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December 11,
2012 by in UnCategorized 
By Home Furnishings Business in on December 12, 2012
Construction on a new Ashley Furniture HomeStore in West Palm Beach, Fla., is set to begin in January.
The 35,000-square-foot store is a $5 million project. The store is designed to achieve LEED certification from the U.S. Green Building Council and will feature climate control, lighting, plumbing and irrigation systems.
The store will adjoin City Furniture's http://www.cityfurniture.com/existing West Palm Beach showroom and will feature a café for customers.
City Furniture is expanding both of its brands with environmentally friendly renovations and new facilities in its market.
A tilt-wall construction project, the new West Palm Beach showroom will minimize energy and water consumption with green features such as a reflective roof coating, a super-high-efficiency air conditioning system, and expanses of low-emitting glass. More than 90 percent of the stores light bulbs will be LED bulbs.
December 11,
2012 by in UnCategorized
By Home Furnishings Business in on December 12, 2012
Mitchell Gold + Bob Williams has secured a $25 million senior-secured credit facility from Salus Capital Partners to provide working capital for general corporate purposes.
Both Bob (Williams) and I, and our partners at Wafra, are pleased to enter into this new arrangement with such a highly-professional lending group like Salus," said Mitchell Gold, co-founder and chairman. "This gives us the opportunity to operate more efficiently and effectively, and maximize our growth plans."
Eric Norfleet, managing director of Wafra Partners, said Salus has a "proven track record of enabling companies to make their opportunities so we are certainly pleased to have been able to work out this new arrangement."
To be partnering with Mitchell, Bob, and Wafra Partners on this financing is truly a privilege for us at Salus Capital Partners, said Marc S. Price, senior vice president, loan originations and corporate strategy of Salus Capital Partners.
Since the inception of the company, Mitchell and Bob have remained committed in their approach of furniture design with an emphasis on delivering comfortable and stylish home furnishings for a reasonable price. This emphasis has been instrumental in their success and is aligned perfectly with our dedicated and customized product offering for the furniture industry.
December 11,
2012 by in UnCategorized
By Home Furnishings Business in on December 12, 2012
Bedding vendor Therapedic International has partnered with Hong Kong-based mattress maker Airland as Therapedics licensee for the Greater China region.
Airland, which has more than 45 years in the bedding industry, will produce product for a region covering mainland China, Hong Kong and Macau.
Therapedic products will hit Chinese furniture showrooms with an array of dynamic point-of-purchase displays that differentiate it from competitors within the China market.
With a rich history of distinguished service, Airland continuously looks to assure brand influence and market innovation in the global bedding industry, said Airland Group President Daniel Sze. Chinese consumers hold American made products in high regard. They are sought after for their quality and craftsmanship. We are very confident of the success of the Therapedic brand, and we intend on making it a primary focus of our business in China.
With the emerging market in China, there has never been a better time to expand to the region, said Gerry Borreggine, president/CEO of Therapedic International. We have the opportunity to differentiate ourselves from our competitors and flourish in a rapidly growing, mass consumer market. We have been eager to find a company in China with both exemplary marketing and brand promotion capabilities. We are honored to have found that company in Airland.
Jimmy Yu will head Airlands Therapedic operations. He 24-years experience in the bedding industry, and an understanding of the vision and goals of Therapedic. Prior to joining Airland, Yu served as chief executive officer of the Chinese mattress brand Enlanda, which he founded in 2000. Yu brings strong marketing resources as head of Airlands Therapedic operations, including established relationships with retailers.
We are grateful to have someone with Mr. Yus distinguished experience help to launch our brand in China, said Borreggine.
The Therapedic brand was the first US brand to be marketed in China from 1986, with a previous partner, who no longer represents the brand. We were fortunate to have had distinguished representation in the past in China. And, now we have a new generation of product to be represented by a new generation of leadership in this prestigious country. We are proud of our past here, and we are sanguine about our future in China.
Therapedic International has more than 50-licensees producing products under the Therapedic brand label throughout the world.
December 11,
2012 by in UnCategorized
By Home Furnishings Business in on December 12, 2012
Home Furnishings Business magazine wishes you and yours a happy holiday season!
Click this link to view our animated holiday card, courtesy of Jibjab.com.
December 11,
2012 by in UnCategorized
By Aggregated Content in Furniture Retailing on December 12, 2012
from http://www.rttnews.com/2022505/restoration-hardware-posts-profit-tops-estimate-update.aspx?type=ern
Restoration Hardware Holdings Inc. (RH: Quote) Wednesday reported a profit for the third quarter, compared with a loss last year, as the home furnishings retailer benefited from strong growth in revenues as well as absence of one-time charges recorded in the year-ago period. The company's quarterly earnings and revenues came in above Street estimates.
Restoration Hardware, which made its debut on the NYSE last month, sells furniture, bath linen, and other items through its stores and website. The company competes with retailers such as Williams Sonoma Inc (WSM) and Ethan Allen Interiors Inc. (ETH).
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