Daily News Archive
Brought to you by Home Furnishings Business
October 4,
2012 by in UnCategorized 
By Home Furnishings Business in Business Strategy on October 5, 2012
Lacquer Craft will showcase The Metropolitan Home collection at next week's High Point Market.
Partnering with Hearst Brand Development, the company will offer to groups - Tocara and Savona. Both groups will feature case goods, upholstery and occasional pieces inspired by modern design.
Tocara is constructed of quarter-sawn white oak with an open grain Sumatra, a dark espresso finish and bronzed hardware. Details include invisible shelving hidden behind pilasters, adjustable lighting in a bed's headboard and concealed power units in a nightstand highlight the collection's combination of style and functionality.
Savona case goods feature Zebrano veneers with a Divai, or deep red/brown finish and nickel-plated hardware. The clean silhouettes of the group's seating are wrapped in reclaimed leather and velvet, and a modular home-office unit with a hidden, pull-out work surface is one of the group's most unique designs.
"The combination of luxurious materials, expert craftsmanship and sleek shapes reflect Metropolitan Home's emphasis on refined, contemporary design," said Glen Ellen Brown, vice president of brand development at Hearst. "Tocara and Savona are collections that can stand on their own or mix beautifully with other pieces to pull together a truly chic room."
Retail prices for The Metropolitan Home Collection range from $999 to $1,299 for dining sets; $1,999- $2,299 for bedroom sets $799- $2,499 for upholstered pieces. The collection can be seen at the Lacquer Craft USA showroom at 115 South Hamilton Street.
"We are very excited to partner with Hearst Brand Development to bring the Metropolitan Home brand to life," said Randy Chrisley, president and CEO of Lacquer Craft USA. "Each piece in the collection delivers smart, beautiful, and versatile design-directly addressing what consumers are looking for today."
October 4,
2012 by in UnCategorized
By Home Furnishings Business in on October 5, 2012
Masoud Negad has been named vice president of operations and supply chain for Canadian home furnishings retailer Tepperman's.
Prior to his promotion, Negad was the appliance and electronics buyer and director of supply chain for the retailer.
In his new role, Negad joins the company's executive leadership tea and is responsible for supply chain, logistics, warehousing and home delivery.
Negad joined Tepperman's in 1987 as a sales association in one of the company's stores. Within a few years, Negad was promoted to manager of the Chatham, Ontario, location before being promoted again, this time to manager of Tepperman's location in Sarnia, Ontario.
In 1995, Negad advanced to the role of buyer of electronics and appliances, taking on the additional responsibilities of director of supply chain in 2011.
Negrad brings a number of strengths to the senior leadership team including analytics, problem solving, leadership, a strong regard for the company's mission.
"I'm extremely pleased that Tepperman's was able to fill this new position from within our existing team of talented leaders," said Andrew Tepperman, president. "We're very proud of Masoud's accomplishments. With this addition to our executive team, we're the strongest we've ever been, and our retailing future becomes that much more exciting."
October 4,
2012 by in UnCategorized
By Home Furnishings Business in on October 5, 2012
Case goods supplier BK Home will mark its fifth year showing at the High Point Market in an expanded showroom.
The expansion of the showroom located in Market on Green takes the space from 9,000 square feet to 18,000 square feet.
Bill Kemp, principal owner and president, said the expanded showroom is illustrative of the company's success and commitment to the High Point Market.
"We started this company in 2007 and have continued to grow through a difficult economy," he said. "This latest expansion further cements our commitment to this industry, to our customers and to the future."
The larger showroom will allow BK Home to showcase a broader array of its adult and youth bedroom and casual dining products.
October 4,
2012 by in UnCategorized
By Home Furnishings Business in Financial Reports on October 5, 2012
Home furnishings retailer Havertys reported third-quarter 2012 sales of $172.7 million, an 11.1 percent increase over the prior-year period.
Comparable-store sales for the quarter increased 10 percent.
Sales for the first nine months of 2012 totaled $487.8 million, compared with $452.6 million in 2011, a 7.8 percent increase. On a comparable store basis, sales increased 7.1 percent for the first nine months.
Total written sales for the third quarter 2012 increased 12.5 percent over the same quarter last year.
"We are very pleased to report our fourth consecutive quarter of increased comparable store sales," said Clarence H. Smith, president and chief executive officer of Atlanta-based Havertys (NYSE: HVT). "The investments in our store presentation, distinctive products, technology to better serve our customers, and effective advertising with our 'discover something you' campaign are central to our competitive positioning.
"Our new store in Midland, Texas, opened in September, and we plan to open two new stores in the next six weeks as we relocate a store in McDonough, Ga., a southern suburb of Atlanta; and add a store in Allen, Texas, a part of the Dallas market. The demand for home furnishings is typically good in the fourth quarter as consumers ready their homes for the holidays."
October 4,
2012 by in UnCategorized
By Home Furnishings Business in High Point on October 5, 2012
Reclaimed teak furniture vendor Groovystuff will expand its High Point Furniture Market footprint with a showroom in the C&D Building.
The new, 1,300-square-foot space, suite 5L on the fifth floor, will complement Dallas-based Groovystuff's existing presence in The Suites at Market Square, G-1025; and let the vendor showcase its next generation of luxury lifestyle products.
We are thrilled to partner with Groovystuff and its University collaborative furniture, lighting and home décor product line, said Becky Minton, director of sales & leasing at the C&D Building. "Groovystuff is a fantastic addition to our stellar line-up of premiere home furnishings and accessories exhibitors that call C&D home."
We listened to what is most important to our buyers at market, said Chris Bruning, visionary behind the Groovystuff brand, and the upscale clientele who shop the C&D Building in High Point will give us an audience with a distinguished class of purchasers and a broader reach for our brand."
The new Groovystuff showroom in the C&D Building is filled with trend-forward products incorporating innovation, sustainability, and responsible business practices, designed to provide High Point shoppers with a world-class market experience; give attendees a glimpse at the future of residential home furnishings as seen through the emerging demographic of young consumers. The unique designs are influenced straight from inside the mind of Chris Bruning and his collaboration with Gen X and Gen Y.
Groovystuff endorses the future through educational outreach with University programs across the country by providing graduates with real world market experience and exposure in The University Hall of Innovation & Job Creation, a sponsored space at market that provides emerging graduates with networking opportunities and a platform on which to build on their association with the industry prior to graduation. Located in the Suites at Market Square, Showroom 1-836, The University Hall of Innovation & Job Creation showcases past collaborations with Appalachian State University, The Art Institute of Las Vegas, Auburn University, University of Georgia, University of Idaho, University of North Carolina at Greensboro, Purdue University, KMITL in Bangkok Thailand, and soon to be launched programs from Columbia College, The University of Southern Illinois and N.C. State.
For the High Point Market, Groovystuff has developed not only product promotions, but also price level promotions, freight caps, and financing for all clients shopping the Groovystuff line. In addition, Groovystuff has renegotiated with its shipping company to open the door for more 20-foot container business, which allows the retailers to purchase less product for their stores, yet still receive the benefit of free freight and product discounts just like they would with a 40-foot container.
Groovystuff has also strengthened ties with Lyon Credit Service in order to help retailers free up cash given the tightening credit crisis the country has been going through which will help dealers finance their purchases with Groovystuff.
These are the meat and potatoes programs that every manufacturer should be examining for its customer base to make business happen and help us all re-stimulate the economy." Bruning said. "Just offering the standard product and promotions is not what it takes given this new climate. Those manufacturers who are aggressive and responsive enough to adapt to the needs of the customer with products to meet this specific demographic are the ones who will survive."