Daily News Archive
Brought to you by Home Furnishings Business
July 23,
2007 by in UnCategorized 
By Home Furnishings Business in High Point on July 2007
The assets of Rose Furniture Co. in High Point are set to be auctioned Aug. 17 through a sealed-bid format.
Audie Cashion, president of Alpha World Properties, the agency marketing the building, sees the property as a perfect solution for Asian manufacturers looking to enter the U.S. market with a more focused distribution strategy.
Cashion said he sees a developing trend where Asian manufacturers buy U.S. companies to collapse the costly and less-effective distribution channels in an attempt to increase profitability and inventory turns while segmenting their markets.
“It eliminates the pain of say a Chinese manufacturer stacking up inventory which becomes obsolete so they can control their destiny to enter the U.S. market directly and effectively,” Cashion said. “Unlike other cities, High Point provides the furnishings best practices, intellectual capital, and ease of access to a greater majority of the U.S. population within a day’s truck drive giving companies the resources and location they need to be successful.”
Rose Furniture went into bankruptcy for the second time May 25.
For complete details of the offering, contact Cashion at audie@alphawp.com. All bids must be e-mailed to the same address by 5 p.m. Friday, Aug. 17.
July 23,
2007 by in UnCategorized
By Home Furnishings Business in Mattresses on July 2007
The 370-store Mattress Firm chain has selected a governance, risk and compliance software solution from BWise that is designed to advance internal control while facilitating financial reporting and process management.
The technology is designed to give the Houston-based retailer the ability to establish an effective internal control framework and conduct thorough financial reporting, including executive level reports that provide insights into key corporate data. The technology’s open assessments capability helps ensure that business units comply with established rules.
“Mattress Firm chose BWise because their software will facilitate our process improvement initiative, giving us undisputed process driven value,” said Catherine Maxwell, Mattress Firm’s director of financial analysis and reporting. “We look forward to working with BWise to help take our company to its next phase of groth and further solidify our position as a market leader.”
July 23,
2007 by in UnCategorized
By Home Furnishings Business in Markets on July 2007
The fifth edition of Interior Lifestyle USA will highlight more than 70 home textile and table top exhibitors at the Sands Expo Center July 31 through August 3 as part of the Las Vegas Market. Presented by Messe Frankfurt, Interior Lifestyle USA will include a presentation on European trends from the Heimtextil event in Frankfurt, Germany.
The exhibition area includes the Declaring Color display which is a reproduction of the 2007 trend display from Heimtextil, which is the biggest trend show in the world for home and commercially used textiles. It incorporates the latest designs from leading design studios and manufacturers.
July 23,
2007 by in UnCategorized
By Home Furnishings Business in on July 2007
Chromcraft Revington Inc., West Lafayette, Ind., has appointed Dennis Valkanoff president of its CR-Home residential furniture division.
Valkanoff, senior vice president of Chromcraft Revington, replaced David Corbin, who has resigned from the company.
In his expanded role, Valkanoff will have overall profit/loss responsibilities for the residential furniture business, and will be responsible for the integration of the company’s residential furniture sales and marketing functions as well as management of its product life cycle. He will continue to report directly to Ben Anderson-Ray, chairman and chief executive officer of Chromcraft Revington.
“This integration will provide greater coordination and alignment between sales activities, product management and marketing activities for our residential furniture business,” said Anderson-Ray. “It parallels the structure of our commercial furniture business, and constitutes another important step in repositioning the Company in the global furniture marketplace.”
In addition, Vice President of Product Management and Merchandising for CR-Home Brenda Dillon will assume overall merchandising and category responsibility for CR-Home occasional, upholstery and bedroom product. Boyd Barnhardt continues as director of marketing. Both report to Valkanoff.
Chromcraft Revington’s home furnishings brand, CR-Home includes the Chromcraft, Peters-Revington, Sumter, Silver Furniture and Cochrane Furniture brands.
July 23,
2007 by in UnCategorized
By Home Furnishings Business in Upholstery on July 2007
Pat Watson has joined Broyhill Furniture Industries Inc., Lenoir, N.C., as director of product development, a new position at the full-line vendor and Furniture Brands International company.
Watson reports to Jimmy Martin, Broyhill senior vice president of supply chain, and will be responsible for directing and managing both domestic and Asian new-product development teams. He has also been charged with refining the product development process to ensure the right products are delivered on time and with ensuring the effective and on-time execution of Broyhill’s merchandising concepts and ideas.
“We are very fortunate to bring someone with Pat’s vast knowledge and experience to Broyhill,” Martin said. “His in-depth understanding of the global sourcing marketplace and his proven track record of using technology to create and maintain efficiencies will help Broyhill achieve its goals of on-time, on-quality and on-cost.”
Watson Broyhill most recently from Magnussen Home Furnishings Inc., High Point, where he held a variety of positions including merchandising manager for all product categories, director of international supply, supply manager, director of product development and domestic quality assurance, product development manager and product development coordinator. Before joining Magnussen Home, Watson was an information technology systems analyst with Furniture Today, a sales representative with Inacom Information Systems, and a sales manager and sales representative for Taracorp.