Author Archives: Home Furnishings News

Rug Market Packed With Lower Priced Offerings

Rug Market Packed With Lower Priced Offerings

ATLANTA–Price remains key for new product at the Atlanta International Area Rug Market, which opened yesterday at AmericasMart, and manufacturers have tailored their assortments accordingly. Cut and loop looks and other details are also prevalent as even product with lower price points have to have added value. Dalyn added 16 designs to its year-old StudioMore »

Best Buy December Revenue Jumps 13 Percent

Best Buy December Revenue Jumps 13 Percent

LAS VEGAS–December revenue for Best Buy totaled $8.5 billion, 13 percent ahead of December 2008, according to a statement issued by the retailer at the Consumer Electronics Show here. The company also said same-store sales rose 8.2 percent last month—a massive improvement over the 6.5 percent drop in same-store sales recorded in last year’s December.More »

Seguso USA Renews Permanent Showroom Lease at Forty One Madison

Seguso USA Renews Permanent Showroom Lease at Forty One Madison

NEW YORK–Seguso USA, one of the oldest Murano glass brands, has renewed its permanent showroom lease at Forty One Madison. “We are redesigning the space to meet both the needs of our tableware and gift market buyers; at the same time, becoming more designer-friendly and creating a unique ‘Murano Glass Destination’ at Forty One Madison,”More »

Designers to Debut in Accent on Design at Gift Fair

Designers to Debut in Accent on Design at Gift Fair

WHITE PLAINS, N.Y.–A+: The Young Designer’s Platform within the Accent on Design section of the New York International Gift Fair, is set to welcome new designers from six design firms during the upcoming show. The new participants include Sangwoo Nam, designer with South Korea-based Appree Co.; Jung Woo Lee, designer with ekdesign, also based inMore »

Same-Store Sales Post Positive December

Same-Store Sales Post Positive December

NEW YORK–The nation’s major retail chains reported a generally upbeat December in releasing their sales totals for the month. On the discounter side, Kmart, Target and TJX all finished last month in the black in terms of its same-store sales. Kmart’s 5.3 percent gain in same-store sales was part of a statement from Sears Holdings,More »

Bed Bath & Beyond Net Climbs 73 Percent in Third Quarter

Bed Bath & Beyond Net Climbs 73 Percent in Third Quarter

UNION, N.J.–Net income for Bed Bath & Beyond totaled $151.3 million in the retailer’s fiscal third quarter, up a strong 73 percent from its third quarter of last year. The huge gain on the bottom line was powered by an 11 percent pickup in net sales for the quarter, which totaled nearly $2 billion andMore »