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Same day services, price cuts drive Target growth in Q2
Aug.27,2024
Results show that deal-hunting consumers are “still willing and able to spend,” said the retailer’s Chief Commercial Officer Rick Gomez.Read More + -
TK Maxx’s parent company has raised its profit guidance following a rise in sales
Aug.26,2024
The parent company of TK Maxx, TJX, has raised its profit guidance after sales across all units of the business increased.Read More + -
Wayfair Announces Second Quarter 2024 Results, Reports Best Quarter of Profitability and Cash Flow in Three Years
Aug.13,2024
BOSTON, Aug. 1, 2024 /PRNewswire/ -- Wayfair Inc. ("Wayfair," "we," or "our") (NYSE: W), one of the world's largest destinations for the home, today reported financial results for its second quarter ended June 30, 2024.Read More + -
Texas-based furnishings giant Conn’s files for bankruptcy
Aug.13,2024
Anyone surprised by the news this week that Conn’s HomePlus filed for Chapter 11 bankruptcy just wasn’t paying attention. The Woodlands, Texas–based electronics and home furnishings chain listed liabilities ranging from $1 to $10 billion to tens of thousands of creditors—and many in the industry had been murmuring about its problems for some time.Read More + -
The numbers are in, and home retailers are still hurting
Aug.09,2024
The return of better days for the home furnishings retail business will be delayed. Again. After another quarter of lackluster results from the national chains, it’s clear that a return to good times is going to have to wait at least another results report.Read More + -
Resource Furniture expands in Los Angeles, Visual Comfort opens three new stores, and more
Aug.01,2024
From store debuts to new flagships, the showroom industry is as hot as the summer heat. BOH has gathered all the showroom news to have on your radar this month.Read More + -
Wayfair’s first store is finally here. What’s it like?
Jul.31,2024
Next week the home furnishings e-commerce giant will open its first large-scale store, a 150,000-square-foot retail palace in the Chicagoland market. Its success (or failure) will be a critical signal for the company, which has struggled to obtain profitability with a largely digital strategy. This project has been in the making for some time, having been first announced three years ago with an originally planned launch date of spring 2023.Read More + -
Ross Stores adds 24 new locations in 2 months
Jul.24,2024
The off-price retailer still sees a path to 2,900 locations of its namesake banner as it also improves its value offering at DD’s Discounts.Read More + -
The owner of Homebase is mulling a sale of the DIY retailer after a takeover approach from The Range
Jul.24,2024
Homebase owner Hilco Capital is reportedly mulling a sale of the DIY retailer to The Range after being approached regarding a potential takeover.Read More + -
Depot files for bankruptcy
Jul.24,2024
Decorative items retailer operates around 300 branches nationwide The home accessories retailer Depot has filed for bankruptcy. The company has around 300 branches nationwide, as well as locations in Switzerland and Austria. In Germany, the chain employed around 4.400 people last year.Read More +
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