The furniture retail giant explains to CNBC its U.S. growth strategy.
The power tool maker says it will buy Sears' Craftsman brand for $900 million in cash.
*Expanding in fast-growing eastern Europe. Steinhoff, on its own spending spree for no-frills furniture and general merchandise assets in Europe, bought Poundland for $800 million, a deal analysts said would be a prelude to an overhaul at the British retailer. "Management is quite confident that a multi-pricepoint and a different mix of product is definitely...
Kevin Quigg, chief strategist at ACSI Funds, discusses which retailers he believes look set to do well as holiday shopping season gets underway.
A fourth child fatality has been associated with one of the MALM chests included in Ikea's recall of 29 million chests and drawers.
CNBC's Joe Kernen took the lead from his wife when it came to revamping her childhood home for their own modern family, Architectural Digest reports.
Jim Cramer is joined by Newell Brands CEO Michael Polk to discuss the long-term vision of the company.
The entrepreneur's new furniture line is sourced from the U.S. and mostly made in America to help bring skilled jobs back.
US regulators warn of potential safety issues with some top-loading Samsung washing machines.
STOCKHOLM, Sept 13- IKEA Group reported record annual sales on Tuesday, including a 30 percent leap in online revenues after the Swedish budget furniture retailer belatedly embraced e-commerce. IKEA Group, which owns most IKEA stores worldwide, said sales in the 12 months through August rose 7 percent from the year before to 34.2 billion euros.
CHICAGO, Sept 8- The collapse of Hanjin Shipping will boost the cost to U.S. businesses and consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and frozen meat, according to federal agencies, shippers and retailers. United Parcel Service Inc said on Thursday it is seeing a bump in demand for its freight services and is working with...
*Deal cuts Steinhoff exposure to South Africa, jacks up debt. JOHANNESBURG, Sept 7- As the winner of several big horse races in South Africa, Variety Club's local dominance was never in doubt. Now, aiming to replace IKEA as the world's biggest furniture retailer, Jooste is venturing into the United States with the $3.8 billion acquisition last month of Houston- based...
JOHANNESBURG, Aug 31- South African furniture retailer Steinhoff saw full-year revenue rise by a third as the company, which is buying the United States' Mattress Firm and Britain's Poundland, said its European business had performed strongly. The $25 billion company, which sells low-priced beds and cupboards in Europe, southern Africa and Asia, said revenue...
A new report forecasts home remodeling this year will top records set during the housing boom. CNBC's Brian Sullivan discusses. Robert Wetenhall, RBC Capital Markets Homebuilding and Building Products analyst, and Todd Tomalak, John Burns Consulting VP, weigh in.
The deal would create the biggest mattress retail distribution company in the world.
Steinhoff International will buy Mattress Firm Holding, the largest specialty bedding retailer in the U.S. for $3.8 billion.
At Home failed to sustain a big IPO pop in trade on Thursday.
IKEA will recall its Malm dressers in China, the consumer watchdog said, just days after the Swedish company was accused of "double standards."
IKEA is recalling almost 36 million chests and dressers in the U.S. and Canada that have been linked to the deaths of six children.
The ready-to-assemble furniture company plans on transferring some of its ownership.