Login  |  Register          Free Newsletter Subscription
Email
Print
Reprint
Learn RSS

Retail Briefs

By Staff -- Home Textiles Today, 3/6/2006

Kohl's Crows Over Home, Rolls Brands

Home was the leading departments at Kohl's during the fourth quarter, the retailer said as it announced the soft home rollout of its exclusive Candies and Apt. 9 brands. “Home was much improved in the quarter as customers noticed the changes we were making to the assortment, both with our good-better-best strategy as well as the increased offerings in the contemporary and updated lifestyles,” said Kohl's coo Arlene Meier. Kohl's last year saw nearly 20% in profit growth — and its highest gross margin increase ever. The $13.4 billion retailer plans to add 80 units this year, part of its plan to pump up its 732-store count by 500 doors by 2010.

Sears Favors 'Grand' Over 'Essentials'

Sears Holdings will convert 14 of its off-the-mall Kmart stores to the Sears Grand format this year, rather than to the Sears Essentials model as planned. The 50 existing Essentials units seem to be losing in comparison to the larger Grand concept, which features shop-in-shop presentation. Sears Grand launched in 2003 and numbers just eight units; Sears Essentials debuted in 2005.

Martha K-Sales Down, Royalties Up

Kmart paid Martha Stewart Living Omnimedia (MSLO) $28.0 million in the fourth quarter of 2005, up from $23.7 million in the same period a year ago — even while sales of Martha Stewart Everyday products “declined modestly in the quarter, with weakness in soft home partially offset by sales related to our recently introduced furniture line — Everyday Rooms,” MSLO said. The payout was driven by contractual minimum royalty guarantees.

Marshall Field's Extends Returns

Marshall Field's is extending its 90-day return/exchange policy to 180 days. “Many of our guests have expressed a need for more time to decide if their purchases are right for themselves or their gift recipients,” said Frank Guzzetta, chairman and ceo, Macy's North. Goods that have been worn, used or altered may not be returned or refunded unless defective.

BJ's Offers High-Low Merchandising

BJ's Wholesale Club is upgrading assortments, qualities and brands, while sharpening its price levels so that members can trade up — or down — executives said. “For example, in domestics, members now have the option of trading up to 1,000 thread count sheets for $79 or trading down to a complete bed-in-a-bag set for $100,” said Michael Wedge, president and ceo. “And both items are selling very well.”

Email
Print
Reprint
Learn RSS

Talkback

We would love your feedback!

Post a comment

» VIEW ALL TALKBACK THREADS

Related Content

Related Content

 

By This Author

Sponsored Links



 
Advertisement

More Content

  • Blogs
  • Photos

Blogs


Sorry, no blogs are active for this topic.

» VIEW ALL BLOGS RSS

Photos

  • Fall Market Kick-Off Party - part I
    HTT’s Market Kick-Off Party on Sept. 15 at the 230 Fifth Penthouse & roof deck drew hundreds of industry execs looking to beat the heat and mingle with colleagues.
  • Fall 08 Market Kick-Off Party - part II
    HTT’s Market Kick-Off Party on Sept. 15 at the 230 Fifth Penthouse & roof deck drew hundreds of industry execs looking to beat the heat and mingle with colleagues.
Advertisements





NEWSLETTERS
Click on a title below to learn more.

Home Textiles Today Extra (Daily)
Home Textiles Today's Green (Occasional)
Furniture Today eDaily (Daily)
Furniture Today Bedding Today eWeekly (Weekly)
Furniture Today's Green (Occasional)
eDaily Classifieds (Weekly)
Home Accents Today eWeekly (Weekly)
Home Accents Today Product Line (Bi-Weekly)
Home Accents Today Green (Occasional)
Casual Living eWeekly (Weekly)
Casual Living Green (Occasional)
Kids Today eKids News (Weekly)
Gifts and Decorative Accessories Direct (Weekly)
Gifts and Decorative Accessories Product Wire (Twice A Month)
Gifts & Dec Double Take (Occasional)
Playthings eXtra (Weekly)
Playthings Product Watch (Twice A Month)

About Us    |    Advertising Info    |   Site Map    |   Contact Us    |    Subscription    |   Affiliate Links    |    RSS
©2008 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy
Please visit these other Reed Business sites