Retail Update

May 14, 2008 | Link This | Email this | Comments (0)

Bed Bath & Beyond Inc. announced the formation of a joint venture with Home & More, S.A. de C.V., a privately-held home products retailer operating in Mexico. As a result of a $4 million investment, Bed Bath & Beyond Inc. becomes a 50% equity holder in a newly formed entity currently operating two stores in Mexico City under the name Home & More, which offer a broad assortment of products for the home. Bed Bath & Beyond recently opened its first international store in Richmond Hill, Ontario, Canada, has signed or is in final documentation for approximately a dozen sites in Canada, and is actively negotiating another dozen sites as it looks forward to its expansion throughout the country.

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May 9, 2008 | Link This | Email this | Comments (0)

Claremont, Calif. -- Mark Bedol has opened What’s Next in Claremont, California, at 456 W. First Street. Bedol, a designer/inventor who holds over 45 patents, teamed with Edifice Architects to create a shopper-friendly store resembling an art gallery, with a large arching structure resembling a palm tree and a “Swiss Cheese-holed” display wall. Bedol and his wife Keri wanted to create a dynamic, playful environment where customers could interact with the product line, which include Bedol’s designs alongside other complementary lines. “We wanted something catchy and hip for...Read More

May 8, 2008 | Link This | Email this | Comments (0)

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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May 7, 2008 | Link This | Email this | Comments (0)

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

May 5, 2008 | Link This | Email this | Comments (0)

Linens ‘n Things announced May 2^nd  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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