Big Lots’ sale to Nexus approved in court
Dover, Del. — An asset purchase agreement for Top 50 retailer Big Lots was approved on Nov. 22 in the U.S. Bankruptcy Court for the District of Delaware, clearing the way for its acquisition by...
View ArticleKohl’s appoints new CEO as Kingsbury announces his exit
Menomonee Falls, Wis. – Kohl’s has hired a veteran retailer with experience in the specialty, warehouse club and discount store channels to succeed CEO Tom Kingsbury in early 2025. Yesterday evening,...
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New businesses pop, but core departments still a drag at Kohl’s
Menomonee Falls, Wis. – Kohl’s is taking a more conservative financial outlook for the remainder of the year after an underwhelming third quarter. “Although we had a strong collective performance...
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New stores drive sales gain at Burlington Stores
Burlington, N.J. – Sales were up smartly at Burlington Stores during the third quarter, but comparable store sales were tepid. Total sales climbed 11% to $2.5 billion on top of 12% growth in the...
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Lord & Taylor relaunching with home categories in the assortment
Image provided by Lord & Taylor/ Regal Brands Global New York – The Lord & Taylor brand is getting a reboot, launching next month as a DTC featuring apparel and home products. The company’s...
View ArticleDollar General names new VP/DMM for PopShelf concept
Goodlettsville, Tenn. – PopShelf, Dollar General’s format carrying higher-margin goods, has a new VP/division merchandise manager. The company has promoted Shreeka Meadows to the role, according to...
View ArticleCase closed? Not quite for FTC v Tempur Sealy, Mattress Firm
Houston – Closing arguments in the court case here between the Federal Trade Commission and Tempur Sealy International and Mattress Firm are set for Dec. 16 in the U.S. Court for the Southern District...
View ArticleEasy does it at Ikea’s Miami sleep event
Miami Beach, Fla. — It couldn’t be any easier, according to Ikea U.S. … sleep that is. The Ikea located in Miami Beach is hosting three days of music, dancing, food, art, a sound bath and other sleep...
View ArticleDécor bumps up online sales over the holiday but order volumes lag
San Francisco — Global online spending on Black Friday rose to $74.4 billion this year, up about 5% from $71 billion in 2023, but furniture order volume lagged, despite some modest discounting....
View ArticleBlack Friday recap: Fewer shoppers hit the stores
Campbell, Calif. — Shoppers’ visits to stores were down over Black Friday weekend, reflecting a trend toward more cautious spending, including in the home category, according to in-store traffic...
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3 retailers pulled in crowds as powerhouse peers saw softer traffic
New York – Just three chains among HTT’s Top 50 home textiles retailers drove double-digit gains in store traffic during the official kick-off to the holiday season. HomeGoods’ Black Friday store...
View ArticleHome merch, Amazon found favor among shoppers, Numerator’s holiday survey...
Chicago — Online shopping took home the greatest share of Cyber Weekend sales, with Amazon enticing 86% of consumers for all or some of their spending, according to Numerator. More than half of the...
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Citi Trends’ comps pop, loss widens
Savannah, Ga. – Despite mixed results during the third quarter, Citi Trends is feeling more confident about its trajectory. During the third quarter, the 593-unit value retailer – which specializes in...
View ArticleHoliday shopping numbers exceed NRF expectations
Washington — Nearly as many holiday shoppers turned out for the five-day Thanksgiving weekend as did last year, according to figures tracked by the National Retail Federation. An estimated 197 million...
View ArticleDollar Tree bounces back, improves outlook
Chesapeake, Va. – Traffic primarily drove third quarter gains at Dollar Tree and Family Dollar Stores, both of which comped positively. “Our Dollar Tree and Family Dollar merchandising efforts produced...
View ArticleWayfair outlines ways it’s capturing share during home category ‘malaise’
New York — Wayfair’s strategy is to continue to take share in a home furnishings category “that doesn’t have a lot of energy behind it,” explained Niraj Shah, CEO, co-founder and co-chair of Wayfair...
View ArticleDollar General boosts top line despite weakness in discretionary sales
Goodlettsville, Tenn. – Although Dollar General’s core lower-income customers continue to spend carefully, the dollar store chain moved the needle on sales during the third quarter. For the quarter...
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Kirkland’s eyes benefits of Beyond partnership, extends comp growth
Nashville, Tenn. — Despite the impact of hurricanes in its stores’ trading areas, specialty home retailer Kirkland’s saw comparable store sales rise by 1.6% for the third quarter, marking its fourth...
View ArticleJCPenney comes out on top in best stores list
McLean, Va. – For the second year in a row, JCPenney was awarded the number one spot in USA Today’s 10Best Readers’ Choice Award for Best Department Store. Nominees for the category – which included...
View ArticleMacy’s in the crosshairs of new activist group
A group comprised of shareholders Barington Capital Group and Thor Equities have created a presentation outlining strategies they believe could greatly boost returns. Released early this morning, it...
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