Publication: Homeworld Business

First reported Aug 29 2014 - Updated Aug 30 2014 - 1 reports

Housewares Vendors Raise ALS Awareness With Ice Bucket Challenge

Housewares vendors across categories have stepped into the chill in the name of charity, with companies across the country participating in the ALS Ice Bucket Challenge. Management teams from WMF Americas and Wüsthof, for example have posted videos of ... [Published Homeworld Business - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 30 2014 - 1 reports

Big Lots Gains In Q2 After Exiting Canada

Today, Big Lots, Inc. posted net income of $19.9 million, or 36 cents per diluted share, for the second quarter of fiscal 2014 ended August 2, versus $18.1 million, or 31 cents per diluted share, in the year-earlier period. The company reported that income ... [Published Homeworld Business - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

Electrolux Joins AllSeen Alliance Open Source Project

The AllSeen Alliance, an “Internet of Everything” open source project that aims to grow connected devices for the home and other markets, has announced that Electrolux has joined the group as a premier member.With the addition of Electrolux, the AllSeen ... [Published Homeworld Business - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

Fred's Plans Big Changes Following Steep Q2 Loss

For the second quarter ended August 2, Fred's, Inc. posted a net loss of $16.4 million, or 45 cents per share, versus a net income of $3.3 million, or nine cents per share, for the period ended August 3. In the circumstances, the company announced that ... [Published Homeworld Business - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

U.S. Dept. Of Commerce: July Spending Cooled

According to the United States Department of Commerce, American consumers saw an advance in personal income during July but cut back on spending. Personal consumption expenditures decreased $13.6 billion, or 0.1% during the month versus June, according ... [Published Homeworld Business - Aug 29 2014]
First reported Aug 28 2014 - Updated Aug 29 2014 - 1 reports

Dollar General Reports Q2 Income, Sales Increases, Continues To Court Family Dollar

Dollar General Corporation reported that net income and net sales increased for its second quarter, giving the company new fuel in its bid for Family Dollar, which had previously turned down Dollar General’s acquisition offer.Dollar General’s net income ... [Published Homeworld Business - Aug 28 2014]
First reported Aug 28 2014 - Updated Aug 29 2014 - 1 reports

Williams-Sonoma Posts Q2 Earnings Results

For the 2014 second quarter ended August 3, Williams-Sonoma posted net earnings gain of 4.9% to $50.7 million, or $0.53 per diluted share versus $48.9 million or $0.49 per diluted share in the same quarter last year.Net revenue grew 5.8% to $1.039 billion ... [Published Homeworld Business - Aug 28 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 2 reports

Loweâs Grants Go To College Fund, Community Nonprofit

Loweâs has given a $500,000 grant to the Thurgood Marshall College Fund to assist students attending publicly-supported historically black colleges and universities. In addition, this week, Loweâs awarded Keep America Beautiful (KAB), a national nonprofit ... [Published Homeworld Business - Aug 28 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

Cookware Co.'s Wim De Veirman Talks GreenPan To OXO

The Cookware Companyâs GreenPan brand pioneered the ceramic non-stick cookware coating when it launched in 2007. As the company expands its cookware presence, this year the big news for the company was a licensing agreement with OXO to develop a cookware ... [Published Homeworld Business - Aug 28 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

Ikea Opens Miami Store Location

Ikea announced that it has opened the doors of its first Miami-Dade store, in Sweetwater, FL. The 416,000-square-foot Ikea Miami store is located on 14.6 acres adjacent to the Dolphin Mall and Florida's Turnpike, the Dolphin Expressway.The opening marks ... [Published Homeworld Business - Aug 28 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

Stratman Appointed Twin-Star Communications, Media Specialist

Twin-Star International has appointed Lauren Stratman communications and media specialist, the company announced. Twin-Star created the new position to focus on digital marketing strategies as well as their trade public relations.A graduate of Florida ... [Published Homeworld Business - Aug 28 2014]
First reported Aug 25 2014 - Updated Aug 25 2014 - 2 reports

Tuesday Morning Continues Turnaround Efforts In Q4

For the 2014 fourth quarter ended June 30, Tuesday Morning posted a net loss of $7.4 million, or 17 cents per share, compared to a net loss of $15.6 million, or 37 cents per share, in last year's period. Adjusted net loss was $3.4 million, or eight cents ... [Published Homeworld Business - Aug 25 2014]

Quotes

David Campisi, Big Lots president and CEO stated, "I'm very pleased with the results we reported today. For the second consecutive quarter, our comps were positive and comfortably within the guidance range we provided, and our earnings were above the high end of our range. We believe this is an indication that our core customer is responding to our improved merchandising strategies and marketing execution."
...store, driven by data-based inventory management and measured by GMROI," Bruce Efird, Fred's CEO, said in announcing the financial results. "The dynamic challenges we face surfaced in the fourth quarter of 2013 throughout our general merchandise and pharmacy departments. Customer trips came under pressure from Internet intrusion, while generic drug price inflation ramped up faster than payor increases were occurring. As a result in January, we undertook a deep analysis into all processes with a recognition that retail will not continue with business as usual and changes will have to take place. In the course of this evaluation, the go-forward convenience/pharmacy-centric store model emerged from the input of management, consultants, marketing teams and other market studies. Also included in this analysis was a critical view of the ongoing process of evaluating strategic alternatives, as various teams challenged and questioned the what, why, and why-not decisions in our processes. From this thinking came key changes that will drive the transformation of the stores to a convenience/pharmacy-centric store, which began in the second quarter."
"We hope to utilize her experience in the social media management, event planning, copywriting and the digital advertising fields to aide our new brand awareness efforts,” Brigham said."
...non-GAAP diluted earnings per share versus 32 cents last year," Hubert Joly, Best Buy president and CEO, said in announcing the financial results. "The ongoing benefits of our Renew Blue cost reduction and other SG&A cost containment initiatives drove these better-than-expected results. On the topline, as expected, sales in the NPD tracked Consumer Electronics categories declined 2.5%, in line with our domestic comparable sales decline of 2%. Like other retailers and as reflected in this quarter’s performance, we continued to see a shift in consumer behavior: Consumers are increasingly researching and buying online. As a result, traffic to our brick and mortar stores continued to decline, yet our in-store conversion and online traffic continued to increase due to the execution of our Renew Blue strategy, which is in direct alignment with this shift. Our Renew Blue strategy is designed to grow our online business, enhance our in-store customer experience and leverage our multi-channel capabilities, all to deliver to our customers great advice, service and convenience at competitive prices in the channel [in which] they want to be served."

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Electrolux Joins AllSeen Alliance Open Source P... [Published Homeworld Business - Aug 29 2014]
Big Lots Gains In Q2 After Exiting Canada [Published Homeworld Business - Aug 29 2014]
U.S. Dept. Of Commerce: July Spending Cooled [Published Homeworld Business - Aug 29 2014]
Housewares Vendors Raise ALS Awareness With Ice... [Published Homeworld Business - Aug 29 2014]
Fred's Plans Big Changes Following Steep Q2 Loss [Published Homeworld Business - Aug 29 2014]
Cookware Co.'s Wim De Veirman Talks GreenPan To... [Published Homeworld Business - Aug 28 2014]
Loweâs Grants Go To College Fund, Community Non... [Published Homeworld Business - Aug 28 2014]
Dollar General Reports Q2 Income, Sales Increas... [Published Homeworld Business - Aug 28 2014]
Williams-Sonoma Posts Q2 Earnings Results [Published Homeworld Business - Aug 28 2014]
Ikea Opens Miami Store Location [Published Homeworld Business - Aug 28 2014]
Lowe’s Grants Go To College Fund, Community Non... [Published Homeworld Business - Aug 28 2014]
Stratman Appointed Twin-Star Communications, Me... [Published Homeworld Business - Aug 28 2014]
Meyer Rolls Out Rachael Ray Cucina Stoneware Co... [Published Homeworld Business - Aug 27 2014]
Fluent: College Age Millennials Boost Decor Spe... [Published Homeworld Business - Aug 27 2014]
Target Launches Instagram Shopping Platform [Published Homeworld Business - Aug 27 2014]
Amazon Student Launches Scholarship Contest [Published Homeworld Business - Aug 27 2014]
Forty One Madison Hits 40 Year Mark As Tabletop... [Published Homeworld Business - Aug 27 2014]
Viral ALS Ice Bucket Challenge Sparks Casabella... [Published Homeworld Business - Aug 26 2014]
Best Buy Q2 Slips In Soft Electronics Market [Published Homeworld Business - Aug 26 2014]
One Kings Lane's Feldman Among Gift For Life Ho... [Published Homeworld Business - Aug 26 2014]
Le Creuset Launches Burgundy As Sur La Table Ex... [Published Homeworld Business - Aug 26 2014]
Rowenta Introduces Intense Aqua Control Humidifier [Published Homeworld Business - Aug 26 2014]
AHAM Collaborates On Household Portable, Floor ... [Published Homeworld Business - Aug 26 2014]
Lord Out As Breville Seeks New CEO [Published Homeworld Business - Aug 25 2014]
Tuesday Morning Continues Turnaround Efforts In Q4 [Published Homeworld Business - Aug 25 2014]
Corelle Launches Plate Shame Sweepstakes Based ... [Published Homeworld Business - Aug 25 2014]
Tuesday Morning Continues Turnaround Efforts Wi... [Published Homeworld Business - Aug 25 2014]
KMN Home Introduces The FingerMitt [Published Homeworld Business - Aug 22 2014]
U.S.-Made Bagel Whizz Begins Shipping [Published Homeworld Business - Aug 22 2014]
KitchenIQ To Celebrate National Knife Day With ... [Published Homeworld Business - Aug 22 2014]
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