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Ashley, Resident CEOs reveal strategy behind mega deal
TAMPA, Fla. — Ashley Home’s acquisition of D2C mattress specialist Resident Home creates a combined $2 billion bedding business that will leverage the manufacturing and supply chain capabilities of one...
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Arhaus posts second consecutive $1 billion year in 2023
BOSTON HEIGHTS, Ohio — Top 100 retailer Arhaus surpassed $1 billion in revenues for a second consecutive year, setting a new record in the process. For the full year, net revenues for the Boston...
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Big Lots runs loss in Q4, sees improvement on horizon
COLUMBUS, Ohio — While Top 100 retailer Big Lots posted a net loss for the fourth quarter, officials from the discount retailer see signs of better business ahead. The Columbus, Ohio-based retailer had...
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Kohl’s beats guidance on Q4 earnings despite weaker sales
A Kohl’s in Middleton, N.J. MENOMONEE, Wis. – Kohl’s Corp. wrapped up its fiscal year by getting back into the black on the bottom line. Fourth quarter earnings beat the company’s guidance, with Kohl’s...
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5 initiatives Kohl’s is betting on to drive another $2 billion in sales
MENOMONEE FALLS, Wis. – Declaring 2023 a “set-up year,” Kohl’s is barreling ahead with plans to galvanize top-line growth in 2024. During this morning’s Q4 call with investors, CEO Tom Kingsbury...
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Revenues slip for Q4 and FY, but Williams-Sonoma tops expectations
SAN FRANCISCO — Despite sales slipping in the fourth quarter and the full 2023 fiscal year, retailer Williams-Sonoma, Inc. bested its guidance in its latest earnings report. “We are pleased with our...
View ArticleWomen have the helm at Gardner White; here’s why it works
WARREN, Mich. — Fourth-generation President Rachel Stewart has never had to look far to find female leaders and mentors at Top 100 retailer Gardner White Furniture & Mattress. In most cases, it was...
View ArticleRetail industry is ‘largest private-sector employer,’ according to NRF
WASHINGTON — The retail industry supported 55 million full-time and part-time jobs in 2022, accounting for 26% of total U.S. employment and making it the biggest employer in the country, according to a...
View Article3 years after its launch, Faire is celebrating its 400,000th order
Online wholesale marketplace Faire is celebrating a big milestone “across the pond” this month after facilitating 400,000 product orders from 50, 000 retailers across the U.K. Since 2021 — when Faire...
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Headwinds, investment costs impact RH in Q4 and full year
CORTE MADERA, Calif. — Furniture retailer RH posted a fourth quarter and full year of strong figures, although it fell short of recent heights. Leaders chalked those differences up to a still-strained...
View ArticleBig Lots bolsters liquidity, will chase more ‘extreme bargain’ deals
COLUMBUS, Ohio – Big Lots has inked a new multi-million-dollar loan facility, which it says significantly enhances its liquidity position and improves its borrowing capacity. The new FILO term loan...
View ArticleComing to the Wayborhood: It’s Way Day in May
BOSTON — Online home retailer Wayfair is hoping to lure shoppers with the return of its Way Day sale in May. In 2023, the company offered two Way Day promotions in late April and October. This year’s...
View ArticleHow much are moms worth? Survey says $33.5 billion
WASHINGTON – Mother’s Day 2024 spending is expected to reach $33.5 billion this year, according to the annual consumer survey released by the National Retail Federation and Prosper Insights &...
View ArticleConfidence index hits 2-year low as consumers struggle with surging prices
For the third straight month, the Consumer Confidence Index took a hit – and a decently large one at that. For April, the Index – as reported by The Conference Board – fell to 97.0 from the 103.1...
View ArticleWay better: Customer count rises for Wayfair in Q1 while losses moderate
BOSTON — Wayfair picked up customers in the first quarter and marked its sixth straight quarter of outperforming the category with a net revenue loss of less than 2%. The predominantly online home...
View ArticleBeyond Inc. nudges Q1 revenue into positive territory, loss widens significantly
MIDVALE, UTAH – A big boost in transaction volume lifted Beyond Inc.’s first-quarter revenue, although the gain was slight. For the quarter ended March 1, net revenue rang in at $382 million, up 0.3%...
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Found: Supporting artisans around the globe | Retail Star
Husband and wife Keith and Ann Graber Miller said their store, named Found, in downtown Goshen, Ind., allows them to do something they both love while also giving them the chance to travel and support...
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City Home: Helping to ‘Make Portland Weird | Retail Star
Kim Pelett started importing antiques 30 years ago and at that time, she would bring in about 50 containers a year to sell in her hometown of Portland, Ore. Fast forward to 2012, when Pelett decided to...
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Beam and Anchor: A destination for beautiful things | Retail Star
With its eclectic, no-filler edit of new and vintage furniture, home décor and personal effects, Beam & Anchor in Portland, Ore. has become a destination for creative types in search of inspiration...
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Cristi Holcombe Interiors: A family affair | Retail Star
After a brief stint on HGTV, designer Cristi Holcombe decided to open a retail store in Atlanta in October 2019 when a nearby location in a popular shopping center became available. “The site needed...
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