Daily News Archive
Brought to you by Home Furnishings Business
February 5,
2007 by in UnCategorized 
By Home Furnishings Business in Upholstery on February 2007
High Point, N.C.-based Culp announced Monday that Franklin Saxon, a 24-year company veteran, has been named chief executive officer, effective May 1. Saxon, who joined the company as corporate controller in 1983, was named the company’s president and chief operating officer in 2004.
Chairman and CEO Robert Culp III will continue to serve as chairman and will be actively involved in key customer and industry relationships, according to the company’s announcement. Saxon, a member of the company’s board since 2001, headed the company’s former Culp Velvet/Prints division in 1988 and became Culp’s executive vice president, chief financial officer and treasurer in 2001.
“In recent years (Saxon) has been instrumental in bringing about the significant strategic and operational changes which have allowed the company to survive and progress through a rapidly changing industry environment, and, as a result, Culp is now well positioned to succeed in a highly challenging international market,” Culp said.
February 5,
2007 by in UnCategorized
By Home Furnishings Business in Furniture Retailing on February 2007
Rose Furniture, High Point, N.C., which said last year it would shut down its retail store, announced an agreement with key creditors Monday that the company said would avert a shutdown.
According to the company’s announcement, a creditors committee signed off on a plan that would result in higher payments to creditors than if the company went through a bankruptcy liquidation. The plan calls for eligible creditors to receive payments of 11.5 percent that would be followed by additional payments of up to 18.5 percent over two years. Customers with cash deposits would receive a 50 percent payment initially and an additional 50 percent payment within six months of the plan’s effective date. The company has indicated it hopes the effective date would be in April. For the plan to win approval, 90 percent of creditors must agree to it.
February 5,
2007 by in UnCategorized
By Home Furnishings Business in Furniture Retailing on February 2007
Northeastern retailer Bob’s Discount Furniture will open its 28th store, and first in the New York City/Long Island area, Feb. 15.
The 32,000-square-foot store in Farmingdale, N.Y., is the second location in New York state for the Manchester, Conn.-based retailer, which also has stores in Connecticut, Maine, Massachusetts, New Hampshire, New Jersey and Rhode Island.
A followup celebration will be held Feb. 17 at the new store.
“As we get 2007 underway, I’m am very proud to be opening our new Farmingdale, N.Y., store,” said Bob Kaufman, president of Bob’s Discount Furniture, in a release. “In the past, there have been numerous families from Nassau and Suffolk Counties who have traveled to one of the many other Bob’s Discount Furniture locations to shop for bedroom and other furniture items. Now, many more families on Long Island will be able to find out the formula to our success.”
Kaufman, known for his appearances in Bob’s Discount’s television advertising, will visit the new location opening day, a Thursday, and will be back on Saturday, along with fellow Bob’s television personality Cathy Poulin.
On both days, from 10 a.m to 10 p.m., a $100 gift card will be randomly given away to a customer every hour. Other prizes such as T-shirts and mugs will be given away, as well as free food and beverages at the store’s café, and also entertainment at the video arcade.
February 5,
2007 by in UnCategorized
By Home Furnishings Business in Case Goods on February 2007
Habersham Furniture Co., a high-end specialist in hand-painted reproduction and original design case goods and occasional, will expand its Claude Monet Collection licensed line at Spring market in High Point with the “Monet’s Journeys” collection.
The new designs include more than 20 pieces reflective of the environments, and the paintings they inspired, during the Impressionist master’s travels to the rugged Normandy Coast and parts of the Mediterranean during the late 1800s.
Pieces range from occasional accent tables, chairs, mirrors and chests to grand-scale entertainment centers, bookcases and wall units, and will be showcased in the company’s newest Habersham Home “French Country” presentation in the showroom located in space 142 of Market Square.
“The new ‘Monet’s Journeys’ collection draws on Monet’s travels and how the environments he frequented influenced his paintings,” said Tom Skipper, vice president of sales and marketing for Habersham. “The new direction for the collection provides the design team with a rich palette of masterworks, landscapes and styles. We are able to create truly unique designs that invite today’s consumer to bring an Impressionistic touch of color, texture and casually elegant styling into their homes.”
Habersham launched the Claude Monet Collection in 2000 with a series of designs inspired by the Impressionist’s famed home in Giverny and the works he created during his time there. The company has continued to add designs over the years reflecting the Giverny home, its furnishings, surroundins and other important works by Monet. Plans call for continued expansion of the collection with new additions to the Monet’s Journeys collection at future markets.
February 5,
2007 by in UnCategorized
By Home Furnishings Business in Leather Upholstery on February 2007
Pieces from Dallas-based leather upholstery manufacturer American leather will be featured in designer Vladimir Kagan’s redesign of the historic Morelli house in Las Vegas. The renovated residence opens to the public April 9.
Kagan has redesigned the home’s living room and other family areas with select pieces from his designer collections.
American Leather’s donations included two Zoe sofas for the main living room of the Morelli house. The sofas, a revival of Kagan’s classic organic-shaped sofa, will be shown in SuedeLife Ruby, and are located in the main living room of the Morelli house.
For accent design, American Leather has provided three Spyro ottomans, also in the living area.
“The Morelli house is a special project providing a resource for interior designers and consumers alike,” said Matthew Hayward, vice president of marketing for American Leather. “The company also sees this project as an opportunity to tap into the Las Vegas furniture Market which is a growing region in the home furnishings sector.”
The Morelli house will receive a designation from the City of Las Vegas on the public opening date from the Nevada State Register of Historic Places. An interpretive study of the house will lead to a published book and stand-alone Web site.