Online Moves From Afterthought To Main Thought For Textiles Suppliers
NEWS FROM THE WEB
Sears looking to generate more cash
Hoffman Estates, Ill. – Sears Holdings Corp. is working on a variety of fronts to pump up its liquidity, announcing an offering of senior notes and warrants as well as a leasing deal with British fashion chain Primark.
Home Depot taps Powers to head U.S. stores
Atlanta – Home Depot today named a new evp for its U.S. stores, an executive who began his career with the home improvement retailer as an hourly store associate in 1986.
Family Dollar moving ahead on Dollar Tree offer
Matthews, N.C. – Despite a push from activist investor Elliott Advisors, which favors Dollar General’s bid to acquire Family Dollar Stores, Family Dollar today announced it will put the offer from Dollar Tree Stores to a shareholder vote.
Karastan unveils new collections
Sugar Valley, Ga. – Mohawk Industries’ upscale rug division, Karastan, is at High Point this week with a bevy of new products in its roster for debut.
Cotton price 63 cents
New York – Friday’s end-of-day price on Cotton #2 futures for December contracts was 63 cents. The price on March contracts was 62 cents.
AICO adds to soft home team
Pico Rivera, Calif. – Jackie Moss, who heads the Michael Amini Distinctive Bedding division at AICO, has been promoted and the company has added another soft lines position as part of a series of executive changes.
Shopko expands omnichannel shipping
Green Bay, Wis. – Following a pilot program, Shopko is now rolling out “buy online/ship to store” to 310 of its locations on thousands of products. When consumers send their orders to the store, there is no shipping fee.
HIA to expand Snuggle brand in soft home
Wilton, Conn. – Sun Products Corporation has signed a trademark licensing agreement with HIA Brands, a home textile provider of sheets, comforters, blankets, throws, bedspreads, tabletop, towels and accessories, to develop and market Snuggle branded home textiles.
- JCPenney home gaining back ground
- Is the Bottom Falling Out Of the Bottom?
- Duking It Out For Market Share
- 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
- Home Depot taps Powers to head U.S. stores
- Family Dollar moving ahead on Dollar Tree offer
- Cotton price 63 cents
- Home Depot taps Powers to head U.S. stores
- AICO adds to soft home team
- Goodweave founder shares Nobel Peace Prize
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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