December DIY Fared Better Than Expected
Chicago One sector that showed a less-than-expected decline in December was the home-improvement category, as data released Wednesday showed December sales at home-improvement retailers fell 5.5%, a dramatic improvement from the month before.
Sales were down about 14% in November from a year earlier, according to the statistics released by the U.S. Census Bureau.
Piper Jaffray analyst Mitchell Kaiser said companies such as Lowe’s Cos. and The Home Depot may have gotten a small December boost from colder temperatures that swept much of the country, sending shoppers to stores to buy shovels, ice-melting salt and insulation products.
Colorep names Anthony to board
RANCHO CUCAMONGA, Calif. Colorep, a leader in sustainable textile solutions, announced that it has named David Anthony to its board of directors.
Larry Levy, Colorep’s chairman and CEO, stated “We are delighted to have David Anthony joining Colorep’s board. He brings extensive experience in building great companies in the clean technology field. I look forward to growing Colorep with David on our team.”
As managing director of 21 Ventures, Anthony sits on the board of Agent Video Intelligence, 3GSolar, BioPetroClean, Juice Wireless, VOIP Logic, WorldWater & Solar Technologies.
Riley named to TWE board of directors
ALBANY, N.Y. Trans World Entertainment announced that Bryant Riley has been appointed to the company’s board of directors. Riley is currently the managing member and founder of Riley Investment Management LLC and founder and chairman of B. Riley & Co., LLC, a Southern California-based brokerage and investment banking firm.
“Bryant Riley brings extensive experience and a history of strong leadership to the company’s board of directors,” commented Robert Higgins, chairman and CEO of Trans World Entertainment.
Riley will fill the vacancy created by the retirement of Marty Hanaka from the board of directors.