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April results for 40 retailers; plus a look at early tax rebate spending

Posted by Susan Dickenson on May 8, 2008

April ’08 same-store sales growth for 40 large retailers improved to 3.7% mainly due to weak year-ago comparison periods according to a report from consulting and market research firm TNS Retail Forward.  April’s result is up from the -0.1% sales-weighted composite reported last month and up from the -1.5% composite reported in April of 2007, which was hurt by an Easter calendar shift.  The list of reporting retailers follows:

 

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STORE OPENINGS, EXPANSIONS, CLOSINGS

Posted by Susan Dickenson on May 7, 2008

Murfreesboro, Tenn. -- Devine Décor home furnishings boutique opens May 12 at 519 N. Thompson Lane in the Shops of Murfreesboro. The store is owned by Paula Campbell-Threatt and, in addition to a wide array of upscale home accessories, will offer interior design services. 

Boston, Mass. --  Martin and Michele Yeeles are opening Front, a gift and home accessories shop on Channel Center Street, May 9.

Dallas, Texas – The third Stacy Home Furnishings Center will be located in The Colony, located midway between the retailer’s Grapevine and Allen, Texas, stores. Within the Center will be Stacy Furniture & Accessories and Stacy’s Kids Stuff.
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Brooke Shields featured in campaign for Royal Velvet at Bed, Bath & Beyond

Posted by Susan Dickenson on May 7, 2008

Brooke Shields and her family will star in the print and online marketing campaign for Iconix Brand Group's Royal Velvet home brand, to debut next month (June, 2008) in shelter, lifestyle and bridal magazines. The campaign will coincide with the launch of Royal Velvet at Bed, Bath & Beyond. The campaign, themed "Royal Moments" will feature ads with Shields, her husband Chris Henchy and daughters Rowan and Grier.  The campaign was shot at a private estate in Beverly Hills by celebrity photographer Tony Duran.

The new collection offers 24 colors of towels, all of which are available at ...Read More

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Linens ‘n Things files voluntary petition under Chapter 11; lists 120 U.S. store closings

Posted by Susan Dickenson on May 5, 2008

Linens ‘n Things announced May 2nd  it has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The company also announced that as part of its financial restructuring it plans to close 120 underperforming stores (see list below).  The national home furnishings chain will continue to operate its remaining stores without interruption during the reorganization. The filing pertains only to LNT’s operations in the U.S. The company’s Canadian stores, which are among the strongest performers in the chain, are not included in the filing and there are no plans for a similar filing in Canada.
 

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Design Within Reach to expand in SoHo with DWR Flagship Studio; IKEA's first U.S. production facility to open May 21

Posted by Susan Dickenson on May 1, 2008

Design Within Reach announced it will open its first DWR Flagship Studio on Friday, May 23, 2008, in NYC’s SoHo neighborhood. The new Studio will occupy the 4,000-sq.-ft. ground floor space of the SoHo Building at 110 Greene Street between Prince and Spring Streets. DWR will close its existing SoHo Studio, at 142 Wooster St., at 7pm on May 22. The company will repurpose the 3,500-sq.-ft. space for a new retail concept to be launched in September, 2008. CEO Ray Brunner said, "Our new flagship Studio places DWR in the heart of the world-renowned SoHo shopping district. This exceptional location, 110 Greene Street, will provide an improved retail layout with a greater selection of our products on display and much higher visibility and foot traffic. Based on these factors, we anticipate improved performance over our existing SoHo S...Read More

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Tuesday Morning 3Q net sales down 5.7%; Martha Stewart Omnimedia revenues up 2%, announces marketing program with TurboChef; Havertys reports 1st qtr results

Posted by Susan Dickenson on April 29, 2008

Tuesday Morning Corp. today (April 29) reported net sales for the third quarter of fiscal 2008 were $178.4 million compared to $189.2 million for the quarter ended March 31, 2007, a decrease of 5.7%. Comparable store sales decreased 8.2% for the quarter. The decrease in comparable store sales was comprised of a 6.6% decrease in traffic and a 1.6% decrease in average ticket. Net loss for the third quarter ended March 31, 2008 was $4.7 million, compared to net income of $1.0 million last year. Kathleen Mason, President and Chief Executive Officer, said, "We believe the results are indicative of the slump in the home furnishings sector, not a deterioration in the company'...Read More

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Los Angeles retail profiles: Zipper, Colburn Sassaman, Mogul

Posted by Susan Dickenson on April 24, 2008

Although my retail story for the April issue profiles three different stores in West Hollywood, it didn't start out that way. I had originally intended to write about just one, but after seeing the very different personalities of the shops, owners and clientele at each establishment, I thought a brief look at each would give a better idea of the colorful retail vista out west... Visit Zipper, Mogul and Colburn Sassaman in "To Live and Buy in L.A." And, for more on the creative merchandising powers driving L.A.'s retail scene, check out L.A. Times writer David Keeps' article, "Is it desperate housewares?" 

Home furnishings independent retailers...Read More

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African-American women increase spending on home décor

Posted by Susan Dickenson on April 23, 2008

 “Despite the chaos and anarchy in today’s retailing world, there is opportunity in the home sector,” said Shilpa Rosenberry, Senior Consultant of WSL Strategic Retail on the release of the NYC-based company's 11th biannual study, How America Shops 2008-Anarchy. Rosenberry advises home retailers to take note of the unique opportunity offered by a growing spending d...Read More

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Anniversaries: Lynni Megginson's L&M Designs, The Beveled Edge

Posted by Susan Dickenson on April 23, 2008

Maryland retailer/designer Lynni Megginson is celebrating the 11th anniversary of her company, L&M Designs, Friday, May 2nd at the store's Gaithersburg location. The event, which is being co-sponsored by Southern Lady Magazine, will feature special guest Beatriz Ball who will be signing purchased pieces of her handmade aluminum oven-to-tableware. "When I saw that Southern Lady had done an article about Beatriz in their April issue, I knew I had to contact them to be a part of our event," Megginson said. "Our clientele is perfect for both of these wonderful companies, and we're looking forward to the big day."Goodie bags worth in excess of $200 will go to the first 50 guests. &q...Read More

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Earth Day events

Posted by Susan Dickenson on April 21, 2008

New York City’s ABC Carpet & Home is celebrating Earth Day with an exhibition to highlight the innovation of sustainable rug design. The New Shades of Green exhibit and sale features rugs from the Nabati Collection, Gee’s Bend Collection, Zollanvari, and Woven Legends. Each rug is distinctively representative of the innovation and artistic evolution of sustainable design in the carpet industry. Vegetable dyes are combined with natural materials including handspun wool and cotton to create a vibrant infusion of experimental color. Innovative production processes such as Nabati Collection’s previously undiscovered flatweave technique adapted from a remote village along the Caspian Sea and Zollanvari’s hi-low weaving method are applied to produce unexpected textures and striking com...Read More

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JC Penney launches Linden Street home brand; California College of the Arts design event; Ikea to slow U.S. expansion; New Colonial Williamsburg store

Posted by Susan Dickenson on April 15, 2008

JC Penney announced the launch of a new private brand of home furnishings and accessories called Linden Street. The most comprehensive Home brand launch in the company’s history, Linden Street will be available in-stores, online on jcp.com and via catalog beginning in July. Linden Street is a neo-traditional brand that includes contemporary interpretations of classic design with features built into the furniture such as hidden storage, electrical outlets and charging strips for PDAs, iPods and more. Designed, developed and sourced in-house, Linden Street joins the retailer's array of good/better/best priced lifestyle offerings in Home including: The JCPenney Home Collection, Chris Madden, Chris Madden Hotel, American Liv...Read More

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High Point University home furnishings grad awarded Haverty Cup

Posted by Susan Dickenson on April 14, 2008

The Haverty Cup, honoring the most outstanding home furnishings graduate of High Point University, was awarded last week to HPU senior Michelle Renee Johnson. The annual award was established in 1988 by Rawson Haverty, Sr. of Atlanta-based Haverty Furniture Companies to encourage young people to pursue a career in the home furnishings industry. The 2008 award, presented by Steve Burdette, Haverty’s senior vice president of operations, included a $2,500 cash award and an engraved replica of the Haverty Cup which is kept on permanent display at the school and is engraved with the name of each year's recipient.

Johnson, of Lexington, N.C., will graduate in May with a
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