September 17,
2012 by in UnCategorized 
By Home Furnishings Business in Rugs on September 18, 2012
Area rug source Art Resources will debut a new division at High Point Furniture Market in a new 4,691-square-foot showroom, Market Square, space 294.
The company, known for its fashionable, high-end Oriental rugs, has created a new rug division priced in the mid-range of the market that will target furniture stores and mass merchandisers. A typical 8 by 10-foot model will be priced from $500 to $1,600 retail. A range of designs will be offered, including traditional, but the line will focus on transitional and modern styles.
Were offering an eclectic mix of quality, hand-knotted rugs imported from India, said Eddie Simantob, a partner in the business with his brother Jack. They are designed to appeal to a broad range of tastes, with very affordable price points.
Based in Los Angeles, where it also has a warehouse that serves the West, Art Resources also has an East Coast office and warehouse in Secaucus, N.J. The 30-year-old company currently sells its line mostly through rug specialty stores. High-end products are imported from Afghanistan and Pakistan.
As Art Resources works to expand its customer base, the companys recently enhanced Web site will offer a valuable tool for retailers, according to Eddie Simantob.
We offer retailers and consumers the ability to search our entire line by shape and size, primary color, construction, material and location, he said. All the rugs we have in our inventory are in the data base, and the search function is compatible with every type of browser. And once a customer has registered, product photos can be easily e-mailed back and forth.
Julie Messner, vice president of leasing for International Market Centers, said Art Resources decision to roll out its new division in High Point reflects the markets track record in attracting the nations top retailers: When a producer or importer is looking to introduce a new line and expand its customer base, High Point is the premier place to show.
September 16,
2012 by in UnCategorized
By Aggregated Content in Furniture Retailing on September 17, 2012
from http://uk.finance.yahoo.com/news/ikea-denies-founders-retirement-112606351.html
Swedish furniture giant Ikea denied Monday that its 86-year-old founder Ingvar Kamprad had formally handed over the running of the business to his three sons, as a company official told a Swedish daily.
"Ingvar will no longer be there to give his point of view, give advice or support," Goeran Grosskopf, chairman of Ingka Holding, the Dutch parent company that comprises all of the family-owned Ikea businesses, told the daily Expressen.
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September 16,
2012 by in UnCategorized
By Aggregated Content in Executive Changes on September 17, 2012
from http://www.thestar.com/business/article/1257866--ikea-chief-to-step-down-next-year
Ikea, the world's largest home- furnishings retailer, said Chief Executive Officer Mikael Ohlsson will step down next year after a career spanning more than 30 years and be succeeded by the head of its Swedish unit.
Ohlsson, who became CEO in 2009, will be replaced as president and CEO on Sept. 1, 2013, the company said today in a e-mailed statement.
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September 16,
2012 by in UnCategorized
By Aggregated Content in on September 17, 2012
from https://newsdesk4.moreover.com/click/?p=Qy83MjI1MTAyNjIwJm49TkFQQ08&a=MTE2NDQzMjk2MjE&f=TmV3cw&s=cmljaHhtbA&u=YWNyZW5zaGF3QG5hcGNvLmNvbQ&c=TkFQQ08&i=MA&e=VG9yb250byBTdGFyIE9ubGluZQ&d=1989&t=1
Ikea, the worlds largest home- furnishings retailer, said Chief Executive Officer Mikael Ohlsson will step down next year after a career spanning more than 30 years and be succeeded by the head of its Swedish unit.
Ohlsson, who became CEO in 2009, will...
Read Full Article...
September 16,
2012 by in UnCategorized
By Home Furnishings Business in on September 17, 2012
The Pavilions on Main 3 temporaries at the International Home Furnishings Center are sold out for next month's High Point Market. The temporary space will boast 38 exhibitors with a wide range of furniture, rugs, wall art and other decorative accessories.
The Pavilions on Main 3 takes up the entire third floor of the Main wing of the IHFC. This market, the area features 12 new exhibitors.
"The Pavilions presents an exciting range of furniture and home accents in a casual, easy-to-shop atmosphere," said Julie Messner, vice president of leasing for International Market Centers. "Buyers can leisurely browse the inviting, open-market walkways while they discover a variety of fashion-forward furnishings."
Participating exhibitors can be found online.