FurnitureCore
Search Twitter Facebook Digital HFBusiness Magazine Pinterest Google
Advertisement
[Ad_40_Under_40]

Get the latest industry scoop

Subscribe
rss

Daily News Archive

Brought to you by Home Furnishings Business

US consumers hold back, even as gas prices fall

By Aggregated Content in on May 15, 2012 from http://c.moreover.com/click/here.pl?z6487766612&z=1250249027 WASHINGTON€”Lower gas prices in April weren't enough to embolden U.S. consumers to spend more elsewhere. The Commerce Department said retail sales rose only 0.1 percent last month. Even after excluding gasoline station sales, consumers increased their spending on retail goods by just 0.2 percent. That followed two stronger months in February and March. Some economists say a mild winter led consumers to make purchases earlier in the year, effectively stealing sales from April. Gasoline prices have fallen sharply in the past month. The national average dropped to roughly $3.73 per gallon on Monday, roughly 17 cents cheaper than a

Read Full Article...

 

Berkshire to file quarterly update on US stocks

By Aggregated Content in on May 15, 2012 from http://c.moreover.com/click/here.pl?z6486673830&z=1250249027 Warren Buffett's Berkshire Hathaway Inc. will file a quarterly update on its U.S. stock holdings Tuesday afternoon. The filing may reveal changes the Omaha-based company made to its portfolio. Berkshire's moves are watched closely because of Buffett's successful investing record. Buffett makes most of Berkshire's investment decisions, but the filing may show what the company's two new investment managers, Todd Combs and Ted Weschler, have been buying and selling. Weschler and Combs were hired over the past two years and are building portfolios worth about $2.75 billion. Buffett has said that any investments smaller than $300 million are likely

Read Full Article...

 

Art Van plans Toledo area store

By Aggregated Content in on May 15, 2012 from http://c.moreover.com/click/here.pl?z6485095648&z=1250249030 BLADE BUSINESS WRITER The former Super Cinema theaters in Springfield Township. THE BLADE/LORI KING Enlarge | Photo Reprints After 53 years as Michigan's top furniture retailing chain, Art Van Furniture Inc. has decided to embark on expansion outside the Wolverine state by opening a store next year in the Toledo area. Art Van, which is based in Warren and operates 34 stores throughout Michigan, recently signed a purchase agreement with National Amusements Inc. to acquire the theater chain's 14-acre Super Cinemas site at 1301 E. Mall Rd. in the Spring Meadows Shopping Center in Springfield Township. The 10-screen

Read Full Article...

 

Viewpoint Studios Property to be Auctioned

By Home Furnishings Business in on May 15, 2012

The assets of photography and video company Viewpoint Studios in Greensboro, N.C., will be sold at a public auction that started this week.

The auction will be conducted in two phases with the set decorations, office furniture, artwork, rugs, and furniture being sold online through May 23. The second phase will offer computers, digital photography equipment, trucks, automobile and sets, which will be conducted Friday, May 18.

The company had apparently closed in February.

Viewpoint had more than 30 set environments and one of the largest daylight capabilities in the U.S. The facility featured a prepress and digital media center that performed retouching and image manipulation.

Iron Horse Auction Co., Inc. of Rockingham, NC has been commissioned to handle the transaction.

"This auction contains the very best in commercial wireless photography and video equipment available in the world," said Thomas McInnis of Iron Horse. "They produced catalog photos for many of America's leading retail and wholesale establishments. This auction contains a large volume of high quality items throughout the property."

Former Havertys Chairman Clarence ‘Clancy' Ridley, 69, Dies

By Aggregated Content in Obituaries on May 14, 2012 from http://www.ajc.com/news/atlanta/clarence-clancy-ridley-69-1436349.html?cxtype=rss_news_81960

Clancy Ridley wore two notable hats as one of Atlantas top businessmen -- as chairman of Havertys furniture stores and as a senior partner with the King & Spalding law firm.

Phillip Humann of Atlanta, who followed Ridley as chairman of Havertys, said his predecessor deserves a share of the credit for the companys traversing the treacherous currents that inundated other furniture merchandisers during the past decade.

 

Read Full Article...

 
EMP
Performance Groups
HFB Designer Weekly
HFBSChell I love HFB
HFB Got News
HFB Designer Weekly
LinkedIn