Wayfair readies offer of $700 million in senior secured notes
Boston — Wayfair LLC, a subsidiary of e-commerce home furnishings retailer Wayfair Inc., plans to offer, subject to market and other conditions, $700 million in senior secured notes in a private...
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Textiles and tariffs: HTT survey shows split outlook amid economic uncertainty
New York – The uncertainty over the current economic situation, exacerbated by the recently imposed tariffs on China, Canada and Mexico, is reflected in the outlook from textile industry importers and...
View ArticleVariety Wholesalers to open first 9 revived Big Lots stores in April
Henderson, N.C. — The first nine Big Lots stores under Variety Wholesalers’ ownership will have soft openings on April 10. And when the nameplate does reopen, the brand doesn’t expect to initially be...
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Kohl’s CEO: Turnaround is going to take some time
Menomonee Falls, Wis. – Kohl’s is planning to take a hit on both sales and profit this year as it reworks the product mix to recapture lost business. Under the leadership of CEO Ashley Buchanan, who...
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Cozy Earth opens its first brick & mortar store
Photo provided by Cozy Earth Lehi, Utah – DTR brand Cozy Earth has opened the doors to its first retail store, giving shoppers a chance to feel its luxury fabrications in person. The store is located...
View ArticleChina reprimands Walmart on tariff strategy | Reports
Beijing – Officials in China called Walmart executives in for a summit to express their displeasure with the company’s attempt to offload higher tariff costs onto its suppliers, according to numerous...
View ArticlePopShelf to shutter nearly 20% of its locations
Goodlettsville, Tenn. – PopShelf, the Dollar General concept focused on discretionary categories including seasonal and home decor, will pare down its footprint. As part of its store optimization...
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Dollar General sees lower traffic, higher spend in Q4
Goodlettsville, Tenn. – The holiday quarter at Dollar General reflected the retailer’s Back to Basics strategy of improved store-level execution. Net sales rose 4.5% to $10.3 billion, driven by...
View ArticleTariffs, weather impact February retail sales, but year-over-year growth...
Washington – Retail spending declined on a monthly basis in February amid concern over tariffs but continued to grow year over year as the economy remained strong, according to the latest CNBC/National...
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Target shed $1 billion in home furnishings sales in 2024
Minneapolis – Target’s downward trajectory in home furnishings and décor sales continued for the third year in a row. Sales dropped 4.3% to just under $17 billion for the fiscal year ended Feb. 2,...
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Home sales drop again at Kohl’s, but not as badly
Menomonee Falls, Wis. – Every category of business except Sephora lost ground at Kohl’s last year but home declined the least. Among the six categories of business the retailer broke out in its 10K...
View ArticleHome furnishings lags behind other categories among online shoppers
New York — Furniture and décor retailers and suppliers have ample room to grow their online business, based on findings from a recent consumer survey from performance marketing company, Wunderkind....
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Liquidation begins today for most Hudson’s Bay stores
Logo supplied by HBC Toronto – Canada’s oldest company will begin going-out-of-business proceedings for nearly all of its 80 Hudson’s Bay stores today. Hudson’s Bay Company ULC, the Canadian entity...
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Beyond Inc. ready to relaunch buybuy Baby business
Murray, Utah – The buybuy Baby retail brand will relaunch as an e-comm business right before Mother’s Day, kicking off with a “Baby Days” sales event. The May 8 rebirth will include daily giveaways. In...
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Macy’s Inc. home segment sales tumble by double-digits
New York – The home segment continues to contribute less and less to Macy’s Inc.‘s overall annual sales tally and last year fell to 15.2% of total merchandise revenue. Total sales in the Home/Other...
View ArticleFamily Dollar sold to investment firms with activist history
Chesapeake, Va. – Dollar Tree Inc. plans to sell the Family Dollar business to a pair of firms that have been active in the “go-private” push at retail. Dollar Tree today announced that it has reached...
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LoveShackFancy expands beyond the kids’ room at Pottery Barn
San Francisco – Lifestyle and fashion brand LoveShackFancy is getting bigger play across the Pottery Barn family of brands. The expansion includes new collections that build on customer reaction to the...
View ArticleIkea’s 9th Texas store will serve San Antonio and Austin
Conshohocken, Pa. — Top 50 retailer Ikea U.S. will open a small city store in San Marcos, Texas, in the spring to better serve customers in both the San Antonio and Austin markets. Located at 917 SH-80...
View ArticleBurlington home sales break $2 billion barrier
Burlington, N.J. – Over the past five years, Burlington Stores Inc. has added more than $1.2 billion in total home category sales. The off-price retailer‘s home sales climbed 9.2% in the fiscal year...
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Ikea’s Life at Home report offers options for creating joy at home
Conshochoken, Pa. — What makes people enjoy their homes every day? According to a new report from Ikea, more than one-third of people globally find enjoyment important but don’t feel it enough at home....
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