Financial and business news about home textiles retailers, manufactuers, and suppliers
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Home quiet in tepid August comps
James Mammarella, September 2, 2010New York - Sometimes known for its "dog days" doldrums, this August was not unkind to retailers, as department stores continued their comparable store sales turnaround, although at a slowing pace, while other formats maintained modest comp rates, with some scattered good news in the home department. More -
Pier 1 hits double-digit comp increases in 2Q
HTt Staff, September 2, 2010Fort Worth, Texas -- Pier 1 Imports Inc. turned around is comparable store sales in the second quarter and the first half, taking them up double digits after having suffered declines in the same year-ago periods. More -
Linens&More for Less Opens
Carole Sloan, September 2, 2010HOWLAND, OHIO - With the strong opening of its first Linens&More for Less store here on July 23, Fred Mershad, president and ceo of the fledgling retailer, is more than optimistic about the company's growth potential. More -
HSNi Moves Ahead in 2Q
Jennifer Marks, September 2, 2010ST. PETERSBURG, FLA. - After acting as a drag on earnings for several quarters, HSNi's Cornerstone division showed robust increases in operating profit, gross margin and sales during the second quarter and posted its best comp growth since 2005. More -
Dollar General hits it out of the park in 2Q
HTT Staff, August 31, 2010Goodlettesville, Tenn. - The home textiles department is among the areas where Dollar General is experiencing an uptick in sales, executives said while commenting on the retailer's record second quarter performance today. More -
HTT launches 1st annual Online Technologies Conference
HTT Staff, August 31, 2010Chicago - Online technologies including Web sites, Internet marketing and software-as-service technologies are changing the way the home furnishings and gift industries operate. More -
ForecastIQ finds comp outlook better than '09 but weak month over month
HTT Staff, August 31, 2010Columbus, Ohio - While same-store sales outlook has improved from this time last year, it has retreated month over month, with more stores almost certain to see a decline in the next 75 days, compared to last month, and fewer saying they are almost certain to experience an increase, according to the most recent report from ForecastIQ. More -
Consumer Confidence moves up
HTT Staff, August 31, 2010New York - With consumers feeling a little better about the improving health of the economy, the Consumer Confidence Index rose to 53.3 in August, up from 51.0 in July. More
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