Big Lots’ stalking horse raises $765 million to fund deal
Dover, Del. — Nexus Capital Management, the stalking horse bidder for the assets of Top 100 retailer Big Lots, has obtained $765 million in committed financing to support its proposed acquisition....
View ArticleRoss Stores finds its new CEO
Dublin, Calif. – Ross Stores has completed its CEO succession search to replace outgoing chief executive Barbara Rentler in early 2025. The off-price retail company has appointed James Conroy to run...
View ArticleHomeGoods gets cracking on Holiday 2025 with decorating kick-off & NYC pop-up
Framingham, Mass. – The holiday decorating season at HomeGoods stores will begin this Friday with early store openings, a sweepstakes and a celebrity partnership. On Nov. 1, HomeGoods stores will open...
View ArticleDefying gravity: Bloomingdale’s brews up a Wicked holiday collection
New York – Bloomingdale’s will unveil a curated, multi-category collection next week as its 2024 holiday campaign takes flight. In partnership with Universal Pictures’ new cinematic event, Wicked,...
View ArticleReal estate firm accepting bids on 255 Big Lots leases
Columbus, Ohio — A&G Real Estate Partners is accepting bids on 255 Big Lots store leases in 41 states. The availability of the leases is part of the discounter’s restructuring and sale process....
View ArticleContainer Store CEO looks ahead to Bed Bath & Beyond partnership
Coppell, Texas – Beyond Inc.’s $40 million investment in The Container Store awaits shareholder approval, but the specialty retailer is already anticipating the benefits of the licensing partnership....
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See the displays that won these global retailers a Gia Top Window Award
Previous Next Loeb AG, located in Switzerland, won in the large company category. (Photo courtesy of the International Housewares Association.) Harrods, located in the United Kingdom, won in the large...
View ArticleAmazon keeps chugging along with 11% sales growth in Q3
Seattle — It was another positive quarter for Amazon, as net sales for the online retailer rose by 11% to $158.9 billion in the third quarter of 2024. North America sales reached $95.5 billion, up 9%,...
View ArticleFormer window merchant Maria Odenkirk notches a milestone after severe stroke
Naperville, Ill. – Maria Odenkirk is taking a big step up this weekend. Actually, she’s taking 2,149 of them. On Nov. 3, she will take part in 16th Annual SkyRise Chicago challenge, climbing 105...
View ArticleWayfair Q3 results show ‘resilience’ to industry challenges
Boston — Despite consumer trepidations on spending, Wayfair continues to take market share, said Niraj Shah, CEO, co-founder and co-chairman during the company’s third quarter earnings call. “Q3 marked...
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HomeGoods, Costco lead the pack with Q3 store visit growth
New York – Third quarter traffic trended positive for many major home textiles retailers, but two stood out distinctly. HomeGoods drove the sharpest increase in store visits among the home goods...
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All aboard The Polar Express: Next stop, Pottery Barn
San Fransisco – For the holiday season, Pottery Barn is tying up with a beloved holiday movie – but this collection mostly targets grown-ups. The new The Polar Express x Pottery Barn assortment...
View ArticleSears/Kmart parent among top unsecured creditors in Franchise Group bankruptcy
Delaware, Ohio — Transform Holdco LLC is on the list of top unsecured creditors in Franchise Group’s Chapter 11 filing. Transform Holdco, the company created by Eddie Lampert to house Sears and Kmart,...
View ArticleDollar Tree Inc. begins CEO search as Dreiling abruptly steps down
Chesapeake, Va. – Dollar Tree has appointed an interim CEO and elected a new chairman in the wake of Rick Dreiling’s departure from the company, which was effective Nov. 3. Dreiling joined Dollar...
View ArticleN.C. capital city is home to newest RH showroom
Corte Madera, Calif. — Top 50 retailer RH announced the opening of RH Raleigh, The Gallery at North Hills. Located at 4120 Lassiter Mill Road, the Corte Madera, Calif.-based retailer’s latest showroom...
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Report finds both online, in-store shopping have traction for home retailers
Austin, Texas — The task of reaching customers where they are and enabling them to shop how they want to shop is a constantly moving target for home goods retailers. Consumer preferences and spending...
View ArticleRetailers, the NRF speak out against Trump tariff proposals
Washington – American consumers could lose between $46 billion and $78 billion in spending power each year if new tariffs on imports to the U.S. are implemented, according to a new study released by...
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Sales take a hit across the board at QVC/HSN and Cornerstone
Photo credit: QVC Lancaster exterior from QVC media assets. Englewood, Colo. – Qurate Retail Group expected the third quarter to be its toughest of the year, but business turned out to be worse. Sales...
View ArticleSome like it hot: Bedsure collection channels iconic Blond Bombshell
New York – DTC soft home brand Bedsure has a couple of big projects on its plate: a pop-up shop in NYC and a new licensed bedding collection. The online retailer has just released its new Marilyn...
View ArticleWayfair’s COO to exit; Blotner steps into role as president-commercial and...
Boston — Thomas Netzer, chief operating officer at Wayfair, is stepping down at the end of the year. Netzer, who has been with Wayfair since 2018, will remain with the retailer for a transition period,...
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