Daily News Archive
Brought to you by Home Furnishings Business
June 18,
2008 by in UnCategorized 
By Home Furnishings Business in on June 2008
The Selva Co. has launched a new Web site created to convey its spirit. An updated corporate logo accompanies the launch of the site at www.selva.com
“The new Web site and logo celebrate Selva’s evolution as being an internationally recognized brand,” said Philipp Selva, president and CEO. “We have combined the love of tradition with the courage for innovation, creating an exclusive, luxurious, international furnishings brand that I know my father would be greatly proud of today.”
Selva’s father founded the company in Bolzano, Italy, in 1968.
Interior designers and consumers can browse the site’s online catalog by collection, item or by model number. The site is navigable in English, German and Italian.
“Through the new Web site, visitors will experience just a taste of the captivating beauty and handcrafted quality that makes Selva the premier European furnishings brand,” Selva said.
June 18,
2008 by in UnCategorized
By Home Furnishings Business in Furniture Retailing on June 2008
New England retailer Bob’s Discount Furniture has donated two laptop computers and $500 to the Anna Mersereau Intermediate School for student research and project programs in Bronx, N.Y. The new Bob’s Discount Furniture Community Outreach Van recently visited the school and several other locations in the region with donations.
“After recently kicking-off our Community Outreach Van Program where we actually surprise needy organizations with donated items, I thought helping students by providing new technology and new computers was one of the most effective ways to promote a better education,” said Cathy Poulin of Bob’s Discount Furniture. “So we responded to a request we received months ago by one of the teachers at the school.”
The Anna Cross Mersereau Intermediate School MS206 is located at 2280 Aqueduct Avenue, Bronx, NY and is headed by the school’s Principal David Neering. “From the daily writing and research projects to learning how to utilize relevant software, our students were very happy about the new additions to our classrooms,” said David Neering, principal of the school.
“We developed the idea about a community outreach van after realizing that it could help coordinate our charitable foundation’s efforts even more effectively,” said Bob Kaufman, president of Bob’s Discount Furniture. “Our outreach van has enabled us to work with even more nonprofit groups on a more frequent basis. From child and senior citizen support programs to wheelchair and educational supply campaigns, the Bob’s Discount Furniture Community Outreach Van is now ‘on the road’ in the tri-state region performing random acts of kindness and making our community a better place one stop at a time.”
Organizations that are interested in being selected for a “random act of kindness” should e-mail a request to outreachvan@mybobs.com. One organization is selected at random each month.
June 18,
2008 by in UnCategorized
By Home Furnishings Business in on June 2008
Bassett Furniture Industries Inc., Bassett, Va., announced Wednesday that its Board of Directors has approved the first installment of $0.75 per share to be paid as part of the $1.25 special dividend announced in April.
Accordingly, $0.75 per share will be paid to shareholders of record as of July 16, with a payment date of August 1. The second installment of $0.50 per share is expected to be paid in October 2008 as further proceeds from liquidating additional portions of the company’s investment portfolio are received.
June 17,
2008 by in UnCategorized
By Home Furnishings Business in Casual Furniture on June 2008
Chromcraft Revington, West Lafayette, Ind., said that Chairman and CEO Benjamin M. Anderson-Ray will step down and resign from the company’s board by mutual agreement on June 30. Ronald H. Butler, the company’s lead director, will become chairman and CEO.
Board member Craig Stokely, who will become lead director, said, “This change in leadership is the next step in the evolution of our company toward becoming a consumer- and customer-focused company with efficient and effective product supply capabilities.”
Anderson-Ray, who joined Chromcraft Revington in 2005, will assume an advisory role for 90 days. In a statement, he said, “At this time it is appropriate for me to step out of the leadership of the company to support the ongoing process.”
On May 13, the company announced a 18.9 percent decline in first-quarter sales and a loss of $2.2 million. Earlier, the company reported a 23.7 percent sales decline in its fiscal year along with a $14.9 million loss for the period.
Butler, 58, has served on the company’s board since 2004 and previously served as interim chairman. Tuesday’s announcement said he resigned his position as president and CEO of Pet Resorts Inc., which builds pet boarding, day care and grooming facilities. His previous experience includes serving as PetSmart’s executive vice president of merchandising and marketing.
In March, the company announced it would cease manufacturing at its Delphi, Ind., factory and convert the building into a warehouse and distribution center. The move reduced the factory’s workforce by 150 people as production was shifted to suppliers in Asia.
June 17,
2008 by in UnCategorized
By Home Furnishings Business in Case Goods on June 2008
Zola, a designer and manufacturer of eco-friendly home furnishings in Bend, Ore., announced Tuesday that it has been awarded Silver Exemplary Status by the Sustainable Furniture Council (SFC).
It’s one of only five companies worldwide to receive the designation, which denotes adherence to a strict set of criteria regarding sustainable manufacturing and business practices.
“We are extremely proud of our efforts to reduce the impact of our company and its products on our planet,” said John Byfield, Zola’s president and a founding member of SFC. “Receiving this recognition from the SFC means a tremendous amount to all of us at Zola who have worked so hard to achieve this goal.”
The nonprofit SFC was formed in 2006 to set standards for promoting environmentally sustainable practices within the home furnishings business. Members applying for Exemplary Status must submit a certified application attesting to their achievements in a broad range of environment initiatives that include the use of Forest Stewardship Council-Certified woods, bio-based or recycled materials and renewable energy.