dynamics competition at the recently completed Surfaces, where retailers were able to see and vote on 36 Wools of New Zealand and Laneve-branded products. Judging took place over a two-day period at the show, and awards were presented to the first- and second-place winners. In the best … More »
This has not been a funny year. There has not been much to laugh about for the millions of people out of work, for those who have watched their personal financial situations deteriorate and for all the companies struggling to survive the worst economic period in several lifetimes. So, in this annual ritual of suggesting … More »
NEW YORK–John A. Thain has been named chairman and chief executive officer of CIT, effective immediately. According to a company statement, Thain will “continue CIT’s transition to a more streamlined commercial lender focused on serving the small-business and middle-market sectors, and optimizing the company’s business model.” CIT emerged from Chapter 11 bankruptcy protection in December. … More »
The news a few weeks ago that Walmart had set up a huge sourcing infrastructure in Asia and that it was going to aggressively expand the amount of direct importing it was doing was not just massive: it was Walmartian massive. I think in a few years the general merchandise industry will look back at … More »
NEW YORK–Bed Bath & Beyond will start selling a line of Real Simple household products starting in March, according to press reports. Real Simple products at Bed Bath & Beyond will include storage bins and closet organizers. Target already sells home-office branded products named after the women’s magazine.
ATLANTA–Sales of Remington-branded products totaled $162.8 million in the first fiscal quarter for Spectrum Brands, the brand’s parent company—an increase of 12.4 percent over the first fiscal quarter of 2009. The Remington gain helped Spectrum’s Global Batteries and Personal Care segment to a 10.1 percent increase in sales for the quarter, which reached $428.6 million. … More »
ST. PETERSBURG, Fla.–HSN has appointed Greg Henchel as executive vice president, general counsel and secretary, effective Feb. 15. Henchel will manage the company’s corporate legal strategy and oversee the legal department, reporting directly to Mindy Grossman, HSN, Inc., chief executive officer. Henchel joins HSN, Inc., from Tween Brands, Inc., where he served as senior vice … More »