Top Stories

• Off-pricers Ross, TJX lead April comps

  New York - The effects of a warm March and an earlier-than-usual Easter holiday did little to dampen comparable sales for six of the 10 key retailers tracked monthly by HTT, yet created a challenging environment for the three mid-level department store chains on the list.
   

• Target sets new "Threshold" for home with new private label program

  Minneapolis - As an improving economic climate encourages Target shoppers to shop discretionary categories, the discount chain is giving a facelift to its private "Target Home" brand with a name change and a revamping of merchandise.
   

• Did JCP's everyday pricing message resonate a little too well?

  New York - After a multi-media campaign touting its new streamlined pricing strategy resulted in a 20% decline in first quarter sales, JCPenney is shifting its marketing to emphasize month-long specials and "best price" clearance items.
   

• ShopNBC to expand home, narrows 1Q loss

  Minneapolis - 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.
   

• Sears Canada swings to profit in 1Q

  Toronto - 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.
   

• Feizy Import & Export Co. launches design contest

  Dallas - With social media sites Facebook, Twitter and Pinterest as its venues, Feizy Rugs has created its first annual design contest and is inviting consumers nationwide to enter.
   

• Glen Raven Custom Fabrics premieres Sunbrella Contract at HD Expo

  Las Vegas - Glen Raven Custom Fabrics continues the growth of its Sunbrella branded offerings with the premiere of a full portfolio of Sunbrella Contract fabrics during Hospitality Design Expo in Las Vegas, which kicked off yesterday. The fabrics are designed specifically for indoor and outdoor use in the hospitality and healthcare markets.
   

• Umbra to receive industry achievement award

  New York - Umbra and its co-founders, Les Mandelbaum and Paul Rowan, will receive the Gift for Life Industry Achievement Award during 60th Annual Retailer Excellence Awards (REA) sponsored by HTT sister publication Gifts and Decorative Accessories on Aug. 19, at the Lighthouse at Chelsea Piers in New York City.
   
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