Retail briefs

Wal-Mart's German branch improving

At last week's UBS Warburg's Global Consumer Conference in New York, Wal-Mart discussed its international division, its "best performing division this year," said Jay Fitzsimmons, senior vp and treasurer. Regarding its operations in Germany, which Wal-Mart entered in 1998 with the purchase of Wertkauf, Fitzsimmons said, "This was a fixer-upper." He continued, "We said it was going to take three years to be profitable." The problems Wal-Mart faced there were not consumer issues, he said, but issues that the company caused. Now, however, the company is seeing improvements in its German stores, which have been accomplishing some of the higher comps internationally for the company, he said. "We're executing better in that market, and we will be profitable in the near term."

The Home Co. opens in Atlanta market

The Home Co., a Dallas-based furniture retailer that also offers rugs and decorative accessories, opened its third store last week, a 90,000-square-foot location in Atlanta's Discover Mills mall. With two locations in the Austin/San Antonio and Washington/Baltimore markets, the company plans to open Chicago and Denver locations next year.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

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 digital edition

See the June 2017 issue of Home & Textiles Today. In this issue, we discuss how U.S, ports are gearing up for the future, and what to expect from second half trade shows. See details!