Smart Choices for Modern Homes
NEW YORK – The potential acquirers of Macy’s Inc. are reportedly on the hunt for financial backing. Guggenheim Partners seeking out backers for the $6.6 billion buyout bid, according to Crain’s New York Business. Acting on behalf of Arkhouse and Brigade, the investment house is talking with a variety of potential lenders, including private credit
Read MorePasticallo has appointed industry veteran Mike Friedrichsen as vice president of sales for its new line of smart umbrellas. “Mike brings us nearly three decades of experience, including numerous senior leadership roles at several well-known suppliers in this industry as well as being a previous Apollo award-winning retailer,” says a representative at Pasticallo. “We’re so
Read MoreMENOMONEE FALLS, Wis. – Babies “R” Us shops at Kohl’s will begin rolling out this summer as the retailer looks to make itself a destination for new parents. The first shop-in-shops will land in August, and by the start of the 2024 holiday season Kohl’s plans to open the concept in 200 of its more than
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Dougan Clarke, founder, CEO and chief product designer at Tucci, has been named an Entrepreneur Of The Year 2024 Florida Award finalist by Ernst & Young LLP. The Florida program celebrates entrepreneurs from Florida and Puerto Rico. Now in its 38th year, Entrepreneur Of The Year is the preeminent competitive business award for audacious leaders
Read MoreLOGAN, Utah – In a move designed to help retailers drive traffic and to increase its brand awareness, Malouf Home has released a national commercial supporting its Ice Cloud mattress lineup. The commercial will stream across services like Hulu and YouTube. According to Forbes, 99% of all U.S. households pay for one or more streaming
Read MoreAt this week’s edition of the Interwoven fabric market, four industry executives discussed a variety of challenges and trending topics in the home furnishings industry. Participants included Brian Burke, director of operations at Crypton Mills; Sean Gibbons, president of STI; Ann Reynolds, vice president of design at Valdese Weavers; and Suzie Roberts, vice president and
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WEST JORDAN, Utah – Like all furniture categories, bedroom has seen its ups-and-downs over the past few years. The category boomed over the pandemic, with many citing its increased importance as the home’s safe space. Like other categories, it then weakened as consumer demand plummeted. Now, many suppliers still consider the category weak compared with
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At the recent Interwoven event in High Point, conversations focused on more than just product. The state of the industry was on everyone’s mind, particularly in the outdoor category. The pandemic had a lasting effect on the fabric industry in that it brought new players to the game. Economic conditions out of anyone’s control caused
Read MoreWASHINGTON— Retail sales grew slightly from the month before in April 2024, but this year’s early Easter appeared to be behind a slight year-over-year decline in some categories including furniture, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation. “Consumer spending continues to drive economic growth and
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BOSTON HEIGHTS, Ohio — While it couldn’t match its pace from a year ago, Top 100 retailer Arhaus its top and bottom line outlook for the first quarter of Fiscal 2024. The Boston Heights, Ohio-based retailer recorded net revenue of $295.16 million in the three months ended March 31, down 3.1% from $304.57 million in
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