Furniture

National Home Furnishings Month Promotes Partnerships

National Home Furnishings Month Promotes Partnerships

LAS VEGAS-Participation in the second annual National Home Furnishings Month in September increased 30 percent over the inaugural year, according to World Market Center Las Vegas, which sponsored the event. More than 9,000 retailers nationwide participated in the marketing initiative, which included taking advantage of a listing on the homeyet.com store locator section, a complementaryMore »

Azevedo Tabbed as EVP of Merchandising for Mattress Giant

Azevedo Tabbed as EVP of Merchandising for Mattress Giant

ADDISON, Texas—Specialty retailer Mattress Giant has named Dominick Azevedo executive vice president of merchandising. In his new role, Azevedo is responsible for identifying new merchandising initiatives through existing and prospective manufacturing partners, as well as enhancing current initiatives such as store product offerings, sleep-accessory offerings, Mattress Giant’s Web site and more. He reports to MichaelMore »

hhgregg Net Falls 20 Percent in Second Quarter

hhgregg Net Falls 20 Percent in Second Quarter

INDIANAPOLIS–Net income for mattress/appliance retailer hhgregg dropped 20 percent in its fiscal second quarter, to $3.4 million. The bottom line suffered in spite of a 45 percent increase in net sales to $480.9 million in the quarter, which ended Sept. 30, 2010. Part of the quarterly numbers were a 41 percent jump in selling, generalMore »

Hellyer Named President of Kingsdown

Hellyer Named President of Kingsdown

MEBANE, N.C.–Mattress industry veteran Bob Hellyer has been appointed president of Kingsdown, replacing Pat Flippen, who announced his retirement last week. Hellyer’s new post is the latest among the leadership positions he has held in the industry. He served Simmons for 11 years, including his tenure as corporate president from 2001 to 2005. From 2007More »

NYIGF At Home Exhibitors to Increase Space in January

NYIGF At Home Exhibitors to Increase Space in January

WHITE PLAINS, N.Y.–A number of vendors in the At Home section of the New York International Gift Fair will increase their exhibit space at the January show. According to Dorothy Belshaw, NYIGF director and senior vice president of GLM, owner and manager of the show, exhibitors are looking for added space in anticipation of “healthyMore »

High Point Market Shows Upswing in New Buying Groups

High Point Market Shows Upswing in New Buying Groups

HIGH POINT, N.C.–The upbeat buzz from the recent High Point Market left exhibitors and buyers with the feeling that things may be turning around, according to the High Point Market Authority. The total attendance numbers from last month’s Market were 71,416, and there were good signs within those figures that accounted for the positive moodMore »

Furniture Brands Cuts Loss in Third Quarter

Furniture Brands Cuts Loss in Third Quarter

ST. LOUIS—Furniture Brands International reported a drastically reduced third-quarter loss of $2.1 million, down from the $23.5 million net loss from the 2009 third quarter. Improvements in the furniture manufacturer’s expense structure helped its bottom line in the quarter. Selling, general and administrative expenses were reduced by 21 percent, while interest expense dropped 23 percent.More »

Stanley Furniture Narrows Net Loss in Third Quarter

Stanley Furniture Narrows Net Loss in Third Quarter

STANLEYTOWN, Va.—Stanley Furniture reported a net loss for its third quarter of $4.9 million, compared to a net loss of $5.1 million for the third quarter of 2009. The company was able to reduce its loss through expense controls. Selling, general and administrative expenses were slimmed by 16.3 percent, while cost of sales were downMore »