Daily News Archive
Brought to you by Home Furnishings Business
March 16,
2010 by in UnCategorized 
By Home Furnishings Business in Furniture Retailing on March 17, 2010
Home furnishings retailing giant Ikea announced Tuesday that it has selected a site and hired contractors for its future Denver-area store in Centennial, Col.
The store is scheduled for a Fall 2011 grand opening. Ikea has retained Centennial-based Saunders Construction as the construction management firm. Other firms involved with the new store include: CLC Associates for civil design; Kimley Horn Associates as traffic consultants during the approval process; Ground Engineering providing environmental analysis and geotechnical services; Otten Johnson Robinson Neff & Ragonetti serving as local counsel; real estate brokerage firm Legend Retail Group assisting Ikea in the site selection process; Geothermal Systems of Colorado installing the geothermal component, and Miller Global selling the land. Atlanta-based GreenbergFarrow is architect responsible for store design, site planning and construction documents.
"With our land purchased, team selected and site-work permit pending, we now can schedule IKEA Centennial to open Fall 2011," said Doug Greenholz, Ikea real estate director, in a release. "Construction crews soon will begin clearing and grading the site, and we look forward to breaking ground officially in a couple of months."
The 415,000 square-foot future Ikea Centennial store, with approximately 1,500 parking spaces, will be built on 13.5 acres along the western side of Interstate 25 in the Park Meadows area, accessible from connections to Dry Creek Road and County Line Road exits, and will employ approximately 400 coworkers when the new store opens.
Ikea currently has more than 300 IKEA stores in 38 countries, including 37 in the United States.
March 16,
2010 by in UnCategorized
By Home Furnishings Business in Furniture Retailing on March 17, 2010
A New York dentist who moved to Pinellas County in Florida's Tampa Bay area has opened a furniture store, the St. Petersburg Times reported.
Drama Home Furnishings will specialize in high-end, coastal-living style furniture.
Waldow, a pediatric dentist, also has been designing and renovating homes for 25 years. He still has his dental practice and renovation business in New York.
Vendors include wicker and rattan specialist Braxton Culler; tables and chairs from Three Coins Cast Aluminum Co.; accent and furniture vendor Guildmaster; and Dash and Albert's rugs.
March 16,
2010 by in UnCategorized
By Home Furnishings Business in Case Goods on March 17, 2010
Whitewood Inds., Thomasville, N.C., has added 10,000 square feet to its High Point showroom at 215 S. Main St.
The company, which has occupied the South Main Street building's 10,000-square-foot first floor for 10 years, will expand its exhibition area to include the building's third floor. Jorge Mata, Whitewood Inds. CEO, said the expansion will afford designated showroom space to its Whitewood Ready-To-Finish and International Concepts divisions, as well present its John Thomas Select program more deeply.
"John Thomas Furniture has become well known in the Casual Dining segment of the industry, but Whitewood Inds. is a much broader home furnishings company," Mata said. "This expansion will allow us the needed space to fully exhibit our ready-to-finish division, Whitewood Ready-To-Finish, and specialty retailer supplier division, International Concepts."
The expansion will allow the John Thomas Furniture exhibition, specifically, to expand by 3,500 square feet, while the third floor expansion will be divided between the company's other two divisions. The second floor of the building is occupied by Golden Chair of Mississippi.
Whitewood Inds. Inc.'s divisions include, Whitewood Ready-To-Finish (unfinished furniture), John Thomas (casual dining and custom finish programs), and International Concepts (supplier to specialty retailers).
March 16,
2010 by in UnCategorized
By Home Furnishings Business in Financial Reports on March 17, 2010
SmarTrend, a subscription service that analyzes more than 5,000 securities, has highlighted an upward trend for shares of Furniture Brands International (NYSE:FBN), St. Louis.
In three months since Dec. 23, FBI's share price has risen 40.1 percent to $6.99; and is currently above its 50-day moving average of $5.30 and above its 200-day moving average of $4.68.
SmarTrend anticipates those moving averages will climb and confirm FBI's upward momentum.
March 16,
2010 by in UnCategorized
By Home Furnishings Business in Display on March 17, 2010
Furniture and accessories vendor GuildMaster, Springfield, Mo., has extended dates for its "Show Your Stuff" contest.
Participants may post their favorite retail display on Facebook until midnight Friday. Voting for retail displays will begin on Saturday at 12:01 a.m. and will continue until midnight Wednesday, March 31.
The grand prize winner will receive $5,000 in GuildMaster bucks, $1,000 for their favorite charity and 500 trees planted in their honor. Several other winners will receive a $1,000 donation made to the retailer's favorite charity, $1,000 in GuildMaster bucks for additional product and 500 trees planted in their honor.
There will also be an Editor's Choice honorable mention for best retail display.
GuildMaster CEO Steve Crowder will present the prizes to each winning retailer in their store April 1-April 15, leading up to the start of the High Point Market on April 17.
To participate, visit the GuildMaster on Tour Facebook Page.