Author Archives: Home Furnishings News

Spencer to Acquire Brookstone in Prepack Chapter 11

Brookstone

MERRIMACK, N.H.-Brookstone has reached a stock purchase agreement to be acquired by an affiliate of Spencer Spirit as part of a prepackaged Chapter 11 filing in U.S. Bankruptcy Court for the District of Delaware. The purchase price is about $147 million. To facilitate the agreement, Brookstone has obtained the support of the holders of itsMore »

Lifetime’s Simon to Retire; Bial, Mackrell Promoted

Glenn Simon

GARDEN CITY, N.Y.–Glenn Simon, group president of Lifetime Brands’ tabletop division and a longtime industry veteran, will retire April 11, the company said, and two other tabletop executives, Scott Bial and David Mackrell, have been promoted. Simon, a 34-year industry veteran, joined Lifetime Brands in 2007 as president of the dinnerware and glassware division, andMore »

Bassett Q1 Net Falls 14 Percent

Bassett

BASSETT, Va.-Downtrending sales, increased new store-related costs and reduced margins in its wholesale segment combined to slash Bassett Furniture’s first-quarter net income by 14 percent, to $843,000. Net sales in the quarter, which ended on March 1, fell 5.3 percent to $75.6 million. Included in the top-line total was a 5.4 percent decline in salesMore »

Surya to Expand Lighting Line in High Point

Surya Lamps

CALHOUN, Ga.–Surya will significantly expand its lighting category, which debuted last fall, at the upcoming High Point Market, adding more than 100 lamps in a range of styles, price points, colors and sizes. The expansion is in addition to its bedding line launch, which debuts at this show. It exhibits at Showplace, space 4100. TheMore »

Studio A to Open New York Showroom

Studio A

DALLAS–Home decor and accent furniture resource Studio A will open its first New York showroom next month, in the New York Design Center. With more than 4,000 square feet of space, the showroom is next to Global Views’ showroom on the sixth floor. The opening is set to coincide with New York’s International Contemporary FurnitureMore »

Surtex Sets Conference Program Lineup

Surtex 2014

WHITE PLAINS, N.Y.-Surtex has announced its schedule of conferences for the May show, with the program titled “Distinct Business Strategies from a Creative Perspective: Intelligence for Manufacturers, Designers and Retailers.” The trade show has slated 12 sessions in three distinct tracks. Track One, “Basics: Monetizing Your Creativity,” will take place on May 18 and willMore »

Coffee Buzz | Trends | April 2014

Bodum

Coffeemakers provided much of the talk at last month’s International Home + Housewares Show. Here are a few noteworthy new coffeemakers and coffee-related products that had their day at the show. CLICK ON IMAGES TO ENLARGE

Furniture & Lighting | Home Sweet Home in High Point | April 2014

AF Lighting

To paraphrase an American standard tune: Nothing could be finer than to be in High Point, North Carolina, in the morning. Especially an April morning—if you’re in the home furnishings business. This month, the Piedmont town reclaims its rightful place as the furniture capital of the world, along with all of the accoutrements such asMore »