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  • Costco Q2 Net Gains 29.2 Percent

           Increased sales and a tax benefit in connection with a special cash dividend helped drive Costco’s second-quarter net income up 29.2 percent to $598 million. According to Richard Galanti, the warehouse-club retailer’s chief financial officer, Costco’s bottom line benefited from a $57 million tax benefit in connection with a special cash dividend to the company’s 401-K plan participants, issued in February. More

  • Revenue—and Losses—Gain at Wayfair

           Wayfair ended its fiscal year on Dec. 31 with impressive gains in net revenue for both the year and the fourth quarter. However, the red ink on its bottom line deepened for both periods as the online retailer continues to plow money into customer acquisition. Net sales for the year climbed 44 percent to $1.3 billion, following a 38.4 percent increase in fourth-quarter sales to $408.6 million. More

  • Kas Rugs Bolsters Sales Team, Promotes Reiss

    Vee CurfmanKas Rugs has boosted its sale team with two promotions and one addition. Wendy Reiss, who has been with Kas for more than 14 years, has been named vice president of sales and national accounts. In addition, the company has appointed Vee Curfman sales manager for the South and Midwest territories and Sandy Ford as sales manager for the East and West coast territories. More

  • NPD: Millennials Boosting Share of Small Appliance Sales

    npdlogoMillennial consumers are growing their market share in the market for small kitchen appliances, according to new research by The NPD Group. Last year, the under-35 age group accounted for 26 percent of the $6.2 billion small appliance market, up from 21 percent in 2013. This demographic was also the only one to increase its sales last year as well, NPD said. More

  • Taylor Dayne and Christopher Cross to Perform at High Point Market

    Taylor DayneThe Spring High Point Market’s Stars Under the Stars series will feature Taylor Dayne and Christopher Cross. Dayne will play High Point Market’s Center Stage on Saturday, April 18. More

  • Target Outlines Change Strategy; Home a Key Category

    TargetYesterday’s meeting with financial analysts gave Target the opportunity to spell out its strategy to transform its business, including its home department. Brian Cornell, president and CEO, said, “Redefining Target will require a renewed emphasis on prioritization and innovation, and above all else, putting our guests first in everything we do.” More

  • Macy’s Targets Millennials

    Jeff GennetteSpeaking to an investor conference here yesterday, Macy’s Inc. President Jeff Gennette touched on Macy’s strategy to capture millennial households – and mentioned a couple of competitors including Home Goods and Bed Bath & Beyond.At the Bank of America Merrill Lynch 2015 Consumer & Retail Conference, Gennette said Macy’s is working to leverage its bridal registry to make life-long customers of young couples across multiple product categories. More

  • Walmart, Target, Williams-Sonoma Among Top Companies for Executive Women

    NAFEThe National Association of Female Executives (NAFE) has cited Walmart, Target and Williams-Sonoma among the top 50 companies for executive women in 2015. The companies that appear on the list “work hard to nurture corporate cultures that welcome and celebrate women at the executive level,” NAFE said. The organization credited Target for its “great perks,” including day-care discounts, concierge services and tuition assistance. More

  • Las Vegas Market, Gourmet Catalog Partner for Summer Market

    Las Vegas MarketLas Vegas Market has forged a partnership with Gourmet Catalog Buying Group to support the launch of the new C11 showroom floor dedicated to gourmet housewares, tabletop and specialty food lines for its summer market.“Las Vegas Market is delighted to be working with Gourmet Catalog to develop exclusive and individualized at-market activities for its western members,” said Dorothy Belshaw, president of Gift & Home Décor, International Market Centers. More

  • Swissmar Appoints Reid and Bitton to Sales Positions

    Eric ReidHousewares company Swissmar has named Erik Reid as director of sales, responsible for U.S. sales and for building the company’s presence in the U.S. market. In addition, the company has appointed Andre Bitton as regional sales manager, reporting to Reid. More

  • StoreBound Renews Maytag License

    StoreBound2014StoreBound said it is extending its license agreement for irons with Whirlpool’s Maytag brand for an unspecified multiyear term.The company has been producing Maytag irons since 2011. Kelley Rich, Whirlpool’s licensing category manager, said StoreBound “has done an outstanding job of extending the laundry heritage of the Maytag brand into the steam-iron category.” More

  • C-CAP to Support Students in Chicago

    C-CAPOn Sunday, Mar. 8, during the International Home + Housewares Show in Chicago, the Culinary Futures cocktail hour and silent auction will take place to support Careers Through Culinary Arts program (C-CAP). Hosted by HIC, Harold Import Co., Conimer Corporation, Primula, Fletchers’ Mill and R.S.V.P. International, Inc., the sixth annual event brings together industry professionals and friends to benefit C-CAP. More