Author Archives: Home Furnishings News

World Rug Gallery Becomes First-Time Exhibitor at AmericasMart

World Rug Gallery Becomes First-Time Exhibitor at AmericasMart

ATLANTA — Come January, World Rug Gallery will exhibit at AmericasMart for the first time at the Atlanta International Area Rug Market, Jan. 13 – 16. Offering machine-made rugs, the company will show in a 1,600 square-foot showroom in Building 1 in space 3-C-3, and will host a ribbon-cutting ceremony during the show. “We lookMore »

Midwest-CBK Appoints Trends Director

Midwest-CBK Appoints Trends Director

CANNON FALLS, Minn.–Midwest-CBK has named Kelly Corcoran design trend manager, a newly created position. Corcoran, who reports to Beth Lorentz, Midwest-CBK’s vice president of product development, will partner with the company’s in-studio design team and product managers on product design innovation and collection concept development for holiday, gift, home decor and outdoor living lines. CorcoranMore »

NYIGF Enhances Website Search Capabilities

NYIGF Enhances Website Search Capabilities

WHITE PLAINS, N.Y.–A series of enhancements to the New York International Gift Fair website—nyigf.com—includes more interactive search tools designed to deliver more targeted and comprehensive search results, according to GLM, which owns and manages the show. The new product search tool, complemented by NYIGF’s Online Catalog Gallery, offers retailers access to more detailed product andMore »

Consumers Splurge on Black Friday

Consumers Splurge on Black Friday

WASHINGTON—Black Friday 2010 registered as a major positive event for U.S. retailers, judging from the numbers in a survey conducted by the National Retail Federation. U.S. shoppers spent an estimated $45 billion during this year’s Black Friday, up 9 percent from Black Friday 2009. They also spent more per shopper—9.3 percent more–to $365.34, according toMore »

Walmart Offers to Buy 51 Percent of Massmart

Walmart Offers to Buy 51 Percent of Massmart

BENTONVILLE, Ark.—Following through on plans announced in September, Walmart has made an offer to acquire 51 percent of the shares of Massmart Holdings, the South African retail holding company. The offer would cost Walmart $20.56 a share using today’s conversion rate of the South African rand to the U.S. dollar. A Walmart statement said theMore »

Springs Global Posts $15.7 Million Net Loss in Q3

Springs Global Posts $15.7 Million Net Loss in Q3

MONTES CLAROS, Brazil—Springs Global reported a net loss of $15.7 million in its third quarter ending Sept. 30, reversing net income of $7.6 million from the third quarter of last year. The drop in the bottom line occurred in spite of a 3 percent gain in net sales to $329.8 million, which was helped byMore »

AP Industries Launches New Website

AP Industries Launches New Website

LAURIER-STATION, Quebec—AP Industries, the Canadian manufacturer of bedroom furniture, has created a new Website structure and design in an effort to increase the site’s efficiency and the company’s brand awareness. The new APIndustries.com is divided into three distinct consumer categories: adult, youth and baby, each then divided into lifestyle categories of traditional, transitional and contemporary.More »

WestPoint Home Posts $14 Million Net Loss in Q3

WestPoint Home Posts $14 Million Net Loss in Q3

NEW YORK—WestPoint Home recorded a net loss of $14 million in its fiscal third quarter, compared to the $10 million net loss in the third quarter of last year. The loss occurred in spite of a 23 percent increase in net sales for the quarter, which were $116 million. It marked the second consecutive quarterlyMore »