Investors get rattled over Pier 1 Imports' decision to slash its full-year guidance.» Read More
SEOUL, Dec 18- Iconic Swedish furniture retailer IKEA built its biggest store in the world to serve South Korea's shrinking households, targeting millions of people living alone with Korea- only items like super-sized single beds and in-store kimchi rice. The store opened on Thursday in Gwangmyeong, less than an hour's drive or 14 minutes by train from central...
*Deal gives Steinhoff exposure to African clothing market. JOHANNESBURG, Nov 25- South Africa's Steinhoff International will buy clothing retailer Pepkor in a $5.7 billion deal that gives the budget furniture firm exposure to Africa's fast-growing apparel market and strengthens its business in eastern Europe. The 62.8 billion rand cash and share deal will...
Home Depot's earnings report coverage on Tuesday morning caused confusion among various news publications. What happened?
OSLO, Oct 13- IKEA Group, the world's biggest furniture retailer, may introduce an internal carbon emissions price to help its drive to protect the environment and create a "new and better" company, chief executive Peter Agnefjall said. After attending a U.N. summit on climate change in New York on Sept. 23, Agnefjall said the Swedish furniture giant will consider...
Oct 2- Wayfair Inc's shares rose as much as 27 percent in their market debut on Thursday, valuing the online home furnishings retailer at about $3.06 billion. The company's debut comes after the blockbuster listing of Chinese e-commerce juggernaut Alibaba Group Holding Ltd in New York and the strong debut of Europe's largest online fashion retailer Zalando...
Oct 2- Wayfair Inc's shares rose as much as 26 percent in their market debut on Thursday, valuing the online home furnishings retailer at about $3 billion. The stock opened at $36 and hit a high of $36.50 on the New York Stock Exchange. Goldman Sachs& Co, BofA Merrill Lynch and Citigroup are among the underwriters for the offering.
Sept 23- Home furnishings retailer Bed Bath& Beyond Inc reported better-than-expected quarterly revenue as increased discounting and promotions helped attract more shoppers to its stores.
Sept 23- Home furnishings retailer Bed Bath& Beyond Inc reported a 4.3 percent jump in quarterly sales as increased discounting and promotions helped attract more shoppers to its stores. The company's net earnings fell to $224.0 million, or $1.17 per share, from $249.3 million, or $1.16 per share. Bed Bath& Beyond's shares closed at $62.69 on the Nasdaq on Tuesday.
Sept 19- Online home-furnishings retailer Wayfair Inc's initial public offering is expected to be priced at $25- $28 per share, valuing the company at $2.32 billion at the top end of the range. It counts funds affiliated with Great Hill Partners, Battery Ventures and HarbourVest Partners among its stockholders.
The stronger-than-expected quarterly results have some analysts convinced that the retailer's turnaround is finally taking hold.
Some brands make such an impression that the notion of them dissolving is unthinkable. Click ahead to see iconic brands that have vanished.
In their panic to compete, brick-and-mortar stores overlook what really matters to their customers—service, according to a Gallup poll.
The company reported a loss of 1 cent a share on revenue of $758 million.
Domestic goddess Martha Stewart brought some baked goods and optimism on a day the stock market was slammed.
At least one analyst at Target pushed for an investigation into payment systems after government and industry reports.
The seller of gadgets, wine accessories, and furniture is in talks with firms about investing. The WSJ reports.
CNBC's Seema Mody takes a look at the home furnishing sector. Mody says Citi favors Williams-Sonoma and expects them to benefit from favorable housing trends, better merchandise and competitive planning.
Mark Mahaney, Internet Analyst at RBC Capital Markets explains what's driving the shoppers' migration from offline to online with mobile platform also gathering pace.
The Container Store's IPO priced at $18 per share, the high end of its expected range on Thursday.
IKEA'S augmented reality app allows users to photoshop an IKEA product into their homes, allowing customers to assess color scheme and the item's size before purchasing it.