Daily News Archive
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April 11,
2013 by in UnCategorized 
By Aggregated Content in on April 12, 2013
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This is a breaking news story. Please check back here for updates.
Economists polled by Reuters forecast a month-on-month gain of 0.1 percent in March for retail sales, versus a 1.1 percent gain in February.
Forecasts also called for a month-on-month...
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April 11,
2013 by in UnCategorized
By Aggregated Content in on April 12, 2013
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Along with arming some security employees with handguns, the retailer will begin allowing customers who have a permit to carry a concealed weapon to shop inside its stores. Signs that say No Weapons Allowed will be...
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April 11,
2013 by in UnCategorized
By Aggregated Content in economic news on April 12, 2013
from http://research.tdameritrade.com/grid/public/markets/news/story.asp?docKey=1-SN20130412007924-0BEPL8GUKF2C3LSTSDNNQP5C6Q&category=Economy
A gauge of consumer sentiment dropped in early April to the lowest level in nine months, led by gloomier expectations and views on current economic conditions, according to data released Friday.
The University of Michigan-Thomson Reuters consumer-sentiment gauge dropped to a preliminary April reading of 72.3 -- the lowest result since July -- from a final March reading of 78.6. had expected a preliminary April reading of 79.3.
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April 11,
2013 by in UnCategorized
By Home Furnishings Business in Case Goods on April 12, 2013
High-end rustic furniture vendor Old Hickory Furniture is moving its main High Point showroom to the Made In America Pavilion in Suites at Market Square.
The 114-year-old brand's move is in support the Made-in-America movement and to improve overall traffic. Old Hickory, known for its highquality, rustic style and comfort, will show in a 1,700-square-foot display (Space 1914) in the Made in America Pavilion on the first floor of the Suites at Market Square. Old Hickory also retained 1,600-square-feet in the back of its previous space at Market Square 253. New furniture, new fabrics and new finishes will be shown in conjunction with Old Hickory classic items within both spaces.
Made in America is who we are and where we should be, said Vice President of Sales and Marketing Bob Morrison. Our brand and our message continue to focus on madetoorder, highquality, furnishings made in the heartland of America using sustainable and environmentallyfriendly materials and techniques.
Old Hickory furniture is best known for outfitting lodges, cabins and camps, but creative designers use Old Hickory products to bring nature into to other decors.
April 11,
2013 by in UnCategorized
By Home Furnishings Business in Casual Furniture on April 12, 2013
The International Casual Furnishings Association has made several changes to the casual industry's annual awards programs.
Those include an update to the categories for the Design Excellence competition and, for the first time, the acceptance of design entries from companies that are not ICFA members.
Based on recommendations from an industry task force charged with updating the awards programs, the ICFA Board approved the following categories for Design Excellence entries, beginning with the 2013 competition:
- Dining or Bar Table
- Dining or Bar Chair
- Chaise Lounge
- Lounge Seating--Cushion
- Lounge Seating--Non-cushion
- Heating/Firepits
- Shade Products
- Outdoor Lighting
- Outdoor Carpeting, Rugs & Flooring
- Fabric
- Complementary Casual Products
The top five categories replace previous categories that focused on materials rather than the function of the product, including cast metal, tubular materials, wrought iron/wrought aluminum, resin/fiberglass, rattan/wicker/woven and wood. New for 2013 is the heating/firepits category. The last five categories are the same as in previous years.
The Design Excellence entry fee remains at $100 per entry for ICFA members. Non-members may now enter the competition for $500 per entry.
In addition to these changes to the Design Excellence competition, the task force recommended consolidating ICFA's two awards events, both held during the International Casual Furniture & Accessories Market in Chicago, into a single event.
The new ICFA Awards Gala will include presentation of the Lillian B. Winchester "Best of Show" Award, the Manufacturer of the Year, the Sales Representative of the Year and the Apollo Awards for retail excellence. In addition, the annual tribute to the Lifetime Achievement Award recipient will also be included in the evening's program.
The Design Excellence category winners and the Manufacturer Leadership awards will be presented in showrooms prior to the Casual Market or on the first day of the show.
The Awards Gala is slated for Sept. 19 at the Field Museum in Chicago. Tickets are $55 per person or $500 for tables of 10 for first-time attendees. All other gala guests will pay $65 per person or $600 for a table for 10.
Guidelines and entry forms for all of the casual industry awards will be available on the ICFA Web site. In addition, Design Excellence competition entry packages will be mailed to all International Casual Furniture & Accessories Market exhibitors.
April 11,
2013 by in UnCategorized
By Home Furnishings Business in High Point on April 12, 2013
Suites at Market Square has added 121 furniture and home accent temporary exhibitors for the upcoming High Point Furniture Market.
Suites at Market Square is the primary temporary exhibit building at High Point Furniture Market, and a destination for retailers and designers in search of new products and new sources.
The Suites at Market Square is great place for new exhibitors to begin showing at the High Point Market," said Julie Messner, vice president of leasing for International Market Centers, which operates the Suites at Market Square. "And with 121 new exhibitors, we now have more new product to display for retailers and designers than ever before."
In addition to 121 new exhibitors, Suites at Market Square includes several specialized destinations, such as Made in America Pavilion, Salon, and a new showcase of international exhibitors on the top floor.
Presenting 7,000 square feet of a collection of merchandise all produced in the U.S.A., the Made in America Pavilion is on the top floor of the Suites at Market Square. The Made in America Pavilion will feature 46 exhibitors, along with 16 exhibitors from the Authentic Home Furnishings Association.
On the Ground and Mezzanine floors of the Suites of Market Square is Salon, a destination for fresh and innovative products and organizations. This Market, Salon welcomes 13 additional companies: Camilla House Imports, Chelsea Textiles LLC, Glassisimo, Michel Ferrand, Mirror Image Home, Outpost Original, Pearlink World, SF Designs/Cirque 612, Tables & More, Taylor and Burke, Luxe Sleep, MFANO, Piper Collection.
This Market also will mark the launch of the new SuiteSpot Tours. These Star-studded design tours are conducted by bloggers and designers who not only have their finger on the pulse of what is hot today, but also often influence consumer demand tomorrow. Participants on the tours will get a first-hand look at what these style-setters picked as their favorite finds at the Suites at Market Square.
Tours on Monday, April 22, include: Tour 1, 910 a.m., Emily Johnston, Material Girls; Tour 2, 9:30-10:30 a.m., Victoria de la Camara, Rue; Tour 3, 1011 a.m., Lauren Haskett, Material Girls; Tour 4, 10:30-11:30 a.m., Crystal Gentilello, Rue; Tour 5, 11 a.m.-noon, Jill Seidner, Material Girls.
Tours on Tuesday, April 23, include: Tour 6, 910 a.m., Ashlina Kaposta, Decorista; Tour 7, 9:3010:30 a.m., Julia Buckingham Edelmann, Material Girls; Tour 8, 10-11 a.m., Mandy Mortimer, Rue; Tour 9, 10:30-11:30 a.m., Tobi Fairley, Tobi Fairley Inc. (SOLD OUT).
Tours will leave from the Suites at Market Square lobby. Space is limited, so pre-registration is required. To register, click here to send an e-mail, and indicate your first and second choice of tour.
April 10,
2013 by in UnCategorized
By Aggregated Content in on April 11, 2013
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FORT WORTH, Texas Pier 1 Imports reported net income of $61.7 million, or 58 cents per share, for its fourth quarter. For the fourth quarter ended Feb. 25, 2012, the company reported net income of $115.2 million, or $1.04 per share.
Total sales for...
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April 10,
2013 by in UnCategorized
By Aggregated Content in Furniture Retailing on April 11, 2013
from http://www.retailingtoday.com/article/pier-1-income-down-q4
Pier 1 Imports reported net income of $61.7 million, or 58 cents per share, for its fourth quarter. For the fourth quarter ended Feb. 25, 2012, the company reported net income of $115.2 million, or $1.04 per share.
Total sales for the 14-week fourth quarter of fiscal 2013 improved 15.7% to $551.6 million compared to $476.8 million in the 13-week fourth quarter of last year.
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April 10,
2013 by in UnCategorized
By Aggregated Content in Furniture Retailing on April 11, 2013
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Home furnishings retail giant Ikea wants to open a second store in Dublin, Ireland.
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April 10,
2013 by in UnCategorized
By Home Furnishings Business in sourcing/importing on April 11, 2013
The National Retail Federation praised Wednesday's International Longshoremans Assn. vote to approve a new labor contract in East and Gulf Coast ports.
Todays vote ratifying a new, long-term master labor contract is welcomed news to the nations retailers, who have been on pins-and-needles for the past year due to the possibility of a supply chain disruption along the 14 East and Gulf Coast container ports," said NRF ice President for Supply Chain and Customs Policy Jonathan Gold in an association statement. The ILA and United States Maritime Alliance should be commended for reaching todays pinnacle vote, and doing so without engaging in any disruption, stoppage, lockout or strike.
The retail industry would also like to recognize the dedication of the Federal Mediation and Conciliation Service (FMCS) and the hard work of FMCS Director George Cohen and his team of negotiators, who managed to keep both sides at the table to hammer out this deal."
The vote will bring much-needed certainty and efficiency to East and Gulf Coast port operations and secure the United States position in the global supply chain, Gold added.