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Blog: Lighting, Rugs and Accessories Abound at High Point

Blog: Lighting, Rugs and Accessories Abound at High Point

HIGH POINT, N.C.–With the start of High Point Market this past weekend, manufacturers launched a number of new licenses and other programs to retailers. The Dick Idol collection launched at Crestview in lighting, wall decor, accessories and accent pieces. Before, these categories were split among manufacturers but now “we get to merchandise the category together,”More »

MVP Group Acquires Midwest-CBK

MVP Group Acquires Midwest-CBK

CHARLESTON, S.C.–Candle and home fragrance maker MVP Group International has agreed to acquire Midwest-CBK, a leading supplier of gifts, candles and home décor, from Blyth, Inc. for an undisclosed sum. The closing is expected before May 31, 2011. The sale enables Greenwich, Conn.-based Blyth to focus on its direct-to-consumer channels with its brands, which includeMore »

Hara Named to HSNi Corporate Strategy Post

Hara Named to HSNi Corporate Strategy Post

ST. PETERSBURG, Fla.–HSNi has appointed Mitchell Hara to the newly created position of senior vice president of corporate strategy/M&A. In this role, Hara is responsible for overall corporate strategy, in particular in identifying and developing new strategic initiatives and leading the strategic planning process for the company. He also evaluates and oversees potential strategic partnershipsMore »

Pernotto Takes Helm at Linens & More for Less

Pernotto Takes Helm at Linens & More for Less

BROOKFIELD, Ohio–Stephen Pernotto has been named president and CEO of Linens & More for Less, the seven-store home-furnishings specialty retailer. Pernotto has thus assumed responsibility for the overall direction of the chain. He has succeeded Fred Mershad, the former president and CEO of Elder-Beerman, who co-founded the chain last year and who has now becomeMore »

Flexsteel to Relocate Corporate Headquarters

Flexsteel to Relocate Corporate Headquarters

DUBUQUE, Iowa–Flexsteel plans to build a new corporate office building in Port of Dubuque beginning in July. The facility, pending approvals from state and local government entities, is scheduled for completion in summer 2012. Costing $12 million, it will measure 40,000 feet over four stories, and will be designed to be energy-efficient and environmentally friendly.More »

April High Point Market Opens Today

April High Point Market Opens Today

HIGH POINT, N.C.–The High Point Market opens today, with the newest wave of furniture, lighting, rugs and home decor products unveiled to the industry. New collections include Lexington Home Brands’ Henry Link Trading Co., a brand that has global influences and uses such materials as specialty veneers, marble, penn shell, embossed leather, aged metal, bamboo,More »

High Point Showroom Buildings Sold; Transition Staff Named

High Point Showroom Buildings Sold; Transition Staff Named

HIGH POINT, N.C.–As HFN reported yesterday, an entity called the High Point Acquisition Company has purchased the the showroom buildings Market Square Complex, Hamilton Market, 300 S. Main Street, Furniture Plaza, Plaza Suites, and the National Furniture Mart from MMPI properties for $139.5 million. These buildings and tradeshow spaces encompass 2.1 million square feet andMore »

Springs Posts Net Loss of $10.4 Million in 2010

Springs Posts Net Loss of $10.4 Million in 2010

MONTES CLAROS, Brazil-Increased expenses for selling, interest and bank charges, and taxes drove Springs Global’s bottom line to a net loss of $10.4 million for 2010. The loss reversed net income for 2009 of $20.5 million, with both dollar figures derived from the annual currency-conversion rate of the Brazilian real to the U.S. dollar forMore »