Daily News Archive
Brought to you by Home Furnishings Business
January 19,
2012 by in UnCategorized 
By Aggregated Content in Financial Reports on January 20, 2012
from http://www.reuters.com/article/2012/01/20/ikea-earnings-idUSL6E8CG32Z20120120
Sweden's IKEA, the world's biggest furniture retailer, posted on Friday a record profit for the fiscal 2010/11 year on the back of growing sales and a bigger share in almost all of its markets. Net profit at the privately-held Swedish firm, known the world over for low-price, self-assembly, flat-packed furniture, rose 10.3 percent to 2.97 billion euros ($3.8 billion) in the year to last August.
Revenue grew 6.9 percent to a record 25.17 billion euros, with existing stores accounting for 2.7 percent of sales growth.
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January 18,
2012 by in UnCategorized
By Home Furnishings Business in Display on January 19, 2012
Full-line furniture manufacturer and retailer Ethan Allen is primary furnisher of the HGTV Dream Home 2012 near Park City, Utah.
HGTV Dream Home Interior Designer Linda Woodrum showcased the company's furniture, upholstery, window treatments, and accessories throughout the sprawling, near-4,000-square-foot, modern, western ranch home.
"This is our sixth consecutive year of furnishing the HGTV Dream Home, and each year is as exciting for us as the first" said Ethan Allen Director of Interior Design Marta Eriquez. "It's a pleasure to see pieces from our five Signature Lifestyles play such a key part in making this HGTV Dream Home the home that so many would love to own."
Nestled along the picturesque Provo River near Park City, Utah, this year's HGTV Dream Home is the first riverfront home, and it offers beautiful views from every room. The setting offers easy access to world-class skiing, myriad seasonal outdoor activities, and the resort town's most famous annual attraction--the Sundance Film Festival.
The home has three bedrooms, four-and-a-half bathrooms, a dedicated entertainment room, and a gourmet kitchen. Boardwalks connect five covered decks, the outdoor living room, the hot tub, and the changing room. Its great room, which was designed to resemble an old stone structure, bridges indoors and out with its many transom and French-style windows.
Inspired by the color of the Utah sky, Woodrum incorporated shades of cool blue throughout the great room--from the houndstooth fabric on the Parker chairs to the ikat artwork above the fireplace to the pinstriped fabric on the Lewis ottomans that she tucked beneath the Turner desk. The palette of hues she saw in the surrounding meadow led her to choose luxurious fabrics in gold, rust, lime, and mocha for the master bedroom. She also used the Maxime nine-light chandelier, Floral wall sconces, Monterey and Baldwin chairs, and the Alison headboard to create a warm and welcoming feeling.
"The refreshing blues and sun-kissed green, gold, and rust colors that Linda has placed throughout the home will surely inspire the inhabitants of this modern oasis to feel attuned to its gorgeous surroundings," said Eriquez.
January 18,
2012 by in UnCategorized
By Home Furnishings Business in Bedding on January 19, 2012
Luxury bedding vendor Reverie will launch its iPad- and iPhone-friendly Dream Sleep System at the Jan. 30-Feb. 3 Las Vegas Furniture Market.
As an Apple licensee, Reverie's exclusive technology allows users to easily download their Reverie control app at the iTunes store onto their iPad or iPhone, turning their device into a remote control for the Reverie sleep system. They may use either the Bluetooth or Wi-fi features of their devices to control all the functions of the sleep system.
Reverie also has integrated remote control power outlet technology into the sleep system, so a touch of the iPad screen can turn on/off appliances around the room.
The Reverie Showroom, World Market Center Las Vegas, space B-925, also will feature two Concept Beds that will give visitors a look into the not-so-distant future. The Concept Beds will have an all new look, unique adjustable features, new electronic controls and an array of exciting accessories.
The new technology focus at the 2012 World Market is a continuation of Reverie's technology revolution that starts with the rollout of a new remote control for the current Reverie Deluxe Adjustable Base. The new remote consists of a sleek new design with added features such as Anti-Snore and programmable memory positions.
January 18,
2012 by in UnCategorized
By Home Furnishings Business in Community/Charitable Support on January 19, 2012
Jeff Seaman and Bob Sherman, respective CEOs of furniture retailer Rooms To Go and bedding vendor Serta Mattress Co., will receive City of Hope's Spirit of Life Award.
The Spirit of Life Award is presented annually to one or more national home furnishings industry leaders and recognizes outstanding business leadership and philanthropic achievements. City of Hope will honor Seaman and Sherman at its 2012 Spirit of Life Award dinner during the High Point Furniture Market on Sunday, April 22. This year's event will take place at 6 p.m. at Grandover Resort in Greensboro, N.C.
Both Seaman and Sherman have raised funds and heightened awareness for City of Hope within the National Home Furnishings Industry. City of Hope is a leading research, treatment and education center for cancer, diabetes and other life-threatening diseases. Designated as a comprehensive cancer center, the highest honor bestowed by the National Cancer Institute, and a founding member of the National Comprehensive Cancer Network, City of Hope's research and treatment protocols advance care throughout the nation. City of Hope is located in Duarte, Calif., just northeast of Los Angeles, and is ranked as one of "America's Best Hospitals" in cancer by U.S.News & World Report.
"We are delighted to have two illustrious leaders being honored by City of Hope with The Spirit of Life Award," said Jena Hall, co-chairman of the National Home Furnishings Industry initiative at City of Hope. "Together, with my national co-chairman, Roger Friesen of Casana Furniture, and our newly appointed Spirit of Life dinner chairman, Kevin O'Connor of Samson Marketing, we will celebrate the advancement and promise of City of Hope's critical research and treatments and the extraordinary contributions of these two industry leaders, Jeff Seaman and Bob Sherman, at our annual Spirit of Life gala."
"I'm proud to support City of Hope, an organization committed to finding a cure for cancer and other life-threatening diseases," said Seaman. Added Sherman, "It is a privilege to be part of this incredible industry and witness how our support is making a tremendous impact in the lives of patients and families all over the country."
"The National Home Furnishings Industry has been a longtime supporter of City of Hope's innovative medical research and lifesaving programs," said Kevin O'Connor, chairman of City of Hope's Spirit of Life initiative. "We appreciate their loyalty and we deeply value the industry's commitment and support."
For information about attendance at the award dinner and sponsorship opportunities, contact Yolanda Guerrero at 213.241.7168, or by e-mail.
January 18,
2012 by in UnCategorized
By Home Furnishings Business in Executive Changes on January 19, 2012
Laura Ashley Inc. has named Penne Cairoli president of the company. She will oversee licensing and e-commerce operations for North and South America.
Cairoli replaces current president, Ng Kwan Cheong, who has been named CEO of London-based Laura Ashley Holdings PLC.
Cairoli has been with Laura Ashley since 1987, most recently as a vice president of licensing. She also has held management positions in licensing, design, buying, product development and sales.
"Her longevity with the brand and industry experience will provide us with valuable direction as we continue to grow Laura Ashley's business in North America and South America," said Ng.
Laura Ashley Inc., headquartered in Fort Mill, S.C., concentrates on licensing the Laura Ashley brand name in North and South America for women's and children's wear and home furnishings, as well as the company's own e-commerce operations.