Belk restructures board with new outside chairman and 3 fresh appointees
Charlotte, N.C. – After securing fresh financing from its lenders in July, Belk Inc. has reconfigured its board of directors. The new members of the board will join Belk CEO Don Hendricks as the...
View ArticleKohl’s amps up Babies partnership with registry launch
Menomonee Falls, Wis. – Now in the process of rolling out Babies “R” Us shop-in-shops in 200 of its stores, Kohl’s has extended the collaboration into the digital realm. The co-branding partnership is...
View ArticleOllie’s scoops up some shuttered Big Lots units
Harrisburg, Pa. – Ollie’s Bargain Outlets is doing some bargain hunting at the bankruptcy court. The closeout retailer announced that it was the winning bidder in a bankruptcy sale process to acquire...
View ArticleHoliday sales bump ahead? Online home & furniture category forecast for growth
San Jose, Calif. – E-commerce sales of home furnishings and furniture won’t quite get to 5% growth during Holiday 2024 but should see a real year-over-year gain, according to a new forecast from Adobe...
View ArticleConsumers plan to spend this holiday season. But how much?
Chicago – Despite economic pressures, consumers are still looking to spend this holiday season. According to a new report from Circana, consumers intended to spend more than they did in the last two...
View ArticleTempur Sealy, Mattress Firm lawsuit says FTC court violates companies’ rights
Houston – Tempur Sealy International and Mattress Firm are suing the Federal Trade Commission in federal court in Houston, saying the government agency should not be allowed to adjudicate the proposed...
View ArticleClik here to view.
Beyond Inc. to lay out its strategic vision for the future
Midvale, Utah – Beyond Inc. will livecast an investor event later this month to provide an update on its key initiatives – likely including its plans for Bed Bath & Beyond physical stores. The...
View ArticleOn the move – World Market’s new stores are its first in 3 years
Alameda, Calif. – Home furnishings chain World Market is opening new locations for the first time since it was acquired by a private equity firm in 2021. The specialty retailer recently grand opened...
View ArticleClik here to view.
JCPenney sales go slack as traffic sputters
Plano, Texas – JCPenney swung to a loss during the second quarter as weaker traffic drove down sales. Sales for the quarter ended Aug. 3 fell 8.9% to $1.5 billion, according to a filing from JCPenney...
View ArticleBig Lots adds 46 more stores to closing list
Columbus, Ohio — As part of its ongoing Chapter 11 bankruptcy proceedings, Top 100 retailer Big Lots added 46 stores to its closings list on Oct. 4 in the U.S. Bankruptcy Court for the District of...
View ArticleSears seeks rent relief for its handful of remaining stores
Hoffman Estates, Ill. – Now down to fewer than a dozen stores, Sears is reportedly looking for rent concessions so that it can keep the lights on. Bloomberg news reports that Sears is working with...
View ArticleBig Lots loses $40 million in soft home sales in 1st half
Columbus, Ohio – Sales of soft home merchandise at Big Lots fell more sharply than the overall company’s sales declined during the first six months of the fiscal year. Soft home sales dropped more than...
View ArticleClik here to view.
Lower prices? Largest Ikea retailer says yes
Leiden, Netherlands — Economic uncertainties, higher interest rates and inflation contributed to the business challenges of home furnishings retailers in recent months, but these factors also played a...
View ArticleHome furnishings sales lagged the broader trend in September | CNBC/NRF...
Washington – Although retail sales dipped in September compared to August, consumers continued to spend more than they had in the year-ago period. Total retail sales, excluding automobiles and...
View ArticleClik here to view.
Pottery Barn expands Chris Loves Julia collaboration with new home collections
San Francisco — Pottery Barn, Pottery Barn Kids, and Pottery Barn Teen, part of the Williams-Sonoma portfolio, announced the expansion of their collaboration with Chris and Julia Marcum of the design...
View Article500 and counting? Big Lots closes more stores
Columbus, Ohio — Top 100 retailer Big Lots announced a fifth round of closings on Oct. 11 in the U.S. Bankruptcy Court for the District of Delaware. In the filing, the Columbus, Ohio-based discounter...
View ArticleBankruptcy filing: Salvage chain lists major retailers as top unsecured...
Hattiesburg, Miss. – Channel Control Merchants, the parent company of Dirt Cheap and Bargain Hunt, has filed for bankruptcy and has already announced some GOB sales on Facebook. HDC Holdings II LLC and...
View ArticleMacy’s jumping on the NYC holiday market bandwagon
New York – The Big Apple’s annual holiday markets are a big draw, and now Macy’s is getting in on the action. Macy’s will unveil the first-ever Holiday Square by Urbanspace at its flagship store on...
View ArticleGrants available for retailers rebuilding after Hurricanes Helene, Milton
Since 2022, Heart on Main Street, a nonprofit organization aimed at helping independent retailers, has been providing grants, educational resources and more to the gift and home industry. The...
View ArticleLulu and Georgia expands bedroom options through design collaboration
Los Angeles — Direct-to-consumer furnishings retailer Lulu and Georgia has collaborated with the design duo at DISC Interiors for a new line of bedroom furniture and accessories. DISC Interiors is a...
View Article