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KUNMING, China — One of this city’s newest furniture retailers has the look and feel of an IKEA store. But don’t be fooled. The Swedish retail giant has not opened a store here. It’s all part of latest wave of Chinese knockoffs — fake retail formats. Kunming is the same city where a blogger recently . . . → Read More: Lates Chinese Knockoff: IKEA Buoyed by a 20% same-store sales increase, specialty bedding resource Select Comfort recorded double-digit sales and earnings increases in the quarter ended July 2. The company, which makes the Sleep Number airbed and sells its products largely through company-owned stores, said total sales rose 16.2% to $161.5 million. Net income, meanwhile, shot up 82% to . . . → Read More: Select Comfort Profit Increases 82% in Q2, 2011 Borders sold books and other educational and entertainment items at more than 900 stores prior to its Feb. 16 Chapter 11 bankruptcy filing. Gordon Bros. and Hilco Merchant Resources were the opening bidders for a planned liquidation auction and will now buy the assets and liquidate the business, according to a Bloomberg news report. There . . . → Read More: Borders Liquidation – 259 Store Locations Going Ghost-town A furniture store owner has been jailed on six counts of taking money for furniture he never delivered, The News Courier in Athens, Alabama reported today. Scott Connell of Limestone Furniture Mart was charged after the local sheriff’s department received 53 complaints of him taking $60,000 in payments for furniture he didn’t order. One customer . . . → Read More: Store Owner Charged with Theft! Pier 1 Imports’ earnings soared 83.8% in the fiscal first quarter ended May 28 as same-store sales rose 10.2%, on top of strong growth a year earlier, the Fort Worth-based retailer reported today. Total sales rose 9.3% to $334.6 million, primarily the result of gains in store traffic, conversion rate and average sales ticket, the . . . → Read More: Pier 1 Earnings Skyrocket 83.8% in First Quarter |
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