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HFB Wants Opinions During Vegas Market

By Home Furnishings Business in Las Vegas on February 4, 2010

Home Furnishings Business is interested in your take on the Las Vegas Market this week.

We are conducting a question of the day to get an unscientific feel for what you, the attendees see, like and maybe don't like about the market.

Yesterday we asked for your favorite night spot in Vegas, and got this response: "Red Square--Zero degree Vodka room. Fur coats and hats included!"

Today's question: Thumbs up or thumbs down for the Las Vegas Market?

We've even made it easy to participate for those of you on mobile devices. Just visit our mobile Web site at m.hfbusiness.com, type in your response and click Submit.

Of course, if you have your laptop or desktop computer handy, you can also participate by going to that same URL. Please note, there's no need to include "www" in front of the URL. If you do, it won't work.

Tomorrow, we'll share the results on our newsletter.

As always, thanks for participating.

Costco January Sales up 10%

By Home Furnishings Business in Financial Reports on February 4, 2010

Costco Wholesale Corp. (NASDAQ: COST), Issaquah, Wa., reported January net sales of $5.62 billion on Thursday, a 10 percent increase over the same four-week period in 2008.

For the 22 weeks ended Jan. 31, Costco's sales of $32.45 billion were 8 percent ahead of the same period last year.

International comparable store sales increased 25 percent for January 2010, and were up 4 percent in the U.S. For the 22-week period, U.S. comparable sales were up 3 percent; 18 percent internationally.

Costco plans to release its operating results for the second quarter of its 2010 fiscal year ending Feb. 14 on Wednesday, March 3.

Costco currently operates 566 warehouses, including 413 in the United States and Puerto Rico, 77 in Canada, 21 in the United Kingdom, seven in Korea, six in Taiwan, nine in Japan, 32 in Mexico and one in Australia. The Company also operates Costco Online, an electronic commerce Web site, at www.costco.com and at www.costco.ca in Canada.

Chromcraft Revington Unveils Youth Brand in Las Vegas

By Home Furnishings Business in Youth, Juvenile Furniture on February 3, 2010

Chromcraft Revington, West Lafayette, Ind., introduced a new brand targeting the fast growing "'tween" market and kids up to age 18 and beyond through its CR International subsidiary at this week's Las Vegas Market.

CR Kids and Beyond rolled out with collections in a range of styles, including cottage, contemporary, Country French, rustic and to transitional. The collections, including a complete program called EZ Bunks, are featured in Chromcraft Revington's Las Vegas showroom on the 13th floor of World Market Center's Building B.

Dressers are priced from $399 to $599, suggested retail. Headboards, beds and bunks range from $199 to $999, suggested retail. Rollout of additional youth collections and other product categories is set for the April High Point Market.

"With our new CR Kids and Beyond, we very deliberately incorporated the term 'Beyond' to demonstrate that we're committed to designs that are expected to grow with a young person through college and into their first apartment," said Bill Benton, president, CR International. "The 'tween market is generally focused on kids from 8 to 12. Beyond age 12 is a market that we are also addressing with these products. By high school, most kids have their own cell phones, iPods and laptops, and these kids have very strong ideas about their personal style, whether it's what they wear or how their rooms are furnished."

Nielsen, at the CTIA Fall 2008 trade show, indicated that the starting age for cell phone use and ownership is dropping, allowing increased marketing communications to the 'tween demographic.

"Today's young people tend to be the style setters of their homes," said Sean Slack, vice president of merchandising, CR International. "However, what parents still demand is a focus on value. What we anticipate accomplishing with CR Kids and Beyond is meeting the expectations of our 'tween consumers when it comes to style and design, while going beyond what parents expect in terms of value, quality materials and the type of functionality that meet family's needs throughout the school years and beyond."

CR Kids and Beyond is designed to appeal to the broadest base of consumers, according to Tom Liddell, senior vice president, sales and marketing, CR International.

"We've done our homework and created products that people are likely to buy," he said. "Product scale was another important consideration in the design process. Our youth furnishings are appropriate for the downsized home, apartments, cottages, cabins and small guest rooms."

The foray into youth furnishings represents expansion for the parent company. "We believe in the potential for this new product venture," said Mike Hanna, senior vice president, Chromcraft Revington. "Good people coupled with good products yields great results."

Leather Italia Opens Phoenix Warehouse

By Home Furnishings Business in Leather Upholstery on February 3, 2010 Leather Italia has opened a 150,000-square-foot warehouse in Phoenix stocked with its best-selling frames.

The Leland, N.C.-based leather supplier opened the center in December and has been shipping from it since mid-January. Michael Campbell, Leather Italia president, said the company is leasing the space now and plans to find a warehouse to buy within the next 12 to 14 months.

The decision to open the warehouse was driven by the desire to better serve Leather Italia's West Coast retail customers.

In addition to the Phoenix location, the company is adding 58,000 square feet to its warehouse in North Carolina. The addition will take the company's space there to 292,000 square feet.

"The additional space will allow us to keep up with the business we've got coming in, as well as open up new customers in the West," said Deb Linkhorn, vice president of marketing and communications.

HFB Seeking Opinions During Vegas Market

By Home Furnishings Business in Furniture Retailing on February 3, 2010 Home Furnishings Business is interested in your take on various aspects of the Las Vegas Market this week.

We are conducting a question of the day to get an unscientific feel for what you, the attendees see, like and maybe don't like about the market.

Today's question: Drinks anyone? Where's your favorite Vegas night spot?

We've even made it easy to participate for those of you on mobile devices. Just visit our mobile Web site at m.hfbusiness.com, type in your response and click Submit.

Of course, if you have your laptop or desktop computer handy, you can also participate by going to that same URL. Please note, there's no need to include "www" in front of the URL. If you do, it won't work.

As always, thanks for participating.
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