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November 28,
2012 by in UnCategorized 
By Home Furnishings Business in Financial Reports on November 29, 2012
Full-line furniture vendor La-Z-Boy (NYSE: LZB) reported that fiscal 2013 second-quarter sales rose 4.8 percent to $322.3 million compared to the prior-year period.
The company reported net income attributable to La-Z-Boy Inc. of $6.6 million, or $0.12 per diluted share, after $0.03 in restructuring charges relating to the company's case goods segment, versus $7.9 million, or $0.15 per diluted share in the prior-year period.
Same-store written sales for the La-Z-Boy Furniture Galleries store network increased 13.3 percent for the three months ended Oct. 27. Warren, Mich.-based La-Z-Boy'sThe upholstery segment's sales increased 7.5 percent; and during the period, the company completed its acquisition of nine La-Z-Boy Furniture Galleries stores in the southern Ohio market.
Delivered sales in the company-owned retail segment increased 16.1 percent (including the southern Ohio and other new stores). The delivered sales increase of the same 83 stores included in last year's second quarter was 10.2 percent.
Through fiscal 2013's first six months, La-Z-Boy sales of $623.8 million are 6.1 percent ahead of the prior year.
"During the quarter, our overall sales performance outpaced industry trends, led by a 13.3 percent same-store sales increase for the La-Z-Boy Furniture Galleries network of stores," said CEO Kurt Darrow. "We remain focused on driving growth and increased profitability and, with an eye on the future, continued to make strategic investments this quarter. During the period, we increased our marketing spend on the brand campaign, which we believe is delivering strong results, and opened or remodeled several stores. This additional investment during the quarter, coupled with increased incentive compensation expenses stemming from improvements in sales and operating results, affected our earnings for the period. As we move into the back half of the fiscal year, we expect incentive compensation expenses to have less of an impact compared to the first half of the year. We are also pleased to be in a position to reinstate our quarterly dividend to shareholders, which will be $0.04, demonstrating the faith our management team and Board of Directors have in our business model and strategy."
November 28,
2012 by in UnCategorized
By Home Furnishings Business in Internet on November 29, 2012
Inada USA, the exclusive U.S. distributor of "The Worlds Best Massage Chair," has unveiled its new Web site.
The site gives visitors a convenient way to learn more about the Inada Sogno DreamWave and Yu¢Me massage chairs and the shiatsu-based massage they offer.
With the new inadausa.com, were really able to showcase the Inada brand, said Cliff Levin, president of Inada USA, Boulder, Col. Purchasing a massage chair is a life-enhancing investment, and now, with this upgraded site, consumers will better be able to educate themselves about these award-winning massage chairs.
The site features detailed information on the functionality of the Sogno DreamWave and Yu¢Me chairs, including guidance on selecting the right massage chair. In addition, the new Web site features improved search and navigation; a Find a Dealer function, which identifies the nearest Inada dealers based on a visitors zip code; expert advice and FAQs on selecting the best Inada chair; information on Inadas three- and five-year warranties and customer support; and videos and customer testimonials.
Inada USA distributes therapeutic massage chairs through an exclusive relationship with the Family Inada of Osaka, Japan. Inada massage chairs combine shiatsu master massage movements with state-of-the-art Japanese engineering ingenuity. Utilizing a patented auto-sensing, auto-adjusting digital technology, the chairs have been recognized around the world for innovative design and exceptional product quality.
November 28,
2012 by in UnCategorized
By Home Furnishings Business in Mattresses on November 29, 2012
Luxury mattress brand Pure LatexBliss is targeting Canada as part of its 2013 growth plans.
The Atlanta-based company announced it plans to exhibit for the first time at the Jan. 12-15 Canadian Home Furnishings Market in Toronto and increase its number of regional distribution centers in the country.
Following the appointment of E.B. Walthall to vice president of sales, North America, Pure LatexBliss set out to strategically increase sales and brand efforts in Canada, a strong latex market. Pure LatexBliss has a distribution center in Calgary and is planning to add another in Eastern Canada early in 2013.
Our business has steadily been growing in Canada since 2010. It has proven to be a great market for latex and we want to increase our resources and marketing efforts to accelerate growth. Canadian retailers sell Latex more like European countries, which is different than the approach taken in the United States. Canada is a fantastic market for latex and has been for years, said Pure LatexBliss President Kurt Ling.
Pure LatexBliss manufactures and markets ultra premium mattresses. Today, the company does business in 15 countries and recently expanded from one fabrication site and warehouse in Atlanta to four with regional distribution centers in the United Kingdom, France, Canada, Atlanta, Miami, Phoenix, Texas, Connecticut, and Portland, Ore.
November 28,
2012 by in UnCategorized
By Home Furnishings Business in Executive Changes on November 29, 2012
Wright Global Graphic Solutions has promoted Vicki Fishman and Susan Rigsbee to vice president of marketing and product development, respectively.
Designed to strengthen the organization and better serve Wrights customers, this move follows the promotion of several other long time employees to senior roles in the company.
Fishmans career at Wright started nearly 30 years ago. During her tenure she has worked in the sales division and design department creating branding materials for a variety of clients across all industries. In her new role, she will oversee projects in all market segments within the company, including wine/beverage, action sports, hosiery, floor coverings, home furnishings and bedding. She also will be responsible for the companys public image, brand message and social media efforts.
Rigsbee joined Thomasville, N.C.-based Wright in 2010 with more than 20 years of marketing experience with high-profile furniture and bedding companies, including Sealy. Working in Wrights Showroom Solutions division, she was responsible for sourcing materials and overseeing new research and development efforts. As vice president of product development, Rigsbee will support the companys sales teams, work directly with customers and operations managers. She also will utilize her marketing experience and expertise in creating innovative point-of-purchase retail displays for all the companys market segments.
Vicki and Susan are both industry experts in their own right. Vicki has been with our company for decades and has a strong grasp of our brand message.Susan brings an outside industry perspective to the organization that has been invaluable, said Wright President and CEO Greg Wright. These promotions are well deserved and another part of the strategic changes Wright Global Graphics is taking to assure we stay on the vanguard of new products for each industry we serve, while better supporting our sales staff who ultimately provide our clients with a better products and solutions.
November 28,
2012 by in UnCategorized
By Aggregated Content in Store Openings on November 29, 2012
from https://newsdesk4.moreover.com/click/?p=Qy83Njk0MzM3ODg3Jm49TkFQQ08&a=MTI1NDcyNjQwNzE&f=TmV3cw&s=cmljaHhtbA&u=YWNyZW5zaGF3QG5hcGNvLmNvbQ&c=TkFQQ08&i=MA&e=VHJpYWQgQnVzaW5lc3MgSm91cm5hbA&d=1989&t=1
Boyles Furniture & Rugs will open a location in Mocksville, N.C.
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