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Trading Partners

  • Lowe’s names innovation and vendor partners of the year

    Mooresville, N.C. -- Lowe's Companies Inc. has named 3M, Stainmaster and Truper as the company's 2014 Vendor Partners of the Year. The companies were selected for their commitment to product quality, innovation and customer service.   

  • Elizabeth Arden swings to Q1 loss, plans Southeast Asia entry

    New York -– Non-recurring items, including charges relating to stock issuance and tax valuation, helped swing Elizabeth Arden Inc. to a net loss of $25.5 million in the first quarter of fiscal 2015, compared to net income of $1.59 million in the same period a year earlier. Declining North American fragrance sales helped reduce net sales 21% to $270.38 million from $343.6 million.  

  • Report: Wal-Mart testing holiday price-matching

    Bentonville, Ark. –- Wal-Mart is reportedly testing a price-matching program it may use for the upcoming holiday season. According to the Wall Street Journal, Wal-Mart is currently piloting price-matching with local competitors in brick-and-mortar stores but may expand the program nationally and include online competitors like Amazon.com.  

  • Top toy exec joins brand builder

    Former Toys “R” Us president Neil Friedman has joined toy manufacturer Alex Brands as president and CEO.

    Friedman has been appointed to the Alex Brands board of directors earlier this year.  Prior to that he was president of the U.S. division at Toys “R” Us and also served as president at Mattel Brands, Fisher-Price Brands, Tyco Preschool and MCA/Universal Merchandising. Friedman is a member of the Toy Industry Hall of Fame and the International Licensing Industry Merchandiser’s Association’s Hall of Fame. 

  • Brixmor upgrades shopping center portfolio

    New York -- Brixmor Property Group Inc. has provided an update on its ongoing program to maximize value in its shopping center portfolio. These initiatives involve upgrading its centers' merchandise mix with strong, best-in-class anchors to drive higher sales, traffic and small shop leasing, while elevating center appeal to improve rent levels and shopping center net operating income.   

  • Report: Japan’s Softbank to invest $10 billion in Indian e-commerce

    Minato, Japan –- Japanese telecom/technology investment firm Softbank is reportedly planning to invest $10 billion in Indian e-commerce players during the next 10 years.   According to TheStreet.com, Softbank’s investments will include $627 million into Indian e-commerce platform Snapdeal.  

  • Stonewall Kitchen receives Centre Partners investment, names new CEO

    York, Me. –- Stonewall Kitchen has received an investment from private equity firm Centre Partners. As part of the investment, Stonewall Kitchen will continue to be managed by its existing leadership team with the addition of Centre operating partner John Stiker, who has been named CEO.    

  • Tesco chair to step down as net income plummets below estimates

    Cheshunt, U.K. –- Sir Richard Broadbent, chairman of Tesco PLC, will step down in the wake of a 99% drop in net income for the first half of fiscal 2014. Tesco reported first half profits of $9.6 million, about $333 million less than previous estimates.  
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