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NEWS FROM THE WEB
Fred’s is pharmacy-focused for the future
Memphis – As it began in Q2 to transition to a “convenience, pharmacy-centric model,” Fred’s is streamlining some higher-margin areas like home décor and apparel to free space for more “immediate needs” categories that are turning more sales.
Soft home best performer at Big Lots
Columbus, Ohio – Recent enhancements across soft home are producing results – and fast – at Big Lots, which cited the department as its best business segment during the second quarter with high single-digit comp gain.
Li steps up at Ralph Lauren Home
New York – William Li has been named president of Ralph Lauren Home, succeeding Ian Sears.
Cotton price 67 cents
New York – Thursday’s end-of-day price on Cotton #2 futures for October contracts was 67 cents.
Williams-Sonoma to reopen original store
San Francisco – It was 1956 when ex-GI and building contractor Chuck Williams bought a hardware store in Sonoma, Calif. that he would soon convert into a emporium offering European cookware, most of it from France. On the occasion of Williams’ 99th birthday this October, Williams-Sonoma Inc. will reopen the original location.
NKJ unveils online retail site
Rochester, Wash. – NJK Enterprises launched a new e-commerce operation at www.FoodiesCookware.com this week.
Quench dresses up multi-purpose barware
New York – Quench has introduced two premium editions of its Bar10der, the 10-in-1 cocktail accessory that resembles a Swiss army knife…for mixologists.
S’well gets exotic
New York – Swell’s latest collection of portable drinking bottles takes a walk on the wild side.
- JCPenney home gaining back ground
- Is the Bottom Falling Out Of the Bottom?
- Duking It Out For Market Share
- Fred’s is pharmacy-focused for the future
- Soft home best performer at Big Lots
- Li steps up at Ralph Lauren Home
- Players Guide to Utility Bedding
- George Foreman makes another comeback
- Peacock Alley lands new AmericasMart home for markets this summer
- Big Lots finds “ideal” in new prototype that brings furniture up front
- Target opens doors later at most of its stores
- Walmart customers still shopping cautiously
- Cotton price 68 cents
- Cotton price 68 cents
- BTS season lingers, lifting comps as classes get started again
- Newport taps Camblin for newly created post
- Home Depot names Menear ceo, prez
- Bon-Ton ekes out better sales
Top 50 Retailing Giants
Tex Genius Contest
Home Alone 3
August 19, 2014“I was influenced a lot by those around me - there was a lot of singing that went on in the cotton fields.” ----Willie Nelson Well, if they were singing back in the days when Willie was picking cotton, they’ve got be doing the Hallelujah Chorus these days. The price of cotton is down to about the lowest level it’s been since 2008 and it is settling into the historical range of cotton pricing for much of the decade before. Given the wild ride cotton prices have taken over the past few years, this is major news for the ...
On The Beat
August 19, 2014After 16 years of marriage, I can count on one hand, maybe two max, the number of times I’ve gone shopping – and I mean really shopping – with my husband, Oscar, in tow. And I include here the grocery store. But in recent months, I’ve noticed this start to change, thanks to our iPad and his new cell phone. Often when I think he is reading a book or the news on his mobile devices, I discover that he is actually comparison-shopping for something we need like a new refrigerator or – gasp – something simple that he just wants, like ...
August 19, 2014Walking around the NY Now show at the Javits this week, one can’t help wondering: How can there be so many companies in business that don’t live and die by selling container-loads of merchandise to Macy’s, Walmart and Bed Bath & Beyond? Yet, there they are. And two exhibitors worth noting: Etsy and The Grommet. Both are there this week debuting their services as wholesale providers. Etsy, founded in 2005, is an online direct-to-consumer seller of handmade, vintage and uniquely manufactured items. The Grommet, established in 2008, is a product launch platform for the Maker community. At NY ...
Home Alone 3
August 11, 2014We all know the economy is still not behaving the way we think it should, given the time and effort spent on the Great Recovery from the Great Recession. And while some can point to the upper end of business and declare everything OK, it’s at the other end of the spectrum where the most troubling news is. If you’re an economist — or can understand what in the world they are talking about — you know that all of the macro-numbers point to a lower-income consumer with less buying power and an increasingly dwindling share of disposable income. If ...
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