Home & Textiles Today Staff -- Home Textiles Today, May 1, 2006
Wal-Mart Shuffles Home Merchants
Wal-Mart is reshuffling some home merchandising responsibilities among its senior vice presidents and general merchandise managers. Lucy Cindric, who formerly headed apparel, will now oversee seasonal and soft home, including bed and bath. Paul Beahm is shifting out of soft home to cover the hard home division, including hardware, housewares, home furnishings, small appliances, lawn and garden, stationery and paint.
Cindric will be replaced in apparel by Karen Stuckey, who formerly worked with the New York trend office. All three will continue to report to Claire Watts, executive vp of merchandising and apparel.
Martha Stewart: a Macy's Home Tithing
The Martha Stewart Collection that will launch exclusively at Macy's in fall 2007 is targeting about $400 million in sales, or roughly 10% of the nameplate's $4 billion in home furnishings volume, according to Martha Stewart Living Omnimedia (MSLO).
MSLO will add staff soon to help develop the line, said Susan Lyne, president and ceo, during a quarterly conference call with analysts last week. That investment will range up to $1 million this year as MSLO works with Macy's to create merchandise tailored to the department store's “more upscale” customer.
Mednick Talks to HTT about Online Trends for Textiles