Online Moves From Afterthought To Main Thought For Textiles Suppliers
NEWS FROM THE WEB
Report: Sears Holdings to shutter up to 100 stores
Hoffman Estates, Ill. – Sears Holdings is preparing to lay off more than 5,000 workers and shutter multiple locations by the end of January, according to a report from Seeking Alpha.
Overstock sales sing
Salt Lake City – Higher investments in technology took a bite out of Overstock’s bottom line during the third quarter, but revenue and gross profit generated healthy increases for the online retailer.
Sentiments Home lands on Fortune’s Inner City 100 list
Los Angeles – Sentiments Home, manufacturer of quality home textiles and pet products, was ranked the 10 th fastest growing company on Fortune’s Inner City 100 list owing to its 660% five-year growth rate.
Malouf unveils new products
Salt Lake City – Bedding products manufacturer Molouf’s new product introductions at High Point Market this week included Portuguese Flannel, a U.S.-made a mattress topper with latex and a functional mattress bag designed to make transportation or storage clean and easy.
Our Five Top Reads of the Week
Whatever happened to Fab.com? Where’s Target popping up next in NYC? How conservative or liberal is your name? Have you seen Ikea’s spoof on “The Shining” yet? Finally, a look back at Oscar de la Renta’s designs.
Target bouncing back into Manhattan – sort of
New York – Story, the West Side retailer that revamps its focus, merchandise and presentation every four to six weeks, will carry a curated selection of Target merchandise when it reopens for the holiday season Nov. 5.
The battle begins: Target to offer free shipping
Minneapolis – Black Friday is more than five weeks away, but Target has already launched free shipping on all Target.com orders from now through Dec. 20. It will also make more than 65,000 items online available for in-store pick-up – promising 80% of them will be available within an hour of purchase.
QVC promotes Campbell
West Chester, Pa. – QVC has promoted Mary Campbell to executive vp, US commerce platforms, overseeing the strategic direction of the company's TV, web, mobile, tablet and social platforms to drive e-commerce sales.
- Target bouncing back into Manhattan – sort of
- JCPenney home gaining back ground
- Is the Bottom Falling Out Of the Bottom?
- NRF: Holiday shoppers to up their gift giving
- NPD: Consumers waiting till Thanksgiving for holiday shopping
- Wal-Mart Stores to step up ecomm investments
- Players Guide to Utility Bedding
- George Foreman makes another comeback
- Peacock Alley lands new AmericasMart home for markets this summer
- Tough environment pinches Wal-Mart results
- Home Depot exec becoming new JCPenney ceo
- Container Store ceo pens first book
NY Market Videos
Top 50 Retailing Giants
October 20, 2014While traditional retailers of home furnishings are still trying to figure out how to woo the Millennial shopper without alienating her mother, Anthropologie is preparing to make a major run at the business. Think of it as Pottery Barn for Millennials – plus clothing. How serious is this effort? Very. Executives from parent company Urban Outfitters Inc. last month said the nameplate will cut apparel from 71% of the assortment to 53% to blow out its home assortment, which now accounts for just 17% of sales. The company is also preparing to roll out new larger format stores, which at 30 ...
Home Alone 3
October 20, 2014With all due respect to Benjamin Braddock in “The Graduate,” I have just one word for you…at least when it comes to retail ceos these days: operations. If you’re looking for the common denominator in the latest round of big-time retail executive appointments, it’s that virtually every one of these guys – and they are all guys – comes from the operations side of the business. Not one is really a merchant. The de-merchandising of the corner office at American retailing is nothing new. We’ve seen this gain traction for years, but up until very recently it was ...
On The Beat
October 20, 2014OK, I’m confused…Have all of the holidays in the fourth quarter become one single event? Almost everywhere I go I see black Styrofoam tombstones merchandised alongside pumpkin-scented candles one aisle down from candy-striped tablecloths. Store soundtracks are equally confusing – Monster Mash followed by Vince Guaraldi’s jazz rendition of “Greensleeves” with the Peanuts gang. And then last week, Macy’s announced its plans to open its doors earlier than ever on Thanksgiving Day – 6 p.m. compared to last year’s 8 p.m. No wonder so many people plan to shop online. Don’t take it from ...
October 8, 2014Was it really just three weeks ago? The New York Home Fashions Market was hopping and remarkably gripe-free. Showrooms were slammed Monday and Tuesday, and many suppliers I spoke with had at least one or two weekend appointments, as well as a few early drop-ins the Friday before the official kick-off. Bed Bath & Beyond was like the thousand-headed snake god. Everywhere I went a BBB team seemed either to have just left or was expected to soon arrive. Despite the oft-noted softness in the middle market tier of retailers, suppliers continue to design largely for the middle and up. And ...
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