Daily News Archive
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December 3,
2012 by in UnCategorized 
By Aggregated Content in on December 4, 2012
from https://newsdesk4.moreover.com/click/?p=Qy83NzI0MjMwMTIyJm49TkFQQ08&a=MTI2MTAyNjc0MDM&f=TmV3cw&s=cmljaHhtbA&u=YWNyZW5zaGF3QG5hcGNvLmNvbQ&c=TkFQQ08&i=MA&e=TmV3IFlvcmsgRGFpbHkgTmV3cw&d=1989&t=1
When Dawn Martinez went back to Locust Point last Friday after four weeks of uncertainty, a new home was waiting for her.
Her basement apartment, ravaged by Hurricane Sandy, got new life when a Bronx furniture store donated new beds, mattresses, a marble...
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December 3,
2012 by in UnCategorized
By Aggregated Content in Furniture Retailing on December 4, 2012
from http://www.newsobserver.com/2012/12/04/2524346/west-elm-market-is-a-new-kind.html
Home furnishings retailer West Elm, part of the Williams-Sonoma family of brands, is bringing back the concept of the general store.
Reviving the feel of a small-town store that sold everything, West Elm Market is a modern-day version of the general store. The concept features kitchenware, gardening tools, basic hardware and the list goes on.
The first store is open in Dumbo, the Brooklyn, N.Y., neighborhood. Other outlets are planned for Dallas, Los Angeles, Philadelphia, Nashville, Tenn., Seattle, Toronto and Costa Mesa, Calif.
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December 3,
2012 by in UnCategorized
By Aggregated Content in Furniture Retailing on December 4, 2012
from http://www.nydailynews.com/new-york/bronx/bronx-furniture-store-replaces-beds-dining-room-set-destroyed-hurricane-sandy-article-1.1212370
When Dawn Martinez went back to Locust Point last Friday after four weeks of uncertainty, a new home was waiting for her.
Her basement apartment, ravaged by Hurricane Sandy, got new life when a Bronx furniture store donated new beds, mattresses, a marble dining table and chairs so she and her two young children can live comfortably again.
Read Full Article...
December 3,
2012 by in UnCategorized
By Home Furnishings Business in Furniture Retailing on December 4, 2012
Home furnishings, electronics and appliance retailer Conn's (NASDAQ:CONN) reported that fiscal 2013 third-quarter sales rose 10.6 percent to $206.4 million.
Same-store sales for the three months ended Oct. 31 rose 12.6 percent over the prior quarter, on top of same-store sales growth of 18.9 percent a year ago. Conn's reported diluted earnings per share for the period of $0.35 on a reported basis, versus a loss of $0.40 per share last year.
"Our Conn's HomePlus store in Albuquerque has performed well since opening in November. This week we will open three additional stores," said Theodore M. Wright, chairman and CEO of Conn's, The Woodlands, Texas. "We continue to see sales growth in our existing store base. November same store sales rose 6 percent on top of same-store growth of 10 percent last year."
The company increased its earnings guidance for the 2013 fiscal year ending Jan. 31 to diluted earnings per share of $1.55 to $1.60 on an adjusted basis. Expectations in developing the guidance for the full year include:
¢ Same stores sales up 13 percent to 16 percent.
¢ Five new store openings.
Conn's also initiated earnings guidance of diluted earnings per share of $2.05 to $2.15 for the fiscal year ending Jan. 31, 2014.
Conn's also announced that Rey de la Fuente, president of the Credit Division, is leaving after 14 years of service, to pursue other opportunities. De la Fuente is staying through Jan. 31, to complete the transition of his duties, which began early this year.
"We appreciate Rey's many years of service and contributions to the company," said COO Mike Poppe. "We wish Rey well in his future endeavors."
December 3,
2012 by in UnCategorized
By Home Furnishings Business in on December 4, 2012
Home furnishings retailer Schmitt Furniture has joined the Furniture First buying group.
The retailer, based in New Albany, Ind., brings the group's membership to 194 with 414 furniture store locations in 47 states.
"Furniture First offers a competitive advantage to independents in a difficult economy," said Bill Hartman, Furniture First president. "Our programs add to their bottom line with rebates, discounts and operational efficiencies. But the other benefits we offer, like our exclusive merchandise and private labels, also help them improve their margins and stand out from the competition in their local markets."
Furniture First will present the new lineup for the group's private label Mattress 1st at the upcoming Las Vegas Market in January 2013. The exclusive, private label bedding line which is manufactured by Serta, focuses on the promotional end of the mattress market. Members are invited to review the products in the Furniture First showroom, at the World Market Center, B-962.
In addition to the bedding review, Furniture First plans members-only group shops to highlight exclusive private labels and highlight suppliers that produce merchandise domestically for a "Made in the USA" showroom showcase. Furniture First's showroom will display select products from several of their suppliers. Members can stop by the showroom to pick up information about programs and merchandise or they can use a computer, printer and fax machine in an office-away-from home.