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Leon's Furniture 1Q Profit Shrinks to $5.4M

By Aggregated Content in Financial Reports on May 14, 2013 from http://www.brandonsun.com/business/breaking-news/leons-first-quarter-profit-shrinks-to-54m-revenue-rises-to-1625m-207401111.html

Lower same-store sales, store opening costs and expenses related to the acquisition of The Brick Ltd. all contributed to a smaller first-quarter profit, Leon's Furniture Ltd (TSX:LNF) said Tuesday.

The retailer said net earnings in the three months ended March 31 totalled $5.4 million or seven cents per diluted share, down from $8.6 million or 12 cents per share in the same 2012 period.

The seller of home furnishings, electronics and appliances reported revenue of $162.5 million, up from $157.4 million.

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Grand Home Furnishings Makes Mattress Donation

By Aggregated Content in Community/Charitable Support on May 14, 2013 from http://www.wset.com/story/22246729/local-ministry-gets-large-mattress-donation

It's a huge donation for a local ministry.

Tuesday morning, we were there as Grand Home Furnishings dropped off a truckload of mattresses to Hyland Heights Baptist Church. The 140 Tempur-Pedic brand mattresses will be used by the Take My Hand Ministries.

Take My Hand helps families in need with everything from home furnishings to help with utility bills.

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Leon's first-quarter profit shrinks to $5.4M; revenue rises to $162.5M

By Aggregated Content in on May 14, 2013 from https://newsdesk4.moreover.com/click/?p=Qy84ODE2OTYxMjIxJm49TkFQQ08&a=MTQyNDg2ODc4NDM&f=TmV3cw&s=cmljaHhtbA&u=YWNyZW5zaGF3QG5hcGNvLmNvbQ&c=TkFQQ08&i=MA&e=QnJhbmRvbiBTdW4&d=1989&t=1 TORONTO - Lower same-store sales, store opening costs and expenses related to the acquisition of The Brick Ltd. all contributed to a smaller first-quarter profit, Leon's Furniture Ltd (TSX:LNF) said Tuesday. The retailer said net earnings in the three...

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Former Costco VP Mike Pollard Joins Abbyson Living

By Home Furnishings Business in Executive Changes on May 14, 2013

Former Costco Wholesale Vice President Mike Pollard has joined the board of home furnishings vendor Abbyson Living.

Pollard, who retired from Costco Wholesale this year 2013 after a 27-year career, brings new comprehensive business practices that will directly impact the growth of the Abbyson Living organization and further mature the value of the brand.

"Some of the goals I'd like to see Abbyson accomplish in the future relate to customer service and the expansion of their drop-ship model," Pollard said. "They are taking ownership of this drop-ship model, bringing it in-house, and I want to be a part of that. I think it's a very smart thing to do, to take ownership of the relationship with your customer from the beginning to end."
 
Pollard started with Price Club/Costco Wholesale in 1985 and held various management positions in warehouse operations, international, IT and e-commerce. He played a significant role starting the Costco businesses in Korea, Taiwan and Japan. Responsibilities included building construction, and training of initialing in-country operations staff.
 
He also played a key role starting and operating the Costco e-commerce businesses, Costco.com and Costco.ca, from start up through $2 billion in annual sales.
 
As Abbyson Living plans to launch its new Outdoor Patio furniture collections this summer, Pollard€™s involvement will be critical in this transitional stage of Abbyson€™s evolution into a cross category leader.

€œI expect Abbyson Living will continue to grow very rapidly," Pollard said. "We'll get into new businesses, new categories of furniture. The lawn and garden and outdoor patio living will be a significant part of the business in the near term.€

Martin Teams with Highlands Group for E-Commerce

By Home Furnishings Business in Internet on May 14, 2013

Martin Home Furnishings has partnered with The Highlands Group, an industry leader in e-commerce sales and management.

The Highlands Group will be responsible for online sales and marketing and growing sales with current and new customers within the e-commerce channel.

€œThe addition of The Highlands Group bolsters our continued focus on strengthening and growing our e-commerce sales efforts,€ said Paul Tabeek, San Diego-based Martin€™s vice president of sales and marketing. €œThey bring a vast knowledge of eCommerce sales experience to a very dynamic sales channel.€

Prior to partnering with The Highlands Group, eCommerce accounts were managed in-house by John Maggay, Martin e-commerce account specialist. He will continue to manage all e-commerce accounts, but The Highlands Group with be traveling and meeting with the accounts face to face.

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