May 13,
2012 by in UnCategorized 
By Home Furnishings Business in Furniture Retailing on May 14, 2012
Del Sol Furniture will celebrate the grand opening of its newest Phoenix-area location on Saturday with a ribbon cutting and community event.
Phoenix City Councilman Daniel Valenzuela of District 7 will be on hand to assist with ribbon cutting at the store at 83rd Ave. and Indian School Rd., as well as other leaders from the surrounding business community. The event will begin at 10 a.m. with the ribbon cutting ceremony at 11 a.m. A free community expo will continue throughout the day until the store closes at 8 p.m.
The community expo will feature booths representing local businesses and community organizations as well as food, live music, entertainment and gifts for the entire family. Prizes will be awarded throughout the day to expo attendees, as well as special giveaways and discounts to store customers.
At 25,000 square feet, this newest location is Del Sol Furnitures largest to date, nearly double the size of its next largest store and represents a significant investment in an area previously underserved by home furnishing retail options. The company is taking advantage of the larger location to offer more product selection and is looking to establish the location as a flagship for the furniture brand. Additionally, the family-owned operation is committed to the revitalization of the surrounding West Phoenix neighborhood and contributing to a healthier local economy. The store has already created ten new sales, support and management positions within the company with the potential for more growth in the future.
Opened in 1997 as Muebleria Del Sol by Venancio and Rosa Macias, the company has grown to four valley locations including Red Tag Furniture at Arizona Mills Mall, which coincided with a rebrand from a mostly Hispanic market segment to a more general consumer reach. The company has evolved into a second generation family-owned furniture retail business with son Alejandro Macias and Daughter Minerva Macias-Maestas now at the helm.
May 13,
2012 by in UnCategorized
By Aggregated Content in economic news on May 14, 2012
from http://www.marketwatch.com/story/consumer-sentiment-in-may-at-post-recession-high-2012-05-11?siteid=rss&rss=1
Consumer sentiment edged higher in May, as declining gasoline prices appear to have offset slowing job-markets growth.
The preliminary reading of the University of Michigan-Thomson Reuters index rose to 77.8 from 76.4 in April. That's the best reading since January 2008 - just one month after the recession started.
The current economic conditions index jumped to 87.3, the best reading since January 2008, from 82.9 in April.
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May 13,
2012 by in UnCategorized
By Aggregated Content in Furniture Retailing on May 14, 2012
from http://www.stockhouse.com/News/FinancialNewsDetailFeeds.aspx?n=14844765&src=cp
Leon's Furniture Ltd. saw its first-quarter profits drop to $8.6 million due in part to increased marketing costs and spending related to four new stores that opened late last year.
The furniture and appliance retailer said the economic slowdown continues to affect its results "as shoppers are less inclined to splurge on big ticket items" adding it doesn't see any signs of immediate improvements. "As such, we anticipate that consumer discretionary spending will remain soft throughout 2012," Leon's said in a statement. "To help counter this, we plan an even more robust marketing and
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May 13,
2012 by in UnCategorized
By Aggregated Content in on May 14, 2012
from http://c.moreover.com/click/here.pl?z6482841728&z=1250249027
TORONTO - Leon's Furniture Ltd. saw its first-quarter profits drop to $8.6 million due in part to increased marketing costs and spending related to four new stores that opened late last year. The furniture and appliance retailer said Monday the economic slowdown continues to affect its results â as shoppers are less inclined to splurge on big ticket items â adding it doesn't see any signs of immediate improvements. "As such, we anticipate that consumer discretionary spending will remain soft throughout 2012," Leon's said in a statement. "To help counter this, we plan an even more robust marketing and
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May 13,
2012 by in UnCategorized
By Aggregated Content in Bankruptcy on May 14, 2012
from http://c.moreover.com/click/here.pl?z6477969214&z=1250249029
Treasures Furniture, a California-based furniture retailer, has filed for Chapter 11 bankruptcy protection, owing its largest creditors in the industry about $2.1 million and plans to close its San Diego store.
The company has filed for protection in the Southern District of California, listing assets and debts both in the $1 million to $10 million range.
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