Daily News Archive
Brought to you by Home Furnishings Business
August 21,
2012 by in UnCategorized 
By Aggregated Content in Financial Reports on August 22, 2012
from http://www.toledoblade.com/Retail/2012/08/22/Untitled-B6-BV5F8O01-46K.html
Furniture maker La-Z-Boy Inc. reported a first-quarter 2013 profit of $4.4 million, or 8 cents a share, compared with $45.5 million, or 85 cents a share, for the same period in 2012.
For the year-ago quarter, $43.4 million of the profit was from a one-time tax gain from cutting the valuation allowance on deferred tax assets.
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August 21,
2012 by in UnCategorized
By Aggregated Content in Furniture Retailing on August 22, 2012
from http://hamptonroads.com/2012/08/haynes-targets-younger-market-lifestyle-pitch
Haynes Furniture Co. has created a new retail concept and new advertising to go with it in hopes of attracting younger, hipper customers.
As sales have stagnated for established middle-age consumers who have less need for new furniture, Haynes saw an opportunity to go after those ages 25 to 35 who are outfitting apartments or first homes, said E.J. Strelitz, the Virginia Beach-based retailer's president and CEO.
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August 21,
2012 by in UnCategorized
By Aggregated Content in Furniture Retailing on August 22, 2012
from http://www.nbcmiami.com/news/local/Ikea-Submits-Plans-for-2nd-South-Florida-Store-167115015.html
The Swedish home furnishings store Ikea announced Wednesday it has plans to open a second South Florida location.
The store is submitting plans for a Sweetwater location west of Miami International Airport. Pending approval, construction could begin in the spring of 2013, with an opening scheduled for the fall of 2014.
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August 20,
2012 by in UnCategorized
By Aggregated Content in Bankruptcy on August 21, 2012
from http://www2.journalnow.com/business/2012/aug/21/2/linwood-employees-put-on-furlough-ar-2536327/
Linwood Furniture LLC has placed most of its 103 employees on furlough as the clock ticks down on what appears to be an inevitable shutdown for the company, which is in bankruptcy.
Jeff Schwall, Linwood's president and chief executive officer, said he met with employees Friday to prepare them for the shutdown.
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August 20,
2012 by in UnCategorized
By Aggregated Content in Executive Changes on August 21, 2012
from http://www.hometextilestoday.com/article/554622-ABC_s_Kurczewski_joins_H_D_Buttercup.php?rssid=20976
Li Kurczewski has joined Los Angeles-based luxury home furnishings retailer H.D. Buttercup as president, reporting directly to founder and ceo Evan Cole.
Kurczewski will be responsible for product merchandising, product development, creative direction, in-store visuals, business development, and fashion for both the LA and San Francisco Buttercup stores.
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