Daily News Archive
Brought to you by Home Furnishings Business
May 4,
2008 by in UnCategorized 
By Home Furnishings Business in on May 2008
Riverside Furniture’s President’s Award was presented to Fred Page during the company’s Annual Awards Dinner.
Fred represents Riverside, Ft. Smith, Ark., in Colorado, Utah, Wyoming, Idaho and Montana.
Riverside has showrooms in space C-302 of High Point’s International Home Furnishings Center; and space B-1175 at the World Market Center in Las Vegas.
May 4,
2008 by in UnCategorized
By Home Furnishings Business in Accessories on May 2008
California Marketing Associates (CMA) has been appointed sales representatives in Southern California and Hawaii for Atlanta-based Currey & Company, a vendor of lighting products and accent furniture as well as garden furnishings and accessories.
“We are pleased to have CMA on board to help us further develop our West Coast business and look forward to their immediate impact on our sales in that territory,” said Bob Ulrich, Currey & Company vice president of sales and marketing, in an announcement of the new representation.
CMA was founded in 1980 by Mickey Lang and has a showroom in the California Market Center in Los Angeles and an active road force that provides representation for manufacturers in gifts and home furnishings. Alan Daniels is sales manager for the group.
Currey & Company was founded in 1988 by Robert B. Currey and is based in Atlanta with showrooms in High Point, Atlanta and Dallas.
May 1,
2008 by in UnCategorized
By Home Furnishings Business in Furniture Retailing on May 2008
AMC Liquidators has created a retail division to sell furniture and accessories to the public through stores in two locations in its headquarters city, Fort Lauderdale, Fla.
“We are excited to expand our business with the retail division,” said Michael Grimmé, CEO of AMC Liquidators. “By buying in large quantities, we are now able to reach an entirely new market and provide the public with amazing stylish and elegant furniture at a fraction of the typical retail prices. The current downturn in the local economy has presented opportunities for us to buy at extremely attractive prices.”
AMC focuses on hotel liquidations, asset recoveries, salvage operations, office furniture liquidation and removal of excess inventory. The company’s retail locations will offer upscale furniture and home accessories purchased from major manufacturers, hotels, businesses and designers. Products are sold at up to 90 percent off. Categories include accessories, along with furniture from many of the largest names in the hospitality industry and goods from high-end furniture manufacturers.
May 1,
2008 by in UnCategorized
By Home Furnishings Business in on May 2008
Sun Capital announced Thursday that its slate of nominees for Furniture Brands International’s (FBI) board of directors—Alan Schwartz, Ira Kaplan and T. Scott King--have been elected to FBI’s board by “a substantial margin.”
Sun Capital, which waged a proxy battle with Furniture Brands International leading into yesterday’s annual shareholders meeting, based its announcement on an estimate by its proxy solicitor, D.F. King, at the close of the polls.
“The election of Sun Capital’s nominees is a victory for all Furniture Brands shareholders,” said Sun Capital Vice President Jason Bernzweig in the announcement. “Today’s results demonstrate shareholders’ desire for constructive change at Furniture Brands, and we are gratified by their support for our nominees. Our nominees look forward to working with the other Furniture Brands board members, management and the company’s talented employees to enhance performance and create long-term value for the benefit of all shareholders.”
Furniture Brands International said in its own announcement that because of the contested nature of this year’s annual meeting, a final reconciliation of the election will require authentication by an independent inspector of elections. The annual meeting of stockholders will reconvene on May 20, and the final results of the stockholder voting will be announced at that time.
May 1,
2008 by in UnCategorized
By Home Furnishings Business in Bedding on May 2008
Since its January launch, Furniture First’s Mattress 1st line of promotional mattresses by Serta have exceeded sales expectations, according to a Thursday announcement by Furniture First, which has 160 retail members.
“The new bedding program is just the medicine for today’s retail climate,” said Larry Barnes of FurnitureLand, Delmar, Del.
The strategic collaboration between the $1.4 billion buying group and Serta to produce the private label mattresses is designed to enable members to offer a high-quality mattress with unparalleled values and promotional price points.
“Our sales in the first month are running at 120 percent of the same period last year,” said Steve Rotman of Rotman’s, Worcester, Mass., who is chairman of Furniture First’s board of directors.