Milwaukee – It’s been one of the biggest questions in the retail industry: Where did Kohl’s market share go? At this morning’s analyst day sessions here, Kohl’s ceo answered that question – and began laying out a three-year plan to boost merchandising, marketing and customer engagement. More ...
Northwest plays cameo on GMA
NEWS FROM THE WEB
Tuesday Morning wraps up turnaround
Dallas – As it completed its turnaround effort, off-price chain Tuesday Morning Corporation in its first quarter made strong improvements in its financial results.
Fred’s names new ceo
Memphis, Tenn. – Fred’s Stores evp, cfo and coo Jerry Shore has been named the company’s new ceo. The retailer said it expects to fill the vacant position of president and coo soon.
Dollar General takes the fight to Family Dollar shareholders
Goodlettsville, Tenn. – Family Dollar is preparing to hold a shareholder vote on Dollar Tree’s offer to acquire the company, but Dollar General today said it is launching a proxy fight and urging Family Dollar shareholders to vote against the deal.
Walmart vs. Target in the early holiday fray
Bentonville, Ark. – Walmart will swing into a more aggressive promotional posture for holiday starting tomorrow – 10 days after rival Target stores kicked off the first wave of its seasonal campaign.
Northwest plays cameo on GMA
New York – Former Giants defensive end and recent Pro Football Hall of Fame inductee Michael Strahan was presented with a custom-made “huggler” from Northwest on the set of Good Morning America yesterday.
Mohawk banking on growth for rugs, carpets
Calhoun, Ga. – While its strongest growth in the third quarter came from its ceramic and laminate segments, Mohawk Industries saw its carpet and rug business improve in the period and expects that trend to continue.
Our Top Five Reads of the Week
No tricks, all treats. Which chain restaurant salads clock in at over 1,000 calories? Are you flying one of the most hated airlines in the world? Speaking of which, how do you feel about the new ‘window-less’ plane? Plus: Key points in Kohl’s new three-year plan and MSLO updates its relationship status with Macy’s.
Cotton price 65 cents
New York – Thursday’s end-of-day price on Cotton #2 futures for December contracts was 65 cents. The price on March contracts was 63 cents.
- 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
- Macy’s to open first store outside U.S.
- Tough environment pinches Wal-Mart results
- Home Depot exec becoming new JCPenney ceo
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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