Home textiles financial & business news, retailers, manufacturers, suppliers
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Gordmans plans IPO
HTT Staff, May 21, 2012Omaha, Neb. - Gordmans Stores, the regional value-priced department store for apparel and home, announced it will hold an initial public offering. More
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Lowe's boosts 1Q earnings, cuts fiscal year outlook
HTT Staff, May 21, 2012Mooresville, N.C. - Lowe's generated a 14.3% in net earnings to $527 million, or 43 cents per share. However, uncertainty in the housing market prompted the home improvement retailer to rein in its fiscal year outlook. More
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Cotton price 78 cents
HTT Staff, May 21, 2012New York - Friday's end of day price on Cotton #2 futures for July contracts was 78 cents. The price on October contracts was 77 cents. More
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Ross Stores touts first quarter gains, ups guidance
HTT Staff, May 18, 2012Pleasanton, Calif. - Ross Stores attributed favorable weather across many of its markets and strength in its value-minded offerings with driving better-than-expected first quarter results. More
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Cotton price 77 cents
HTT Staff, May 18, 2012New York - Yesterday's end of day price on Cotton #2 futures for July contracts was 77 cents. The price on October contracts was 76 cents. More
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Surtex opens in NYC on Sunday
HTT Staff, May 18, 2012New York - The 26th edition of art and design market trade show Surtex will take place here May 20 to 22 at the Javits Convention Center. More
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Stein Mart's home business makes a comeback in Q1
HTT Staff, May 17, 2012Jacksonville, Fla. - After several years of experimenting with its merchandise approach, Stein Mart is returning to previous ways of doing business - and home textiles is part of that strategy. More
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Cost Plus loss shrinks in Q1
HTT Staff, May 17, 2012Oakland, Calif. - On the heels of its May 9 merger announcement with Bed Bath & Beyond Inc., Cost Plus reported results for its first quarter, which included an improved net loss as well as high single-digit increases in both sales and comps. More
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Cotton price
HTT Staff, May 17, 2012New York - Yesterday's end of day price on Cotton #2 futures for July contracts was 77 cents. The price on October contracts was 77 cents. More
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Asset sales push Sears Holdings into the black, Canada next on the block
HTT Staff, May 17, 2012Hoffman Estates, Ill. - Shortly after reporting a first-quarter profit this morning, Sears Holdings announced that it will sell off a partial interest in the Sears Canada operation. More
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Wal-Mart gains traction
HTT Staff, May 17, 2012Bentonville, Ark. - Wal-Mart Stores Inc. posted its biggest first quarter sales gain in three years, with revenues up 8.6% to $112.3 billion. More
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Bon-Ton net loss widens
HTT Staff, May 17, 2012York, Pa. - The Bon-Ton Stores is re-evaluating its assortments as it seeks to turn around the business.
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ShopNBC to expand home, narrows 1Q loss
HTT Staff, May 16, 2012Minneapolis - Putting more emphasis on other departments as it makes consumer electronics a less critical category, Shop NBC will invest in people and inventory as it moves toward its goal of having home account for 45% to 50% of sales. More
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Sears Canada swings to profit in 1Q
HTT Staff, May 16, 2012Toronto - Sears Canada reported a first quarter profit of $93.1 million, or 91 cents per share, compared to a net low in the year-ago quarter of $47.0 million, or 45 cents per share. More
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Cotton price 79 cents
HTT Staff, May 16, 2012New York - Yesterday's end of day price on Cotton #2 futures for July contracts was 79 cents. The price on October contracts was 70 cents. More
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JCPenney sales dropped 20.1% in the first quarter
HTT Staff, May 15, 2012Plano, Texas - JCPenney just released the numbers on its first quarter performance, saying that while the transformation of the company to a new strategy is ahead of schedule, "sales and profitability have been tougher than expected." More
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TJX: HomeGoods brand ‘more and more powerful'
HTT Staff, May 15, 2012Framingham, Mass. - Reflecting on the strong first quarter, TJX ceo talked up the HomeGoods division during the company's quarterly conference call this morning. More
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Cotton price 79 cents
HTT Staff, May 15, 2012New York - Yesterday's closing price on Cotton #2 futures for July contracts was 79 cents. The price on October contracts was also 79 cents. More
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April growth modest but sustains pattern
HTT Staff, May 15, 2012Washington - Although sales were somewhat soft, April marked the 22nd consecutive month of year-over-over sales growth, according to the National Retail Federation. More
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Home Depot 1Q beats plan
HTT Staff, May 15, 2012Atlanta - Home Depot's first quarter profit jump 23% to $1.0 billion, or 68 cents per share. More
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