Home Textiles Today
Trouble viewing this email? Click here.
 

 

 

 
 
Good Afternoon,

Welcome to HTT Extra, the daily e-newsletter for home textiles industry professionals. Brought to you by the staff of Home Textiles Today, HTT Extra provides you with a daily update of the latest news from the world of home textiles manufacturing and retailing.

In Today's Issue:
1. April comps end shy of goal    
2. Chase to pay $3.6 billion for Target receivables
3. LNT affirms court’s interim approval of DIP financing 
4. Stein Mart names Katz to marketing post  
5. Duckwall-ALCO cuts HQ staff by 10%  
6. Textillery promotes pink as leading 2009 hue  
 
 
1. April comps end shy of goal    
New York – Retailers finished the February-March-April quarter with a third straight below-goal gain in comparable-store sales, with the April comp gain of 1.6% coming in below the target of 1.8%, the Johnson Redbook reported today.  more  
2. Chase to pay $3.6 billion for Target receivables
Minneapolis – Upscale discounter Target will get a big cash injection of $3.6 billion by selling about half of its credit card receivables to JPMorgan Chase, in the type of deal it was encouraged to explore by activist shareholder William Ackman last summer.  more  
 
3. LNT affirms court’s interim approval of DIP financing 
Clifton, N.J. -- Struggling specialty chain Linens ’n Things confirmed that the U.S. Bankruptcy Court for the District of Delaware had approved its “first-day” motions, including interim approval for access to the $700 million debtor-in-possession (DIP) financing.  more  
4. Stein Mart names Katz to marketing post  
Jacksonville, Fla. – Softlines retailer Stein Mart has named Glori Katz svp, marketing and advertising.  more  
5. Duckwall-ALCO cuts HQ staff by 10%  
Abilene, Kan. – Rural general merchandiser Duckwall-ALCO Stores is cutting its headquarters staff by 10%, part of its continuing cost-control campaign.  more  
6. Textillery promotes pink as leading 2009 hue  
Bloomington, Ind. – Fashion throw producer Textillery Weavers is trumpeting the virtues of pink, as head designer Judith Rose prepares a range of pink and pink-combination looks for 2009 retail availability.  more  

That's all for now - Check us out again tomorrow.

Yours,

The HTT Editorial Staff

To submit items for HTT Extra, email Jennifer Marks at jnegley@reedbusiness.com

Visit us at http://www.hometextilestoday.com

HTT.com Classifieds Event Calendar About Us Print Subscription Advertise
 


Your Email Address:[#emailaddr#] is in our mailing list. You are receiving this email because you have either requested a newsletter or magazine from Reed Business Information.

UNSUBSCRIBE
To unsubscribe from this e-newsletter:
http://www.hometextilestoday.com/index.asp?layout=EU&ni d=2063&rid=#reg_visitor_id#

UPDATE SETTINGS
To change delivery options, update an email address or register for other publications: http://www.hometextilestoday.com/login.asp

QUESTIONS
If you have questions or need further assistance, contact our Online Support Team at GiftSupport@reedbusiness.com or by fax at 630-288-8394.

PRIVACY POLICY:
http://www.hometextilestoday.com/privacy

NEW SUBSCRIPTIONS
To activate a new FREE email newsletter subscription: http://www.hometextilestoday.com/subscribe.asp

To order a PRINT MAGAZINE subscription to Home Textiles Today:
P rint subscriptions

Copyright 2008 Reed Business Information. All rights reserved.

Advertisements