Daily News Archive
Brought to you by Home Furnishings Business
October 12,
2006 by in UnCategorized 
By Home Furnishings Business in Furniture Retailing on October 2006
Richmond, Va.-based retailer RoomStore announced its intention Thursday to issue stock to creditors as part of its reorganization plan, which was confirmed in May by the U.S. Bankruptcy Court.
The issue should take place by Nov. 10.
The company also plans to establish a secure Web site for providing certain financial information to shareholders.
Over the next 30 days, RoomStore will establish a process for verifying the identity of shareholders to receive stock and for granting access to the secure Web site.
October 12,
2006 by in UnCategorized
By Home Furnishings Business in on October 2006
Robert Sitler has joined full-line vendor Lexington Home Brands in the new position of vice president of global sourcing. He reports to President and Chief Executive Officer Phil Haney.
Prior to joining Lexington Home Brands, Sitler held several executive level positions at Stanley Furniture Co., including responsibilities for global sourcing, manufacturing, operations and logistics.
“Bob brings to Lexington extensive experience in the Asian region,” Haney said. “His wealth of industry and sourcing knowledge is an excellent complement to our already talented global sourcing staff.”
Haney added that Charles Aurich, Jeff Hunt and the rest of the company’s global sourcing team will work closely under Sitler’s direction as LHB “looks to increase our presence in this important segment of our business.”
October 12,
2006 by in UnCategorized
By Home Furnishings Business in on October 2006
Scott Reid has joined full-line vendor Broyhill Furniture Inds. as senior vice president and chief marketing officer. He replaces Tom Lentz, who has accepted a position with a firm outside the furniture manufacturing arena.
Reid comes to Broyhill with 21 years of diverse brand building, marketing and sales experiences with Brown-Forman, a major Fortune 500 corporation.
“We are very fortunate to have someone with Scott’s background leading the marketing efforts for the Broyhill brand,” said Tom Foy, president and chief operating officer of Broyhill’s parent company, Furniture Brands International. “With a strong knowledge of strategic business planning, distribution channel sales and marketing as well as advertising and promotional development and execution, Scott will continue building the Broyhill brand and its marketing and advertising efforts.”
October 11,
2006 by in UnCategorized
By Home Furnishings Business in High Point on October 2006
Triad-area hotels, in cooperation with the High Point Market Authority, are offering room blocks at discounted rates for spring market attendees who book by Jan. 31.
Rooms at some hotels will be available for $59.99 a night.
The agreement is the result of the creation of a Hotel Task Force the market authority put together in August to figure out ways area hotels and the authority could better work together. Members of the task force include hoteliers from the Triad, representatives from the Greensboro Convention & Visitors Bureau and the High Point Convention & Visitors Bureau.
“The market authority used the task force to validate the conept of this program,” said Brian Casey, president of the market authority. “The market authority then proceeded to contct hotels on an individual basis to solicit the most favorable rates.”
Market attendees will be able to book rooms through the market authority’s Web site at highpointmarket.org beginning Nov. 6.
“This is just the first phase of our program, and we’ll be adding new hotels to the mix as we move forward,” Casey said. “Obviously, we will be promoting these hotels above others who choose not to work with the market.”
With the hotel rate reductions, many of the hotels will impose some restrictions and minimum stays. The list continues to be updated, but current cooperating hotels include The Embassy Suites in Greensboro for $239 at the upper-end of the cost spectrum and the Innkeeper in Winston-Salem on Peters Creek Parkway for $59.99 on the lower end.
October 11,
2006 by in UnCategorized
By Home Furnishings Business in Furniture Retailing on October 2006
American Furniture Warehouse has completed its new Super Center location near Longmont, Col., in the city of Firestone. 530,000-square-foot retail and distribution project will open Nov. 6.
The center, Thornton, Col.-based American’s 11 location, includes more than 176,000 square feet of retail space.
The showroom will feature a customer “self-service” level downstairs and a more traditionally designed furniture store layout upstairs.
In designing the new store, American President and Chief Executive Officer Jake Jabs traveled all over the country gaining inspiration from several “big-box” retailers.
“Today’s shopper demands great value and selection, but they also want to be left alone and take whatever they purchase with them—I think we accomplished all of it,” Jabs said.
In addition to three escalators, two restaurants and a Mexican-style Cantina that will sell rustico furniture and accessories, the new facility will feature many innovative ideas that will add to the customer’s buying experience.
The new warehouse/store will have over 350,000 square feet of distribution capabilities.
“Logistics are another reason we did the [$30 million] project,” Jabs said, noting that the suburbs north of the Denver metro area are expected to be Colorado’s fastest growing area over the next 20 years.
Dozens of manufacturers including Sealy, Lane and Ashley have lined-up to participate in a statewide contest giveaway to support the Super Center’s opening festivities. The grand prize is a new custom-painted Corvette valued at nearly $70,000.