Positive traffic and conversion rates helped Kirkland’s Inc. increase net income during the fourth quarter of fiscal 2014 26% to $15.6 million, from $12.3 million in the year-earlier period. Net sales increased 14.5% to $178.7 million, from $156.1 million.
It may not be quite as cool as a shoe phone or a “Cone of Silence,” but Ikea is getting smart with furniture.
The "60 Minutes" episode alluded to in last week's Lumber Liquidators earnings conference call was apparently more damning than some analysts expected.
Conshohocken, Pa. -- Ikea announced that it has chosen VCC to serve as construction manager both for the site work and store development of its new, larger store in Burbank, California. The new location will replace the chain’s existing Burbank store, which is also Ikea’s oldest store in the Western United States.
Pending remaining approvals and permits, groundbreaking is on track for fall 2015 and store opening in spring 2017. Until the new, roomier store opens on the new site, customers can continue to shop at the existing Ikea Burbank.
Lowe's Cos. reported net earnings of $450 million for the fourth quarter ended Jan. 30, a 47.0% increase over the year-ago period.
Atlanta-based The Home Depot reported a strong fourth quarter performance, with sales up 8.3% to $19.2 billion, and fourth quarter net earnings up 36.1% to $1.38 billion.
Ikea has chosen R&O Construction to serve as construction manager for the site work and store development of its future 351,000-sq.-ft. location in Las Vegas.
Pier 1 Imports Inc. has named senior VP of planning Laura A. Coffey, 48, as interim CFO.
The Home Depot is prepping for spring, traditionally its busiest selling season, with 80,000 new hires and by rolling out the latest mobile technology to better serve customers.