Karen Neuberger opens brand room in Manhattan
SAN RAFAEL, Calif. The KN Karen Neuburger brand announced that it has opened a new brand room in the Russell Newman offices on 6 East 32nd Street in Manhattan.
The brand room showcases KN Luxury Home product offerings, available exclusively at the Bon Ton stores nationwide. The KN Luxury Home brand fashion bedding collections, linens, towels, tabletop and decorative accessories will be updated seasonally to keep the space fresh and inviting as well as reflective of current comfort-inspired home trends.
Target declares quarterly dividend
MINNEAPOLIS The board of directors of Target has declared a quarterly dividend of 16 cents per common share. The dividend is payable June 10 to shareholders of record May 20. The second quarter dividend will be the company’s 167th consecutive dividend paid since October 1967 when the company became publicly held.
Target’s dividend decision comes as the boards of directors at many other companies have been forced to reduce or curtail dividend payments in order to conserve cash.
Walmart customers hungry for alternative
Accurately forecasting demand is always a tricky proposition, but it appears Target missed the mark, in an encouraging way, with its new discount store in Rogers, Ark., where out-of-stocks have become a serious issue in the store’s expanded food and consumables department. This past Sunday, after a weekend of hard shopping, there were numerous holes in the food and consumables department and an entire four-foot section of Target’s newly repackaged Archer Farms brand cereal was sold out. The strong demand could be considered surprising since the store is located less than 10 miles from Wal-Mart’s headquarters and less than two miles from several upscale housing developments where numerous Wal-Mart executives and suppliers live. A decade ago, the location of a Target so deep in Wal-Mart territory might not have fared as well, since the demographics of the market and senior leadership in place at the time took a dim view of shopping at the competition. However, the past 10 years have seen marked changes in Northwest Arkansas, with a large influx of suppliers, in addition to Wal-Mart employees from other parts of the country, eager for shopping alternatives.