Belk whacks debt. Controlling interest shifts to new ownership
Charlotte, N.C. – Lenders to Belk now have assumed greater control over the regional department store and provided fresh financing. The company announced that it has completed a deleveraging...
View ArticleCourt date set in FTC battle to block $4 billion Tempur Sealy, Mattress Firm...
Washington – An answer regarding whether or not Tempur Sealy International can acquire Mattress Firm will have to wait until December. The Federal Trade Commission’s Office of Administrative Law Judges...
View ArticleRoss powers ahead toward 2024 store opening goal
Dublin, Calif. – Ross Stores continues to build out its presence in both existing and new markets with recent openings across 17 states. The off-price retail company added 21 Ross Dress for Less...
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Macy’s new SVP/GMM for home tasked with diversifying product line-up
Sabina Israelian-Garcia (Photo provided by Macy’s Inc.) New York – Macy’s has promoted from within for its new senior vice president, general merchandising manager of Home, Foods and Toys. Sabina...
View ArticleKohl’s tells corporate workers it’s time to come back to the office.
Menomonee Falls, Wis. – Kohl’s is the latest national retailer to issue a return-to-office mandate to headquarters staff. All corporate employees living within 30 miles of Menomonee Falls must start...
View ArticleNRF’s 2024 top 100 retailers list reflects ‘post-pandemic return to normal’
Washington – The National Retail Federation has released its annual list of the Top 100 Retailers, its annual ranking of the industry’s largest companies according to domestic sales. “This year’s list...
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New merchandising chief for QVC US has a broad retail background
Mara Sirhal (Photo provided by Qurate Retail Group) West Chester – The new chief merchandising officer for Qurate Retail Group’s largest business unit has worked in the off-price, department store and...
View ArticleTakeaways from Beyond’s Q2 call: Lightness, liquidation and a loyalty program
Midvale, Utah — While Beyond Inc. won’t be opening up stores for its Bed, Bath & Beyond, Overstock and Zulily brands, there are still many options on the table as the company looks to bring itself...
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Walmart names new SVP of Home Division
Creighton Kiper (Photo provided by Walmart) Bentonville, Ark. – The new senior vice president of the Home Division at Walmart U.S. is a 16-year veteran of the company. Creighton Kiper, formerly VP of...
View ArticleLooking for better sleep? Ikea unveils ‘sleepeasy’ in NYC popup
CONSHOHOCKEN, Pa. — Ikea U.S. is unveiling today The Ikea Sleepeasy, an immersive experience showcasing the new range of affordable products and solutions to enable better sleep. For two weekends in...
View ArticlePottery Barn looks to cast a spell with co-branded collection
San Francisco – Pottery Barn’s new multi-category collection Halloween decorating, entertaining, and gifting was created in concept with a critically acclaimed Netflix series. The home furnishings...
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Wayfair senses ‘category correction’ after soft customer spending in Q2
Boston — Cautious customer spending was reflected in Wayfair’s second quarter earnings, with total net revenue down 1.7% to $3.1 billion and U.S. net revenue off by 2% to $2.7 billion. The primarily...
View ArticleKohl’s begins rolling out new BRU shops | Video tour
https://corporate.kohls.com/content/dam/kohlscorp/media-gallery/videos/BabiesRUs%20B-roll.mp4 Video footage provided by Kohl’s Menomonee Falls, Wis. – The first group of Babies “R” Us shops at Kohl’s...
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Next up from Wayfair: A Perigold store
Perigold logo provided by Wayfair Boston — With the opening of its flagship store in suburban Chicago a few months ago, online home furnishings retailer Wayfair brought its physical store count to...
View ArticleOnline store sales make modest gain for Amazon in Q2
Seattle — Amazon.com Inc. saw net sales rise by 10% in the second quarter, fueled by its Amazon Web Services segment, which grew 19% year-over-year in comparison with a 9% increase for its North...
View ArticleBig Lots amends credit agreements; could close up to 315 stores
Columbus, Ohio — In an Aug. 2 filing with the U.S. Securities and Exchange Commission, Top 50 retailer Big Lots revealed that it has amended its credit agreement and plans to close up to 315 stores. On...
View ArticleWilliams-Sonoma highlights sustainability in 2023 Impact Report
San Francisco — Williams-Sonoma Inc., a digital-first, design-led and sustainable home retailer, has published its 2023 Impact Report, highlighting its progress towards the company’s industry-leading...
View ArticleSheex strikes retail partnership with customized mattress brand
Milwaukee – A suite of Sheex bedding products are now being carried by a retail chain that produces locally crafted, customizable mattress. The sleep accessories supplier has forged a retailer...
View ArticleFamily Dollar moves to boost its merchandise strategy
Pittsburgh – Family Dollar has struck a strategic partnership that aims to elevate its product assortment. The hard discount chain – which parent company Dollar Tree recently put up for acquisition –...
View ArticleQVC/HSN and Cornerstone muddle through another soft quarter
Englewood, Colo. – Qurate Retail pointed to a challenged macro environment as it reported results for the second quarter, ended June 30. At its QxH division – comprising the QVC U.S. and HSN – revenue...
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