Retail briefs

Kohl's adds table linen buyer

Kohl's buying office recently added Debbie Rowland, formerly in a planning position at the company, into the slot of table linens buyer. Carol Knuth, who had been in that position, is now manager, e-commerce content.

Compensation cuts Costco; home store 'encouraging'

Costco Wholesale today reported a 5 percent drop in second quarter profits, including a $26 million pre-tax charge for rising workers' compensation claims, particularly in California.

New compensation laws in California are "abusive," according to Richard Galanti, cfo. About one-third of Costco's employees work in California, but they account for two-thirds of the company's total compensation expense, he noted. Companywide, worker compensation claims average $26,000, while in California they average $70,000, he said in a conference call with analysts.

Still, Costco will continue to push growth adding about 30 units a year over the next two to three years, Galanti said.

Additionally, early reports from the company's new home furnishings specialty store, Costco Home, are encouraging, he said. The unit opened last December in Kirkland, WA, as a test.

"So far, so good," Galanti said. "My sense is that we won't make any plans beyond this first test location for at least another six months."

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!