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Sorgeloos to Become HFPA President

Sorgeloos to Become HFPA President

NEW YORK—Keith Sorgeloos, president and chief executive officer of Home Source International, will become the next president of the Home Fashion Products Association. Sorgeloos was elected to succeed Rich Roman, president and CEO of Revman International, by the HFPA board at yesterday’s annual meeting of the association. He will assume the post on Jan. 1,More »

7 W to Host Retail Design Collective

7 W to Host Retail Design Collective

NEW YORK—The 7 W New York showroom building will serve as the official headquarters for the Retail Design Collective of the Association of Retail Environments. Formerly known as the NADI Show, the event is scheduled for Dec. 8-10. It will encompass 16 visual merchandising suites in 7 W, which will complement the collective’s participating companiesMore »

John Bassett Vaughan Receives AHFA Distinguished Service Award

John Bassett Vaughan Receives AHFA Distinguished Service Award

HIGH POINT, N.C.–John Basset Vaughan, chief executive officer of Vaughan Furniture Company, received the American Home Furnishings Alliance’s Distinguished Service Award during the group’s 2010 Annual Meeting at the Sanctuary on Camelback Mountain in Scottsdale, Ariz., last week. Vaughan, who also served as CEO of Webb Furniture Enterprises, was lauded as a “civic-minded industrialist.” HeMore »

Study Reveals “Significant Interest” in Green Home Furnishings

Study Reveals “Significant Interest” in Green Home Furnishings

CHAPEL HILL, N.C.–A survey of 351 women homeowners across the United States found that they have “significant interest” in purchasing eco-friendly home furnishings. Released by the Sustainable Furnishings Council and sponsored by the World Market Center Las Vegas, the study also found that actual purchasing of these products remains at low levels due to lackMore »

Walmart Net Rises 9 Percent in Third Quarter

Walmart Net Rises 9 Percent in Third Quarter

BENTONVILLE, Ark.–Net income for Walmart rose 9 percent to $3.4 billion in the third quarter ending Oct. 31. The world’s largest retailer was able to accomplish this even though net sales gained just 2.6 percent, to $101.2 billion. Mike Duke, president and chief executive officer, said the company has now delivered four consecutive quarters ofMore »

Retail Sales Rise for Fourth Straight Month

Retail Sales Rise for Fourth Straight Month

WASHINGTON–Sales by U.S. retailers totaled $373.1 billion in October, up 1.2 percent over September and registering the fourth consecutive month of sales growth. The total was also 7.3 percent ahead of October 2009 sales figures. The star performer among the retail channels was the auto sector, whose sales jumped 5 percent month over month. AmongMore »

Net for Home Depot Jumps 21 Percent in Q3

Net for Home Depot Jumps 21 Percent in Q3

ATLANTA–Third-quarter net income for The Home Depot rose 21 percent to $834 million. The home-improvement retailer managed this largely through its wary eye on expenses. Net sales for the quarter, which ended on Oct. 31, rose by only 1.4 percent to $16.6 billion, with same-store sales rising by the same 1.4 percent. But Home DepotMore »

Exhibitors Upbeat at Hospitality Show

Exhibitors Upbeat at Hospitality Show

NEW YORK–Home-textiles vendors exhibiting at this week’s International Hotel/Motel & Restaurant Show said both traffic and the mood among attendees was upbeat. Indeed, attendance seemed to be strong at the show, with the aisles at the Jacob K. Javits Convention Center full of representatives of hotel and restaurant chains, independent hotels and restaurants, and distributorsMore »