Daily News Archive
Brought to you by Home Furnishings Business
February 6,
2013 by in UnCategorized 
By Home Furnishings Business in Community/Charitable Support on February 7, 2013
Ashley Furniture Homestores of Central New Jersey will donate twin and queen mattresses to the families that were impacted by Hurricane Sandy.
In collaboration with Tempur-Pedic Ashley Furniture HomeStore of Central New Jersey will provide 41 Tempur-Pedic mattresses to families in need on Friday.
Will Schafer, president of South Brunswick Furniture Inc., a licensee of Ashley Furniture Homestores, believes a locally owned business should be a good steward to the community it serves.
"As a family business stationed here in New Jersey, we were also negatively impacted by Sandy", said Schafer. "As an Elite dealer with Tempur-Pedic, we developed a partnership to give back to those in the hardest hit areas. These beds will provide a good night's sleep to those who have had many sleepless nights trying to recover from the aftermath of Sandy."
All 41 mattresses will be distributed to non-profit organizations within the community that were carefully selected based on need. On Friday, the selected organizations will visit the licensee's North Brunswick warehouse between 10 a.m. and 1 p.m. to receive the mattresses donated to their cause.
Executive director of the Bayonne Economic Opportunity Foundation, Ana Quintela, will represent one of the three organizations that will be receiving mattresses.
BEOF is very grateful that Ashley [Furniture Homestore] will be able to assist Bayonne Residents in need," Quintela said. "Several families lost everything in their apartment since they were located in flooded location. These mattresses will allow these people to sleep on a mattress instead of the floor.
The following organizations will receive mattresses:
* The Destiny Community Development Corp. in Brick, N.J., is a faith based nonprofit community organization involved with programs and services addressing the personal needs of community residents who require assistance to improve the quality of life for themselves and their families.
* The Bayonne Economic Opportunity Foundation was incorporated in 1965 with a philosophy of Community Action through the marshaling of citizens' participation and public and private funding. Although the agency's mission is to assist low income citizens, they pride ourselves on trying never to turn anyone away who feel they are in need without a referral to where they can be assisted.
* The Celebration of Life Center under the "Greater Is He "ministry of Trenton was established as an outreach ministry in March of 2004 in Trenton, N.J. This ministry is focused on bettering the lives of those within the Trenton community.
Schafer owns and operates five Ashley Furniture HomeStores with locations in Eatontown, Freehold, Linden, North Brunswick, and Woodbridge, N.J.
February 6,
2013 by in UnCategorized
By Home Furnishings Business in Furniture Retailing on February 7, 2013
Retail buying group BrandSource is launching a new private label line of home furnishings called Majestic Home Collection.
The assortment, which includes sofas, chairs, sectionals and ottomans with customizable fabrics and fast delivery, is exclusive to BrandSource retail members. Available now, the Majestic Home Collection will be showcased at the BrandSource Convention later this month in Orlando.
The Majestic Home Collection includes more than 30 SKUs, 70 fabric selections and guaranteed three-week delivery. All frames and fabrics are exclusive to BrandSource. The line is outsourced by England Furniture, a division of La-Z-Boy.
Were thrilled to offer our members exclusive access to an exceptional home furnishings collection that customers will love and competitors simply cant match, said Bob Lawrence, CEO of BrandSource. England Home Furnishings has a solid reputation for high quality products, excellent pricing and a wide assortment of styles and options without a long build cycle.
The BrandSource Majestic Home Collection offers 11 frames, each with a variety of options including coordinating chairs and ottomans. The line features self-sealing zippers, vented seat cushions and optional down inserts for the pillows. An assortment of Hammary occasional tables that complement the furniture can be selected and shipped with the order. Hammary offers a variety of occasional tables available in a variety of styles.
BrandSource is a 100 percent member-owned merchandising group with nearly 4,500 independent dealer members in North America and close to 3,000 branded stores in the United States.
February 6,
2013 by in UnCategorized
By Home Furnishings Business in Retail Technology on February 7, 2013
Automated retail analytics specialist Upstream Commerce has secured an additional $3 million in funding to further expand its pricing intelligence solutions.
The funding comes from YL Ventures, Bright Capital and additional private investors.
Upstream Commerce's pricing intelligence solution is a cloud-based service using advanced artificial intelligence, semantic analysis and data-mining technology that enables retailers to compete more effectively, increase sales and grow profit margins using 24/7 comprehensive competitor pricing and assortment tracking and analytics.
We will use the funding to further develop our core technology and product as well as expand our solution to provide critical intelligence-gathering capabilities that go beyond pricing and assortment intelligence, said Upstream Commerce CEO Amos Peleg. We will strengthen our big data analytics, as well as recommendation and prediction capabilities of the system, to provide our customers with actionable real-time data.
In addition, our recent launch of Customized Analytics enhances our flexible platform to offer clients a full stack of tailor-made data-processing and insight-viewing capabilities. To further solidify our position as the leader in this space, we will also continue to build strong partnerships with leading e-commerce integrators and other retail solution providers around the world."
Upstream Commerce global customer base includes retailers Toys "R" Us and Staples. The company currently tracks millions of products, and has billions of quality intelligence data points.
Historically, retailers have relied on personal experience and manual tracking to optimize their pricing and assortment relative to their competitors. However, the manual approach is no longer practical in todays intensely competitive, constantly evolving, and real-time online retail space.
Bright Capital Investment Director Gleb Kaplun said, "Upstream Commerce has a great team, fantastic technology, and a tremendous vision that will undoubtedly shape the future of retail intelligence."
February 6,
2013 by in UnCategorized
By Home Furnishings Business in on February 7, 2013
Wholesale club retailer Costco (NASDAQ: COST) reported net sales of $9.35 billion for the month of January, the five weeks ended Feb. 3.
That represents a 7 percent increase from $8.74 billion during the same period last year. This year's month contained one less day than last year due to the timing of the New Year's holiday.
For the first 22 weeks of its fiscal year, the retailer reported net sales of $43.77 billion, an increase of 9 percent from $40.18 billion reported during the same period last year.
February 5,
2013 by in UnCategorized
By Aggregated Content in on February 6, 2013
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A unit of Warren Buffett's company will back a debt deal involving Nebraska Furniture Mart's Texas project.
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