June 27,
2012 by in UnCategorized 
By Aggregated Content in Obituaries on June 28, 2012
from http://www.roanoke.com/news/roanoke/wb/310742
Furniture executive, former Galax, Va., mayor and community leader John B. Vaughan died this week. He was 81.
Born into the Vaughan Furniture dynasty, Vaughan served 45 years with the Galax-based company and was involved in all facets of the business. Vaughan dedicated his business life to the company his father, Taylor G. Vaughan, founded in 1923, and committed his private life to serving his community, family and church.
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June 27,
2012 by in UnCategorized
By Aggregated Content in Furniture Retailing on June 28, 2012
from http://www.wktv.com/news/local/After-more-than-60-years-Drogens-Home-Furnishings-in-Oneonta-closing-160750725.html
Drogen's Home Furnishings in Oneonta, N.Y., will close in July, after more than 60 years of furnishing homes across Central New York.
The close comes with the retirement of second generation owner Arnie Drogen, choosing to retire from the furniture business and focus his attention on the family electrical supply company.
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June 26,
2012 by in UnCategorized
By Home Furnishings Business in Acquisition on June 27, 2012
The flash sale Web site LuxeYard (OTCQB: LUXR), has agreed to acquire Bari Leather Furniture, an ecommerce Web site specializing in high-end leather furniture.
The proposed transaction is subject to the completion of due diligence and other closing conditions.
"Bari Leather Furniture's time-proven product mix speaks to a wide range of consumers and fits in perfectly with our goal of building a world-class brand that speaks to a luxury consumer looking for the finest items available," said Steve Beauregard, COO of LuxeYard. "The expertise and credibility that Bari Leather Furniture has established in the online leather furniture market over the past decade will be a great addition to LuxeYard."
Bari Leather Furniture's strong customer focus, with flexible financing options and return policy, has led to a loyal following and solid customer base. For 2012, Bari Leather Furniture has projected revenues of $10 million.
Upon commencement of the acquisition, Bari Leather Furniture co-presidents Lou Ferris and Tom Tilaro will continue to manage the Bari brand and will leverage their experience in the category to further augment the LuxeYard brand.
"We are achieving growth at LuxeYard by organically building on our core assets and layering on strategic complimentary acquisitions that add heft and expertise," said Braden Richter, CEO. "Our recent capital raise, which is outlined in our registration statement with the SEC on Form S-1 filed last week, provides us with the flexibility to be opportunistic, and we are in discussions with several companies regarding potential strategic acquisitions. In this manner we intend to not only increase revenues, but also enhance margins and profitability by quickly integrating these assets, building expertise, leveraging efficiencies and reducing any redundancies, all with a goal of increasing sustainable shareholder value."
June 26,
2012 by in UnCategorized
By Home Furnishings Business in on June 27, 2012
Columbus, Ohio-based American Signature is giving back this summer by giving away $1 million in furniture through Labor Day weekend.
The retailer has partnered with the Salvation Army and Operation Homefront to provide quality furniture to deserving members of local communities.
Each month, the Salvation Army will recognize a deserving local family, and American Signature will donate needed furnishings.
In addition, American Signature will partner with Operation Homefront to welcome home U.S. military members home from overseas.
American Signature's customers who create an account on American Signature Furniture's Web site can save a "Wish List" of furniture and every week, two winners will be selected to receive the items on their list.
June 26,
2012 by in UnCategorized
By Aggregated Content in Financial Reports on June 27, 2012
from http://c.moreover.com/click/here.pl?z6729771852&z=1600249512
Bassett Furniture Industries has been added to the U.S. broad-market Russell 3000 and small-cap Russell 2000 indexes.
The company reported Tuesday that it joined the indexes at the close of business Friday. Membership in the Russell 3000, which remains in place for a year, means automatic inclusion in the small-cap Russell 2000 Index as well as the appropriate growth and value style indexes.
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